Artificial Intelligence And Robotics In Aerospace and Defense Market Trends, Strategies, And Outlook By 2024-2033

The artificial intelligence and robotics in aerospace and defense market size has grown rapidly in recent years. It will grow from $22.04 billion in 2023 to $24.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to automation for efficiency, enhanced situational awareness, military modernization programs, global security concerns, cost reduction.

The artificial intelligence and robotics in aerospace and defense market size is expected to see rapid growth in the next few years. It will grow to $36.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to autonomous systems integration, adoption of ai in maintenance, customization and flexibility, swarm intelligence, advanced surveillance and reconnaissance. Major trends in the forecast period include international collaboration, advanced drone technologies, ai in cybersecurity, human-robot collaboration, rapid technological advancements.

Market Overview -
Artificial intelligence and robotics in aerospace and defense refer to the integration of AI and robotics technologies into various aspects of the industry, including military operations, commercial aviation, and space exploration. AI is extensively used in the military segment for various applications, such as big data analytics for better decision-making, threat detection, and automated response to network attacks, significantly enhancing defense capabilities.

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Elevated Defense Expenditure Fuels Surge In Artificial Intelligence And Robotics Growth In Aerospace And Defense Market
The increasing defense expenditure is expected to propel the growth of artificial intelligence and robotics in the aerospace and defense market going forward. Defense expenditure, or military expenditure refers to the total amount of financial resources that a government allocates to fund its military forces, defense-related activities, and national security initiatives. Defense expenditure is used in advancing artificial intelligence (AI) and robotics capabilities within the defense and aerospace sectors to enhance military capabilities, improve operational efficiency, and contribute to national security. For instance, in April 2023, according to the Stockholm International Peace Research Institute, a Sweden-based institute and independent resource on global security, world military expenditure increased by 3.7% in real terms in 2022 to reach a record high of $2,240 billion. Further, military expenditure in Europe rose by 13% during the year. US military spending also increased by 8.8% in nominal terms between 2021 and 2022, but real spending increased by 0.7% over that same time due to an 8.1% inflation rate. Therefore, increasing defense expenditure is driving the growth of artificial intelligence and robotics in the aerospace and defense market.

Competitive Landscape -
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.

Key Players Unveiling Groundbreaking And Semi-Autonomous Robotic Ground Vehicle To Redefine Defense Capabilities
Major companies operating in artificial intelligence and robotics in the aerospace and defense markets are focusing on introducing advanced robotic systems, such as unmanned ground vehicles, to gain a competitive edge in the market. An unmanned ground vehicle (UGV) is a robotic system that operates on land without an onboard human operator. For instance, in May 2021, the Israel Defense Forces, an Israel-based national military institution, in partnership with Israel Aerospace Industries (IAI), an Israel-based aerospace and defense company, launched Jaguar, its new semi-autonomous robotic ground vehicle and one of the first military robots in the world that can replace soldiers on the border. It is a revolutionary robotic system that is equipped with dozens of sensors, an automated driving system, advanced fire capabilities, and a public address (PA) system. The robot makes use of bright headlights, transmitters, high-resolution cameras, and a remote-controlled PA system. It can also self-destruct if it ends up in the hands of an adversary. The Jaguar's semi-autonomous technology is its most distinctive feature. With the use of sensors and a sophisticated driving system, the robot can go autonomously to a predefined location, all the while maintaining complete operational control over its operators and commanders.

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Key Segments -

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

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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