The artificial intelligence and robotics in aerospace and defense global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Artificial Intelligence And Robotics In Aerospace and Defense Market, 2024
report by The Business Research Company offers comprehensive insights into the
current state of the market and highlights future growth opportunities.
Market Size -
The artificial intelligence and robotics in aerospace and defense market size
has grown rapidly in recent years. It will grow from $22.04 billion in 2023 to
$24.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The
growth in the historic period can be attributed to automation for efficiency,
enhanced situational awareness, military modernization programs, global
security concerns, cost reduction.
The artificial intelligence and robotics in aerospace and defense market size
is expected to see rapid growth in the next few years. It will grow to $36.46
billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in
the forecast period can be attributed to autonomous systems integration,
adoption of ai in maintenance, customization and flexibility, swarm
intelligence, advanced surveillance and reconnaissance. Major trends in the
forecast period include international collaboration, advanced drone
technologies, ai in cybersecurity, human-robot collaboration, rapid
technological advancements.
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Scope Of Artificial Intelligence And Robotics In Aerospace and Defense Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Artificial Intelligence And Robotics In Aerospace and Defense Market Overview
Market Drivers -
The increasing defense expenditure is expected to propel the growth of
artificial intelligence and robotics in the aerospace and defense market going
forward. Defense expenditure, or military expenditure refers to the total
amount of financial resources that a government allocates to fund its military
forces, defense-related activities, and national security initiatives. Defense
expenditure is used in advancing artificial intelligence (AI) and robotics
capabilities within the defense and aerospace sectors to enhance military
capabilities, improve operational efficiency, and contribute to national
security. For instance, in April 2023, according to the Stockholm International
Peace Research Institute, a Sweden-based institute and independent resource on
global security, world military expenditure increased by 3.7% in real terms in
2022 to reach a record high of $2,240 billion. Further, military expenditure in
Europe rose by 13% during the year. US military spending also increased by 8.8%
in nominal terms between 2021 and 2022, but real spending increased by 0.7%
over that same time due to an 8.1% inflation rate. Therefore, increasing
defense expenditure is driving the growth of artificial intelligence and
robotics in the aerospace and defense market.
Market Trends -
Major companies operating in artificial intelligence and robotics in the
aerospace and defense markets are focusing on introducing advanced robotic
systems, such as unmanned ground vehicles, to gain a competitive edge in the
market. An unmanned ground vehicle (UGV) is a robotic system that operates on
land without an onboard human operator. For instance, in May 2021, the Israel
Defense Forces, an Israel-based national military institution, in partnership
with Israel Aerospace Industries (IAI), an Israel-based aerospace and defense
company, launched Jaguar, its new semi-autonomous robotic ground vehicle and
one of the first military robots in the world that can replace soldiers on the
border. It is a revolutionary robotic system that is equipped with dozens of
sensors, an automated driving system, advanced fire capabilities, and a public
address (PA) system. The robot makes use of bright headlights, transmitters,
high-resolution cameras, and a remote-controlled PA system. It can also
self-destruct if it ends up in the hands of an adversary. The Jaguar's
semi-autonomous technology is its most distinctive feature. With the use of
sensors and a sophisticated driving system, the robot can go autonomously to a
predefined location, all the while maintaining complete operational control
over its operators and commanders.
The artificial intelligence and robotics in aerospace and defense market
covered in this report is segmented –
1) By Type: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware
Computing, Computer Vision, Intelligent Virtual Agent (IVA) Or Virtual Agents,
Other Technologies
3) By Application: Military, Commercial Aviation, Space
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and defense market, Request now for Sample Report @
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Regional Insights -
North America was the largest region in the artificial intelligence and
robotics in aerospace and defense market in 2023. Asia-Pacific is expected to
be the fastest-growing region in the forecast period. The regions covered in
the artificial intelligence and robotics in aerospace and defense market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the artificial intelligence and robotics in
aerospace and defense market report are Microsoft Corporation, Raytheon
Technologies Corporation, Boeing Company, Lockheed Martin Corporation, Intel
Corporation, Airbus SE, IBM Corporation, ThyssenKrupp, General Dynamics
Corporation, Northrop Grumman Corporation, Honeywell International Inc., Nvidia
Corporation, BAE Systems, Thales Group, Rolls-Royce, Leidos, Elbit Systems,
Israel Aerospace Industries, T-Systems International GmbH, Safran, Indra
Sistemas SA, QinetiQ, SITA, Spark Cognition, GE Aviation, Iris Automation Inc.
Table of Contents
1. Executive Summary
2. Artificial Intelligence And Robotics In Aerospace and Defense Market Report
Structure
3. Artificial Intelligence And Robotics In Aerospace and Defense Market Trends
And Strategies
4. Artificial Intelligence And Robotics In Aerospace and Defense Market – Macro
Economic Scenario
5. Artificial Intelligence And Robotics In Aerospace and Defense Market Size
And Growth
…..
27. Artificial Intelligence And Robotics In Aerospace and Defense Market
Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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