The rising demand for advancement of defense forces using artificial intelligence technology in land, sea, air, and space platform is responsible for the growth of AI-based military market. Moreover, to decrease human loss in warfare and increase precision of operations, the armed forces are adopting latest technologies such as humanoid robots, artificially intelligent robots, drones, automated missile systems, Internet of Battle Things, and cyborgs.

The major driving force behind the growth of the military artificial intelligence and cybernetics market is the increase in the defense expenditure in various countries such as the U.S., India, Russia, China, Saudi Arabia, South Korea, and South Africa.

The report by BIS Research, titled, “Global Military Artificial Intelligence (AI) and Cybernetics Market - Analysis and Forecast, 2019-2024” tracks the particular market segmented on the basis of platforms, technologies, applications, services, and regions. Compiled in an insightful bunch of 256 pages including 179 figures and 13 market tables, the global military artificial intelligence market report by BIS Research projects the market to grow at a significant CAGR 18.66% (by value) and 18.09% (by volume) during the forecast period 2019-2024.

The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

Cybersecurity Segment: The Most Used Application in Military Artificial Intelligence Market

The military artificial intelligence market by application includes, cybersecurity, warfare platform, surveillance, logistics and transportation, autonomous weapons and targeting system, battlefield healthcare and stimulation. Cybersecurity segment dominated the global military artificial intelligence and cybernetics market with a market share of approximately 30.47% in 2018. This is due to high demand from defense for artificial intelligence, that can potentially check high data breaches in military and defense networks.

Naval Platform: Fastest Growing Platform in Global Military Artificial Intelligence Market

Naval platforms hold major market share in 2018. The growth of the naval segment can be attributed to the rising automation in various naval equipment such as submarines, unmanned marine vehicle, and ships. For instance, in October 2018, Lockheed Martin received a contract of $5.8 million from the office of Naval Research for applying artificial intelligence to train robots for supervision and for optimizing 3-D printing of complex parts.

North America: A Forefront Region of the Military Artificial Intelligence Market

The military artificial intelligence market has witnessed different market dynamics across various regions of the globe. Moreover, the military artificial intelligence manufacturing companies have witnessed rising demand from countries such as Germany, China, the U.K., and the U.S.

North America dominated the military artificial intelligence market in 2018 and the U.S. recorded the highest market revenue of $2,191.4 million in 2018. Asia-Pacific, including the major countries, such as China, India, Japan, Australia, and South Korea, is the second most prominent region for the military artificial intelligence market and is expected to witness the highest growth rate from 2019 to 2024.

The competitive landscape of the military artificial intelligence market exhibits an inclination toward emerging strategies and developments by market players. The key players that are actively participating in the global military artificial intelligence market include General Dynamics, Lockheed Martin, Northrop Grumman Corporation, Raytheon, Harris Corporation, BAE System, Thales group, Boeing, Charles River Analytics, Leidos, Soar Tech, SparkCognition, SAIC, and IBM.