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Artificial Intelligence In Military Market Scenario, Huge Growth, Upcoming Trends, Opportunities, Size, Key Players And Forecast To 2032 || Harris Corporation, IBM Corporation, Microsoft Corporation, Oracle Corporation, BAE Systems PLC
Artificial Intelligence In Military Market
As per the artificial intelligence in military market report by The Business Research Company, the increase in spending on defense is driving the growth of artificial intelligence in the 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 the military market.
The global artificial intelligence in military market size grew from $7.28 billion in 2022 to $8.58 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The artificial intelligence in military market size is expected to grow to $15.09 billion in 2027 at a CAGR of 15.1%.
Read More On The Artificial Intelligence In Military Market Report Here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-military-global-market-report
Major competitors in the artificial intelligence in military market include Charles River Analytics Inc., BAE Systems PLC., Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, Harris Corporation, IBM Corporation, Rafael Advanced Defense Systems, Microsoft Corporation, Oracle Corporation, Amazon Web Services Inc.
The artificial intelligence in military market is segmented -
• By Offering: Hardware, Software, Service
• By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Intelligent Virtual Agent (IVA) or Virtual Agents, Other Technologies
• By Platform: Land, Naval, Airborne
• By Installation: New Procurement, Upgradation
• By Application: Information Processing, Simulation and Training, Warfare Platform, Threat Monitoring and Situational Awareness, Cyber Security, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the artificial intelligence in military market.
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The artificial intelligence in the military market consists of sales of artificial intelligence in the military services such as facial recognition, language translation, remotely operated weapon stations, robotic mine detectors, and intrusion detection services. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence in the military market also includes sales of sensor, drone, detector, computers equipment's which are used in providing artificial intelligence in the military. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The Table Of Content For The Artificial Intelligence In Military Market Include:
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. Artificial Intelligence In Military Market Size And Growth
6. Artificial Intelligence In Military Market Segmentation
.............
27. Artificial Intelligence In Military Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence In Military Market
29. Artificial Intelligence In Military Market Future Outlook And Potential Analysis
30. Appendix
The "Global Artificial Intelligence In Military Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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