Press release
Artificial intelligence in Defense Market Will Robust Growth in Future by Top Manufacturers Analysis and Forecast 2028 - BAE Systems Plc,International Business Machines Corp,Leidos Holdings Inc
The defense industry is widely changing with the adoption of advanced technologies such as artificial intelligence (AI), machine learning, quantum computing, space-based telecommunications, and robotics. The rise in threats due to wars and cyberattacks in the defense industry has supported the implementation of the technologies by land, sea, and naval-based military forces. The application of AI and autonomous systems helps these military forces to gain information about battlefield situational awareness and efficiently operate precision-guided weapons systems.
Artificial intelligence in defense market was valued at US$ 6.91 billion in 2022 and is expected to reach US$ 13.15 billion by 2028; it is expected to register a CAGR of 11.7% from 2023 to 2028.
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Artificial intelligence in defense refers to the integration of advanced technologies with defense equipment to increase its efficiency and applications. In several developed countries, the defense sector receives the investments from the government. For instance, according to SIPRI, the US military expenditure increased to US$ 876.9 billion in 2022 from US$ 806.2 billion in 2021. These investments are used in the research and development of new technologies and for developing advanced equipment that can be used during battles or wars. Artificial intelligence equipped with defense systems is capable of handling large volumes of data efficiently.
Artificial intelligence in Defense Regional Growth- 2023-2028
The report segments the global Artificial intelligence in Defense market as follows:
By component, the artificial intelligence in defense market is segmented into hardware, software and services. The software segment held the largest market share in 2022 and is expected to continue its dominance until 2028. Artificial intelligence hardware is a specialized hardware accelerator or computer system that speeds up artificial intelligence and machine learning applications such as artificial neural networks and machine vision. Using algorithms for robots, the Internet of Things, and other data-intensive or sensor-driven technologies on the hardware components enhances the capabilities of military technologies. Companies are providing an extensive range of AI hardware products for various defense operations.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Artificial intelligence in Defense market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Artificial intelligence in Defense market segments and regions.
Scope of the Report
The research on the Artificial intelligence in Defense market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Artificial intelligence in Defense market on the basis of end user, product type, application, and demography for the forecast period 2023-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Artificial intelligence in Defense market during the forecast period, i.e., 2023-2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
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Major highlights of the report:
• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Study of niche industrial sectors
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market
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If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
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 are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.
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