Innovative Insights: Unveiling the Future Landscape of Artificial Intelligence in Modern Warfare Market

The artificial intelligence in modern warfare market size has grown exponentially in recent years. It will grow from $4.53 billion in 2023 to $6.38 billion in 2024 at a compound annual growth rate (CAGR) of 40.8%. The growth in the historic period can be attributed to military modernization programs, geopolitical tensions, increased use of unmanned systems, evolving threat landscapes, growing demand for autonomous systems in warfare.

The artificial intelligence in modern warfare market size is expected to see exponential growth in the next few years. It will grow to $22.63 billion in 2028 at a compound annual growth rate (CAGR) of 37.2%. The growth in the forecast period can be attributed to development of autonomous weapons systems, emphasis on cyber warfare capabilities, rising investment in defense ai research, adoption of ai for decision support, increasing focus on data analytics in warfare. Major trends in the forecast period include development of explainable ai in military applications, use of ai for predictive maintenance in defense systems, integration of ai in military training programs, growth of ai-powered command and control systems, deployment of ai for logistics and supply chain optimization in the military.

Market Overview -
Artificial intelligence (AI) in modern warfare refers to developing and deploying various technologies that leverage artificial intelligence to improve accuracy and safety in military operations, enabling autonomous decision-making, improved intelligence collection, and improved surveillance, targeting, logistics, and cybersecurity capabilities. It entails creating and using artificial intelligence (AI)-driven machines and systems to support human military troops and improve overall effectiveness and efficiency on the battlefield.

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The Role Of Artificial Intelligence In Modern Warfare Amidst Escalating Cybersecurity Threats
The growing threat of cyberattacks is expected to propel the growth of artificial intelligence in the modern warfare market going forward. 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. For instance, in March 2023, according to the Internet Crime Complaint Center Releases 2022 Statistics, published by the Federal Bureau of Investigation, a US-based intergovernmental organization, there were 847,376 complaints received as of 2021 about a variety of online frauds, resulting in a loss of $6.9 billion. Therefore, the growing threat of cyberattacks is driving the growth of artificial intelligence in the modern warfare market.

Competitive Landscape -
Major companies operating in the artificial intelligence in modern warfare market report are Microsoft Corporation, Raytheon Technologies Corporation, Boeing Co., Lockheed Martin Corporation, International Business Machines Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A, Textron Inc., Booz Allen Hamilton Holding Corporation, Science Applications International Corporation Inc., Rheinmetall AG, CACI International Inc., Elbit Systems Ltd., Rafael Advanced Defense Systems Limited, General Atomics Aeronautical Systems Inc., Qinetiq Ltd., Palantir Technologies Inc., Teledyne FLIR LLC, Shield AI Inc., SparkCognition Inc., Roboteam Inc., Stryke Industries LLC

Advancing Technological Landscape In Modern Warfare
Technological advancements are a key trend gaining popularity in artificial intelligence in the modern warfare market. 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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Key Segments -

The artificial intelligence in modern warfare market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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