Global Artificial Intelligence In Modern Warfare Market Growth Analysis 2024, Forecast To 2033
8 Mar, 2024
The artificial intelligence in modern warfare market surged from $4.53 billion in 2023 to $6.38 billion in 2024, with a 40.8% CAGR, due to military modernization. Forecasts indicate growth to $22.63 billion by 2028, driven by autonomous systems and cyber warfare, with trends in explainable AI and logistics optimization.
Global Artificial Intelligence In Modern Warfare Market Key Driver
The growing threat of cyberattacks is expected to propel the growth of artificial intelligence in the modern warfare market. Cyberattacks, any unauthorized access to computer systems causing damage, are increasing. AI in modern warfare enhances cybersecurity, defending against such threats. For instance, in March 2023, FBI reported 847,376 complaints of online frauds, leading to a $6.9 billion loss, driving the adoption of AI for defense systems.
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The artificial intelligence in modern warfare market covered in this report is segmented –
1) Type:Weaponized Artificial Intelligence, Defensive Artificial Intelligence, Offensive Artificial Intelligence, Assisting Artificial Intelligence, Autonomous Artificial Intelligence
2) Type Of Equipment:Unmanned Aerial Vehicle, Unmanned Ground Vehicle, Combat Systems, Recovery And Maintenance Vehicle, Reconnaissance And Surveillance Vehicle, Medical Evacuation Vehicle
3) Application:Tactical Defensive, Military Offensive
By Geography: The countries covered in the artificial intelligence in modern warfare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the artificial intelligence in the modern warfare market in 2023. The regions covered in the artificial intelligence in modern warfare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Artificial Intelligence In Modern Warfare Industry Players
Microsoft Corporation; Raytheon Technologies Corporation; Boeing Co.; Lockheed Martin Corporation; International Business Machines Corporation; General Dynamics Corporation; Northrop Grumman Corporation; BAE Systems plc; Thales Group; L3Harris Technologies Inc.; Leonardo S.p.A; Textron Inc.; Booz Allen Hamilton Holding Corporation; Science Applications International Corporation Inc.; Rheinmetall AG; CACI International Inc.; Elbit Systems Ltd.; Rafael Advanced Defense Systems Limited; General Atomics Aeronautical Systems Inc.; Qinetiq Ltd.; Palantir Technologies Inc.; Teledyne FLIR LLC; Shield AI Inc.; SparkCognition Inc.; Roboteam Inc.; Stryke Industries LLC
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Artificial Intelligence In Modern Warfare Market Overview
Artificial intelligence (AI) in modern warfare refers to developing and deploying various technologies that leverage artificial intelligence to improve accuracy and safety in military operations, enabling autonomous decision-making, improved intelligence collection, and improved surveillance, targeting, logistics, and cybersecurity capabilities. It entails creating and using artificial intelligence (AI)-driven machines and systems to support human military troops and improve overall effectiveness and efficiency on the battlefield.