Software Segment to Dominate North America Artificial Intelligence in Defense Market During 2021–2028 

According to a new market research study on “North America 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$ 5,221.87 million by 2028 from US$ 2,682.16 million in 2021. The market is estimated to grow at a CAGR of 10.0% from 2021 to 2028. The report provides trends prevailing in the North America artificial intelligence in defense market along with the drivers and restraints pertaining to the market growth. Growing government spending on defense to improve artificial intelligence capabilities and rising adoption of artificial intelligence in unmanned aerial vehicles are the major factor driving the growth of the North America artificial intelligence in defense market. However, Issues over humanitarian protection in complex combat situations hinders the growth of North America artificial intelligence in defense market.   

The COVID-19 pandemic has led to economic turmoil in North America. Defense sectors in North American countries witnessed steady growth in 2020, as they did not reduce their defense budget to remain committed to sustaining their defense capabilities. Supply-side shocks were perhaps the most visible effects of the pandemic on these sectors. The shortage of raw materials due to disruptions in the supply chains has been a major reason for the underperformance of supply-side businesses. Artificial intelligence service providers witnessed a high demand for various defense organizations across North America. Therefore, the pandemic did not cause any significant adversity in the North American artificial intelligence in defense market. In 2021, with the relaxation of lockdown measures and the beginning of vaccination drives, the supply chain stakeholder resumed working smoothly by ensuring the timely delivery of raw materials for artificial intelligence systems.

The North America 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 logistics and transportation segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the US, Canada, and Mexico.

BAE Systems plc.; Charles River Analytics, Inc.; General Dynamics Corporation; IBM Corporation; Leidos; Lockheed Martin Corporation; Raytheon Technologies Corporation; Shield AI; SparkCognition, Inc.; and Thales Group are among the leading companies in the North America 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 2021, BAE Systems plc. and Sarcos Defense are going to develop systems to advance artificial intelligence and machine learning through enhanced perception and sensing capabilities for autonomous platforms for Air Force Research Laboratory (AFRL), to benefit Department of Defense (DoD) operations.        

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