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How Large Is the Global Artificial Intelligence in Military Market Expected to Be in 2029?
In recent times, the market size of artificial intelligence in the military domain has seen significant expansion. It’s anticipated to increase from $9.67 billion in 2024 to $11.19 billion in 2025 with a compound annual growth rate (CAGR) of 15.7%. Factors attributing to past growth include the increase in budgetary allowances, escalating concerns over cybersecurity, heightened data accessibility, elevated threats, and significant economic growth.
Projected future expansion for the artificial intelligence in military market suggests notable growth in the upcoming years, reaching a size of $19.41 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 14.8%. This growth during the forecast period can be ascribed to factors such as geopolitical conflicts, enhancements in research and development activities, a thriving military and defense industry, more substantial government backing and an increase in industrial automation. Key trends to watch during this forecast period include partnerships within the industry, cooperation between humans and machines, dual-purpose technologies, cognitive electronic warfare, and swarm technology.
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What Are the Emerging Drivers Shaping the Future of the Artificial Intelligence in Military Market?
The surge in defense spending is fueling the expansion of the artificial intelligence in the military market. Artificial intelligence entails the demonstration of human-like intelligence in machines, which are programmed to replicate human behavior. Various governments have established dedicated departments or entities aimed at generating new skills and orchestrating the incorporation of AI technology into military hardware. As a case in point, data from the Stockholm International Peace Research Institute, a global institute based in Sweden, disclosed that global military expenditure in 2022 was around $2.29 trillion.
This figure rose to $2.44 trillion in 2023, signifying a yearly growth of 6.8%. As a result, the escalated defense expenditure is propelling the development of the artificial intelligence in the military market.
Which Segment of the Artificial Intelligence in Military Market Will Lead Innovation Through 2029?
The artificial intelligence in military market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Intelligent Virtual Agent (IVA) or Virtual Agents, Other Technologies
3) By Platform: Land, Naval, Airborne
4) By Installation: New Procurement, Upgradation
5) By Application: Information Processing, Simulation and Training, Warfare Platform, Threat Monitoring and Situational Awareness, Cyber Security, Other Applications
Subsegments:
1) By Hardware: AI-Powered Sensors, Robotics and Drones, Computing Hardware (GPUs, TPUs), Network Infrastructure
2) By Software: AI Algorithms and Models, Machine Learning Software, Data Analytics Software, Cybersecurity Software
3) By Service: AI Integration Services, Consulting Services, Maintenance and Support Services, Training and Development Services
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How Are Regional Trends Influencing the Global Artificial Intelligence in Military Market Outlook?
Advancements in technology are a significant trend gaining momentum in the artificial intelligence in the military market. Major players in this market are focusing on developing innovative technologies to solidify their market presence. For example, in July 2022, Raytheon Technologies, an American aerospace and defense company, collaborated with another US-based company, C3 AI’s application platform. This partnership aims to introduce the next wave of artificial intelligence (AI) and machine learning (ML) capabilities for the Tactical Intelligence Targeting Access Node (TITAN) program of the US Army. TITAN will absorb data from elevated and outer space sources utilizing terrestrial and aerial sensors to provide targetable data and situational understanding.
Who Are the Leading Industry Giants Competing in the Artificial Intelligence in Military Market?
Major companies operating in the artificial intelligence in military market include Charles River Analytics Inc., BAE Systems PLC., Northrop Grumman Corporation, RTX Corporation, Lockheed Martin Corporation, Thales Group, Harris Corporation, International Business Machines Corporation, Rafael Advanced Defense Systems, Microsoft Corporation, Oracle Corporation, Amazon Web Services Inc., SAS Institute, Meta Platforms Inc., SAP SE, Salesforce Inc., Baidu Inc., SoarTech, Google LLC, NVIDIA Corporation, Intel Corporation, General Dynamics Corporation, Rolls-Royce Holdings plc, General Electric Aviation, Safran S.A., Israel Aerospace Industries, Triumph Group Inc., Boeing Co., Airbus SE, Leonardo S.p.A., L3Harris Technologies Inc., Elbit Systems Ltd., Rheinmetall AG, Collins Aerospace, Kongsberg Gruppen
Which Region Is Emerging as the Next Growth Hub in the Global Artificial Intelligence in Military Market?
North America was the largest region in the artificial intelligence in military market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in military market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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