Artificial Intelligence in Military Market Key Players Is Taking Huge Risks of Enormous Investments Due to Increasing DePosted by Amrut Mahajani on February 3rd, 2023  The Artificial Intelligence in Military Market is estimated at USD 6.3 billion in 2020 and is projected to reach USD 11.6 billion by 2025, at a CAGR of 13.1% during the forecast period. Based on technology, the machine learning segment is expected to lead the market from 2020 to 2025. The growth of the market for artificial intelligence in the military sector can be attributed to the increasing investment in the development of AI-integrated systems and the rising adoption of cloud-based applications and high-performance computers. However, protectionist policies and lack of standard protocols, leading to limited access to military platforms, are acting as a restraint to the growth of this market. That being said, the high cost of research & development and equipment, as well as the complexity of the development cycles of these systems, restrain the market growth. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41793495 Major manufacturers in this market are based in North America, followed by Europe. Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), Thales Group (US), BAE Systems Plc. (UK), Rafael Advanced Defense Systems (Israel), and General Dynamics (US), among others, are the key manufacturers that secured AI in Military contracts in the last few years. A major focus was given to the development of new products due to the changing requirements of armed forces across the world. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development activities further to expand their presence in the Artificial Intelligence in the Military market. Lockheed Martin Technologies (US) is a leading player in Artificial Intelligence in the military market. It manufactures a variety of equipment and solutions for this sector. The Advanced Development Programs (ADP) organization, also known as Skunk Works, is a subsidiary of Lockheed Martin, which focuses on developing artificial intelligence solutions to speed up decisions in various fields, allowing the user to focus more on strategic tasks. For decades, Lockheed Martin has been developing trusted AI technologies to help humans maximize safety, performance, and situational awareness across land, sea, air, space, cyber, and electromagnetic spectrum domains. In August 2020, Lockheed Martin signed a collaboration with the University of Southern California (USC) Information Sciences Institute Space Engineering Research Center to build mission payloads for a small satellite program called La Jument, which enhances AI and ML space technologies. Raytheon Technologies Corporation (US) is one of the leading companies that provide products for defense, civil government, and cybersecurity applications. Raytheon applies artificial intelligence and machine learning to solutions in areas of predictive equipment maintenance, language classification of handwriting, and automatic target recognition. It also employs them to improve the intelligence, surveillance, and reconnaissance capabilities of the US and allied armed forces by integrating it across ISR capabilities to help warfighters make decisions faster with a reduced workload. The merger of Raytheon Company and United Technologies Corporation will create more opportunities for both companies. In October 2020, Raytheon Intelligence & Space launched a new hardware emulation and software analysis tool called DejaVM that provides a virtualized environment to evaluate and reduce cyber threats against mission-critical systems in a modern networked space. BAE Systems (UK) secures a major share in the defense and military markets. The US-based company is a key supplier of AI in the military sector to the US and is the world's second-largest defense contractor. It showcases strong experience in developing next-generation technologies such as electronic warfare and artificial intelligence, among others. Applied Intelligence Laboratories (AI Labs) is the research and technology arm of the BAE Systems Applied Intelligence business. BAE Systems' Autonomy R&D teams have been inventing, evolving, and implementing world-class autonomous solutions for over 25 years. Their work includes pioneering data fusion, machine learning, and dynamic planning & control technologies. These innovations give autonomous systems the ability to assess information from multiple sources to develop situational understanding, learn about changes in the operational environment, and act accordingly by making informed decisions optimized for missions. In November 2020, BAE Systems received a five-year contract worth USD 94 million from the US Navy to deliver advanced technology capability, engineering, test, and evaluation support for sensors as well as communication, control, and weapon systems for manned and unmanned airborne platforms. Northrop Grumman (US) focuses on new product launches, contracts, and agreements to enhance its product offerings and increase its market share. The company has a broad product portfolio and a wide regional presence. It leverages the use of technologies like artificial intelligence and machine learning to develop systems like autonomous aerial & ground vehicles, intelligent aerial & naval sensors, and in developing virtual assistants to assist in simplifying complex tasks. In September 2020, Northrop Grumman secured a contract worth USD 690 million from the US General Services Administration’s (GSA) Federal Systems Integration and Management Center (FEDSIM) and the Defense Intelligence Agency for its Transforming All-Source Analysis with Location-based Object Services (TALOS) program. Thales is a French company that manufactures, markets, and sells electronic equipment and systems for the aeronautics, naval, and defense sectors. The company has been developing artificial intelligence systems as per the requirements of the environments in which its customers operate, where critical operations require safety, responsibility, and compliance with standards, laws, and ethical principles. Thales also offers a weapons platform called RAPIDFire for fixed point defense, which it claims utilizes target recognition software to govern airspace and appropriately determine whether or not a target is hostile using machine vision. In January 2020, Thales launched Cybels Analytics, a cybersecurity platform focused on sophisticated artificial intelligence and big data analytics technology. Our Other Publications: Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027 Software Defined Radio Market by Platform (Airborne, Maritime, Land, Space), Application (Government & Defense, Commercial), Component (Hardware, Software), Type, Frequency (Single Band, Multi-Band), and Region - Global Forecast to 2027 Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030 Contact: Like it? Share it! More by this author |