Artificial Intelligence In Military Market Set to Surge - Key Insights You Must Know

Artificial Intelligence In Military Market Size

The global market for Artificial Intelligence In Military was estimated to be worth US$ 7219.3 million in 2023 and is forecast to a readjusted size of US$ 15630 million by 2030 with a CAGR of 11.5% during the forecast period 2024-2030

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Artificial intelligence is not a weapon. Instead, artificial intelligence, from a military perspective, is an enabler, much like electricity and the combustion engine. The potential promise of AI-including its ability to improve the speed and accuracy of everything from logistics to battlefield planning and to help improve human decision-making-is driving militaries around the world to accelerate their research into and development of AI applications.

China and the United States are two leaders in AI industry. On the AI 100 list (2022) released by CB Insights, the number of companies in the United States ranks first, with more than 70 companies, followed by the United Kingdom, with 8 companies on the list. China and Canada both holds 5 companies on the list. According to data from the China Academy of Information and Communications Technology, the scale of China's core artificial intelligence industry reached ¥508 billion in 2022, a year-on-year increase of 18%. From 2013 to November 2022, the cumulative number of patent applications for artificial intelligence inventions in the world reached 729,000, and the cumulative number of applications in China reached 389,000, accounting for 53.4%. However, the Global Artificial Intelligence Innovation Index Report 2021 released by the China Institute of Scientific and Technological Information shows that the overall strength of the United States is still far ahead. The number of artificial intelligence companies in the United States is about 4,670, while China has only 880. China's data center is less than 1/37 of that of the United States.

By Type
• Learning and Intelligence
• Advanced Computing
• AI Systems

By Application
• Information Processing
• Cyber Security

Key Companies
Lockheed Martin, Raytheon, Northrop Grumman, IBM, Thales Group, General Dynamics, NVIDIA, BAE Systems, Leidos, SAIC, SparkCognition, Charles River Analytics, L3 Harris

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