Artificial Intelligence (AI) in the Military Market is Projected to Reach $14.39 Billion By 2030 With a CAGR of 11.99%; AI Dominance May Be Evident in the Industry

Market Insights-

According to MRFR The global Artificial Intelligence in the Military market industry is expected to register a CAGR of 11.99% during the forecast period 2022 - 2030 hold a value of over USD 14.39 Billion by 2030.

The AI in military market refers to the use of artificial intelligence (AI) technologies in various aspects of military operations, including planning, decision-making, communication, logistics, and battlefield management. This market includes the development, implementation, and deployment of AI-based systems and tools for use by military personnel and organizations, as well as the services and solutions provided by technology vendors and service providers in this field. The use of AI in the military is aimed at enhancing the effectiveness, efficiency, and safety of military operations, and it encompasses a wide range of technologies, such as machine training, natural language processing.

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COVID-19 On the one hand, the pandemic has accelerated the adoption of AI in the military as organizations seek to enhance their operational readiness and resilience. The use of AI-based tools for remote communication and collaboration, logistics management, and decision-making has become increasingly important as military operations have become more decentralized and distributed On the other hand, the pandemic has also created challenges for the AI in military market, particularly with regard to supply chain disruptions and economic uncertainties. Drivers include Need for improved operational efficiency and effectiveness, Growing demand for autonomous systems, Increasing focus on data analytics, Advancements in AI technologies, Geopolitical tensions and rising defense budgets. Restraints include Concerns around safety and ethics, Lack of skilled personnel, High costs of development and deployment, Regulatory and legal issues, Limited interoperability.

Regional Analysis-

North America is expected to be the largest market for AI in the military due to the significant investments made by the US Department of Defense in this area. The region has a large number of defense contractors, technology companies, and research institutions that are working on developing AI-based solutions for the military. The Asia-Pacific region is expected to be the fastest-growing market for AI in the military due to the increasing defense spending by countries such as China and India.

Market Segmentation-

By offering, the artificial intelligence in the military market can be segmented into hardware, software, and software.

By Technology, the market can be segmented into advanced computing, and AI systems.

By platform, the market can be segmented into air-based, land-based, naval, and space-based.

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Key Companies in the Artificial Intelligence (A.I.) In Military market include -

BAE Systems Plc. (U.K.)
Northrop Grumman Corporation (U.S.)
Raytheon Technologies Corporation (U.S.)
Lockheed Martin Corporation (U.S.)
Thales Group (U.S.)
L3Harris Technologies Inc. (U.S.)
IBM (U.S.)
Rafael Advanced Defense Systems (Israel)

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Artificial Intelligence (A.I.) In Military Industry Developments -
On July 27, 2023
Sarcos Technology and Robotics Corporation has expanded its contract with the Air Force Research Laboratory to develop AI-driven drone sensor techniques for autonomous control of a Heterogeneous Sensing Network, improving operations, safety, data collection, and communication.

On July 28, 2023
The United States military said that it is working to accelerate the acquisition and implementation of artificial intelligence. As part of the Pentagon's aim to boost the use of AI and ML, the Department of Defense is speeding up procurement and improving data integration. The tactical and operational benefits of AI and machine learning have driven the US Department of Defense to deepen and accelerate their deployment across all services and organizations.

On July 26, 2023
Allison Transmission, a leading manufacturer of vehicle propulsion solutions, has partnered with American Rheinmetall Vehicles, Lynx Textron Systems, Raytheon, L3Harris Technologies, and Anduril Industries to provide the Allison eGen Force electric hybrid system for ARV's Lynx prototype.

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