FEATURED COMPANIES
- BAE Systems
- Boeing
- General Dynamics
- Harris Corporation
- IBM
- Machine Halo
Key Questions Answered in this Report:
- What are the trends in the global military artificial intelligence and cybernetics across different regions?
- What are the major driving factors in the global military artificial intelligence and cybernetics market during the forecast period 2019-2024?
- What are the major challenges inhibiting the growth of the global military artificial intelligence and cybernetics?
- Which application type (cybersecurity, warfare platform, surveillance, autonomous weapons and targeting system, battlefield healthcare, simulation, and others (threat monitoring and situational awareness, information processing, target recognition) of the global military artificial intelligence market dominated in 2018, and what would be the expected scenario by 2024?
- What was the revenue generated by the global military artificial intelligence market by platform, technologies, and services in 2018, and what would be the anticipated estimates by 2024?
- What was the aggregate revenue generated by the global military artificial intelligence market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) in 2018, and what would be the anticipated estimates by 2024?
- Who are the key players in the global military artificial intelligence and cybernetics market, and what are the new strategies adopted by the market players to make a mark in the industry?
- What major opportunities do the military artificial intelligence and cybernetics companies foresee in the next five years?
- What is the competitive strength of the key leading players in the military artificial intelligence and cybernetics market?
Global Military Artificial Intelligence Market Forecast, 2019-2024
The Global Military Artificial Intelligence Market report projects the market to grow at a significant CAGR of 18.66% on the basis of value during the forecast period from 2019 to 2024. North America dominated the global military artificial intelligence market with a share of 48.23% in 2019. North America, including the major countries such as the U.S., is the most prominent region for the military artificial intelligence market. In North America, the U.S. acquired a major market share in 2019 due to the major deployment of countermeasures in the defense sector in the country.
The global military artificial intelligence market has gained widespread importance owing to the rising adoption of artificial intelligence for the military operation. However, the lack of standard professional for the use of AI-integrated equipment and the rising cyber threat for military data are some of the factors that are restraining the market growth.
Expert Quote
“The rising demand for artificial intelligence for various military equipment across the different platforms is forcing the artificial intelligence solution provider to develop the products with more advanced technologies. Moreover, the increasing need for situational awareness and growing demand for cloud services in the military around the world are expected to drive the market.”
Scope of the Global Military Artificial Intelligence and Cybernetics Market
The market research provides detailed market information for segmentation on the basis of application, platform, technology, service, and region. The purpose of this market analysis is to examine the artificial intelligence and cybernetics market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market.
Market Segmentation
The military artificial intelligence market is further segmented into application, platform, technology, service, and region. The naval platform dominated the global military artificial intelligence market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2024).
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that has been analyzed. The report also analyzes different application that includes cybersecurity, warfare platform, surveillance, logistics and transportation, autonomous weapons and targeting system, battlefield healthcare, and simulation. In the platform segment, the market is segmented into land, air, naval, and space. In the technology segment, the market is segmented into learning and intelligence, advance computing, and AI system. In the service segment, the market is segmented into hardware, software, and services.
The military artificial intelligence and cybernetics market is segregated by region under four major regions, namely, North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided.
Key Companies in the Global Military AI and Cybernetics Market
The key market players in the global military artificial intelligence and cybernetics market include General Dynamics, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE system, Boeing, Blue Bear, Charles River Analytics, IBM, Leidos, Raytheon, SparkCognition, SAIC, Soar Tech and Thales Group.
FEATURED COMPANIES
- BAE Systems
- Boeing
- General Dynamics
- Harris Corporation
- IBM
- Machine Halo
Executive Summary
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FEATURED COMPANIES
- BAE Systems
- Boeing
- General Dynamics
- Harris Corporation
- IBM
- Machine Halo
The concept of artificial intelligence in the military was first introduced in 1956 but the use of artificial intelligence began in 2010 with the introduction of three new technologies, namely Big data, machine learning, and computer processing power. This development helps basic artificial intelligence to advance algorithms that recognize specific problem sets while playing the game, image recognition, and navigation. The role of artificial intelligence and cybernetics is used for creating better coordination between the soldiers and equipment during combat. This will further increase the dependability of the military on artificial intelligence.
Over the past few years, the defense forces have deployed learning action frameworks that use machine learning algorithms and artificial intelligence to imitate human perception of learning, memory, and judgment. Machine learning, which is the most popular technology available to mankind, and is used by many countries such as U.S., China, and Russia to respond to unknown threats in order to reduce the burden on warfighters. However, the artificial intelligence system needs to be in a dynamic closed loop with the feedback system to respond intelligently, in case an uncertain threat is found.
The need for enhanced border security due to issues related to increasing land disputes, migration, and smuggling, has forced several countries to strengthen their security. This has led to an increase in the demand for advanced equipment for each land, air, naval and space platform. The advanced equipment provides better situational awareness to the soldiers, to have a competitive edge over the opponents. With recent developments in artificial intelligence and machine learning, equipment such as unmanned marine vehicles, unmanned ground vehicles, armoured fighting vehicles, unmanned aerial vehicles, submarine, ships, and fighter jets are becoming increasingly flexible and available at a reliable cost in manufacturing industries.
As the complexity of automating tasks increases, the performance of the industries is likely to decline. Hence, the countries already using artificial intelligence and machine learning are likely to continue as well as increase their deployment. Thus, the impact of artificial intelligence is expected to grow along with improved levels of new automation technologies.
The major driving force behind the growth of the military artificial intelligence and cybernetics market is the increase in defense expenditure in various countries.
According to the latest report, titled ‘Global Military Artificial Intelligence (AI) and Cybernetics Market – Analysis and Forecast (2019-2024)’, the market to grow at a significant CAGR of 18.66% on the basis of value during the forecast period from 2019 to 2024.
Key Questions Answered in this Report:
- What are the trends in the global military artificial intelligence and cybernetics across different regions?
- What are the major driving factors in the global military artificial intelligence and cybernetics market during the forecast period 2019-2024?
- What are the major challenges inhibiting the growth of the global military artificial intelligence and cybernetics?
- Which application type (cybersecurity, warfare platform, surveillance, autonomous weapons and targeting system, battlefield healthcare, simulation, and others (threat monitoring and situational awareness, information processing, target recognition) of the global military artificial intelligence market dominated in 2018, and what would be the expected scenario by 2024?
- What was the revenue generated by the global military artificial intelligence market by platform, technologies, and services in 2018, and what would be the anticipated estimates by 2024?
- What was the aggregate revenue generated by the global military artificial intelligence market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) in 2018, and what would be the anticipated estimates by 2024?
- Who are the key players in the global military artificial intelligence and cybernetics market, and what are the new strategies adopted by the market players to make a mark in the industry?
- What major opportunities do the military artificial intelligence and cybernetics companies foresee in the next five years?
- What is the competitive strength of the key leading players in the military artificial intelligence and cybernetics market?
- BAE Systems
- Blue Bear
- Boeing
- Centaurus Technology
- Charles River Analytics Inc.
- General Dynamics
- Gov Brain
- Harris Corporation
- High Tech Robotic System
- IBM
- Leidos
- Lockheed Martin Corporation
- Machine Halo
- Northrop Grumman Corporation
- Raytheon Company
- Reconrobotics
- SAIC
- SOARTECH
- SparkCognition
- Thales Group
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