Artificial Intelligence & Robotics for Defense Market 2019 Global Top players, Share, Trend, Technology, Growth Analysis & Forecast to 2027

(ABNewswire via Comtex)

 

Artificial Intelligence & Robotics for Defense Market 2019

Description: -

The new market research report is forecasted that the global Artificial Intelligence & Robotics for the defense market will grow at 5.04 percent of the Compound Annual Growth Rate during the forecast period, i.e., from 2019 to 2027. In the year 2018, which is the based year for this report, the market value was USD 39.22 billion. However, looking at the growing demand for AI and robotics in the defense sector, it is estimated that by the end of 2027, the market will cross USD 61 billion.

 

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Key Players

Alphabet
Airbus Defence, Space
Amazon
AMD
Apple Inc
Baidu
Boeing
Deep Mind Technologies
Facebook
General Vision Inc
Intel
Lockheed Martin
Leonardo
Microsoft

As per the market research experts, the demand for AI and robotics systems in defense is expected to be propelled by the extensive investment made by major developing countries such as Israel, China, the United States, Russia, and others. The countries are investing money in developing next-level defense system. On the other side, the demand for such a system in consumer countries, mostly Asian countries is also growing with time. This is also expected to trigger market growth in the coming years.

On the other side, massive demand for data processing is driving the growth of AI in the defense sector. By using artificial intelligence technology, the defense industry carries our various operations, including tactical, strategical, and operational level planning. It has been marked that various defense forces are now employing AI and robots in different applications such as battlefield operations, guided munitions, and unmanned systems. The growing demand for developing military equipment to enhance security is significantly contributing to the growth of Artificial Intelligence & Robotics.

Global Market Segmentation Analysis

The world Artificial Intelligence & Robotics in the defense market is segmented by component, by platform, by technology, and by region. Based on the platform, it is split into naval, air and land. The land platform segment is expected to dominate the market in the coming years. Considering the components, it is divided into service, software, and hardware. Now coming to technology-based segment, this segment includes learning & intelligence, computer vision, AI systems, advanced computing, and robotics. Among them, robotics segment is anticipated to witness highest market share. The reason behind this is increase in procurement of such systems by various countries to strengthen their security level.

Geographical Market Segmentation Analysis

The worldwide market for Artificial Intelligence & Robotics in defense, based on region, is segmented into North America, South America, Middle East & Africa, Asia Pacifica, and Europe. Apart from regions, the study report includes market information from different countries of those regions. So, some of the major countries are China, Israel, France, Germany, India, Japan, Korea, the United States, the United Kingdom, Russia, and more. The new report suggests that the North America region is anticipated to witness the maximum share of global AI and robotics in defence market. In the second place, there will be the Asia Pacific regional market. Some Asian countries such as Japan, South Korea, China, and India are now investing more in such system.

Industry Updates

In October 2019, a Lockheed Martin company named Sikorsky introduced its concept for lethal and agile compound coaxial helicopter called the RAIDER X. The prototype offers a high-level of performance, better adaptability, digital design and more. The company also informed that it would soon launch new products which will be based company’s X2 technology.

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Table of Contents – Major Key Points

1 Introduction

2 Executive Summary

3 Current Technologies and Market Overview of the Artificial Intelligence, Robotics

4 Drivers and Inhibitors

5 Global Artificial Intelligence, Robotics Market Forecasts by Region

6 Global Artificial Intelligence, Robotics In The Defense Industry- Market Forecasts by Technology

7 Global Artificial Intelligence, Robotics In The Defense Industry- Market Forecasts by End-Use

8 Global Artificial Intelligence, Robotics In The Defense Industry - PEST Analysis

Continued…

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