The growth of artificial intelligence (AI) in the military sector has been significant and is expected to continue expanding in the coming years.

The rising demand for advanced military equipment is the key factor supporting the growth of artificial intelligence in the military market. In addition, increased government spending in the defense sector has led to larger acceptance of artificial intelligence in the military.

However, lack of trained persons to handle the artificial intelligence-integrated equipment hampers the market growth. Furthermore, the incorporation of quantum computing in AI and the increasing adoption of AI in predictive maintenance in military platforms are responsible for providing lucrative opportunities for the growth of artificial intelligence in the military market.

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North America consists of mainly developed countries such as the U.S. and Canada. U.S. has the most powerful military in the world.

The government of U.S. is increasingly investing in artificial intelligence system to maintain its warfare dominance and overcome the risk of potential threats on computer systems. In addition, the U.S. government proposes to increase its spending on AI in military system to gain a competitive edge over another country.

Furthermore, North America is recognized as the hub of key manufacturers, exporters, and users of AI systems globally and is known to have the strongest AI capabilities driving the growth of the market.

The rise in conflicts between the countries results in improving of the defense services. These conflicts result in surge in use of advanced AI-enabled weapon systems and the integration of latest technologies into current systems to make them more efficient.

The government of every country spends a huge amount on upgrading the defense system. Many governments have established special departments or groups dedicated to planning, initiating, and integrating AI resources into the existing equipment as well as developing new competencies.

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COVID-19 Scenario Analysis:

• COVID-19 pandemic has impacted on large scale on the economy across the world. The lockdown imposed by the government resulted in the shutdown of various industries. Although the artificial intelligence in the military market was able to expand during these unprecedented times. The supply and demand for military weapons continued to grow as government spending increased to improve their defense systems.

• Though artificial intelligence in the military market was able to perform well in the market but lack of raw materials from the suppliers due to interruption of the supply chain led to a slowdown in overall production. However, the market is expected to perform well once the government eases the lockdown restriction.

Artificial intelligence in military refers to the integration of the latest and emerging technology with the military equipment to increase its strength and efficiency. In developed country, military sector is the sector, which receives highest investments.

These investments are used R&D of new technological advancements and for developing advanced equipment to be used at the time of war. AI-equipped military systems are capable of handling large quantities of data efficiently.

In addition, these systems have improved self-control and self-regulation due to its enhanced computing and decision-making abilities. Autonomous weapon platforms use computer vision technology to identify and track objects.

Artificial intelligence can help in the extraction of useful information from equipments such as radars and automatic identification systems. Thus, upgrading the military tools, weapons and equipment’s with latest technologies drives the artificial intelligence in military market growth.

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Key benefits of the report

• This study presents analytical depiction of the artificial intelligence in military market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the artificial intelligence in military market share.
• The current market is quantitatively analyzed to highlight the market artificial intelligence in military growth market scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis based on the present and future competitive intensity of the artificial intelligence in military market.

Leading Industry Players:

1. Lockheed Martin Corporation
2. Northrop Grumman Corporation
3. BAE Systems plc
4. Raytheon Technologies Corporation
5. General Dynamics Corporation
6. Thales Group
7. IBM Corporation
8. Boeing Company
9. SAIC (Science Applications International Corporation)
10. L3Harris Technologies, Inc.
11. CACI International Inc.
12. Leidos Holdings, Inc.
13. Palantir Technologies Inc.
14. NVIDIA Corporation
15. Microsoft Corporation
16. Amazon Web Services (AWS)
17. Google (Alphabet Inc.)
18. Elbit Systems Ltd.
19. Rheinmetall AG
20. Harris Corporation

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