Advance: Key Drivers and Opportunities in the Artificial Intelligence in Military Market

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Increasing hostility and terrorism and political instability are expected to boost market revenue growth

The global Artificial Intelligence (AI) for militarymarket 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.

The report is formulated with the updated and latest information of the global Artificial Intelligence in Military market further validated and verified by the industry experts and professionals. 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.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Lockheed Martin Corporation, NVIDIA Corporation., BAE Systems, Inc., Northrop Grumman Corporation., Raytheon Technologies, General Dynamics Corporation, Textron Inc., SparkCognition Government Systems, Arkray, Inc., and Leidos Inc

Research Report on the Artificial Intelligence in Military Market Addresses the Following Key Questions:

  • Who are the dominant players of the Artificial Intelligence in Military market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Artificial Intelligence in Military market?
  • What are the key growth drivers and restraining factors of the Artificial Intelligence in Military market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Artificial Intelligence in Military market and its key segments?

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/artificial-intelligence-in-military-market

Emergen Research has segmented the global Artificial Intelligence in Military market on the basis of type, type of care, and region

Segments Covered in this report are:

  • Offering Outlook (Revenue, USD Billion; 2018–2028)

    • Software
      1. Artificial Intelligence Solutions
      2. Artificial Intelligence Platforms
    • Hardware
      1. Processor
      2. Network
      3. Memory
    • Services
      1. Software Assistance
      2. Upgradation & Maintenance
      3. Deployment & Integration
  • Platform Outlook (Revenue, USD Billion; 2018–2028)

    • Land
      1. Autonomous Combat Vehicles
      2. Unmanned Ground Vehicle
      3. Autonomous Combat Robots
    • Sea
      1. Unmanned Maritime Vehicles
      2. Anti-Missile Technology
      3. Ship Navigation Systems
    • Air
      1. Unmanned Aerial Vehicles
      2. Aircraft Maintenance
      3. Cognitive Electronic Warfare
    • Space
      1. Satellite Data Processing
      2. Intelligent Navigation Systems
      3. AI Assistant Robots
      4. Space Exploration
  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Reconnaissance and Intelligence Gathering
    • Surveillance and Counterinsurgency
    • Information Processing
    • Cyber Security
    • Threat Analysis
    • Warfare Simulation

In conclusion, the Artificial Intelligence in Military Market report is an exhaustive database that will help readers formulate lucrative strategies. The Artificial Intelligence in Military Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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