Artificial Intelligence in Military Market

Contracts and Investments are Key Strategies Adopted by Leading Players to Strengthen their Foothold in the Artificial Intelligence in Military Market

The artificial intelligence in military market is projected to grow from USD 6.26 Billion in 2017 to USD 18.82 Billion by 2025, at a CAGR of 14.75% during the forecast period. Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), IBM (US), BAE Systems (UK), Thales Group (France), NVIDIA (US), Leidos (US), and SAIC (US) are key players operating in the artificial intelligence in military market.

Top 2 players in the artificial intelligence in military market  

Lockheed Martin (US) is a key player in the artificial intelligence in military market. The company is focused on increasing R&D investments to develop next-generation products. It has a strong product portfolio and wide geographic presence. The Artificial Intelligence Laboratory of the company develops and applies artificial intelligence technology to distributed, real-time, and autonomous systems for military platforms. The laboratory's ability to embed artificial intelligence systems into large software systems allows human decision-makers to increase efficiency and deal with complex, time-sensitive environments. The company is also focused on the adoption of both, organic and inorganic growth strategies to enhance its position in the artificial intelligence in military market. In 2017, Lockheed Martin entered into an agreement with NEC Corporation (Japan) to use System Invariant Analysis Technology (SIAT), an artificial intelligence software developed by NEC for the analysis of data collected by sensors in space.

Raytheon (US) is another key player operating in the artificial intelligence in military market. Raytheon BBN Technologies is one of the company’s premier research & development centers with expertise in Big Data, cloud computing, cyber security, distributed systems, immersive learning, and networking and communications. The company is focused on the development of artificial intelligence and machine learning techniques. Innovative products offered by the company and strategic relationships with its channel partners’ help Raytheon gain a competitive edge over its peers in the artificial intelligence in military market. The company is closely collaborating with its clients and forming strategic alliances with other key players to reinforce its position in the artificial intelligence in military market. In 2017, The California Institute of Technology established a new center for autonomous systems and technology in Pasadena, California. Raytheon is the lead sponsor of the new center that will conduct research on drones, robots, and machine learning.

Other companies operating in the artificial intelligence in military market include IBM (US), BAE Systems (UK), Thales Group (France), NVIDIA (US), Leidos (US), SAIC (US) Northrop Grumman (US), SparkCognition (US), Harris Corporation (US), General Dynamics (US), and Charles River Analytics (US). These companies have adopted the strategy of long-term contracts and new product launches to expand their global reach and enhance their market shares.  

Related Reports:

Artificial Intelligence in Military Market by Offering (Software, Hardware, Services), Technology (Learning & Intelligence, Advanced Computing, AI Systems), Application (Information Processing, Cyber Security), Platform, Region - Global Forecast to 2025

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Report Code
AS 6116
Published ON
Mar, 2018
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