According to the research report titled ‘Global Artificial Intelligence in Military Market Size study, by Application (Warfare platforms, Cybersecurity, Logistics & transportation, Surveillance & situational awareness, Command & control, Battlefield healthcare, Others), by Technology (Machine learning, Natural language processing, Context-aware computing, Computer vision, Intelligent virtual agent, Others), by Platform (Airborne, Land, Naval, Space) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global artificial intelligence in military market was assessed at USD 6.3 billion in 2020 and is anticipated to accrue USD 14.82 billion by 2027, expanding at 13% CAGR between 2021 and 2027.
 

Increasing government expenditure to improve AI capabilities in defense sector, coupled with growing number of international conflicts, such as Syrian civil war, Saudi Arabia-Yemen conflict, US-Iran conflicts, and India-China tensions, are the key growth stimulants for global artificial intelligence in military market.
 

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As per the Stockholm International Peace Research Institute (SIPRI), total military expenditure was USD 1981 billion in 2020, which is 2.6% higher as compared to 2019.
 

For the unversed, artificial intelligence in military leverages the ability of a computer controlled robot or a digital computer to complete tasks which are normally performed by intelligent beings. It is primarily used to enable autonomous systems to conduct missions, achieve sensor fusion, and make better & quicker decisions as compared to humans.
 

While incorporation of quantum computing in AI will facilitate revenue inflow, high manufacturing & installation costs are poised to act as a challenge for businesses in this domain.
 

Based on platform, worldwide artificial intelligence in military market sphere is split into airborne, land, naval, and space. Speaking of application spectrum, the business sphere is divided into logistics & transportation, warfare platforms, command & control, surveillance & situational awareness, cybersecurity, battlefield healthcare, and others. Moving on to technology, the industry is bifurcated into context-aware computing, machine learning, natural language processing, computer vision, intelligent virtual agent, and others.
 

From regional frame of reference, North America held majority of global artificial intelligence in military market share in the past year, owing to growing number of defense manufacturers, and increasing investment in AI research. Meanwhile, Asia Pacific market is projected to witness substantial growth between 2021-2027, due to rising military budget, and territorial disputes between countries.
 

Key players profiled in the report are Thales Group, BAE Systems plc, General Dynamics Corporation, Lockheed Martin Corporation, Charles River Analytics Inc., International Business Machines Corporation, The Raytheon Technologies Corporation, Boeing Company, Rafael Advanced Defense Systems Ltd., and Northrop Grumman Corporation.