Market Share of Artificial Intelligence and Robotics in Aerospace and Defense Industry
The market for artificial intelligence and robotics in aerospace and defense is highly fragmented, with the presence of several players, including robot manufacturers and OEMs that offer products and solutions incorporating AI hardware and software for aerospace and defense end users. In addition, the market comprises AI and robotic technology providers for OEMs. Some of the leading players in the artificial intelligence and robotics in aerospace and defense market are The Boeing Company, Lockheed Martin Corporation, Airbus SE, IBM Corporation, and Thales Group. To expand their presence in the market, companies are partnering with aerospace and defense OEMs to develop new and advanced AI-based solutions that will enhance the safety and efficiency of operations by streamlining mission effectiveness. On this note, in October 2021, IBM and Raytheon Technologies signed a partnership agreement to develop advanced AI, cryptographic, and quantum solutions for the aerospace, defense, and intelligence industries. The systems integrated with AI and quantum technologies are expected to have better-secured communication networks and improved decision-making processes for aerospace and government customers. Also, defense OEMs are collaborating on developing autonomous features and sophisticated acoustic and imaging sensors (like cameras, radar, sonar, GPS, etc.) to decrease the pilot involvement operation of systems in complex, variable, and communication-limited environments. Such partnerships and developments are anticipated to support the growth of the players in the coming years.
AI and Robotics in Aerospace and Defense Market Leaders
Lockheed Martin Corporation
Airbus SE
IBM Corporation
The Boeing Company
Thales Group
*Disclaimer: Major Players sorted in no particular order
