Artificial Intelligence in Military Market Growth Trends Analysis | Emergen Research
The Global Artificial Intelligence in Military Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Artificial Intelligence in Military Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of 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. Currently, rising geopolitical tensions among countries and increasing Chinese actions are propelling various countries to modernize military technology using AI. Integrating AI will enable countries to conduct better surveillance in order to detect and prevent threats. Similarly, AI technology can be used to process a large amount of data and facilitate better decision-making during times of conflict. These are some major factors driving growth of the global AI for military market revenue.
However, bad quality data problems can result is errors in decision-making during critical situations. Additionally, lack of regulations governing the usage of AI technology is expected to hamper market revenue growth during the forecast period.
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Forecast Period: 2021- 2028
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. Get An Impressive Discount On This Report@ https://www.emergenresearch.com/request-discount/834
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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