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3. Artificial Intelligence in Military Companies - Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US) are the Key Players

The AI in Military Market is estimated to be USD 9.2 Billion in 2023 and is projected to reach USD 38.8 Billion by 2028, at a CAGR of 33.3% from 2023 to 2038. The market growth can be attributed to the improved adoption of intelligent unmanned vehicles and increasing threats of cyber-attacks.

Major Artificial Intelligence in Military Companies Include:

• Lockheed Martin Corporation (US)
• Raytheon Technologies Corporation (US)
• Northrop Grumman Corporation (US)
• BAE Systems plc (US)
• Thales Group (France)

To strengthen their position in this market, these companies have implemented a variety of growth strategies which include high R&D investment, new product and service launches, collaborations & expansions, contracts, partnerships, and agreements.

To know about the assumptions considered for the study download the pdf brochure

Lockheed Martin Corporation

Lockheed Martin Technologies is a leading player in the AI in military market. It manufactures a variety of equipment and solutions for this sector. The Advanced Development Programs (ADP) organization, also known as Skunk Works, is a subsidiary of Lockheed Martin, which focuses on developing artificial intelligence solutions to speed up decisions in various fields, allowing the user to focus more on strategic tasks. For decades, Lockheed Martin has been developing trusted AI technologies to help humans maximize safety, performance, and situational awareness across land, sea, air, space, cyber, and electromagnetic spectrum domains.

Raytheon Technologies Corporation

Raytheon Technologies Corporation is one of the leading companies that provide products for defense, civil government, and cybersecurity applications. Raytheon applies artificial intelligence and machine learning to solutions in areas of predictive equipment maintenance, language classification of handwriting, and automatic target recognition. It also employs them to improve the intelligence, surveillance, and reconnaissance capabilities of the US and allied armed forces by integrating it across ISR capabilities to help warfighters make decisions faster with a reduced workload. The merger of Raytheon Company and United Technologies Corporation will create more opportunities for both companies.

BAE Systems

BAE Systems secures a major share in the defense and military markets. The US-based company is a key supplier of AI in the military sector to the US and is the world's second-largest defense contractor. It showcases strong experience in developing next-generation technologies such as electronic warfare and artificial intelligence, among others. Applied Intelligence Laboratories (AI Labs) is the research and technology arm of the BAE Systems’ Applied Intelligence business. BAE Systems' Autonomy R&D teams have been inventing, evolving, and implementing world class autonomous solutions for over 25 years. Their work includes pioneering data fusion, machine learning, and dynamic planning & control technologies. These innovations give autonomous systems the ability to assess information from multiple sources to develop situational understanding, learn about changes in the operational environment, and act accordingly by making informed decisions optimized for missions.

Northrop Grumman Corporation

Northrop Grumman (US) focuses on new product launches, contracts, and agreements to enhance its product offerings and increase its market share. The company has a broad product portfolio and a wide regional presence. It leverages the use of technologies like artificial intelligence and machine learning to develop systems like autonomous aerial & ground vehicles, intelligent aerial & naval sensors, and in developing virtual assistants to assist in simplifying complex tasks.

Thales Group

Thales is a French company that manufactures, markets, and sells electronic equipment and systems for the aeronautics, naval, and defense sectors. The company has been developing artificial intelligence systems as per the requirements of the environments in which its customers operate, where critical operations require safety, responsibility, and compliance with standards, laws, and ethical principles. Thales also offers a weapons platform called RAPIDFire for fixed point defense, which it claims utilizes target recognition software to govern airspace and appropriately determine whether or not a target is hostile using machine vision.

Related Reports:

Artificial Intelligence (AI) in Military Market by Offering (Software, Hardware, Services), Technology (Machine Learning, Natural Language Processing), Platform (Airborne, Land, Space), Application, Installation Type, Region - Global Forecast to 2028

See Also :

Artificial Intelligence in Manufacturing Companies

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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