Artificial Intelligence in Military Market by Offering (Hardware, Software, and Services), by Platform (Land, Naval, Airborne, and Space), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Artificial intelligence can be utilized in various functions in the military such as surveillance, autonomous operations, cyber security systems, command and control systems, and many others.

Artificial Intelligence In Military Market Analysis:

Artificial intelligence in the military market is expected to witness notable growth because of the increasing demand for advanced military equipment such as unmanned aerial vehicles and autonomous threat detection systems. The increasing role of artificial intelligence and big data analytics in military is expected to grow the global artificial intelligence in military market.

The global growth of military expenditure is one of main driving factor for the growth of artificial intelligence in military market

The growing expenditure in armed forces globally is one of major factors of growth for this market in the forecast period. As per the Stockholm International Peace Research Institute (SIPRI), an independent international organisation for  to research into conflict, armaments and disarmament., the global military expenditure increased to $1917 billion in 2019. Different countries have dedicated organizations in their government bodies for military upgradation such as “The Strategic Council for AI Technologies” (Japan), “The National Science and Technology Council” (US), and “AI Council” (UK). These factors are expected to drive the market during the forecast period. 

Expensive installation and possibility of errors are estimated to restrain the growth of this market

The artificial intelligence systems are very sophisticated and require high cost of designing and operation, which make them very expensive. In addition to this, the AI based systems are new and in the development phase hence, during any complex combat situations there is a possibility of decision making error. Military organizations still think there is requirement of human monitoring for supervision of AI based systems. These factors can hamper the demand of global artificial intelligence in military market.

The increasing scope in the field of “Quantum Computing” is likely to provide lucrative opportunities for this market.

The implementation of quantum computing in artificial intelligence systems such as quantum cryptanalysis, it is the implementation of quantum computing for decrypting of encoded messages that provides solutions to defense forces. Quantum key distribution (QKD) helps in securing the military communication from data leakage. These developments are expected to open new scope of opportunities for artificial intelligence in military market.

Artificial Intelligence In Military Market, by Offering:

Software sub-segment is expected to be most lucrative segment in the forecast period 

On the basis of offering this market can be sub-categorized in to hardware, software, and services. Software installed in computer systems has responsibility for implementing complex operations. It processes the data accumulated from hardware systems for   generating an intelligent and informed response. Software sub-segment is expected to grow in the forecast period. 

Artificial Intelligence in Military Market, by Platform:

Space sub-segment is expected to register a significant growth till 2027

On the basis of platform this market can be sub-categorized in to land, naval, airborne, and space. The implementation of artificial intelligence in military satellites for surveillance, threat detection, tracking, and high resonance imaging. The enablement of AI with space platforms results in effective communication between satellites and control stations at the ground. Space sub-segment is anticipated to grow in the forecast period.

Artificial Intelligence in Military Market, by Region:

North American region is expected to dominate this market in the forecast period

North American region is expected to dominate this market due to strong emphasis in the research and development of artificial intelligence based military systems. Government organizations such as “The National Science and Technology Council (US)” for handles the matters related to technology development in the field of artificial intelligence.  In addition to this, the presence of countries such as US which is the highest military expenditure in the world is expected to boost market growth. As per the "Stockholm International Peace Research Institute (SIPRI), it is an independent international organisation for  to research into conflict, armaments and disarmament the US military expenditure increased to $ 732 billion in 2019. These factors are contributing in the expansion of the market.

Asia-Pacific region is expected to have immense opportunities for the market investors

Asia-Pacific region has a rapidly growing market and is anticipated to experience a healthy growth in the forecast timeframe. The presence of major military expenditure nations such as China and India for modernizing their armed forces is expected to propel the market growth. As per the, Stockholm International Peace Research Institute (SIPRI), China and India were the in the list top three nations in 2019 with highest military expenditure. These factors are expected to grow the market in the region.

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Key Participants in the Global Artificial Intelligence in Military Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Source: Research Dive Analysis

Some of the significant artificial intelligence in military market players include Raytheon Company, Northrop Grumman Corporation, BAE Systems plc, General Dynamics Corporation, SparkCognition, Inc., Charles River Analytics, Inc., The Boeing Company, Lockheed Martin Corporation., Rafael Advanced Defense Systems Ltd.

Market players prefer inorganic growth strategies to expand into local markets.

Artificial Intelligence in military market players is emphasizing more on merger & acquisition and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the Porter’s five force model is explained in the report.

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