Artificial Intelligence in Military Market by Offering, Application, Technology, Platform, Installation & Region | Forecast 2023 to 2033
Artificial intelligence in military market is predicted to be worth US$ 8.35 billion in 2023 and rise to US$ 27.84 billion by 2033. Initially, the global market was expanding at a CAGR of 10% from 2018 to 2022.
As artificial intelligence for predictive maintenance in cutting-edge military equipment improves further, the industry is likely to experience huge growth opportunities. Due to the growing threat of cyberattacks, as well as the growing use of AI in various applications, it is anticipated that the use of AI in cybersecurity is likely to increase.
The future potential is unimaginable without integrating quantum physics into AI. Systems and software engineering ideas are combined in the disciplines of training and simulation to create models that can help soldiers train on different fighting systems utilized in military operations.
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Numerous companies research cutting-edge AI applications in the aviation industry. Artificial intelligence (AI) technologies have continually helped factories that produce aircraft and their components in the Asia Pacific region. To improve decision-making during actual combat, the European government extensively invested in the development of information management technologies.
Key Takeaways
Critical Approaches Increasing Top Players’ Wealth
International Business Machines Corporation, L3Harris Technologies Inc., BAE Systems Plc., Rafael Advanced Defense Systems, and SparkCognition are important players in the market.
The market is characterized by strong competition, with a few big global competitors owning a significant market share. Due to the evolving needs of the world’s armed forces, the development of new products and cooperation among the key players are the main areas of focus.
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Recent Developments
Key Segments
By Offering
By Application
By Technology
By Platform
By Installation
By Region
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Apr 10, 2023