How big is the Global Artificial Intelligence And Analytics In Defense Market?

The Global Artificial Intelligence And Analytics In Defense Market size is expected to reach USD 9.09 billion in 2024 and grow at a CAGR of 12.46% to reach USD 16.35 billion by 2029. Read More

What is the current Global Artificial Intelligence And Analytics In Defense Market size?

In 2024, the Global Artificial Intelligence And Analytics In Defense Market size is expected to reach USD 9.09 billion. Read More

Who are the key players in Global Artificial Intelligence And Analytics In Defense Market?

Lockheed Martin Corporation, Northrop Grumman Corporation, THALES, BAE Systems plc and RTX Corporation are the major companies operating in the Global Artificial Intelligence And Analytics In Defense Market. Read More

Which is the fastest growing region in Global Artificial Intelligence And Analytics In Defense Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Artificial Intelligence And Analytics In Defense Market?

In 2024, the North America accounts for the largest market share in Global Artificial Intelligence And Analytics In Defense Market. Read More

What years does this Global Artificial Intelligence And Analytics In Defense Market cover, and what was the market size in 2023?

In 2023, the Global Artificial Intelligence And Analytics In Defense Market size was estimated at USD 7.96 billion. The report covers the Global Artificial Intelligence And Analytics In Defense Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Artificial Intelligence And Analytics In Defense Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Artificial Intelligence and Analytics in Defense Market

Artificial Intelligence and Analytics in Defense Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Artificial Intelligence and Analytics in Defense Market Report is Segmented by Offering (Hardware, Software, and Services), Technology (Artificial Intelligence, Big Data Analytics, and Other Technologies), Platform (Army, Navy, and Airforce), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

AI and Analytics in Defense Industry Overview

The AI and analytics in defense market exhibit a semi-consolidated structure, with a handful of key players commanding substantial market shares. Some prominent market players are Northrop Grumman Corporation, THALES, BAE Systems PLC, RTX Corporation, and Lockheed Martin Corporation. Companies are bolstering their market presence through strategic partnerships and M&A activities. These initiatives help consolidate resources and expand market reach, giving them a competitive edge.

A prime example is Lockheed Martin Corporation's collaboration with Red Hat in October 2022. This partnership with the American tech firm Red Hat focuses on enhancing the AI capabilities of small military platforms. Lockheed Martin plans to leverage Red Hat's Device Edge to integrate cutting-edge software, like the Stalker unmanned aerial system. Such moves, coupled with a focus on introducing advanced technologies and nurturing OEM partnerships, are set to propel the market's growth in the coming years.

AI and Analytics in Defense Market Leaders

Lockheed Martin Corporation
Northrop Grumman Corporation
THALES
BAE Systems plc
RTX Corporation
*Disclaimer: Major Players sorted in no particular order

AI and Analytics in Defense Market Concentration

Artificial Intelligence and Analytics in Defense Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)