Artificial Intelligence In Military Market Opportunities And Strategies 2024-2033 – Size, Growth Analysis, Outlook, Overview

Overview and Scope

Artificial intelligence in the military facilitates quick decision-making, both in dynamic, information-dense environments and in information-scarce ones. Artificial intelligence is employed in military intelligence to analyze the enemy’s intelligence and as an application in autonomous vehicles and weapon systems. Artificial intelligence in the military is used in supporting and planning military operations.

Sizing and Forecast

The artificial intelligence in military market size has grown rapidly in recent years. It will grow from $8.45 billion in 2023 to $9.86 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%.  The  growth in the historic period can be attributed to rise in budget allocations, rise in cybersecurity concerns, increasing data availability, rise in threats, economic growth.

The artificial intelligence in military market size is expected to see rapid growth in the next few years. It will grow to $17.65 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%.  The growth in the forecast period can be attributed to geopolitical tensions, rise in research and development, growing military and defense sector, rising government support, rising industrial automation. Major trends in the forecast period include industry partnerships, human-machine teaming, dual-use technologies, cognitive electronic warfare, swarm technology.

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Segmentation & Regional Insights

The artificial intelligence in military market covered in this report is segmented –

1) By Offering: Hardware, Software, Service

2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Intelligent Virtual Agent (IVA) or Virtual Agents, Other Technologies

3) By Platform: Land, Naval, Airborne

4) By Installation: New Procurement, Upgradation

5) By Application: Information Processing, Simulation and Training, Warfare Platform, Threat Monitoring and Situational Awareness, Cyber Security, Other Applications

Top Major Players:
Charles River Analytics Inc
BAE Systems PLC
Northrop Grumman Corporation
RTX Corporation
Lockheed Martin Corporation

North America was the largest region in the artificial intelligence in military market in 2023.

North America was the largest region in the artificial intelligence in military market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in military market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

Increased spending on defense is driving the growth of artificial intelligence in military market going forward. Artificial intelligence refers to the simulation of human intelligence in machines that are programmed to work like humans and spoof their actions. Most governments have set up specialized departments or organizations with the specific purpose of developing new capabilities as well as planning, launching, and integrating AI capabilities into military equipment. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world’s second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China’s military spending has increased for the past 27 years. Therefore, increased t spending on defense is driving the growth of artificial intelligence in military market.

Key Industry Players

Major companies operating in the artificial intelligence in military market include  Charles River Analytics Inc., BAE Systems PLC., Northrop Grumman Corporation, RTX Corporation, Lockheed Martin Corporation, Thales Group, Harris Corporation, International Business Machines Corporation, Rafael Advanced Defense Systems, Microsoft Corporation, Oracle Corporation, Amazon Web Services Inc., SAS Institute, Meta Platforms Inc., SAP SE, Salesforce Inc., Baidu Inc., SoarTech, Google LLC, NVIDIA Corporation, Intel Corporation, General Dynamics Corporation, Honeywell Aerospace, Pratt & Whitney, Rolls-Royce Holdings plc, General Electric Aviation, Safran S.A., Israel Aerospace Industries, Spirit AeroSystems Inc., Triumph Group Inc., Boeing Co., Airbus SE, Leonardo S.p.A., L3Harris Technologies Inc., Elbit Systems Ltd., Rheinmetall AG, Collins Aerospace, Kongsberg Gruppen

 The artificial intelligence in military market report table of contents includes:

1. Executive Summary
2. Artificial Intelligence in Military Market Characteristics
3. Artificial Intelligence in Military Market Trends And Strategies
4. Artificial Intelligence in Military Market – Macro Economic Scenario
5. Global Artificial Intelligence in Military Market Size and Growth
…
31. Global Artificial Intelligence in Military Market Competitive Benchmarking
32. Global Artificial Intelligence in Military Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Artificial Intelligence in Military Market
34.Artificial Intelligence in Military Market Future Outlook and Potential Analysis
35. Appendix

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