The artificial intelligence (AI) in modern warfare market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising need for weapons of mass destruction.
Artificial intelligence is a broad field of computer science that creates intelligent computers that can do activities that need human intelligence. Although AI is a multidisciplinary with many methodologies, advances in machine learning, and deep learning are causing a paradigm change in nearly every sector of the IT industry. A military artificial intelligence in modern warfare is a rivalry or arms race between two or more countries to have the best artificial intelligence for their armed forces. The proliferation of nuclear weapons is being aided by the increased testing of weapons by countries such as North Korea. These weapons are hazardous as they are radiological, biological, or chemical in origin. The rise of extremist groups throughout the world, such as ISIS, has resulted in a better emphasis on the use of technology in counter-terrorism and defense efforts. Automated vehicles have been recognized as force multipliers as a result of ongoing trials and investigations. Many prominent human rights groups warn that using weaponry like armed drones would result in more civilian fatalities and illegal murders. Others fear that uncontrolled AI may lead to a worldwide weapons competition.
Market Trends, Drivers, Restraints, and Opportunities
- Rising need for weapons of mass destruction is estimated to propel the market during the forecast period.
- Growing threat of cyber-attacks is key factor fueling the market in the coming years.
- AI-based surveillance and weapon systems used by governments are expected to hamper the market growth.
- Lack of skilled workforce act as major challenge that can restrict the market expansion in the coming years.
- R&D investment and technological advancements are expected to offer immense opportunities for the market players.
Scope of the Report
The report on the artificial intelligence in modern warfare market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Artificial Intelligence (AI) In Modern Warfare Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type of Equipment (Unnamed Aerial Vehicle, Unmanned Ground Vehicle, Combat Systems, Recovery and Maintenance Vehicle, Reconnaissance and Surveillance Vehicle, Medical Evacuation Vehicle)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Intel Corporation; IBM Corporation; The Boeing Company; General Dynamics Corporation; and Alphabet Inc. (Google Inc.)
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Market Segment Insights
The unmanned aerial vehicle segment is projected to hold a major market share
On the basis of equipment type, the artificial intelligence in modern warfare market is divided into unnamed aerial vehicle (UAV), unmanned ground vehicle, combat systems, recovery & maintenance vehicle, reconnaissance & surveillance vehicle, and medical evacuation vehicle. The unmanned aerial vehicle segment is expected to represent a key share of the market during the forecast period. An UAV, often known as a drone, is an aircraft that does not have a human pilot, crew, or passengers on board. UAVs are part of an unmanned aircraft system (UAS), which includes a ground-based controller and a communications system with the UAV. UAVs are utilized for tactical planning and observation. UAVs are classed according to their altitude range, endurance, and weight, and they may be used for both military and commercial purposes. UAVs have made tremendous progress since their beginnings due to the vast range of activities.
North America is expected to dominate the market
On the basis of geography, the artificial intelligence in modern warfare market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. In 2019 budget, the US department of defense has proposed $9.39 billion for unmanned systems and related technology. This plan included money for the purchase of 3,447 new drones for use in the air, on land, and at sea. The pentagon has announced new research projects focused on autonomy and artificial intelligence, as well as an 81 percent increase in funding for project maven, an artificial intelligence program.
Segments
Segments Covered in the Report
The artificial intelligence in modern warfare market has been segmented on the basis of
Type of equipment
- Unnamed Aerial Vehicle
- Unmanned Ground Vehicle
- Combat Systems
- Recovery and Maintenance Vehicle
- Reconnaissance and Surveillance Vehicle
- Medical Evacuation Vehicle
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Intel Corporation
- IBM Corporation
- The Boeing Company
- General Dynamics Corporation
- Alphabet Inc. (Google Inc.)
Competitive Landscape
Key players competing in the AI in modern warfare market include Intel Corporation; IBM Corporation; The Boeing Company; General Dynamics Corporation; and Alphabet Inc. (Google Inc.).
Due to rising military requirements ranging from intelligence, surveillance, and reconnaissance to offense/defense balances and even nuclear weapons systems the market is developing. Companies such as Boeing, General Dynamics Corporation, and IBM Corporation are using breakthroughs in AI, deep learning, and robotics to develop new military capabilities that may disrupt military strategy.
Intel purchased artificial intelligence firm Vertex.ai, the creators of the PlaidML portable deep learning engine, in August 2018. Intel's product roadmap and ambitions to win the AI chip battle align with the acquisition.
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