Artificial Intelligence in Military Market Will Grow 14.5% CAGR through 2026Press Release
June 27, 2019
According to the report published by Zion Market Research, the global artificial intelligence in military market was valued at approximately USD 4,800 million in 2018 and is expected to generate around USD 16,300 million by 2026, at a CAGR of around 14.5% between 2019 and 2026.
Artificial intelligence in military involves the use of a computer-controlled robot for different military or defense activities, such as; unmanned ground vehicles, unmanned maritime vehicles, fighter aircraft, and helicopter, unmanned aerial vehicles, etc. The increasing demand for developing military equipment in collaboration with artificial intelligence to enhance the security on borders, growing development of chipsets underneath artificial intelligence, and rising acceptance of cloud services by military are contributing toward the artificial intelligence in military market globally.
Based on application, the artificial intelligence in military market includes cyber security, warfare platform, logistics and transportation, battlefield healthcare, target recognition, simulation and training, information processing, threat monitoring, and situational awareness, and others. The warfare platform segment accounted for the major share, around 25%, in 2018, due to the high adaption and adoption of C4ISR capabilities, i.e., command, control, communications, computers, intelligence, surveillance, and reconnaissance. Moreover, the modernization of electronic warfare inventory in Russia is expected to further boost this segment over the forecast time period. The cybersecurity segment is expected to register the highest CAGR in the future, owing to the increasing number of cyber threats and the development of advanced technologies.
Based on platform, the global market includes land (military fighting vehicles, unmanned ground vehicles, air defense systems, command and control systems, and others), naval (naval ships, submarines, unmanned maritime vehicles, and others), airborne (fighter aircraft and helicopter, transport and cargo aircraft, unmanned aerial vehicles, and others), and space (space launch vehicles, satellites, and others). In 2018, the naval segment accounted for the largest share in the global market and is expected to show the highest CAGR in the upcoming years.
Based on the offering, the global artificial intelligence in military market includes hardware (processor, memory, and network), software (AI solutions and AI platforms), and services (deployment and integration, upgrade and maintenance, software support, and others). The software segment held the largest share, i.e., more than 50%, of the global artificial intelligence in military market in 2018, owing to the high adoption of technically advanced software for military purpose. The services segment is expected to register high growth in the future, due to the increasing demand for deployment and integration, upgrade and maintenance, and software support services.
By technology, the global artificial intelligence in military market includes learning and intelligence, advanced computing, and AI systems. The learning and intelligence segment includes modeling and simulation, data mining, natural language processing, deep learning, and machine learning. The advanced computing segment includes quantum computing, neuromorphic engineering, and supercomputing. The AI system segment includes computer vision, virtual reality, and virtual agents. The learning and intelligence segment held the largest share in 2018 in the global market, due to the increasing focus to develop new learning and intelligence AI-based programs.
By geography, the global artificial intelligence in military market is segmented into NATO (North Atlantic Treaty Organization) and Russia. NATO dominated the artificial intelligence in military market in 2018 and is expected to remain dominant over the forecast time period as well. Russia is expected to register the highest CAGR in the global artificial intelligence in military market in the future.
Some key players of the global artificial intelligence in military market are SparkCognition Inc., Charles River Analytics, Inc., Leidos, Boeing, SAIC, Thales Group, IBM, General Dynamics, NVIDIA Corporation, BAE Systems, Harris Corporation, Lockheed Martin Corporation, Raytheon Company, and Northrop Grumman Corporation.
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