openPR Logo
Press release

Artificial Intelligence in Defense Market Growth Trends with 10.8% of CAGR by 2028: The Insight Partners

05-16-2022 05:03 PM CET | IT, New Media & Software

Press release from: The Insight Partners

According to The Insight Partners latest market study on "Artificial Intelligence in Defense Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Technology, Platform, and Application," the artificial intelligence in defense market was valued at US$ 6,404.73 million in 2021 and is projected to reach US$ 13,153.31 million by 2028; it is expected to grow at a CAGR of 10.8% from 2021 to 2028.

Unmanned aerial vehicles (UAVs) are used in multiple applications, and they are growing in popularity. Recent progress in UAVs and artificial intelligence (AI) constitutes a new chance for autonomous operations and flight. Nowadays, artificial intelligence and deep learning are driving the evolution of UAVs and fueling their autonomous future. Computer vision has progressed in image classification and segmentation and object detection, making it an attractive research field when applied on UAVs. Artificial intelligence is more beneficial for UAVs in decision-making and is essential in military operations

For instance, Shield AI provides Nova 2, a drone system capable of outdoor and indoor autonomous, self-directed flight. Nova operates independently in complex and contested environments, leveraging AI to determine in completing the task. Shield designed the Nova2 to operate autonomously, without the need for a human to control it remotely or for a constant connection to some distant data center. It also does not need a GPS signal to navigate and map its environment. The Shield AI's Nova2 drones have already been used by the US Special Operations Command since 2018, including in combat. Therefore, AI has added more benefits to the defense sector by implementation in unmanned aerial vehicles. Thus, the high adoption AI in unmanned aerial vehicle boost the demand for artificial intelligence in defense market.

For Sample Link Promotion - Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPTE100001303/

Based on components, the artificial intelligence in defense market is segmented into hardware, software, and services. Based on technology, the artificial intelligence in defense market is segmented into Advanced Computing, AI Systems, and Learning and Intelligence. Based on platform, the artificial intelligence in defense market is segmented into land, air, and naval. Based on application, the artificial intelligence in defense market is segmented into cyber security, battlefield healthcare, logistics and transportation, warfare platform, and others.

Impact of COVID-19 Pandemic on Artificial Intelligence in Defense Market

The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in the lesser production of commodities, goods, and services.

Even though the COVID-19 pandemic caused a large-scale impact on economies across the globe in 2020, leading to many challenges, the artificial intelligence in defense market has continued to expand. This can be seen from both the demand as well the supply sides, as leading manufacturers such as IBM Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, BAE Systems plc., and Northrop Grumman continue to invest heavily in developing artificial intelligence capabilities, and governments continue to invest significantly in securing these advanced systems. Governments have realized the potential of improved capabilities that these artificial intelligence systems could offer in terms of defense arsenal. However, despite the development of artificial intelligence technology, the supply chain disruptions of the artificial intelligence systems during the COVID-19 pandemic had a minor hit in the market growth. This resulted from the shortage of raw materials due to disruptions in the supply chain. The hardware systems such as artificial intelligence systems have had a slightly negative impact in artificial intelligence in defense market. However, the demand for artificial intelligence software and services provided to various defense organizations across the globe was high. Moreover, the government spending in the defense sector was significantly higher. Therefore, the overall impact of the pandemic on the artificial intelligence in defense market was positive.

For Discount Link Promotion - Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill the inquiry form below to know more - https://www.theinsightpartners.com/discount/TIPTE100001303/

In 2021, with the relaxation of lockdown measures and the beginning of vaccination drives, the supply-chain industry resumed working smoothly with timely delivery of raw materials of the artificial intelligence systems. Moreover, governments across the globe continue to invest significantly in securing advanced systems for the defense sector. Therefore, the artificial intelligence in defense market will grow significantly.

The List of Companies - Artificial Intelligence in Defense Market

BAE Systems plc.; IBM Corporation; Leidos; Lockheed Martin Corporation; Raytheon Technologies Corporation; Charles River Analytics, Inc.; General Dynamics Information Technology, Inc. (General Dynamics Corporation); Shield AI; SparkCognition, Inc.; and Thales Group are a few key players operating in the global artificial intelligence in defense market. Several other market players have been analyzed to understand the market.

