At 9.2% CAGR, the Middle East & Africa Artificial Intelligence in Defense Market is projected to be worth US$ 539.29 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa artificial intelligence in defense market was valued at US$ 347.46 million in 2023 and is expected to reach US$ 539.29 million by 2028, registering a CAGR of 9.2% 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 Middle East & Africa artificial intelligence in defense market expansion.        

As geopolitical tensions have persisted over the last few years, various affected nations plan and take measures to improve and recapitalize their defense budget and strategies. Changes in the modern warfare system have been urging governments to allocate high funds for respective military forces. Budget allocation enables military forces to procure advanced technologies and equipment from domestic and international manufacturers. Also, soldier and military vehicle modernization practices are increasing across numerous countries. Owing to the growing need to strengthen military forces with advanced technologies, armaments, artilleries, and vehicles, defense forces are investing substantial amounts in the aforementioned products. A continuous urge to deploy new technologies in combat and noncombat operations by the defense forces is boosting defense spending. The increasing geopolitical tensions and trade wars among major countries are driving high investments in the defense sector. A significant portion of the investment is dedicated to the procurement of artificial intelligence in defense research. Therefore, the increasing government spending on incorporating AI in the defense sector is driving the growth of the Middle East & Africa artificial intelligence in defense market.

On the contrary, concerns over humanitarian protection hampers the Middle East & Africa artificial intelligence in defense market.

Based on component, the Middle East & Africa artificial intelligence in defense market is segmented into hardware, software, and services. The software segment held 62.2% share of Middle East & Africa Artificial Intelligence in Defense Market in 2023, amassing US$ 216.20 million. It is projected to garner US$ 343.19 million by 2028 to expand at 9.7% CAGR during 2023–2028. 

Based on technology, the Middle East & Africa artificial intelligence in defense market is segmented into advanced computing, ai systems and learning and intelligence. The advanced computing segment held 44.5% share of Middle East & Africa Artificial Intelligence in Defense Market in 2023, amassing US$ 154.49 million. It is projected to garner US$ 247.39 million by 2028 to expand at 9.9% CAGR during 2023–2028.

Based on platform, the Middle East & Africa artificial intelligence in defense market is segmented into naval, land, and air. The land segment held 46.6% share of Middle East & Africa Artificial Intelligence in Defense Market in 2023, amassing US$ 161.94 million. It is projected to garner US$ 247.71 million by 2028 to expand at 8.9% CAGR during 2023–2028.

Based on application, the Middle East & Africa artificial intelligence in defense market is segmented into cyber security, battlefield healthcare, logistics and transportation, warfare platform and others. The warfare platform segment held 37.0% share of Middle East & Africa Artificial Intelligence in Defense Market in 2023, amassing US$ 128.48 million. It is projected to garner US$ 184.90 million by 2028 to expand at 7.6% CAGR during 2023–2028.

Based on country, the Middle East & Africa artificial intelligence in defense market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 45.9% share of Middle East & Africa Artificial Intelligence in Defense Market in 2023. It was assessed at US$ 159.41 million in 2023 and is likely to hit US$ 259.40 million by 2028, exhibiting a CAGR of 10.2% during the forecast period.      

Key players dominating the Middle East & Africa artificial intelligence in defense market are BAE Systems Plc; International Business Machines Corp; Leidos Holdings Inc; Lockheed Martin Corp; Raytheon Technologies Corp; and Thales SA, among others.

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