The Artificial Intelligence In Modern Warfare Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Intelligence In Modern Warfare Global Market Report 2024, The artificial intelligence in modern warfare market size has grown exponentially in recent years. It will grow from $4.53 billion in 2023 to $6.38 billion in 2024 at a compound annual growth rate (CAGR) of 40.8%. The growth in the historic period can be attributed to military modernization programs, geopolitical tensions, increased use of unmanned systems, evolving threat landscapes, growing demand for autonomous systems in warfare.
The artificial intelligence in modern warfare market size is expected to see exponential growth in the next few years. It will grow to $22.63 billion in 2028 at a compound annual growth rate (CAGR) of 37.2%. The growth in the forecast period can be attributed to development of autonomous weapons systems, emphasis on cyber warfare capabilities, rising investment in defense ai research, adoption of ai for decision support, increasing focus on data analytics in warfare. Major trends in the forecast period include development of explainable ai in military applications, use of ai for predictive maintenance in defense systems, integration of ai in military training programs, growth of ai-powered command and control systems, deployment of ai for logistics and supply chain optimization in the military.
The growing threat of cyberattacks is expected to propel the growth of artificial intelligence in the modern warfare market going forward. A cyberattack is any attempt to acquire unauthorized access to a computer, computing system, or computer network to cause damage. Artificial intelligence in modern warfare can primarily be utilized for defensive purposes to enhance cybersecurity and protect against cyber threats, ensuring the safety and effectiveness of AI-enabled defense systems. 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, 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.
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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
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.
The artificial intelligence in modern warfare market report table of contents includes:
- Executive Summary
- Artificial Intelligence In Modern Warfare Market Characteristics
- Artificial Intelligence In Modern Warfare Market Trends And Strategies
- Artificial Intelligence In Modern Warfare Market – Macro Economic Scenario
- Global Artificial Intelligence In Modern Warfare Market Size and Growth
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- Global Artificial Intelligence In Modern Warfare Market Competitive Benchmarking
- Global Artificial Intelligence In Modern Warfare Market Competitive Dashboard
- Key Mergers And Acquisitions In Artificial Intelligence In Modern Warfare Market
- Artificial Intelligence In Modern Warfare Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Microsoft Corporation
- Raytheon Technologies Corporation
- Boeing Co.
- Lockheed Martin Corporation
- International Business Machines Corporation
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