Market Trends of Europe Artificial Intelligence and Analytics in Defence Industry
This section covers the major market trends shaping the Europe Artificial Intelligence & Analytics in Defence Market according to our research experts:
Increasing Investments In Artificial Intelligence Will Drive The Market During The Forecast Period
The defense industry in Europe is now witnessing increased investments in terms of artificial intelligence across several applications. Rapid and immense developments in the areas of quantum computing, together with the exceptional skills related to quantum computing, have made artificial intelligence a key area of focus strategies. In the areas of 'product design,' AI algorithms help in evaluating and streamlining the design and the manufacturing systems from an assortment of design alternatives in a short period. Artificial intelligence can also be used to reduce the use of gallons of fuel by manufacturing lightweight parts by making use of advanced 3D printing systems. Moreover, artificial intelligence is also gaining increasing importance in improving military pilot training. The use of AI simulators is increasing worldwide to help pilots experience realistic situations during training. The increasing investments in the development of artificial intelligence technologies by companies such as Athea as well as BAE Systems PLC, coupled with an increasing push by government agencies, are propelling the growth of artificial intelligence analytics in the defense sector in Europe. All the above factors are likely to lead to the growth of the market in the forecast period.
France Is Expected To Be The Largest Market In The Forecast Period
The French region is expected to be the largest market when it comes to making use of artificial intelligence analytics in the European defense sector. Various governmental initiatives, as well as developments taking place in the French region, is the main contributing factor to its growth. Moreover, France is also working on new artificial intelligence strategies for its defense sector. The French Defense Ministry is making major developments on projects such as big data and artificial intelligence development contracts that will boost artificial intelligence in France's defense sector. France is now considered by various countries in the European region as a leader with respect to artificial intelligence technologies R&D.
On the one hand, where the development in research is growing, the development of artificial intelligence products or services has not seen such significant growth in France in the past few decades. In the present scenario, France is expecting to reverse the situation by entering into various partnerships with major companies in order to develop and grow with respect to artificial intelligence technologies, which will provide the country with the necessary boost and witness significant growth. The country's relatively low but constantly growing defense expenditure indicates its high focus on improving its military capabilities and is expected to drive market growth during the forecast period.
