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Artificial Intelligence (AI) in Military Market worth $38.8 billion by 2028 - Exclusive Report by MarketsandMarketstm

CHICAGO, May 29, 2023 /PRNewswire/ -- The Artificial Intelligence (AI) in Military Market is estimated to be USD 9.2 billion in 2023 and is projected to reach USD 38.8 billion by 2028, at a CAGR of 33.3% during the forecast period according to a new report by MarketsandMarketstm. The driving factor for the AI in military market is increase investments on development of AI-enabled solution to strengthen military capabilities, development of high-end AI chips, and need for advanced surveillance systems and situational awareness.


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Artificial Intelligence (AI) in Military Market Report Scope:

Report Coverage


Market Revenue in 2023

$9.2 billion

Estimated Value by 2028

$38.8 billion

Growth Rate

Poised to grow at a CAGR of 33.3%

Market Size Available for


Forecast Period


Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Technology, Platform, Application, Installation Type, Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Concerns related to data privacy and security

Key Market Opportunities

Incorporation of quantum computing in AI

Key Market Drivers

Increase investments on development of AI-enabled solution to strengthen military capabilities

Based on application, the warfare platforms segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the market for artificial intelligence in the military has been segmented into warfare platforms, cybersecurity, logistics and transportation, surveillance and situational awareness, command and control, battlefield healthcare, simulation and training, information processing, threat monitoring, and others.

Military forces worldwide are incorporating AI for the development of efficient warfare systems that are less dependent on human input. It also leads to limited maintenance, increased synergy, and enhanced performance of warfare systems.

Among warfare platforms, electronic warfare (EW) is seen to be widely adopted. EW, as defined by the Department of Defense (DOD), includes "military activities that use electromagnetic energy to control the electromagnetic spectrum ("the spectrum") and attack an enemy." Incorporating artificial intelligence in EW platforms improves situational awareness and reduces reaction time, helping it to improve its efficiency.

Based on installation type, the upgradation segment is projected to grow at the highest CAGR during the forecast period.

Based on installation type, the AI in military industry is segmented into new installation and upgradation. Countries across the globe are increasingly focusing on upgrading their existing defense systems by replacing hardware components as well as updating software modules with the latest available versions in order to gain an advantage over enemy forces during combat situations. The upgradation of military equipment and systems is a continuous process, especially in countries that already integrate technology within their military systems. Upgradation is conducted to keep these systems up-to-date and resilient to new threats such as cyber-attacks, electronic warfare, and enemy signals interference.

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Based on region, the Asia Pacific anticipated to grow at highest CAGR during the forecast period.

The Asia Pacific is projected to grow at the highest CAGR during the forecast period. This growth is attributed to increased funding/investments by countries for the development of AI products. Japan, China, India, Australia, South Korea, and the Rest of Asia Pacific are considered for market analysis in the Asia Pacific region. In addition, the increased focus of both, international as well as domestic players on the AI in military market is contributing to the high demand for AI systems in the region. Increasing insurgencies, territorial and political disputes, and terror attacks in the Asia Pacific region are also fueling the growth of the artificial intelligence market for the military in this region. Favorable regulatory policies for the approval of new AI products are further intensifying the interest of players in the Asia Pacific artificial intelligence market.

Major players operating in the AI in military companies include Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), BAE Systems PLC (UK), and Thales Group (France). These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

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About MarketsandMarketstm

MarketsandMarketstm is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoretm (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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