What are the Historical Developments and Current Growth Metrics of the Artificial Intelligence And Robotics In Aerospace and Defense Market?
The artificial intelligence and robotics in aerospace and defense market has seen considerable growth due to a variety of factors.
• The market size of artificial intelligence and robotics in the aerospace and defense sector has seen significant expansion in the past few years. Expectations are that it will rise from $24.39 billion in the year 2024 to a value of $27.02 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.8%.
Factors such as improvements in automation for better efficiency, increased situational awareness, modernization initiatives in the military, global security worries, and costs reduction have contributed to this notable growth during the historic period.
What is the Forecasted Market Size and CAGR for the Artificial Intelligence And Robotics In Aerospace and Defense Market?
The artificial intelligence and robotics in aerospace and defense market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of artificial intelligence and robotics in the aerospace and defense sector is projected to witness rapid expansion in the coming years. The market is anticipated to reach a value of $40.2 billion by 2029, with a compound annual growth rate (CAGR) of 10.4%.
Factors contributing to the growth during the forecast period include the integration of autonomous systems, the use of AI for maintenance purposes, customization and flexibility, swarm intelligence, and advancements in surveillance and reconnaissance. The forecast period is also expected to see significant trends such as international cooperation, advanced drone technologies, the use of AI in cybersecurity, collaboration between humans and robots, and swift technological advancements.
What Key Factors and Trends Are Driving The Growth Artificial Intelligence And Robotics In Aerospace and Defense Market?
The surge in defense spending is projected to motivate the expansion of artificial intelligence (AI) and robotics in the aerospace and defense sector. This spending, also known as military expenditure, represents the cumulative financial reserves a government dedicates to its military force, defense-focused activities, and initiatives for national security. The funds are employed to develop AI and robotics within the defense and aerospace industries, thereby enhancing military proficiency, augmenting operational effectiveness, and fortifying national security. For example, the Stockholm International Peace Research Institute, a distinguished independent global security resource based in Sweden, recorded in April 2023 that global military spending escalated by 3.7% in real terms in 2022, achieving an all-time high of $2,240 billion. Additionally, Europe saw a 13% rise in military expenses during that year. US defense spending also showed an uptrend with an increase of 8.8% in nominal terms from 2021 to 2022. However, due to an inflation rate of 8.1%, the real spending showed a modest increase of 0.7% over the same period. Hence, the escalating defense expenditure is bolstering the growth of AI and robotics in the aerospace and defense industry.
What Are The Market Segments In The Artificial Intelligence And Robotics In Aerospace and Defense Market?
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
Subsegments:
1) By Hardware: Robotics Systems, Sensors And Actuators, Embedded Systems
2) By Software: AI Algorithms For Flight Operations, Simulation And Modeling Software, Autonomous Navigation Software
3) By Services: Consulting And Integration Services, Maintenance And Support Services, Training And Simulation Services
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What Trends Are Shaping The Artificial Intelligence And Robotics In Aerospace and Defense Market?
Leading organizations operating in the airspace and defense sectors with a focus on artificial intelligence and robotics are investing in the creation of advanced defense solutions, such as intelligent robots. These solutions aim to boost operational efficiency, enhance decision-making processes, and amplify security capacities. Robots powered by AI are autonomous machines equipped with artificial intelligence capable of executing intricate tasks, decision-making, and adjusting to shifting conditions without human interference. For illustration, Zen Technologies, a defense training systems and counter-drone solutions manufacturer from India, launched an AI-driven quadruped robot known as Prahasta in July 2024. This robot is designed for real-time 3D mapping and combines LiDAR (light detection and ranging) and reinforcement learning to produce real-time 3D terrain maps that aid in advanced mission planning, navigation, and threat evaluation. Other innovations include the Hawkeye anti-drone system camera, the Barbarik-URCWS remote-controlled weapon station, and the Sthir Stab 640 - a robust, stabilized sight primarily intended for use on armored vehicles, infantry combat vehicles (ICVs), and boats.
Who Are the Key Players In The Artificial Intelligence And Robotics In Aerospace and Defense Market?
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.
What Are The Regional Insights Into The Artificial Intelligence And Robotics In Aerospace and Defense Market?
North America was the largest region in the artificial intelligence and robotics in aerospace and defense market in 2024. 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.
