Research and Markets presents its ‘Artificial Intelligence in Military Market Opportunities and Strategies to 2034’ report, assessing regional market sizes and growth drivers using CAGR analysis. The study evaluates hardware, software, and services segments, identifies leading competitors and strategic trends, and forecasts market expansion through 2034 to inform defense planning and AI adoption strategies.
Key points
- Global military AI market grows from $9.67 B in 2024 to $23.97 B in 2029 at 19.91% CAGR, reaching $61.08 B by 2034.
- Software leads with a 42.73% share in 2024, while hardware is the fastest-growing segment at a 24.25% CAGR through 2029.
- Asia Pacific and Middle East top regional growth with CAGRs of 23.78% and 22.23%, respectively.
Why it matters: Understanding military AI market dynamics enables defense planners to optimize investments, accelerate technology adoption, and maintain strategic superiority in evolving geopolitical landscapes.
Q&A
- What is CAGR and why is it important in market forecasting?
- What does context-aware computing mean in military AI?
- How do new procurement and upgradation segments differ?
- What are EO/IR intelligent sensing systems in defense?