By Component
• Hardware
• Software

By Technology
• Advanced Computing
• AI Systems

• Learning and Intelligence
By Platform
• Land
• Air
• Naval

By Application
• Cyber Security
• Battlefield Healthcare
• Logistics and Transportation
• Warfare Platform
• Others

For Purchase Link Promotion - Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPTE100001303/

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

We are committed to provide highest quality research and consulting services to our customers. We help our clients understand the key market trends, identify opportunities, and make informed decisions with our market research offerings at an affordable cost.

We understand syndicated reports may not meet precise research requirements of all our clients. We offer our clients multiple ways to customize research as per their specific needs and budget:

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Intelligence in Defense Market Growth Trends with 10.8% of CAGR by 2028: The Insight Partners here

News-ID: 2625712 • Views: 231

More Releases from The Insight Partners

Hydrophobic Introduction Chromatography Market Outlook and Opportunities in Groo …
The latest Hydrophobic Introduction Chromatography Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thoroughanalysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Hydrophobic Introduction
Leukapheresis Market Investment Activity From Established Companies Are to Creat …
What is Leukapheresis? Leukapheresis is a procedure that has white blood cells (leukocytes) involved in the body's immune response are segregated from a blood sample. It is a particular form of apheresis in which an element of blood, such as red blood cells or platelets, is obtained while the remaining blood is restored to circulation. Leukapheresis is often used to reduce very high white blood cell (WBC) counts, such as chronic
Intravenous Immunoglobulin Market Volume Forecast and Value Chain Analysis 2022 …
The latest Intravenous Immunoglobulin Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thoroughanalysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Intravenous Immunoglobulin Market. Immunoglobulins
Farm Animal Drugs Market Projected to reach US$ 28,364.08 million in 2028| Detai …
What is Farm Animal Drugs? Drugs play a key role in maintaining the health of farm animals and improving the economic condition of farm producers. The need for better productivity has become important more, as the population are looking for nutritious and disease-free food products. The pharmacologically active compounds help prevent the passing of diseases from animals to humans. Farm animal's health have been considerably shaped by the use of drugs.

All 5 Releases


More Releases for Corporation

What's driving the Global Photovoltaic Market trends? Mitsubishi Electric Corpor …
The global photovoltaic market accounted for US$.153.99 Bn in 2018 and is expected to grow at a CAGR of 19.8% during the forecast period 2019 - 2027, to account to US$ 768.1 Bn by 2027. Some of the players present in global photovoltaic market are Mitsubishi Electric Corporation, Panasonic Corporation, Kaneka Corporation, Kyocera Corporation, Sharp Corporation, JA Solar Co. Ltd, Renesola Co. Ltd, Trina Solar, Jinko Solar, and Shunfeng International
Endoscopy Visualization System Market 2018 |Fujifilm Holding Corporation, Conmed …
Market Research Hub (MRH) has carefully analyzed this research study titled Endoscopy Visualization System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028, which is available on its online portal. The aim of this assessment is to highlight the various projections expected to occur in the global market for Endoscopy Visualization System Market. Readers can gain knowledge related to prime market facets such as market size, Y-o-Y growth and market
Blockchain Market Covers Leading Manufacturer IBM Corporation, Microsoft Corpora …
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1113 "Applications Of Blockchain Market" Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital
Enterprise Information Management (EIM) Market 2021 - IBM Corporation, Oracle Co …
Enterprise Information Management (EIM) is the combined power of analytics or business intelligence and content management. Large companies often have separate applications for each of these segments, and EIM seeks to combine them in a more integrated way to remove silos. Organizations that are developing EIM strategies and capabilities are focused on reducing costs and improving efficiencies. The global EIM market has increased over the years and is expected to
Cloud Backup Market Key Players - Microsoft Corporation, Oracle Corporation, IBM …
Market Highlights: The Global Cloud Backup Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of cloud backup is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous
Global Enterprise Content Management Market 2016 - EMC Corporation, IBM Corporat …
To begin with, the report defines the Enterprise Content Management market and segments it based on the most important dynamics, such as applications, geographical/regional markets, and competitive scenario. Furthermore Enterprise Content Management market report provides detail analysis, forecast, Size, share, outlook, current trends, market demand, market growth. Macroeconomic and microeconomic factors environments that currently prevail and also those that are projected to emerge are covered in this report. This report