South America Artificial Intelligence in Defense Market

Market Introduction

Despite various obstacles encountered by ecosystems in South America, the implementation of artificial intelligence is rapidly increasing in the military & defense sectors, especially to address crucial concerns. The Brazilian government has begun the process of developing public policy on artificial intelligence (AI). The country is in the process of preparing a national AI policy to ace the international race for leadership and to consolidate the future of segments such as labor, education, tax, research and development, and ethics. Furthermore, cross-border tensions and risks are increasing across South America, prompting militaries to invest in AI-enabled weaponry and decision support in battlefield and security applications. Owing to the significant military potential of these weapons, ethical problems are often ignored. This technology is already being used to protect ships from small boat attacks, detect terrorist activities, and carry out air defense operations. With the growing awareness about AI, the deployment of this technology in defense applications is likely to increase in the region during the forecast period. Incorporation of quantum computing in artificial intelligence and growing development of robots using artificial intelligence are the major factor driving the growth of the SAM artificial intelligence in defense market.

 In case of COVID-19, SAM is highly affected especially Brazil, followed by Ecuador, Chile, Peru, and Argentina, among others. The COVID-19 pandemic positively impacted the growth of the artificial intelligence in defense market in the SAM region as leading manufacturers continued to invest heavily in developing artificial intelligence capabilities, and governments invested significantly in securing these advanced systems. Governments have realized the potential of improved capabilities that these artificial intelligence systems could offer in terms of defense arsenal. However, despite the development of artificial intelligence technology, however, the artificial intelligence systems had seen a minor hit in the SAM region. This resulted from the shortage of raw materials due to disruptions in the supply chain in 2020. However, in 2021, with the relaxation of lockdown measures, the supply-chain industry resumed working smoothly with timely delivery of the raw materials of the artificial intelligence systems. Moreover, governments across the SAM region continue to invest significantly in securing advanced systems for the defense sector. Therefore, artificial intelligence in defense market in the region will grow significantly.

Market Overview and Dynamics

The SAM artificial intelligence in defense market is expected to grow from US$ 120.98 million in 2021 to US$ 197.30 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. Unmanned aerial vehicles (UAVs) are used in multiple applications, and they are growing in popularity. Recent progress in UAVs and artificial intelligence (AI) constitutes a new chance for autonomous operations and flight. Nowadays, artificial intelligence and deep learning are driving the evolution of UAVs and fueling their autonomous future. Computer vision has progressed in image classification and segmentation and object detection, making it an attractive research field when applied on UAVs. Artificial intelligence is more beneficial for UAVs in decision-making and is essential in military operations. Growing adoption of artificial intelligence in unmanned aerial vehicles is expected to fuel the SAM artificial intelligence in defense market growth.

Key Market Segments

In terms of component, the software segment accounted for the largest share of the SAM artificial intelligence in defense market in 2020. In terms of technology, the advanced computing segment held a larger market share of the SAM artificial intelligence in defense market in 2020. In terms of platform, the air segment held a larger market share of the SAM artificial intelligence in defense market in 2020.  Further, the warfare platform segment held a larger share of the SAM artificial intelligence in defense market based on application in 2020.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SAM artificial intelligence in defense market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BAE Systems plc.; General Dynamics Corporation; IBM Corporation; Lockheed Martin Corporation; Raytheon Technologies Corporation; SparkCognition, Inc.; and Thales Group among others.      

Reasons to buy report

• To understand the SAM artificial intelligence in defense market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM artificial intelligence in defense market 
• Efficiently plan M&A and partnership deals in SAM artificial intelligence in defense market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM artificial intelligence in defense market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Artificial Intelligence in Defense Market Segmentation

SAM Artificial Intelligence in Defense Market - By Component

• Hardware
• Software
• Services

SAM Artificial Intelligence in Defense Market - By Technology

• Advanced Computing
• AI Systems
• Learning and Intelligence

SAM Artificial Intelligence in Defense Market - By Platform

• Land
• Air
• Naval

SAM Artificial Intelligence in Defense Market - By Application

• Cyber Security
• Battlefield Healthcare
• Logistics and Transportation
• Warfare Platform
• Others

SAM Artificial Intelligence in Defense Market - By Country

• Brazil    
• Rest of SAM

SAM Artificial Intelligence in Defense Market - Company Profiles

• BAE Systems plc. 
• General Dynamics Corporation
• IBM Corporation
• Lockheed Martin Corporation
• Raytheon Technologies Corporation  
• SparkCognition, Inc.
• Thales Group

South America Artificial Intelligence in Defense Market Strategic Insights

South America Artificial Intelligence in Defense Market Segmentation Analysis

South America Artificial Intelligence in Defense Market Report Highlights

South America Artificial Intelligence in Defense Report Scope

South America Artificial Intelligence in Defense Market Country and Regional Insights