Press release
Artificial Intelligence in Military Market Analysis: $19.41 Billion by 2029 With a CAGR of 14.8%
Artificial Intelligence in Military Market
Artificial Intelligence in Military Market Value Projection: How Much Will the Market Size by 2025?
The size of the artificial intelligence market in the military sector has seen a rapid enlargement in the recent past. The market, which is projected to swell from $9.67 billion in 2024 to $11.19 billion in 2025, is expected to register a compound annual growth rate (CAGR) of 15.7%. The previous growth trend in this market can be attributed to factors like heightened cybersecurity threats, increasing availability of data, a surge in budgetary allocations, escalating threat perceptions, and overall economic growth.
What Will Be the Market Growth Forecat for Artificial Intelligence in Military in 2029?
The market size for artificial intelligence in the military is projected to undergo a swift expansion in the coming years, reaching a value of $19.41 billion in 2029 with a compound annual growth rate (CAGR) of 14.8%. This substantial growth anticipation during the forecast period is linked to geopolitical instabilities, increased research and developmental activities, an expanding defense and military sector, escalated government backing, and growing industrial automation. The forecast period also identifies significant trends such as industry alliances, cooperation between humans and machines, dual-use technologies, cognitive electronic warfare, and swarm technology.
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What Are the Core Competitive Drivers in the Artificial Intelligence in Military Industry?
The expansion of the artificial intelligence in the military market is propelled by escalating defense expenditure. Artificial intelligence alludes to the replication of human intellectual prowess in machines, which are programmed to replicate and impersonate human movements. The majority of governments have instituted specialized departments or organizations explicitly engineered to cultivate new competencies in addition to planning, launching, and incorporating AI capabilities into military apparatus. For instance, the Stockholm International Peace Research Institute, an institution based in Sweden, stated in April 2024 that global spending on the military escalated to roughly $2.29 trillion in 2022. This figure further rose to $2.44 trillion in 2023, signifying a 6.8% growth from the previous year. Consequently, enhanced defense spending propels the progression of artificial intelligence in the military market.
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Which Artificial Intelligence in Military Market Segment Is Projected to See the Fastest Growth?
The artificial intelligence in military market covered in this report is segmented -
1) By Offering: Hardware, Software, Service
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Intelligent Virtual Agent (IVA) or Virtual Agents, Other Technologies
3) By Platform: Land, Naval, Airborne
4) By Installation: New Procurement, Upgradation
5) By Application: Information Processing, Simulation and Training, Warfare Platform, Threat Monitoring and Situational Awareness, Cyber Security, Other Applications
Subsegments:
1) By Hardware: AI-Powered Sensors, Robotics and Drones, Computing Hardware (GPUs, TPUs), Network Infrastructure
2) By Software: AI Algorithms and Models, Machine Learning Software, Data Analytics Software, Cybersecurity Software
3) By Service: AI Integration Services, Consulting Services, Maintenance and Support Services, Training and Development Services
Which Trends Are Opening New Opportunities in the Artificial Intelligence in Military Market?
The rise in technological innovation is a significant trend being observed within the artificial intelligence in military market. Key players within this market are heavily focusing on the development of inventive technologies to consolidate their standing. To cite an example, in July 2022, Raytheon Technologies, a defense and aerospace firm based in the United States, collaborated with another US firm, C3 AI's application platform. Their joint effort aimed to provide advanced AI and ML competencies for the US Army's Tactical Intelligence Targeting Access Node (TITAN) program. The TITAN program is designed to interpret data from high-altitude and space using terrestrial and aerial sensors to offer targetable data and situation awareness.
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Who Are the Leaders in the Artificial Intelligence in Military Market?
Major companies operating in the artificial intelligence in military market include Charles River Analytics Inc., BAE Systems PLC., Northrop Grumman Corporation, RTX Corporation, Lockheed Martin Corporation, Thales Group, Harris Corporation, International Business Machines Corporation, Rafael Advanced Defense Systems, Microsoft Corporation, Oracle Corporation, Amazon Web Services Inc., SAS Institute, Meta Platforms Inc., SAP SE, Salesforce Inc., Baidu Inc., SoarTech, Google LLC, NVIDIA Corporation, Intel Corporation, General Dynamics Corporation, Rolls-Royce Holdings plc, General Electric Aviation, Safran S.A., Israel Aerospace Industries, Triumph Group Inc., Boeing Co., Airbus SE, Leonardo S.p.A., L3Harris Technologies Inc., Elbit Systems Ltd., Rheinmetall AG, Collins Aerospace, Kongsberg Gruppen
Which Regional Artificial Intelligence in Military Markets Offer the Greatest Growth Potential?
North America was the largest region in the artificial intelligence in military market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in military market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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