WASHINGTON, April 14, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Artificial Intelligence In Military Market finds that the increase in applications of AI in the military is expediting market growth. Primarily driven by growing spending on defence to improve AI capabilities, the total Global Artificial Intelligence in Military Market is estimated to reach USD 13.71 Billion by 2028.
The Global Market valued at a revenue of USD 6.62 Billion in the year 2021, and expected to grow at a Compound Annual Growth Rate (CAGR) of 12.9%.
Furthermore, the growing technological advancements worldwide is also anticipated to augment the growth of the Global Artificial Intelligence in Military Market, states Vantage Market Research, in a report, titled “Artificial Intelligence In Military Market Size, Share & Trends Analysis Report by Offering (Hardware, Software, Services), by Application (Warfare Platform, Cyber Security, Logistics & Transportation, Surveillance & Situational Awareness), by Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), by Platform (Land, Airborne, Space), by Installation (New Procurement, Upgradation), by Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
