Artificial Intelligence And Robotics In Aerospace and Defense Market Size, Trends, Outlook, Insights, Overview 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Artificial Intelligence And Robotics In Aerospace and Defense Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $36.46 billion In 2028 At A CAGR Of 10.6% :

The artificial intelligence and robotics in aerospace and defense market size has grown rapidly in recent years. It will grow from $22.04 billion in 2023 to $24.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to automation for efficiency, enhanced situational awareness, military modernization programs, global security concerns, cost reduction.

The artificial intelligence and robotics in aerospace and defense market size is expected to see rapid growth in the next few years. It will grow to $36.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to autonomous systems integration, adoption of ai in maintenance, customization and flexibility, swarm intelligence, advanced surveillance and reconnaissance. Major trends in the forecast period include international collaboration, advanced drone technologies, ai in cybersecurity, human-robot collaboration, rapid technological advancements.

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Artificial Intelligence And Robotics In Aerospace and Defense Market Major Segments
The artificial intelligence and robotics in aerospace and defense market covered in this report is segmented -

1) By Type: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Intelligent Virtual Agent (IVA) Or Virtual Agents, Other Technologies
3) By Application: Military, Commercial Aviation, Space

Key Driver - Elevated Defense Expenditure Fuels Surge In Artificial Intelligence And Robotics Growth In Aerospace And Defense Market

The increasing defense expenditure is expected to propel the growth of artificial intelligence and robotics in the aerospace and defense market going forward. Defense expenditure, or military expenditure refers to the total amount of financial resources that a government allocates to fund its military forces, defense-related activities, and national security initiatives. Defense expenditure is used in advancing artificial intelligence (AI) and robotics capabilities within the defense and aerospace sectors to enhance military capabilities, improve operational efficiency, and contribute to national security. For instance, in April 2023, according to the Stockholm International Peace Research Institute, a Sweden-based institute and independent resource on global security, world military expenditure increased by 3.7% in real terms in 2022 to reach a record high of $2,240 billion. Further, military expenditure in Europe rose by 13% during the year. US military spending also increased by 8.8% in nominal terms between 2021 and 2022, but real spending increased by 0.7% over that same time due to an 8.1% inflation rate. Therefore, increasing defense expenditure is driving the growth of artificial intelligence and robotics in the aerospace and defense market.

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Prominent Trend - Key Players Unveiling Groundbreaking And Semi-Autonomous Robotic Ground Vehicle To Redefine Defense Capabilities

Major companies operating in artificial intelligence and robotics in the aerospace and defense markets are focusing on introducing advanced robotic systems, such as unmanned ground vehicles, to gain a competitive edge in the market. An unmanned ground vehicle (UGV) is a robotic system that operates on land without an onboard human operator. For instance, in May 2021, the Israel Defense Forces, an Israel-based national military institution, in partnership with Israel Aerospace Industries (IAI), an Israel-based aerospace and defense company, launched Jaguar, its new semi-autonomous robotic ground vehicle and one of the first military robots in the world that can replace soldiers on the border. It is a revolutionary robotic system that is equipped with dozens of sensors, an automated driving system, advanced fire capabilities, and a public address (PA) system. The robot makes use of bright headlights, transmitters, high-resolution cameras, and a remote-controlled PA system. It can also self-destruct if it ends up in the hands of an adversary. The Jaguar's semi-autonomous technology is its most distinctive feature. With the use of sensors and a sophisticated driving system, the robot can go autonomously to a predefined location, all the while maintaining complete operational control over its operators and commanders.

Artificial Intelligence And Robotics In Aerospace and Defense Market Players
Major companies operating in the artificial intelligence and robotics in aerospace and defense market report are Microsoft Corporation, Raytheon Technologies Corporation, Boeing Company, Lockheed Martin Corporation, Intel Corporation, Airbus SE, IBM Corporation, ThyssenKrupp, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Nvidia Corporation, BAE Systems, Thales Group, Rolls-Royce, Leidos, Elbit Systems, Israel Aerospace Industries, T-Systems International GmbH, Safran, Indra Sistemas SA, QinetiQ, SITA, Spark Cognition, GE Aviation, Iris Automation Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the artificial intelligence and robotics in aerospace and defense market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence and robotics in aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence And Robotics In Aerospace and Defense Market Report Structure
3. Artificial Intelligence And Robotics In Aerospace and Defense Market Trends And Strategies
4. Artificial Intelligence And Robotics In Aerospace and Defense Market - Macro Economic Scenario
5. Artificial Intelligence And Robotics In Aerospace and Defense Market Size And Growth
…..
27. Artificial Intelligence And Robotics In Aerospace and Defense Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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