The Artificial
Intelligence in Military Market Report provides an analysis of the
market from 2017 to 2025. It discusses industry and technology trends currently
prevailing in the market, along with drivers, challenges, and opportunities.
The Artificial Intelligence in
Military Market is estimated to be USD 6.26 Billion in 2017 and is projected to
reach USD 18.82 Billion by 2025, at a CAGR of 14.75% from 2017 to 2025.
Increasing
investment towards the development of AI integrated systems and rising adoption
of cloud-based applications are key factors projected to drive the growth of
the artificial intelligence in military market.
Browse 67 market data Tables and 46
Figures spread through 149 Pages and in-depth TOC on "Artificial Intelligence
in Military Market - Global Forecast to 2025"
https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-military-market-41793495.html
Based
on platform, the land segment is projected to lead the artificial intelligence
in military market.
Based on platform, the land segment is expected to lead
the artificial intelligence in military market from 2017 to 2025. Militaries
worldwide are focused on the integration of AI with land platforms. The
incorporation of AI technology into unmanned ground vehicles assists in the
successful execution of various ground operations, such as disabling Improvised
Explosive Devices (IEDs) and other kinds of roadside bombs intended to cripple
military patrols and convoys.
Based
on offering, the software segment of the artificial intelligence in military
market is expected to grow at the highest CAGR during the forecast period.
Based on offering, the artificial intelligence in
military market has been segmented into hardware, software, and services. The
software segment of the artificial intelligence in military market is projected
to grow at the highest CAGR during the forecast period. The growth of the
software segment can be attributed to the significance of AI software in
strengthening the IT framework to prevent incidents of security breach.
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The
US is projected to lead the artificial intelligence in military market during
the forecast period.
Based on country, the US is estimated to account for the
largest share of the artificial intelligence in military market in 2017. This
growth can be attributed to the need for automated warfare systems, the
involvement of the military in asymmetric warfare, and various modernization
programs carried out by the US Armed Forces, which, in turn, has enabled major
defense manufacturers in this country to develop techno-efficient AI systems
for military operations.
Key players operating in the artificial intelligence in
military market are Lockheed Martin (US), Raytheon (US), Northrop Grumman (US),
IBM (US), Thales Group (France), General Dynamics (US), NVIDIA (US), and BAE
Systems (UK).
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