Press release
Artificial Intelligence in Military Market Financial Insights, Business Growth Strategies | BAE Systems Plc., Northrop Grumman Corporation, Thales Group
According to a recent report published by Exactitude Consultancy, titled, "Artificial Intelligence in Military Market by Offering (Hardware, Software, Services), Platform (Airborne, Land, Naval, Space), Installation (New Procurement, Upgrade), Application (Cyber Security, Battlefield Healthcare, Logistics and Transportation, Information Processing, Warfare Platform), Technology (Advanced Computing, AI Systems, Learning and Intelligence) and Region, Global trends and forecast from 2022 to 2029". Global Artificial Intelligence in Military Market Research Report 2023 CAGR Status, Size, Industry Share, Interaction, Revenues , Development Strategy, Key Players, Competitive Landscape, Dynamics, competitive share analysis, consumption by regions, business development, technologies and growth trends, demand status and future product.
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✔ A summary of the research work.
✔ Table of Contents The study's depth of coverage
✔ Market participants at the forefront
✔ The research framework of the report's structure
✔ Exactitude Consultancy' research methodology
The report on the Artificial Intelligence in Military Market includes:
Authoritative insights into the Artificial Intelligence in Military Market Size
Key industry trends
Strategies adopted by major players
Dominating regions
Recent Developments
In January 2021, SoarTech has been awarded a contract from the US Air Force to develop automatic speech recognition and cognitive agent training capability in support of the Air Force Warning and Control System (AWACS) mission.
In December 2020, Boeing (US) completed the testing of five high-performance autonomous surrogate jets with capabilities to 'teach' the aircraft's brain to understand, analyze, and communicate with other platforms during missions.
In December 2020, CACI International Inc. acquired Ascent Vision Technologies, LLC (AVT) to support multi-domain intelligence, surveillance, and reconnaissance (ISR), air defense, unmanned aircraft system (UAS), and counter-unmanned aircraft system (c-UAS) operations.
In December 2020, RAFAEL Advanced Defense Systems Ltd (Israel) secured a USD 200 million contract from a leading Asian country for its SPICE 2000 air-to-surface systems, Spike ATGMs, tactical, electro-optically guided missiles, and advanced communication systems.
In November 2020, Raytheon partnered with C3.ai to develop artificial intelligence solutions for aerospace and defense missions for government customers, including the US Air Force and the intelligence community.
In November 2020, IBM (US) acquired Instana (US) to develop capabilities to use AI to better manage the complexity of modern applications that span the hybrid cloud landscape and strengthen cybersecurity
Overview of Artificial Intelligence in Military Market Analysis:
Market Size 2022: US $ 6.3 Billion
Market Size by 2029: US $ 19.08 Billion
CAGR (%): 13.1
Forecast Year: 2023-2029
Base Year: 2022
Prominent companies profiled in the Artificial Intelligence in Military Market report are:
BAE Systems Plc., Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Rafael Advanced Defense Systems, IBM, Charles River Analytics Inc., Boeing Company and others.
Highlights of the Artificial Intelligence in Military Market Report:
Artificial Intelligence in Military Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies
Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Artificial Intelligence in Military Market
Competitive Assessment: In-depth assessment of the Artificial Intelligence in Military Market strategies, geographic and business segments of the leading players in the industry.
Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market
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Exactitude Consultancy follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the Artificial Intelligence in Military Market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.
Growth rate or CAGR exhibited by a Artificial Intelligence in Military Market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, Artificial Intelligence in Military Market and technological developments, market trends, etc.
Customization Available: Global Artificial Intelligence in Military Market
Exactitude Consultancy is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The Artificial Intelligence in Military Market report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Artificial Intelligence in Military Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
Statistical Analysis
The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our subject experts gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.
We provide statistical modelling, inferential statistical analysis, descriptive statistical analysis, and predictive analysis among various other types of studies. Thus, we provide customized reports with data preparation, management, and analysis. We also have a continuous feedback system, wherein our team ensures that new Artificial Intelligence in Military Market developments are accurately incorporated in the previous databases.
Surveys And Discussion with Industry Leaders
Conducting primaries of industrial experts and subject experts is one of the most important steps of our research analysis. It is a continuous process and is carried out at each level along the value chain. To ensure that the Artificial Intelligence in Military Market estimates are unbiased and depict the actual market scenario, we carry out questionnaires-based research and telephonic discussions with raw material suppliers and manufacturers, product manufacturers and distributors. Additionally, we also cover insights from representatives of regulatory bodies and industry associations.
With the help of insights collected from industrial experts, we are able identify Artificial Intelligence in Military Market segments and key parameters including spending habits of consumers, raw material and production trends, pricing mechanism, and expansion plans of market players. This helps us in providing an-depth analysis of the concerned market.
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About Us
Exactitude Consultancy is a Market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or a custom requirement, our team is here to help you in the best possible way.
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