Artificial Intelligence (AI) in Modern Warfare Market - Growth, Trends and Forecast (2019 - 2024)

The Artificial Intelligence in Modern Warfare Market is Segmented by Type of Equipment (Unnamed Aerial Vehicle, Unmanned Ground Vehicle, Combat Systems, Recovery and Maintenance Vehicle, Reconnaissance and Surveillance Vehicle, Medical Evacuation Vehicle), and Geography.

Market Snapshot

AI in warfare summary
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

40.25%

Key Players:

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Market Overview

The artificial intelligence in modern warfare market was valued at USD 1,036.584 million in 2018, and it is expected to reach a value of USD 7,687.182 million by 2024, at a CAGR of 40.25% during the forecast period (2019-2024). China is betting on AI to enhance its defense capabilities and is expected to become the world leader in this field by 2030.

  • The increasing demand for weapons of mass destruction is driving the growth of the market. The growth in the testing of nuclear weapons by countries, like North Korea, is also contributing to the growth of these weapons. These weapons are radiological, biological, or chemical in nature, therefore they are harmful. 
  • The emergence of extremist organizations across the world, such as ISIS, has led to an increased emphasis on the use of technology, in the fields of counter-terrorism and defense activities. Through continued experiments and studies, automated vehicles have been identified to act as force multipliers.
  • Although, AI is a growing element in the military strategy of many countries, the European Union and China have been engaging in the issue of AI ethics. Many leading human rights organizations argue that the use of weapons, such as armed drones, will lead to an increase in civilian deaths and unlawful killings. Others are concerned that unregulated AI will lead to an international arms race.

 

Scope of the Report

Applications, like data aggregation from nation-wide databases, practice tools for training troops, bioinformatics, and the security options that AI technology offers can be optimized with intelligent computers. It is due to this competency the technology offers; scientists have started applying AI in the defense sector to make up for the limitations that humans have. They are increasingly using unmanned aerial vehicles, unmanned ground vehicles, recovery and maintenance vehicles and combat system which take advantage of AI. 

 

By Type
Unmanned Aerial Vehicle
Unmanned Ground Vehicle
Combat Systems
Recovery and Maintenance Vehicle
Reconnaissance and Surveillance Vehicle
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa

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Key Market Trends

Unmanned Aerial Vehicles Expected to Dominate the Market

  • Due to the wide variety of operations, they can perform in the current scenario, Unmanned Aerial Vehicles (UAV) have made significant strides since their inception.
  • Engineers have been identified to harness the capability of UAV, to collect visual and thermal data over vast areas, at a much higher precision than before.
  • With appropriate data analytics, this information is being used by the military for various purposes, which include security and control, aerial reconnaissance, access chemical, biological and nuclear conditions, and to strategize the required measures. 
Drone budget AI warfare

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North America to Account for a Major Share

  • The US Department of Defense has requested approximately USD 9.39 billion for unmanned systems and associated technologies in the 2019 budget. This proposal includes funding for the procurement of 3,447 new air, ground, and sea drones.
  • The 2019 budget proposal represents a significant expansion in drone spending over the FY 2018 requested budget, which contained approximately USD 7.5 billion in drone-related spending and orders for 807 drones. 
  • The Pentagon has introduced new research programs that address autonomy and artificial intelligence and has boosted funding for Project Maven, an artificial intelligence program, by 81 percent to over USD 100 million. This increased spendong is a maojr factor boosting the growth of the market in the region.
AI warfare map

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Competitive Landscape

The market is growing slowly due to increasing military requirements from intelligence, surveillance, and reconnaissance to offense/defense balances and even on to nuclear weapons systems themselves. Companies, like Boeing, General Dynamics Corporation, and IBM Corporation, are taking advantage of the advances in artificial intelligence (AI), deep-learning, and robotics to enable new military capabilities that will have a disruptive impact on military strategies. 

  • April 2019: Boeing completed 96 flights, testing the performance of the 737 Max with updated software for the plane’s flight control system. The test flights are one prong of a broad effort by Boeing to get the Max back in the air.
  • March 2019: The US Army Contracting Command – Aberdeen Proving Ground (ACG-APG) awarded General Dynamics Mission Systems a contract to provide electronic and cyber warfare capabilities to the US Army Program Executive Office Intelligence, Electronic Warfare, and Sensors (PEO IEW&S). 
  • August 2018: Intel bought artificial intelligence startup Vertex.ai, makers of a portable deep learning engine called PlaidML. The acquisition lines up with Intel's product roadmap and efforts to win the AI chip war.

Major Players

  1. The Boeing Company
  2. General Dynamics Corporation
  3. Alphabet Inc. (Google Inc.)
  4. IBM Corporation
  5. Intel Corporation

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Overview

    2. 5.2 Introduction to Market Drivers and Restraints

    3. 5.3 Market Drivers

      1. 5.3.1 Growth in Weapons of Mass Destruction Boost the Opportunity for Artificial intelligence in Warfare

    4. 5.4 Market Restraints

      1. 5.4.1 Ethical Issues associated with Deployment of AI-based Systems in Military and Defense

    5. 5.5 Value Chain Analysis

    6. 5.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.6.1 Threat of New Entrants

      2. 5.6.2 Bargaining Power of Buyers/Consumers

      3. 5.6.3 Bargaining Power of Suppliers

      4. 5.6.4 Threat of Substitute Products

      5. 5.6.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Unmanned Aerial Vehicle

      2. 6.1.2 Unmanned Ground Vehicle

      3. 6.1.3 Combat Systems

      4. 6.1.4 Recovery and Maintenance Vehicle

      5. 6.1.5 Reconnaissance and Surveillance Vehicle

    2. 6.2 Geography

      1. 6.2.1 North America

        1. 6.2.1.1 United States

        2. 6.2.1.2 Canada

      2. 6.2.2 Europe

        1. 6.2.2.1 Germany

        2. 6.2.2.2 United Kingdom

        3. 6.2.2.3 France

        4. 6.2.2.4 Rest of Europe

      3. 6.2.3 Asia-Pacific

        1. 6.2.3.1 China

        2. 6.2.3.2 Japan

        3. 6.2.3.3 India

        4. 6.2.3.4 South Korea

        5. 6.2.3.5 Rest of Asia-Pacific

      4. 6.2.4 Rest of the World

        1. 6.2.4.1 Latin America

        2. 6.2.4.2 Middle East & Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 The Boeing Company

      2. 7.1.2 General Dynamics Corporation

      3. 7.1.3 Alphabet Inc. (Google Inc.)

      4. 7.1.4 IBM Corporation

      5. 7.1.5 Intel Corporation

      6. 7.1.6 Endeavor Robotics

      7. 7.1.7 JSC Kalashnikov Concern

      8. 7.1.8 Lockheed Martin Corporation

      9. 7.1.9 Northrop Grumman Corporation

      10. 7.1.10 FLIR Unmanned Aerial Systems

      11. 7.1.11 Dassault Aviation

      12. 7.1.12 Raytheon Company

      13. 7.1.13 Roboteam Ltd

      14. 7.1.14 SparkCognition Inc.

      15. 7.1.15 Stryke Industries LLC

      16. 7.1.16 Textron Inc

    2. *List Not Exhaustive
  8. 8. INVESTMENT OUTLOOK

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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