Artificial Intelligence in Defense Market Insights
The global AI in defense market is anticipated to grow at an exponential rate over the coming years. Increasing advancements in defense technology coupled with growing funding from military research agencies are major factors likely to propel the rising adoption of AI systems in the defense sector.
The successful implementation of drones by defense agencies across the world has led to several advantages ranging from guarding borders to enforce laws for combat missions. Drones also have a variety of applications in search & rescue missions, illegal traffic monitoring, and other intelligence missions. Autonomous weapons systems and military robots are further responsible for development and deployment of AI in the defense sector.
Although factors such as the unpredictability of AI algorithms coupled with the absence of standards and protocols are likely to hinder the market growth over the forecast period. However, rising application of big data analytics for information processing and high adoption of cloud services by defense industry is likely to stimulate the market growth over the coming years.
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Artificial Intelligence in Defense Market: Offering Insights
The global AI in defense market is segmented into hardware, software, and services, based on the offering. Hardware segment covers processor, memory, and network; Software includes AI solutions and AI platforms. Deployment & integration, upgrade & maintenance and software support among others are listed under services. The software segment is anticipated to hold the largest share of the AI in defense market in the coming years. The presence of major software companies coupled with growing demand for software-based AI solutions is likely to propel the market growth over the coming years. The hardware segment is also likely to register a significant growth rate due to increased use of the processor, camera, and memory in drones and other weapons.
Artificial Intelligence in Defense Market: Technology/ Platform Insights
By technology, the global AI in defense market is divided into learning & intelligence, advanced computing, AI systems. Learning & intelligence segment is projected to hold significant market share due to increased government spending for developing highly-advanced AI systems in several countries such as India, the U.S., China, and Russia among others. Natural Language Processing has held the largest market share among the learning & intelligence technologies. The demand has also significantly increased by increasing use of NLP to manage huge volumes of data for predictive analysis.
Based on platforms, the market is segmented into land, naval, airborne, and space. Airborne Systems, especially UAVs are gaining a lot of traction in defense applications.
Artificial Intelligence in Defense Market: Application Insights
On the basis of application, the market is divided into simulation & training, autonomous unmanned weapon systems, computational military reasoning, battlefield healthcare, ai-enabled data fusion, logistics & transportation, cyber defense & warfare, cognitive radio & cognitive electronic warfare. Autonomous unmanned weapon systems, Simulation & training, and cyber defense & warfare are likely to hold significant market share over the coming years.
Artificial Intelligence in Defense Market: Regional Insights
North America dominated the overall AI in defense market in 2016 and is likely to grow at a considerable rate over the coming years. The growth is primarily attributed to increased U.S. government spending on R&D activities to develop advanced AI concepts such as wearable electronics loaded up with combat apps.
The Asia Pacific is likely to be the highest growing region over the forecast period. China is considered to be the major contributor to the regional growth. China’s growth is likely to be influenced by the introduction of next-generation AI technologies, such as big data, swarm intelligence, hybrid enhanced intelligence, and autonomous intelligent systems among others.
Artificial Intelligence in Defense Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Artificial Intelligence in Defense Market Share & Competitor Analysis
Some of the players operating in the global artificial intelligence in defense market include Lockheed Martin, Raytheon Company, Northrop Grumman, Thales Group, IBM, BAE Systems, General Dynamics, Nvidia, Soartech, Sparkcognition, Charles River Analytics, SAIC, Harris Corporation, and Boeing.
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