Report : Asia Pacific Artificial Intelligence in Defense Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services), Technology (Advanced Computing, AI Systems, and Learning and Intelligence), Platform (Land, Air, and Naval), and Application (Cyber Security, Battlefield Healthcare, Logistics and Transportation, Warfare Platform, and Others)

Land Segment to Dominate APAC Artificial Intelligence in Defense Market During 2021–2028     

According to a new market research study on “APAC Artificial Intelligence in Defense Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Technology, Platform, and Application,” is expected to reach US$ 4,011.76 million by 2028 from US$ 1,794.04 million in 2021. The market is estimated to grow at a CAGR of 12.2% from 2021 to 2028. The report provides trends prevailing in the APAC artificial intelligence in defense market along with the drivers and restraints pertaining to the market growth. Surging government spending on defense to improve artificial intelligence capabilities and burgeoning development of robots using artificial intelligence are the major factor driving the growth of the APAC artificial intelligence in defense market. However, concerns over humanitarian protection hinders the growth of APAC artificial intelligence in defense market.      

In 2020, the use of artificial intelligence in the defense sector increased in APAC irrespective of the COVID-19 outbreak. China announced a 6.6% increase in its new defense released in May 2020 budget, compared to 2019. Further, Japan (3.3%), South Korea (5.5%), and Taiwan (10%) all submitted budget proposals to their legislature seeking to raise defense spending in 2020. However, despite the demand for artificial intelligence technology, the manufacturing of artificial intelligence systems decreased slightly due to the shortage of raw materials, caused by disruptions in supply chains. The hardware systems such as artificial intelligence systems were slightly negatively impacted. However, the demand for artificial intelligence services provided to various defense organizations across the APAC region was high. Moreover, the government spending in the defense sector was significantly higher. Therefore, the overall impact of the pandemic on the APAC artificial intelligence in defense market was positive. In 2021, with the relaxation of lockdown measures and the beginning of vaccination drives, the supply-chain industry resumed working smoothly with timely delivery of raw materials of the artificial intelligence systems. Furthermore, the governments across APAC continue to invest significantly in securing advanced systems for the defense sector. Therefore, the artificial intelligence in the defense market in the region will grow significantly during the forecast period.

The APAC artificial intelligence in defense market is segmented based on component, technology, platform, application, and country. Based on component, the market is segmented into hardware, software, and services. The software segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on technology, the market is segmented into advanced computing, AI systems, and learning and intelligence. The advanced computing segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period.  Based on platform, the market is segmented into land, air, and naval. The land segment dominated the market in 2020 and naval segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into cyber security, battlefield healthcare, logistics and transportation, warfare platform, and others. The warfare platform segment dominated the market in 2020 and cyber security segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.

BAE Systems plc.; General Dynamics Corporation; IBM Corporation; Leidos; Lockheed Martin Corporation; Raytheon Technologies Corporation; SparkCognition, Inc.; and Thales Group are among the leading companies in the APAC artificial intelligence in defense market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Leidos had developed an artificial intelligence-based analytics tool that works to help users analyze big data from multiple sources, including social media, software, and systems. The company had unveiled the advanced analytics and machine learning microservices platform.              

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