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 Market Study Report, global artificial intelligence in military market amassed USD 6.3 billion in 2020 and is speculated to reach USD 14.82 billion by 2027, expanding at 13% CAGR between 2021-2027.
 

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

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According to the Stockholm International Peace Research Institute (SIPRI), total military expenditure was valued at USD 1981 billion in 2020, which is a 2.6% rise as compared to 2019.
 

For the record, artificial intelligence in military refers to the ability of a computer-controlled robot or a digital computer to perform tasks that are usually completed by intelligent beings. It is used predominantly to achieve sensor fusion, enable autonomous systems to conduct missions, and make quicker & better decisions as compared to humans.
 

While incorporation of quantum computing in AI will propel global artificial intelligence in military market growth, high costs of installation & manufacturing are poised to act as restraint.
 

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

Regionally speaking, North America led the worldwide artificial intelligence in military market forecast in the recent past, due to increasing investment in AI research, and rising number of defense manufacturers. Meanwhile, Asia Pacific market is speculated to expand rapidly between 2021-2027, owing to territorial disputes between countries, and increasing military budget.
 

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