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Artificial Intelligence in Military Market Size – USD 6.50 Billion in 2020, Market Growth – at a CAGR of 13.4%
VANCOUER, BC, CANADA, December 6, 2021 /EINPresswire.com/ — The latest research report specializes in the in-depth analysis of the macroeconomic and microeconomic factors affecting the global Artificial Intelligence in Military Market development. The report also concentrates on the regulatory framework that is shaping the future of the global . New and existing pricing structures, emerging application areas, and upcoming investment opportunities have also been detailed in the report. The report further studies the projected growth factors that are expected to influence the market dynamics over the forecast timeframe.
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The global Artificial Intelligence (AI) for military market 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.
Some Key Highlights From the Report
Cyber security segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Development of new tools and technologies have led to an inclining rate of cybercrimes globally. Similarly, there has been a significant increase in state-sponsored cyberattacks and private and government agencies are gradually adopting AI-based tools that can be used to predict, prevent, and respond to cyber threats efficiently.
Deep learning segment is expected to registera significantly robust revenue growth rate over the forecast period. This growth can be attributed to increasing need for more advanced solutions for processing large volumes of big and development of AI algorithms for better decision-making. Also, development of intelligent systems to detect threats during real life combat situations would propel growth of this segment.
The market in North America is expected to account for largest revenue share over the forecast period due to robust presence of key market players, including Lockheed Martin Corporation, NVIDIA Corporation, and BAE Systems, Inc. among others in developed countries in the region.
Key Companies in the Artificial Intelligence in Military Market include:
Lockheed Martin Corporation, NVIDIA Corporation, BAE Systems, Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, Textron Inc., SparkCognition Government Systems, Arkray, Inc., and Leidos Inc.
Major benefits of the report:
The report discusses in detail the changing dynamics of the competitive landscape
The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
The report encompasses a detailed forecast for the years 2020-2028
Browse complete Artificial Intelligence in Military Market report description and visit our website @ https://www.emergenresearch.com/industry-report/artificial-intelligence-in-military-market
Key Benefits of Buying the Global Report:
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Artificial Intelligence in Military Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Artificial Intelligence in Military Market
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
Key Objectives of the Artificial Intelligence in Military Market Report:
Examine the size of the global Artificial Intelligence in Military Market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Artificial Intelligence in Military Market .
Explore the underlying dynamics of the global Artificial Intelligence in Military Market .
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Key Topics Covered in the Report
Artificial Intelligence in Military Market Size, Growth, and Forecast
Artificial Intelligence in Military Market Segmentation
Artificial Intelligence in Military Market Country and Regional Analysis
Artificial Intelligence in Military Market , by Country
Artificial Intelligence in Military Market , by region
The Artificial Intelligence in Military Market report is created using primary and secondary research. Primary research involves collection of first-hand information from the industry players by our team. Secondary research involves collection of information from various paid and unpaid sources which is backed by industry experts and analysts.
Application Outlook (Revenue, USD Billion; 2018–2028)
Reconnaissance and Intelligence gathering
Surveillance and Counterinsurgency
Technology Outlook (Revenue, USD Billion; 2018–2028)
Smart Quantum Technology
Natural Language Processing
Global Artificial Intelligence in Military Market Geographical Landscape – Synopsis:
The report closely studies the growth trajectory of the global Artificial Intelligence in Military Market . It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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Overview of the TOC of the Report:
Introduction, Scope, and Overview
Opportunities, Risks, and Drivers
Competition landscape analysis with sales, revenue, and price
Extensive Profiling of the key competitors with the sales figures, revenue, and market share
Regional analysis with sales, revenue, and market share for each region for the forecast period
Country-wise analysis of the Irrigation Automation market by type, application, and manufacturers
Artificial Intelligence in Military Market Segmentation based on types
Artificial Intelligence in Military Market segmentation based on applications
Historical and forecast estimation
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December 06, 2021, 09:18 GMT
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