Artificial Intelligence In Military Market Size To Rise USD 22.62 Bn By 2032

---

Table of Content

The global artificial intelligence in military market size surpassed USD 7.93 billion in 2022 and is projected to rise to USD 22.62 billion by 2032, anticipated to grow at a CAGR of 11.05 percent during the projection period from 2023 to 2032.

Market Overview:

Almost every sector of the economy that involves operations is now attached to artificial intelligence. Military equipment with AI capabilities can manage massive volumes of data with ease. Such technologies have also boosted self-control, self-regulation, and self-actuation because of their superior calculation and decision-making abilities. AI is used to develop automated solutions for unmanned aerial vehicles, automated ships and ground vehicles in the military sector. The AI in the military market is accelerating due to the rising focus on reducing human casualties, increasing operational efficiencies and the overall performance of military forces.

Regional Snapshot:

North America dominated the market for AI in military in 2022, the region is expected to register significant growth during the forecast period. The region carries an ideal regulatory environment to foster the adoption of innovative solutions in the military and defense sectors. North America also has a strong background and optimistic potential in research and development activities. This concentration on R&D activities helps in driving the innovation of AI technologies in the region’s market. Moreover, the well-established defense industry in countries such as the United States and Canada promotes the growth of the AI in military market in North America.

Europe is another lucrative marketplace for artificial intelligence in the military sector. The substantial technological development in the region highlights the development of the market in the region. Europe is one of the most competitive marketplaces for automated solutions such as AI, considering the substantial investments in the military area for European countries supports the growth of the market.

Artificial Intelligence In Military Market Report Scope:

Report Highlights:

• By offering, the software segment dominates the global AI in military market. The demand for algorithms for sophisticated operations is driving the growth of the software segment.
• By application, the information processing segment dominated the market in 2022, the segment will continue to the growing demand for data-driven decision-making processes from the AI systems in the military sector.
• By technology, the machine learning segment is anticipated to have a significant share of the market during the forecast period. The ability of processing large databases and recognizing patterns to provide predictive analysis to the military sector boosts the growth of machine learning segment.
• By installation, the upgrade segment of installation is expected to register a significant rate of growth during the forecast period. As the military sector focuses on the cost-saving predictive systems, the transformation and upgradation in AI system is observed to grow in the upcoming period.

Market Dynamics:

Driver:

Enhanced pace of decision making by AI

Artificial intelligence-based technologies in the military sector are capable of offering real-time data analysis along with predictive capabilities for the sector. This also enables faster and more unbiased decision-making on the battlefield. Algorithms of artificial intelligence can process a large set of data, identify and provide insights to support commanders in assessing threats. The deployment of AI in the military sector also enables faster decision making for planning operations and allocating resources. As AI continues to play a vital role in decision making, the military sector is likely to boost its adoption in the upcoming years.

Restraint:

Risks during the unpredictable situations

The unpredictable nature of AI is a further problem that it raises when deployed for the military sector. AI models typically are trained for specific tasks. The lack of generalization that is required for generating responses in unpredictable situations can create a significant challenge for the military sector. Artificial intelligence models may struggle to adapt and respond appropriately and potentially. Unpredictable scenarios in the military sector may not have enough relevant training data available making it harder for AI to accurately assess and respond to novel situations. Thus, the risk of unpredictability is observed to create a restraint for the market’s growth.

Opportunity:

Rising demand for cybersecurity in the military sector

The demand for cybersecurity in the military area plays a vital role in opening a plethora of opportunities for AI in the military market by boosting the adoption of artificial intelligence-based solutions. AI-powered systems can analyze large amounts of data from various sources, including network traffic and user behavior. AI can automate incident response processes by enabling the faster detection and analysis of cyber threats. Military operation rooms carry multiple computer units, these units and data in them are prone to get attacked by malpractices. Such issues may cause a hue damage to the nation’s confidential data. Thus, the military sector shows a vast demand for cybersecurity which is observed to help the market grow during the forecast period.

Challenge:

Ethical concerns

Ethical questions are raised when automated technologies and AI are used, especially in military robots. Deployed artificial intelligence lacks human judgment, moral reasoning and empathy. Whereas military operations often require moral and ethical decision-making ability. Relying solely on AI platforms could result in moral judgments. Thus, it can create a significant challenge for the market’s growth. Moreover, discrimination, concerns with reliability and accountability and privacy issues are a few other ethical concerns that pop up when the AI systems are deployed in the military sector.

Recent Developments:

• In February 2023, to impose discipline on a new technology that holds the potential to alter how war is fought, the United States unveiled an initiative that encourages global collaboration on the ethical utilization of autonomous weapons and artificial intelligence by the military. According to Bonnie Jenkins, undersecretary of State for international security and arms control, as a rapidly evolving technology, they must establish strict standards of moral conduct concerning military applications of AI, keeping in mind that these will undoubtedly change in the ensuing years.
• In July 2022, Rajnath Singh, the defense minister, unveiled 75 newly created artificial intelligence-enabled military goods while stating that India wanted international peace but would not fall behind in developing the necessary technology to ensure national security. Presenting at the inaugural 'AI in Defence conference and expo, Singh discussed the need to make India a center for artificial intelligence. He also hoped that the goods' dual-purpose uses would lead to new economic prospects.

Major Key Players:

• Machine Halo
• Lockheed Martin
• Northrop Grumman
• Raytheon Company
• Thales Group
• Bae Systems
• IBM
• General Dynamics
• Soartech
• Nvidia
• Sparkcognition
• Saic
• Charles River Analytics
• Leidos
• Boeing
• GovBrain
• ShieldAI
• SuperFlex
• SRI International
• DARPA
• PrecisionHawk
• MRX Global Holding Corp.
• Centaurus Technology
• Hi-Tech Robotic System

Market Segmentation:

By Component

• Hardware
• Software
• Services

By Technology

• Advanced Computing
• Ai Systems
• Learning and Intelligence

By Platform

• Airborne
• Land
• Naval
• Space

By Installation

• New Procurement
• Upgrade

By Application

• Cyber Security
• Battlefield Healthcare
• Logistics and Transportation
• Information Processing
• Warfare Platform

Buy this Research Report@ https://www.precedenceresearch.com/checkout/2603

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333