Navigating Artificial Intelligence in Military Market Dynamics: Understanding Growth and Sizing Trends

The global Artificial Intelligence (AI) for militarymarket size reached USD 6.50 billion in 2020 and is expected to register a revenue CAGR of 13.4% during the forecast period, according to latest analysis by Emergen Research. Increasing hostility and terrorism and political instability are expected to boost market revenue growth. Additionally, increasing government expenditure on research & development of AI enabled military weapons is expected to support market growth between 2021 and 2028. Currently, rising geopolitical tensions among countries and increasing Chinese actions are propelling various countries to modernize military technology using AI. Integrating AI will enable countries to conduct better surveillance in order to detect and prevent threats. Similarly, AI technology can be used to process a large amount of data and facilitate better decision-making during times of conflict. These are some major factors driving growth of the global AI for military market revenue.

The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.

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The leading market contenders listed in the report are:

Lockheed Martin Corporation, NVIDIA Corporation., BAE Systems, Inc., Northrop Grumman Corporation., Raytheon Technologies, General Dynamics Corporation, Textron Inc., SparkCognition Government Systems, Arkray, Inc., and Leidos Inc

The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

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Market Overview:

The report bifurcates the Artificial Intelligence in Military market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Offering Outlook (Revenue, USD Billion; 2018–2028)

  • Software
    1. Artificial Intelligence Solutions
    2. Artificial Intelligence Platforms
  • Hardware
    1. Processor
    2. Network
    3. Memory
  • Services
    1. Software Assistance
    2. Upgradation & Maintenance
    3. Deployment & Integration

• Platform Outlook (Revenue, USD Billion; 2018–2028)

  • Land
    1. Autonomous Combat Vehicles
    2. Unmanned Ground Vehicle
    3. Autonomous Combat Robots
  • Sea
    1. Unmanned Maritime Vehicles
    2. Anti-Missile Technology
    3. Ship Navigation Systems
  • Air
    1. Unmanned Aerial Vehicles
    2. Aircraft Maintenance
    3. Cognitive Electronic Warfare
  • Space
    1. Satellite Data Processing
    2. Intelligent Navigation Systems
    3. AI Assistant Robots
    4. Space Exploration

• Application Outlook (Revenue, USD Billion; 2018–2028)

  • Reconnaissance and Intelligence Gathering
  • Surveillance and Counterinsurgency
  • Information Processing
  • Cyber Security
  • Threat Analysis
  • Warfare Simulation

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.

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Regional Analysis Covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Artificial Intelligence in Military Market report:

1. The latest report comprehensively studies the global Artificial Intelligence in Military market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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