Artificial Intelligence And Robotics In Aerospace And Defense Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

According to a new report published by , titled, "Artificial Intelligence And Robotics In Aerospace And Defense Market," The artificial intelligence and robotics in aerospace and defense market was valued at $17.2 billion in 2021, and is estimated to reach $35.9 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

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AI, machine learning, and other intelligent aerospace technologies are used every day by businesses to improve safety, productivity, and visibility across an entire operation. AI can be used in aerospace and defense to track, schedule, and manage maintenance that orders parts and schedules repairs before they are needed with more detailed data tracking. AI systems analyses historical data on part use, breakdowns, wear and tear, and other factors to accurately predict when a part should be replaced and when to order those parts.

AI equips robots with sufficient computer vision and motion control to better understand their surroundings and act accordingly. Similarly, machine learning trains robots so that, with timely evolution, they learn from their own mistakes, eliminating the need for constant human intervention and parallel effort.

Artificial intelligence (AI) technologies are seeing increased investment in the aerospace and defense industries across a variety of applications. Because of the rapid development of quantum computing and its exponential capabilities, investing in AI technologies has become a strategic priority. With industry stakeholders focusing on exploring and leveraging the benefits of artificial intelligence, the majority of the A&D industry players' critical strategies investment in the coming future is expected to be in the R&D of AI, ML, and blockchain technologies. AI has accelerated innovation in the aerospace and defense industries, particularly in the last decade. The number of AI-related patents awarded in the aerospace and defense industry increased from an average of 25 per year between 2000 and 2014 to 1,071 in 2020, with a five-year average of over 500. During the forecast period, such investments are expected to drive market growth.

The growing use of AI-based technologies in the A&D sector, as well as increased investments to develop and integrate AI and machine learning (ML) into end-user sectors, are expected to drive the market in focus during the forecast period. However, the associated technical and operational challenges that are frequently observed during the early stages of development and adoption of a nascent technology are impeding AI-based technology adoption.

Due to the rising success rate of missions utilizing these technologies, usage of artificial intelligence and robotics has been rising across numerous industries. Advancements in robotics and artificial intelligence brought about by the emergence of industry 4.0 are assisting the market by incorporating cutting-edge technologies into robots utilized in various aerospace applications. Robotics and artificial intelligence (AI) are being developed for commercial aviation to automate airport operations and undertake aircraft monitoring tasks to better plan operations. To increase the effectiveness of maintenance operations is also being implemented into the maintenance, repair, and operations ( MRO) sector.

Nevertheless, due to the rising dependability of AI-based systems, the government and a number of other participants in the artificial intelligence and robotics business are boosting their investments in these fields. Such investments are anticipated to allow participants to increase their R&D expenditures, enabling businesses to continuously innovate and launch more effective and sophisticated AI and robotics technologies, hence enhancing the market under study's prospects.

The plethora of AI applications within the military sector, such as big data analytics for better decision-making, automated logistics through the integration of unmanned ground vehicles (UGV) and unmanned aerial vehicles (UAV), bioinspired robots (swarm AI and deep neural networks), underwater mines location through neural networks, and object location are expected to promote market growth over the forecast period.

Aerospace companies are using AI to improve fuel efficiency by optimizing fuel consumption during the most taxing parts of a flight and can even build custom profiles based on pilots, aircraft, location, weather, and other factors. AI is also used in the development of new aircraft parts to continue to improve designs that are more aerodynamic and lighter weight in order to improve fuel efficiency.

The artificial intelligence and robotics in aerospace and defense market is segmented on the basis of type, application, and region. As per type, the market is classified into hardware, software, and services. On the basis of application, the market is classified into military, commercial, and space. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).

The key players profiled in the study include Airbus SE, IBM Corporation, Boeing Company, GE Aviation, Thales Group, Lockheed Martin Corporation, Intel Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, and Microsoft Corporation. The major players in the market are actively engaged in the adoption of various strategies such as product launches and business expansion.

Key Market Insights

Based on type, the software sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing sub-segment during the forecast period.

Based on application, the military sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing sub-segment during the forecast period.

Based on region, the North America market registered the highest market share in 2021 and is projected to maintain its position during the forecast period.

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Artificial Intelligence And Robotics In Aerospace And Defense Market By Type (Hardware, Software, Services), By Application (Military, Commercial, Space): Global Opportunity Analysis and Industry Forecast, 2021-2031

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This release was published on openPR.