Artificial Intelligence in Military Market Forecast |

The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Artificial Intelligence in Military market. The rising demand for the Artificial Intelligence in Military market is expected to drive the demand for Artificial Intelligence in Military market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.

The global Artificial Intelligence (AI) for military market 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.

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Report Scope:

Forecast Period: 2021- 2028

CAGR: 13.4%

Base Year: 2020

Number of Pages: 250

The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.

Leading Players Profiled in the Report:

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

Some Key Highlights from the Report

Cyber security segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Development of new tools and technologies have led to an inclining rate of cybercrimes globally.
Deep learning segment is expected to registera significantly robust revenue growth rate over the forecast period. This growth can be attributed to increasing need for more advanced solutions for processing large volumes of big and development of AI algorithms for better decision-making.
The market in North America is expected to account for largest revenue share over the forecast period due to robust presence of key market players, including Lockheed Martin Corporation, NVIDIA Corporation, and BAE Systems, Inc. among others in developed countries in the region.
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Emergen Research has segmented global AI for military market on the basis of offering, platform, application, technology, and region:

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

Software
Artificial Intelligence Solutions
Cloud
On-premises
Artificial Intelligence Platforms
Hardware
Processor
Network
Memory
Services
Software Assistance
Upgradation & Maintenance
Deployment & Integration
Platform Outlook (Revenue, USD Billion; 2018–2028)

Land
Autonomous Combat Vehicles
Unmanned Ground Vehicle
Autonomous Combat Robots
Sea
Unmanned Maritime Vehicles
Anti-Missile Technology
Ship Navigation Systems
Air
Unmanned Aerial Vehicles
Aircraft Maintenance
Cognitive Electronic Warfare
Space
Satellite Data Processing
Intelligent Navigation Systems
AI Assistant Robots
Space Exploration
Application Outlook (Revenue, USD Billion; 2018–2028)

Reconnaissance and Intelligence gathering
Surveillance and Counterinsurgency
Information Processing
Cyber Security
Threat Analysis
Warfare Simulation
Technology Outlook (Revenue, USD Billion; 2018–2028)

Machine Learning
Deep Learning
Computer Vision
Smart Quantum Technology
Natural Language Processing
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Artificial Intelligence in Military market.

Key Questions Answered in the Report:

What is the growth rate of the Artificial Intelligence in Military market? What is the anticipated market valuation of Artificial Intelligence in Military industry by 2028?

What are the key growth driving and restraining factors of the Artificial Intelligence in Military market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Artificial Intelligence in Military industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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