Press release
Artificial Intelligence in Military Market is Forecasted to Reach US$ 15.62 Billion in 2029, Says Stratview Research
Stratviiew Research
Stratview Research, a global market research firm has launched a report on the global artificial intelligence in military market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/3277/artificial-intelligence-in-military-market.html#form
Report Highlights:
Market Size in 2029: US$ 15.62 billion
Growth (CAGR): 13.1% during 2023-2029
Forecast Period: 2023-2029
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Artificial Intelligence in Military Market:
The global artificial intelligence in military market is segmented based on offering type, application type, technology type, platform type, installation type, and region.
Based on platform type - The space segment of the Artificial Intelligence in military market is to grow at the highest CAGR over the forecast period. The space segment of the AI in military market is anticipated to experience the highest CAGR during the forecast period, based on the platform. The space AI segment is made up of CubeSats and satellites. AI systems for space platforms consist of multiple satellite subsystems that serve as the foundation for various communication systems. The incorporation of AI into space platforms enables efficient communication between spacecraft and ground stations.
Based on offering type - The software segment of the artificial intelligence in military market to witness the highest CAGR during the forecast period. The software segment is expected to experience the highest CAGR during the forecast period based on offering. Technological advancements in the field of AI have led to the creation of advanced AI software and related software development kits.
To know the most attractive segments, click here:
https://stratviewresearch.com/3277/artificial-intelligence-in-military-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North American market to contribute the largest share from 2023 to 2029 in the artificial intelligence in military market. This growth outlook is majorly attributed to the following-
• The North American region, particularly the US and Canada, are essential countries for market analysis. This region is expected to lead the market between 2023 and 2029 due to the increased investments in AI technologies by the countries in the region.
• The US is leading this market, investing heavily in AI systems to maintain its combat superiority and reduce the risk of potential threats on computer networks. The US plans to increase its spending on AI in the military to gain a competitive edge over other countries.
• The US is recognized as one of the primary manufacturers, exporters, and users of AI systems globally, with the strongest AI capabilities. Key manufacturers of AI systems in the US include Lockheed Martin, Northrop Grumman, L3Harris Technologies, Inc., and Raytheon. The new defense strategy of the US highlights an increase in AI spending to include advanced capabilities in existing defense systems of the US Army to counter incoming threats.
Artificial Intelligence in Military Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing Threats of Cyber Attacks
• Increasing government expenditure on defense to improve AI capabilities
Top Companies in the Artificial Intelligence in Military Market:
Stratview Research has identified the following companies as the top market players.
• BAE Systems Plc
• Boeing Company
• Caci International Inc.
• Charles River Analytics
• Darktrace Limited
• General Dynamics Corporation
• Honeywell International Inc.
• International Business Machines Corp (IBM)
• Lockheed Martin Corporation
• Leonardo S.P.A (Leonardo)
• Leidos Holdings Inc(Leidos)
• Lharris Technologies, Inc.
• NVIDIA Corporation
• Northrop Grumman Corporation
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corporation
• Rheinmetall AG
• Shield AI
• Science Applications International Corp (Saic)
• SAAB AB
• Soar Technologies Inc.
• Sparkcognition Inc
• Safran SA
• Sz Dji Technology
• Thales Group
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Artificial Intelligence in Military Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Artificial Intelligence in Aviation Market: https://stratviewresearch.com/3348/artificial-intelligence-in-aviation-market.html
• Artificial Intelligence in BFSI Market: https://stratviewresearch.com/3266/artificial%20intelligence-in-bfsi-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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