PUBLISHER: The Business Research Company | PRODUCT CODE: 1455375
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455375
Artificial intelligence and robotics integration in aerospace and defense involve the amalgamation of AI and robotics technologies across diverse facets of the industry, encompassing military operations, commercial aviation, and space exploration. Within the military segment, AI is extensively applied for purposes such as big data analytics, facilitating informed decision-making, threat detection, and automating responses to network attacks, thereby significantly enhancing defense capabilities.
The primary categories of artificial intelligence and robotics in aerospace and defense comprise hardware, software, and services. Hardware denotes the tangible components of a computer or electronic device, encompassing both internal and external devices and equipment that facilitate essential functions such as input, processing, storage, and output. Various technologies, including machine learning, natural language processing, context-aware computing, computer vision, and intelligent virtual agents (IVA), are employed across applications in the military, commercial aviation, and space sectors.
The artificial intelligence and robotics in aerospace and defense market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence and robotics in aerospace and defense market statistics, including artificial intelligence and robotics in aerospace and defense industry global market size, regional shares, competitors with an artificial intelligence and robotics in aerospace and defense market share, detailed artificial intelligence and robotics in aerospace and defense market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence and robotics in aerospace and defense industry. This artificial intelligence and robotics in aerospace and defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed during the historical period can be ascribed to several factors, including the implementation of automation to enhance efficiency, heightened situational awareness, military modernization programs, global security concerns, and initiatives focused on 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 anticipated growth in the forecast period can be linked to various factors, including the integration of autonomous systems, the adoption of AI in maintenance processes, emphasis on customization and flexibility, utilization of swarm intelligence, and advancements in surveillance and reconnaissance capabilities. Noteworthy trends expected in the forecast period encompass international collaboration, advancements in drone technologies, the application of AI in cybersecurity, human-robot collaboration initiatives, and the rapid pace of technological advancements.
The anticipated increase in defense expenditure is poised to drive the growth of artificial intelligence and robotics in the aerospace and defense market in the foreseeable future. Defense expenditure, also known as military expenditure, signifies the total financial resources allocated by a government to support its military forces, defense-related activities, and national security initiatives. Within the defense and aerospace sectors, these funds are utilized to advance capabilities in artificial intelligence (AI) and robotics, aiming to enhance military capabilities, optimize operational efficiency, and contribute to national security. As reported by the Stockholm International Peace Research Institute in April 2023, world military expenditure experienced a 3.7% real-term increase in 2022, reaching a record high of $2,240 billion. Notably, military spending in Europe witnessed a 13% rise during the same period. The United States also saw an 8.8% nominal increase in military spending between 2021 and 2022, with a real spending increase of 0.7%, factoring in an 8.1% inflation rate. Consequently, the escalating defense expenditure stands as a driving force for the growth of artificial intelligence and robotics in the aerospace and defense market.
Prominent companies operating in the artificial intelligence and robotics sectors within the aerospace and defense markets are strategically focusing on the introduction of advanced robotic systems, such as unmanned ground vehicles (UGVs), to gain a competitive advantage. An unmanned ground vehicle (UGV) is a robotic system designed to operate on land without the presence of an onboard human operator. For example, in May 2021, the Israel Defense Forces, in collaboration with Israel Aerospace Industries (IAI), launched Jaguar, a semi-autonomous robotic ground vehicle recognized as one of the world's first military robots capable of replacing soldiers on the border. Jaguar is equipped with numerous sensors, an automated driving system, advanced fire capabilities, and a public address (PA) system. The robot utilizes bright headlights, transmitters, high-resolution cameras, and a remote-controlled PA system. It also features a self-destruct mechanism to prevent misuse by adversaries. The distinctive feature of Jaguar lies in its semi-autonomous technology, allowing the robot to autonomously reach predefined locations while maintaining operational control under the guidance of its operators and commanders.
In December 2023, LIG Nex1, a South Korea-based aerospace and defense company, successfully acquired Ghost Robotics for $239 million. This strategic acquisition grants LIG Nex1 a controlling 60% stake in Ghost Robotics, a renowned developer of cutting-edge unmanned quadruped vehicles designed for military and aerospace applications. The remaining 40% ownership will be retained by a private equity corporation, the company's partner. Ghost Robotics, based in the United States, specializes in AI and robotics solutions for military and aerospace purposes.
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.
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.
The countries covered in the artificial intelligence and robotics in aerospace and defense market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The artificial intelligence and robotics in aerospace and defense market consists of revenues earned by entities by providing AI-powered cybersecurity solutions, cryptographic and quantum solutions, and AI-driven decision support. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence and robotics in aerospace and defense market includes sales of cameras, LiDAR sensors, processors, acoustic and radar sensors, and other advanced sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Artificial Intelligence And Robotics In Aerospace and Defense Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on artificial intelligence and robotics in aerospace and defense market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for artificial intelligence and robotics in aerospace and defense ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence and robotics in aerospace and defense market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.