Press release
Artificial Intelligence In Modern Warfare Market Size, Share, Revenue, Trends, Drivers And Forecast To 2032
Artificial Intelligence In Modern Warfare Market Analysis
The Business Research Company's Artificial Intelligence In Modern Warfare Global Market Report 2023 identifies growing threat of cyberattacks as the major driver for the artificial intelligence in modern warfare market's growth in the forecast period. A cyberattack is any attempt to acquire unauthorized access to a computer, computing system, or computer network to cause damage. Artificial intelligence in modern warfare can primarily be utilized for defensive purposes to enhance cybersecurity and protect against cyber threats, ensuring the safety and effectiveness of AI-enabled defense systems.
The global artificial intelligence in the modern warfare market is expected to grow from $3.21 billion in 2022 to $4.53 billion in 2023 at a compound annual growth rate (CAGR) of 41.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence in the modern warfare market is expected to reach $16.70 billion in 2027, at a CAGR of 38.5%.
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Major competitors in the artificial intelligence in modern warfare market are Microsoft Corporation, Raytheon Technologies Corporation, Boeing Co., Lockheed Martin Corporation, International Business Machines Corporation.
A key trend in the artificial intelligence in modern warfare market includes technological advancement. Major companies operating in artificial intelligence in the modern warfare market are adopting new technologies to sustain their position in the market. For instance, in May 2022, Milrem Robotics, an Estonia-based robotics and autonomous systems developer and systems integrator, launched the THeMIS Observe, an autonomous ISR (intelligence, surveillance, and reconnaissance) UGV (unmanned ground vehicle). The system incorporates the ROSY (rapid obscuring system), the Z Sparrowhawk camera, the Squire radar, the Metravib defense pearl acoustic shot detection, and a mast. These advanced systems allow units to perform multi-sensor identification on a single platform and react quicker to new targets.
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The artificial intelligence in modern warfare market is segmented -
1) By Type: Weaponized Artificial Intelligence, Defensive Artificial Intelligence, Offensive Artificial Intelligence, Assisting Artificial Intelligence, Autonomous Artificial Intelligence
2) By Type Of Equipment: Unmanned Aerial Vehicle, Unmanned Ground Vehicle, Combat Systems, Recovery And Maintenance Vehicle, Reconnaissance And Surveillance Vehicle, Medical Evacuation Vehicle
3) By Application: Tactical Defensive, Military Offensive
• 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 modern warfare market.
The Business Research Company's "Global Artificial Intelligence In Modern Warfare Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Artificial Intelligence In Modern Warfare Market Include:
1. Executive Summary
2. Artificial Intelligence In Modern Warfare Market Characteristics
3. Artificial Intelligence In Modern Warfare Market Trends And Strategies
4. Artificial Intelligence In Modern Warfare Market - Macro Economic Scenario
5. Global Artificial Intelligence In Modern Warfare Market Size and Growth
………
32. Global Artificial Intelligence In Modern Warfare Market Competitive Benchmarking
33. Global Artificial Intelligence In Modern Warfare Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence In Modern Warfare Market
35. Artificial Intelligence In Modern Warfare Market Future Outlook and Potential Analysis
36. Appendix
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