Top Companies in Artificial Intelligence in Military Market | Key Players Growth Rate, Historic Data by Vantage Market Research
The growth of Artificial Intelligence in the Military sector is mainly attributed to the growth in the development of Artificial Intelligence integrated systems and the increasing adoption of cloud-based high-performance computers and applications.
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Upcoming Trends in Artificial Intelligence in Military
Artificial Intelligence in Military Market was valued at USD 6.62 Billion in 2021 and is projected to reach a value of USD 13.71 Billion by 2028 at a CAGR of 12.9% over the forecast period. Today is the age of the Fourth Industrial Revolution. The current period of rapid, simultaneous, and systemic transformations driven by advances in science is reshaping industries, blurring geographical boundaries, challenging existing regulatory frameworks, and even redefining what it means to be human. Artificial intelligence (AI) is the software engine that drives the Fourth Industrial Revolution. AI is creating targeted marketing, safer travel through self-driving cars, smarter weapons, and new efficiencies in manufacturing processes, supply chain management, and military production
These technologies are starting to have a transformative effect on defense capability. AI will have digital, physical, and political security implications, expanding existing threats, introducing new threats, and changing the character of threats and of war. These changes could include the automation of social engineering attacks, vulnerability discovery, influence campaigns, terrorist repurposing of commercial AI systems, increased scale of attacks, and manipulation of information availability.
Some of the key players operating in Artificial intelligence in military Market are listed below:
|
Company Name |
Revenue in USD |
|
$26 Billion |
|
$35 Billion |
|
$64 Billion |
|
$67 Billion |
|
$20 Billion |
|
$17 Billion |
|
$57 Billion |
|
$2 Billion |
BAE Systems plc is a British multinational arm, security, and aerospace company based in London, England. It is the largest defense contractor in Europe and ranked the seventh-largest in the world based on applicable 2021 revenues. As of 2017, it is the biggest manufacturer in Britain. The company is listed on the London stock market as BA (LON) and generated revenue of USD 24.8 billion in 2021. The company has 89,600 employees working.
Northrop Grumman Corporation is an American multinational aerospace and defense technology company. With 90,000 employees and annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers. The company is listed in the stock exchange market as NOC (NYSE).
Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Waltham, Massachusetts. It is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization. The company is listed as RTX (NYSE) in New York stock market. The company was founded in 2020 and is headquartered in Waltham, Massachusetts. The company has 1,74,000 employees currently working and generated revenue of USD 64.39 billion in 2021.
Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and Technology Corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. The company headquarters are located in Basel. The company is listed in the Swiss stock market as LMT (NYSE) and generated revenue of USD 65.4 billion in 2020.
Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation, and security markets. The company is headquartered in Paris' business district, La Défense, and its stock is listed on the Euronext Paris. The company headquarters are located in Paris, France. The company is listed in the Paris stock market as HO (EPA) and generated revenue of USD 17.64 billion in 2020.
L3Harris Technologies (L3Harris) is an American technology company, defense contractor, and information technology services provider that produces C6ISR systems and products, wireless equipment, tactical radios, avionics, and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. They specialize in surveillance solutions, microwave weaponry, and electronic warfare. It was formed from the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation on June 29, 2019, and was expected to be the sixth-largest defense contractor in the United States
International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries.
Rafael Advanced Defense Systems Ltd. is an Israeli defense technology company. It was founded as Israel's National R&D Defense Laboratory for the development of weapons and military technology within the Israeli Ministry of Defense; in 2002 it was incorporated as a limited company.
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