AI In Military Market Growth Expected to See Next Level: Raytheon, Machine Halo, Boeing

According to HTF Market Intelligence, the AI In Military Market is Anticipated to grow at a CAGR of 33.3% during the forecast period.

PUNE, MAHARASHTRA, INDIA, September 3, 2024 /EINPresswire.com/ -- The Global AI In Military Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2030. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Machine Halo (United States), Lockheed Martin (United States), Northrop Grumman (United States), Raytheon Company (United States), Thales Group (France), Bae Systems (United Kingdom), IBM (United States), General Dynamics (United States), Soartech (United States), Nvidia (United States), Sparkcognition (United States), Saic (United States), Charles River Analytics (United States), Leidos (United States), Boeing (United States), GovBrain (United States), ShieldAI (United States).

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Definition:
AI in the military refers to the application of artificial intelligence technologies and techniques to various aspects of defense and military operations. It encompasses a wide range of capabilities and applications aimed at enhancing military effectiveness, efficiency, and decision-making processes.

Market Trends:
●Integration of AI into military platforms such as drones, autonomous vehicles, and cyber defense systems.

Market Drivers:
●Increasing adoption of AI-driven technologies for enhancing military capabilities. ●Need for autonomous systems to reduce human risk in combat operations.

Market Opportunities:
●Collaboration between defense contractors, technology companies, and academia to advance AI capabilities.

Market Leaders & Development Strategies
●On 13th December 2023, IBM signed an agreement with the NATO Communications and Information Agency (NCI Agency) to improve the Alliance's cybersecurity stance. The collaboration is focused on strengthening security visibility and asset management throughout all NATO enterprise networks.
●On 5th November 2022, BAE Systems plc, a multinational corporation specializing in arms, security, and aerospace, joined forces with Inzpire, a defense-managed services provider. Together, they aim to create a unified synthetic training environment. This collaboration involves pooling the expertise of Inzpire's training specialists with BAE Systems to develop a platform enabling armed units to safely train with real-world mission software and tactics, offering immersive and high-fidelity training experiences.

Global AI In Military Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: Machine Halo (United States), Lockheed Martin (United States), Northrop Grumman (United States), Raytheon Company (United States), Thales Group (France), Bae Systems (United Kingdom), IBM (United States), General Dynamics (United States), Soartech (United States), Nvidia (United States), Sparkcognition (United States), Saic (United States), Charles River Analytics (United States), Leidos (United States), Boeing (United States), GovBrain (United States), ShieldAI (United States).

Additionally, Past Global AI In Military Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the AI In Military market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.

AI In Military Product Types In-Depth: Hardware, Software, Services

AI In Military Major Applications/End users: Cyber Security, Battlefield Healthcare, Logistics and Transportation, Information Processing, Warfare Platform

AI In Military Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Nidhi Bhawsar
HTF Market Intelligence Consulting Private Limited
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