-- 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.
The use of artificial intelligence (AI) is rising in many industries, including the military one. By facilitating quicker decision-making, improving accuracy, and lowering the hazards for soldiers, AI technology has the potential to revolutionise warfare. In the upcoming years, a number of variables are predicted to propel a large increase in the global Artificial Intelligence in Military market.
Overview: Machine learning, natural language processing, and robotics are all combined in the usage of AI in the military. AI may help military operations in a number of ways, including target identification and tracking, data analysis and interpretation, and outcome prediction. The technology is also being utilised to create autonomous weaponry and unmanned machines like robots and drones that can carry out hazardous tasks without endangering people.
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Drivers: The demand for cutting-edge technologies that can improve military operations is the main factor fueling the growth of the artificial intelligence in military market. AI-assisted intelligence, surveillance, and reconnaissance (ISR) can give more immediate and accurate information that can help identify threats and guide strategic decisions. AI can also increase operations' speed and efficiency while lowering expenses and labour demands.
Restraints: There are a number of restrictions on the employment of AI in the military, including moral and legal issues. The development of autonomous weaponry has sparked debate over whether it is moral to delegate moral judgement to machines. Concerns exist over the possibility of AI systems malfunctioning or being compromised, which could have unforeseen repercussions. Additionally, certain militaries may find it difficult to adopt AI technology due to its exorbitant cost.
Factors influencing growth: The military is predicted to deploy AI more frequently in the future. Demand will rise as AI is progressively integrated into military operations as it gets more advanced and effective. Furthermore, developments in AI technology, such as the creation of explainable AI (XAI), which can offer more accountability and transparency for decisions made by AI systems, are anticipated to boost confidence in the technology and encourage broader adoption.
Data: A report by the US Department of Defence estimates that by 2023, the nation will have invested $4.4 billion in AI research and development. The research also notes that the military's use of AI is anticipated to boost productivity, cut expenses, and improve operational effectiveness. The first AI-powered targeting system for ground combat vehicles will be developed by the US Army in 2020, which is anticipated to greatly improve targeting speed and accuracy.
Artificial Intelligence in Market Segmentation:
Emergen Research has provided insights into the global AI for military market by segmenting it based on offering, platform, application, technology, and region. The offering outlook includes software, hardware, and services. The software segment comprises artificial intelligence solutions, artificial intelligence platforms, cloud, and on-premises. The hardware segment includes processors, networks, and memory. The services segment consists of software assistance, upgradation and maintenance, and deployment and integration.
The platform outlook is divided into land, sea, air, and space. The land segment includes autonomous combat vehicles, unmanned ground vehicles, and autonomous combat robots. The sea segment comprises unmanned maritime vehicles, anti-missile technology, and ship navigation systems. The air segment includes unmanned aerial vehicles, aircraft maintenance, and cognitive electronic warfare. The space segment includes satellite data processing, intelligent navigation systems, AI assistant robots, and space exploration.
The application outlook includes reconnaissance and intelligence gathering, surveillance and counterinsurgency, information processing, cyber security, threat analysis, and warfare simulation. AI is expected to be used in these applications to enhance accuracy and speed, leading to more efficient operations and decision-making.
The technology outlook includes machine learning, deep learning, computer vision, smart quantum technology, and natural language processing. These technologies are being developed and implemented in AI systems to enhance their capabilities and improve their performance.
The global AI for military market is expected to grow significantly in the coming years due to the increasing demand for advanced technologies that can enhance military operations. The use of AI can provide more accurate and timely intelligence, surveillance, and reconnaissance, which can aid in identifying threats and making strategic decisions. Additionally, AI can improve the efficiency and speed of operations, reducing costs and manpower requirements.
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Some Key Highlights From the Report:
Cyber security segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to the increasing threat of cyber attacks on military systems and the need for robust security measures. With the increasing use of digital technologies and the internet, the risk of cyber attacks has become a significant concern for the military sector. Cyber attackers can gain access to sensitive information and disrupt military operations, causing significant damage.
Deep learning segment is expected to registera significantly robust revenue growth rate over the forecast period due to the increasing demand for AI-powered solutions that can provide more accurate and efficient data processing capabilities. Deep learning is a subfield of AI that focuses on developing algorithms that can learn and improve from large amounts of data. This technology has numerous applications in the military sector, including image recognition, natural language processing, and speech recognition.
The market in North America is expected to account for largest revenue share over the forecast period due to the presence of leading AI companies and significant investments in AI technology by the military and government. North America has been at the forefront of AI development, with many of the world's leading AI companies based in the region. The US military is also a major user of AI technology, with investments in areas such as autonomous vehicles, predictive maintenance, and battlefield analytics.
Some major companies included in the market report are 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.
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