New York, 12 Feb. 2022 (GLOBE NEWSWIRE) — The latest research study on “Artificial intelligence in the defense market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component (Hardware, Software and Services), Technology (Advanced Computing, AI Systems, and Learning and Intelligence), Platform (Land, Air and Naval) and Application (Cyber Security, Battlefield Healthcare, Logistics and Transportation, Warfare Platform, and Others)”, published by The Insight Partners. Artificial intelligence in defense market growth is driven by increasing adoption of artificial intelligence in unmanned aerial vehicles and increasing government defense spending to improve artificial intelligence capabilities, incorporation of quantum computing into artificial intelligence.
|Market size Value in||US$6,404.73 million in 2021|
|Market Size Value by||$13,153.31 million by 2028|
|Rate of growth||CAGR of 10.8% from 2021 to 2028.|
|Year of reference||2021|
|Number of pages||189|
|Number of tables||106|
|Number of graphs and figures||94|
|Historical data available||Yes|
|Segments Covered||Component, technology, platform and application|
|Regional scope||North America; Europe; Asia Pacific; Latin America; AEM|
|Country scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
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Artificial Intelligence in Defense Market: Competitive Landscape and Key Developments
BAE Systems plc. ; IBM Corporation; Leidos; Lockheed Martin Company; Raytheon Technologies Company; Charles River Analytics, Inc.; General Dynamics Information Technology, Inc. (General Dynamics Corporation); AI Shield; SparkCognition, Inc. is among the key players that are profiled in the Artificial Intelligence in Defense market research. Additionally, several other key market players have been researched and analyzed to gain a holistic view of the global Artificial Intelligence in Defense market and its ecosystem.
In 2021, BAE Systems plc. and Sarcos Defense announced that they will develop systems to advance artificial intelligence and machine learning through enhanced perception and sensing capabilities for Air Force Research Laboratory (AFRL) autonomous platforms .
In 2021, IBM Corporation and Raytheon Technologies Corporation announced that they would jointly develop advanced artificial intelligence, cryptography and quantum solutions for the aerospace, defense and intelligence industries, including the federal government, under a strategic collaboration agreement.
In 2020, Lockheed Martin and NEC Corporation signed a collaboration agreement to expand their partnership. The two companies are also finalizing a license agreement with a multi-year option. For several years, Lockheed Martin and NEC have worked together to evaluate the effectiveness of SIAT for early production testing and operational scenarios.
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Artificial intelligence and robotics play an important role in many defense applications. Robots driven by artificial intelligence can move in dangerous areas, perform remote operations and, above all, carry out surveillance missions. Artificial intelligence technology primarily provides robotic assistance on the battlefield, which will allow forces to maintain or expand their combat capability without increasing manpower. For example, the concept of the Loyal Wingman robot is studied and developed for the US Air Force. Designed to fly alongside a jet piloted by a human pilot, this unmanned jet would fight the enemy, be able to accomplish its mission, or help the human pilot do so. He would act as an AI bodyguard and defend the piloted aircraft. Additionally, he was programmed to sacrifice himself if the human pilot needed to be saved.
Additionally, Unmanned Ground Vehicles (UGVs) and Unmanned Underwater Vehicles (UUVs) use artificial intelligence and are capable of independently accomplishing a pre-programmed mission. UUVs use artificial intelligence in seawater mine detection operations. UGVs use artificial intelligence for surveillance operations. Therefore, artificial intelligence is widely used in the development of advanced technologies, including defense robots, which will be a major trend of artificial intelligence in the defense market in the near future.
The US government is increasing investment in artificial intelligence systems in defense to maintain military dominance and mitigate the risk of cyberattacks on computer systems. Additionally, to gain a competitive advantage over other countries, the US government plans to increase spending on AI in military systems. Furthermore, North America is known as the global hub for major producers, exporters and users of AI systems, with the most powerful AI capabilities, which fuels artificial intelligence in growth. of the defense market in the region.
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Artificial Intelligence in the Defense Market: Component Overview
Component-based, artificial intelligence in defense market is segmented into hardware, software, and services. Software is the most important component of artificial intelligence products used in defense operations, and its demand is expected to increase during the forecast period due to the significant increase in digitalization in the military sector and the defense. Technological developments in the field of AI allow companies to produce powerful AI software and related software development kits. Computer systems with AI software are deployed to perform complex activities. This equipment combines inputs from hardware systems and passes them through an AI system to produce an intelligent solution. AI software is essential for improving IT architecture by preventing security breaches, which is driving the growth of the Artificial Intelligence in Defense market for software segment.
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