The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Artificial Intelligence In Modern Warfare Global Market Report 2023, the artificial intelligence in modern warfare market is expected to show significant growth in the forecast period.

Key insights from the artificial intelligence in modern warfare market forecast include:

1. Market Size

The global artificial intelligence in modern warfare market is expected to grow from $3.21 billion in 2022 to $4.53 billion in 2023 at a compound annual growth rate (CAGR) of 41.1%. The artificial intelligence in the modern warfare market is expected to reach $16.70 billion in 2027, at a CAGR of 38.5%.

2. Major Driver

The growing threat of cyberattacks is expected to propel the growth of artificial intelligence in the modern warfare market going forward. For instance, in March 2023, according to the Internet Crime Complaint Center Releases 2022 Statistics, published by the Federal Bureau of Investigation, a US-based intergovernmental organization, in comparison to 791,790 complaints and a loss of $4.2 billion in 2020, there were 847,376 complaints received as of 2021 about a variety of online frauds, resulting in a loss of $6.9 billion. Therefore, the growing threat of cyberattacks is driving the growth of artificial intelligence in the modern warfare market.

View More On The Artificial Intelligence In Modern Warfare Market Report 2023 – https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-modern-warfare-global-market-report

3. Key Trend

Technological advancements are a key trend gaining popularity in artificial intelligence in the modern warfare market. Major companies operating in artificial intelligence in the modern warfare market are adopting new technologies to sustain their position in the market. For instance, in May 2022, Milrem Robotics, an Estonia-based robotics and autonomous systems developer and systems integrator, launched the THeMIS Observe, an autonomous ISR (intelligence, surveillance, and reconnaissance) UGV (unmanned ground vehicle). The system incorporates the ROSY (rapid obscuring system), the Z Sparrowhawk camera, the Squire radar, the Metravib defense pearl acoustic shot detection, and a mast. These advanced systems allow units to perform multi-sensor identification on a single platform and react quicker to new targets.

4. Major Players

Major players in the artificial intelligence in the modern warfare market are Microsoft Corporation, Raytheon Technologies Corporation, Boeing Co., Lockheed Martin Corporation, International Business Machines Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A, Textron Inc., Booz Allen Hamilton Holding Corporation, Science Applications International Corporation Inc., Rheinmetall AG, CACI International Inc., Elbit Systems Ltd., Rafael Advanced Defense Systems Limited, General Atomics Aeronautical Systems Inc., Qinetiq Ltd., Palantir Technologies Inc., Teledyne FLIR LLC, Shield AI Inc., SparkCognition Inc., Roboteam Inc., and Stryke Industries LLC.

5. Top Market Segments

The global artificial intelligence in modern warfare market is segmented –

1) By Type: Weaponized Artificial Intelligence, Defensive Artificial Intelligence, Offensive Artificial Intelligence, Assisting Artificial Intelligence, Autonomous Artificial Intelligence

2) By Type Of Equipment: Unmanned Aerial Vehicle, Unmanned Ground Vehicle, Combat Systems, Recovery And Maintenance Vehicle, Reconnaissance And Surveillance Vehicle, Medical Evacuation Vehicle

3) By Application: Tactical Defensive, Military Offensive

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The Artificial Intelligence In Modern Warfare Global Market Report 2023  provides an in-depth analysis on the artificial intelligence in modern warfare market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the artificial intelligence in modern warfare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
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