Artificial Intelligence And Robotics In Aerospace And Defense Market Research Report 2024 - By Growth, Recent Trends, Key Players And Forecast To 2033
The Artificial Intelligence And
Robotics In Aerospace and Defense Global Market Report 2024 by The Business
Research Company provides market overview across 60+ geographies in the seven
regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, the Middle East, and Africa, encompassing 27 major global industries.
The report presents a comprehensive analysis over a ten-year historic period
(2010-2021) and extends its insights into a ten-year forecast period
(2023-2033).
Learn More On The Artificial
Intelligence And Robotics In Aerospace and Defense Market:
According to The Business Research
Company’s Artificial Intelligence And Robotics In Aerospace and Defense Global
Market Report 2024, 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.
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.
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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
Top Major Player
Microsoft Corporation
Raytheon Technologies Corporation
Boeing Company
Lockheed Martin Corporation
Intel Corporation
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 report table of contents includes:
1. Executive Summary
2. Artificial Intelligence And
Robotics In Aerospace and Defense Market Characteristics
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. Global Artificial Intelligence
And Robotics In Aerospace and Defense Market Size and Growth
..........................................
32. Global Artificial Intelligence
And Robotics In Aerospace and Defense Market Competitive Benchmarking
33. Global Artificial Intelligence
And Robotics In Aerospace and Defense Market Competitive Dashboard
34. Key Mergers And Acquisitions
In The Artificial Intelligence And Robotics In Aerospace and Defense Market
35. Artificial Intelligence And
Robotics In Aerospace and Defense Market Future Outlook and Potential Analysis
36. Appendix
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