Global Artificial Intelligence and Analytics in Defense Market Size

AI and Analytics in Defense Market Analysis

Artificial Intelligence (AI) and Analytics in the Defense market is expected to grow with a CAGR of over 13% during the forecast period (2022-2027).

• The global defense sector witnessed a mild impact of the COVID-19 pandemic. The global military expenditure reached approximately USD 2 trillion in 2020. With exponentially increasing military intelligence capabilities, it became imperative to use AI and Analytics in the global defense sector to monitor various parameters of a vehicle or personnel. At the same time, the high defense spending by various military powerhouses of the world had led to significant investment into this sector of the global defense agencies, leading to a relatively low impact on the market during the pandemic.
• Artificial intelligence and analytics in the defense sector is the major aspect of strengthening military forces. Major countries are highly investing in next-generation technologies to transform their defense capabilities. AI-enabled military devices efficiently handle large amounts of data. Also, AI technology has improved self-control, self-regulation, and self-actuation due to its enhanced computation and decision-making skills. AI in defense provides numerous advantages, such as strategic decision-making, target recognition, combat simulation, threat monitoring, and cybersecurity.
• The latest trend in the defense sector is replacing conventional defense equipment with smart robots and intelligent machines. The future war systems will be dominated by unmanned systems and automatic weapons that provide enhanced operational efficiency and accuracy during warfare situations. Thus, growing investment in research and development and rising adoption of next-generation technologies in defense will drive market growth during the forecast period.