Global Artificial Intelligence in Military Market size is projected to be valued $18.8 Billion by 2025; with a CAGR of 14.9% from 2017 to 2025. Artificial intelligence is the capability of a computer system to perform tasks such as visual perception, improving the capabilities of many smart combat systems, speech recognition, and decision-making that generally require human intelligence. This technology includes deep learning and machine learning. is becoming a vital part of modern warfare and many of the world's most powerful countries are increasing their investments in this field.
Advancing computing power, and growing occurrence of chipsets supporting artificial intelligence are the drivers fueling the market growth. In addition, rising adoption of cloud services by militaries have also stimulated the growth of the market. However, unavailability of structured data is the restraint of the market. Moreover, rising operational efficiency of autonomous systems would provide lucrative opportunities to the market.
The global artificial intelligence in military market is segmented on the basis of platform, application, offering, technology, and geography. Platform segment is classified into naval, airborne, land, and space. Application segment comprises warfare platform, cyber security, logistics & transportation, target recognition, battlefield healthcare, simulation & training, planning & allocation, threat monitoring & situational awareness, information processing and other applications. By offering, the market is classified into software, hardware and services. Furthermore, technology segment is bifurcated into advanced computing, AI systems, and learning & intelligence.
Based on geography, the global artificial intelligence in military market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market are Northrop Grumman Corporation, Thales Group, IBM Corporation, BAE Systems, Lockheed Martin Corporation, Raytheon Company, Dynamics Corporation, SoarTech, NVIDIA Corporation, and SparkCognition Inc., among others.
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Scope of the Global Global Artificial Intelligence in Military Market