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)
At 13.4% CAGR, the Asia Pacific Artificial Intelligence in Defense Market is speculated to be worth US$ 4,116.99 million by 2028, says Business Market Insights
According to Business Market Insights research, the Asia Pacific artificial intelligence in defense market was valued at US$ 2,196.39 million in 2023 and is expected to reach US$ 4,116.99 million by 2028, registering a CAGR of 13.4% from 2023 to 2028. Growing adoption of artificial intelligence in unmanned aerial vehicles and increasing government spending on defense are the critical factors attributed to the Asia Pacific artificial intelligence in defense market expansion.
The adoption of robotics solutions in the military helps improve the accuracy of strikes against enemy positions, reduces collateral damage, and provides real-time situational awareness. Artificial intelligence and robotics play crucial roles in many defense applications such as intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) activities. Robots in the military include drones, armored vehicles, missile boats, and more. In addition, replacing humans with robots on the battlefield will reduce the loss of human lives in wars, which is expected to propel the adoption of robots on the battlefield. Artificial intelligence technology mainly provides robotic assistance on the battlefield, which will enable forces to maintain or expand warfighting capacity without increasing manpower. In February 2022, Israel-based Elbit Systems demonstrated the MUM-T concept with autonomous swarms capabilities to the Netherlands Army. It demonstrated various capabilities of robotic autonomous systems (RAS) that can perform many tasks such as ISR, navigation, and supply. AI was used for the navigation and target recognition software in Elbit Systems’ THOR mini-UAS and PROBOT UGV. With the help of AI, these robots can deploy, operate, and return to base. Such benefits of AI in robots will contribute to its adoption in various military forces. Further, unmanned ground vehicles (UGVs) and unmanned underwater vehicles (UUVs) use artificial intelligence and can independently complete a pre-programmed mission. UUVs use artificial intelligence in mine detection operations in seawater. UGVs use artificial intelligence for surveillance operations. Therefore, artificial intelligence is highly used in developing advanced technologies, including defense robots, which will be a major trend in the future.
On the contrary, concerns over humanitarian protection hampers the Asia Pacific artificial intelligence in defense market.
Based on component, the Asia Pacific artificial intelligence in defense market is segmented into hardware, software, and services. The software segment held 63.1% share of Asia Pacific Artificial Intelligence in Defense Market in 2023, amassing US$ 1,385.31 million. It is projected to garner US$ 2,674.58 million by 2028 to expand at 14.1% CAGR during 2023–2028.
Based on technology, the Asia Pacific artificial intelligence in defense market is segmented into advanced computing, ai systems and learning and intelligence. The advanced computing segment held 45.2% share of Asia Pacific Artificial Intelligence in Defense Market in 2023, amassing US$ 992.74 million. It is projected to garner US$ 1,931.59 million by 2028 to expand at 14.2% CAGR during 2023–2028.
Based on platform, the Asia Pacific artificial intelligence in defense market is segmented into naval, land, and air. The land segment held 46.3% share of Asia Pacific Artificial Intelligence in Defense Market in 2023, amassing US$ 1,017.08 million. It is projected to garner US$ 1,873.24 million by 2028 to expand at 13.0% CAGR during 2023–2028.
Based on application, the Asia Pacific artificial intelligence in defense market is segmented into cyber security, battlefield healthcare, logistics and transportation, warfare platform and others. The warfare platform segment held 37.2% share of Asia Pacific Artificial Intelligence in Defense Market in 2023, amassing US$ 816.15 million. It is projected to garner US$ 1,448.74 million by 2028 to expand at 12.2% CAGR during 2023–2028.
Based on country, the Asia Pacific artificial intelligence in defense market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the China captured 42.3% share of Asia Pacific Artificial Intelligence in Defense Market in 2023. It was assessed at US$ 928.34 million in 2023 and is likely to hit US$ 1,753.84 million by 2028, exhibiting a CAGR of 13.6% during the forecast period.
Key players dominating the Asia Pacific artificial intelligence in defense market are BAE Systems Plc; International Business Machines Corp; Leidos Holdings Inc; Lockheed Martin Corp; Raytheon Technologies Corp; SparkCognition Inc; and Thales SA, among others.
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