Artificial Intelligence (AI) is revolutionizing the aerospace and defense sectors, bringing about significant advancements and new possibilities. The integration of AI in aerospace and defense will continue to evolve, bringing about transformative changes and new possibilities. While there are challenges such as data security and infrastructure requirements, the potential benefits are immense.
The global AI in aerospace and defense market size was
valued at USD 22.45 billion in 2023 and is projected to grow at a CAGR of 9.8%
from 2024 to 2030. AI-driven systems analyze data from various sources to
optimize maintenance schedules, manage supply chains, and improve logistics.
In aerospace
and defense, AI-driven design tools and simulations are transforming the
development and manufacturing processes. AI algorithms enhance the design phase
by providing more accurate simulations and predictions, leading to innovative
solutions and reduced design errors. AI-powered generative design tools can
explore a broader range of design possibilities, optimizing for performance,
weight, and cost. Additionally, Artificial Intelligence (AI) helps in creating
detailed digital twins of systems, allowing for extensive virtual testing and
validation before physical prototypes are built. This approach accelerates the
innovation cycle, improves product reliability, and lowers production costs,
contributing to more efficient and cost-effective development processes.
Key AI In Aerospace And Defense Companies
·
Deutsche Telekom AG
- General Electric
Co.
- Honeywell
International Inc.
- Indra Sistemas
SA
- Infosys Ltd.
- Intel
Corporation
- International
Business Machines Corporation
- Iris Automation
Inc.
- Lockheed Martin Corporation
- Microsoft
Corporation
- Northrop Grumman
Corporation
- NVIDIA
Corporation
- Raytheon
Technologies Corporation
- SparkCognition
Inc.
- Thales Group
AI In Aerospace And Defense Market Report
Highlights
·
The
hardware segment accounted for the largest market share in 2023. The market is
driven by the increasing demand for advanced computing and processing power
necessary for AI applications.
·
The
on-premises segment accounted for the largest market revenue share in 2023. The
market is growing due to the need for secure and controlled environments where
sensitive data and applications can be managed with high confidentiality.
·
The
airborne segment accounted for the largest market revenue share in 2023. The
market is driven by the growing use of AI technologies in aviation and military
aircraft to enhance operational capabilities and safety.
·
The
machine learning segment accounted for the largest market revenue share in
2023. The market is driven by the ability to analyze complex datasets and make
data-driven predictions.
·
Surveillance
and monitoring accounted for the largest market revenue share in 2023. The
market is expanding due to the critical need for enhanced security and
situational awareness.
·
The
government & law enforcement segment accounted for the largest market
revenue share of 51.0% in 2023. The market is growing due to the increasing
adoption of AI technologies for public safety and security.
·
North
America AI in aerospace & defense market accounted for the highest market
revenue share of nearly 40% in 2023. The market is driven by significant
investment in research and development, technological innovation, and the
presence of major defense contractors and aerospace companies.
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