What Are The 5 Takeaways From The Artificial Intelligence In Modern Warfare Market Overview 2024
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The artificial intelligence in modern warfare market surged from $4.53 billion in 2023 to $6.38 billion in 2024, with a 40.8% CAGR, due to military modernization. Forecasts indicate growth to $22.63 billion by 2028, driven by autonomous systems and cyber warfare, with trends in explainable AI and logistics optimization.
The growing threat of cyberattacks is expected to propel the growth of artificial intelligence in the modern warfare market. Cyberattacks, any unauthorized access to computer systems causing damage, are increasing. AI in modern warfare enhances cybersecurity, defending against such threats. For instance, in March 2023, FBI reported 847,376 complaints of online frauds, leading to a $6.9 billion loss, driving the adoption of AI for defense systems.
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What Are The Key Trends That Influence Artificial Intelligence In Modern Warfare Market Share Analysis?
Technological advancements are driving trends in artificial intelligence within the modern warfare sector. Major players in this market are adopting new technologies to maintain their competitive edge. For example, in May 2022, Milrem Robotics, based in Estonia, introduced the THeMIS Observe. This autonomous ISR UGV incorporates advanced systems like ROSY, Z Sparrowhawk camera, Squire radar, Metravib defense pearl acoustic shot detection, and a mast. These integrated systems enable multi-sensor identification on a single platform, enhancing response capabilities to new targets.
Which Market Players Are Driving Growth In The Artificial Intelligence In Modern Warfare Market?
Major companies operating in the artificial intelligence in modern warfare market report 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., Stryke Industries LLC
How Is The Global Artificial Intelligence In Modern Warfare Market Segmented?
The artificial intelligence in modern warfare market covered in this report 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
Read The Full Artificial Intelligence In Modern Warfare Market Report Here
The Artificial Intelligence In Modern Warfare Global Market Report 2024 provides an overview of the artificial intelligence in modern warfaremarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence in modern warfare market forecast analyzes artificial intelligence in modern warfare market size, artificial intelligence in modern warfare market share, leading competitor and their market positions.
The Table Of Content For The Artificial Intelligence In Modern Warfare Market Include
1. Artificial Intelligence In Modern Warfare Market Executive Summary
2. Artificial Intelligence In Modern Warfare Market Segments
3. Artificial Intelligence In Modern Warfare Market Size And Template Market Growth Rate
4. Key Artificial Intelligence In Modern Warfare Market Trends
5. Major Artificial Intelligence In Modern Warfare Market Drivers
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25. Key Mergers And Acquisitions In The Artificial Intelligence In Modern Warfare Market
26. Top Artificial Intelligence In Modern Warfare Companies
27. Artificial Intelligence In Modern Warfare Market Opportunities And Strategies
28. Artificial Intelligence In Modern Warfare Market, Conclusions And Recommendations
29. Appendix
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