The acceptance of artificial intelligence across defense and security for various applications is largely due to its operational superiority in harsh environment. Additionally, the growing awareness of artificial intelligence for the defense forces in the emerging economies such as China, India, and Russia has propelled the growth of military artificial intelligence and cybernetics market, globally.
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The increased revenue generated by the cybersecurity segment for military artificial intelligence market is due to high demand from defense for artificial intelligence. This is due to high data breaches in military and defense networks. Many artificial intelligence providers use machine learning, or deep learning for providing security at the different platforms such as air, naval, ground and space by identifying the threat before they can affect the network.
The military artificial intelligence market has witnessed different market dynamics across various regions of the globe. Moreover, the military artificial intelligence manufacturing companies have witnessed rising demand from countries such as Germany, China, the U.K. and the U.S. The global military artificial intelligence market is one of the most competitive industries with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the military artificial intelligence market exhibits an inclination toward emerging strategies and developments by market players.
The key players that are actively participating in the global military artificial intelligence market include General Dynamics, Lockheed Martin, Northrop Grumman Corporation, Raytheon, Harris Corporation, BAE System, Thales group, Boeing, Charles River Analytics, Leidos, Soar Tech, SparkCognition, SAIC, and IBM.
The prominent players in the military artificial intelligence market adopted strategies of product launches, mergers and acquisitions, partnerships and collaborations, contracts, agreements and other strategies to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. Due to the intensive competition, the artificial intelligence market requires manufacturers to constantly innovate and develop cost-effective products. The existing companies as well as new entrants aim to develop next-generation solutions in adherence with the existing and forthcoming industry standards for various end user applications. The market is likely to grow rapidly with the innovations around autonomous for various platforms such as land, air, naval and space with longer endurance.
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The chapter includes key strategies adopted by the major companies operating in the global military artificial intelligence market along with the competitive strength of the key players. The major strategies compiled in the chapter are product launches, mergers and acquisitions, partnerships & collaborations, contracts, agreements and other strategies. These strategies and the competitive strength of the major companies working in the market are analyzed to present a detailed competitive landscape of the industry.
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