AI in Military Market 2020 - Global Applications, Regional Overview and Forecast 2028 | IBM, General Dynamics, NVIDIA Corporation, BAE Systems, Harris Corporation, Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Boeing

A recent report published by QMI on AI in Military Market is a detailed assessment of the most important market dynamics. After carrying out thorough research of AI in military market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for AI in military during the forecast period. It can enable manufacturers of AI in military to change their production and marketing strategies in order to envisage maximum growth.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Spark Cognition Inc.
2) Charles River Analytics, Inc.
3) Leidos
4) Boeing
5) SAIC
6) Thales Group
7) IBM
8) General Dynamics
9) NVIDIA Corporation
10) BAE Systems
11) Harris Corporation
12) Lockheed Martin Corporation
13) Raytheon Company
14) Northrop Grumman Corporation

Significance of Artificial Intelligence-

Artificial intelligence is a computer system's ability to execute functions that usually involve human intelligence, such as recognition of expression, visual perception, and decision making. This technology involves in-depth teaching and learning of machines. Advancing computing power and increasing the presence of artificial intelligence chipsets are drivers of market growth. Moreover, increasing the military implementation of cloud services has also stimulated market development. Also, the increased operational effectiveness of independent systems would provide the market with profitable possibilities.

Increasing investment to create embedded AI systems and increasing cloud-based apps are the main factors driving artificial intelligence development in the military industry. In the military industry, artificial intelligence is anticipated to develop significantly in the days ahead. Worldwide, military forces are focusing on integrating AI with unmanned arms systems such as automated robots, self-driving military cars, and UAV control systems.

The service segment holds the largest market share in the global AI in the military market due to the growing demand for deployment and integration, upgrade and maintenance, and software support services.

In the future, the information processing section will drive the artificial intelligence industry in the military. In the collection and aggregation of information, artificial intelligence enables military staff to acknowledge patterns and obtain correlations in data sets. The processed data is used with machine learning or profound learning instruments to further investigate.

Important Factors Impacting Market Growth:

o Increased adoption of cloud services by the military
o Improving the autonomous system's operational efficiency
o Enhanced computing power and enhanced Ai-supporting chipsets growth
o AI Algorithm Unreliability
o Unavailability of Structured Data

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Insights about regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market. For AI in military market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions in the AI in military market.

North America and Western Europe have been dominant players in this market with the presence of major companies which have a strong infrastructure to boost aerospace & defense sector. In addition, some of the major countries like the US, France, UK, and Canada has been global exporters of aerospace & defense technologies due to established research & development centers, and others.Also, some of the major companies operating in AI in military market are headquartered in these regions.

The Asia Pacific region is estimated to register fastest growing AI in military market since some of the major economies like China, India, and South Korea are present in the region. In recent decades, these countries have witnessed strong government spending on defense infrastructure, as well as promoting air transport and space research. During the forecast period, the Middle East region is estimated to be a potential region for AI in military market in the aerospace and defense sector. It is estimated that Eastern Europe will have stable demand during the forecast period. Also, the rest of the world is expected to be an emerging market with increasing demand.

Market Segmentation:

By Platform:

Land
o Military Fighting Vehicles (MFVS)
o Unmanned Ground Vehicles (UGVS)
o Air Defense Systems
o Command & Control Systems
o Others
Naval
o Naval Ships
o Submarines
o Unmanned Maritime Vehicles (UMVS)
o Others
Airborne
o Fighter Aircraft & Helicopter
o Transport & Cargo Aircraft
o Unmanned Aerial Vehicles (UAVs)
o Others
Space
o Space Launch Vehicles
o Satellites
o Others

By Offering:

Hardware
o Processor
o Memory
o Network
Software
o AI Solutions
o Platforms
Services
o Deployment & Integration
o Upgrade & Maintenance
o Software Support
o Others

By Technology:

Learning & Intelligence
o Modeling & Simulation
o Data Mining
o Natural Language Processing
o Deep Learning
o Machine Learning
Advanced computing
o Quantum Computing
o Neuromorphic Engineering
o Supercomputing
AI Systems
o Computer Vision
o Virtual Reality
o Virtual Agents

By Application:
o Warfare Platform
o Cyber Security
o Logistics & Transportation
o Target Recognition
o Battlefield Healthcare
o Simulation & Training
o Threat Monitoring & Situational Awareness
o Information Processing
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Platform
o By Offering
o By Technology
o By Application

Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Platform
o By Offering
o By Technology
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Platform
o By Offering
o By Technology
o By Application

Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Platform
o By Offering
o By Technology
o By Application

Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Platform
o By Offering
o By Technology
o By Application

Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Platform
o By Offering
o By Technology
o By Application

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This release was published on openPR.