2024 Artificial Intelligence And Robotics In Aerospace

Artificial Intelligence And Robotics In Aerospace and Defense Global Market Report 2024

“The Business Research Company recently released a comprehensive report on the Global Artificial Intelligence And Robotics In Aerospace and Defense Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company’s, The artificial intelligence and robotics in aerospace and defense market size has grown rapidly in recent years. It will grow from $22.04 billion in 2023 to $24.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to automation for efficiency, enhanced situational awareness, military modernization programs, global security concerns, cost reduction.

The artificial intelligence and robotics in aerospace and defense market size is expected to see rapid growth in the next few years. It will grow to $36.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to autonomous systems integration, adoption of ai in maintenance, customization and flexibility, swarm intelligence, advanced surveillance and reconnaissance. Major trends in the forecast period include international collaboration, advanced drone technologies, ai in cybersecurity, human-robot collaboration, rapid technological advancements.

Get The Complete Scope Of The Report @

https://www.thebusinessresearchcompany.com/report/artificial-intelligence-and-robotics-in-aerospace-and-defense-global-market-report

Market Drivers and Trends:

The increasing defense expenditure is expected to propel the growth of artificial intelligence and robotics in the aerospace and defense market going forward. Defense expenditure, or military expenditure refers to the total amount of financial resources that a government allocates to fund its military forces, defense-related activities, and national security initiatives. Defense expenditure is used in advancing artificial intelligence (AI) and robotics capabilities within the defense and aerospace sectors to enhance military capabilities, improve operational efficiency, and contribute to national security. For instance, in April 2023, according to the Stockholm International Peace Research Institute, a Sweden-based institute and independent resource on global security, world military expenditure increased by 3.7% in real terms in 2022 to reach a record high of $2,240 billion. Further, military expenditure in Europe rose by 13% during the year. US military spending also increased by 8.8% in nominal terms between 2021 and 2022, but real spending increased by 0.7% over that same time due to an 8.1% inflation rate. Therefore, increasing defense expenditure is driving the growth of artificial intelligence and robotics in the aerospace and defense market.

Major companies operating in artificial intelligence and robotics in the aerospace and defense markets are focusing on introducing advanced robotic systems, such as unmanned ground vehicles, to gain a competitive edge in the market. An unmanned ground vehicle (UGV) is a robotic system that operates on land without an onboard human operator. For instance, in May 2021, the Israel Defense Forces, an Israel-based national military institution, in partnership with Israel Aerospace Industries (IAI), an Israel-based aerospace and defense company, launched Jaguar, its new semi-autonomous robotic ground vehicle and one of the first military robots in the world that can replace soldiers on the border. It is a revolutionary robotic system that is equipped with dozens of sensors, an automated driving system, advanced fire capabilities, and a public address (PA) system. The robot makes use of bright headlights, transmitters, high-resolution cameras, and a remote-controlled PA system. It can also self-destruct if it ends up in the hands of an adversary. The Jaguar’s semi-autonomous technology is its most distinctive feature. With the use of sensors and a sophisticated driving system, the robot can go autonomously to a predefined location, all the while maintaining complete operational control over its operators and commanders.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.

• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.

• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.

• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.

• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @

https://www.thebusinessresearchcompany.com/sample.aspx?id=13582&type=smp

Major Key Players of the Market:

Major companies operating in the artificial intelligence and robotics in aerospace and defense market report are Microsoft Corporation, Raytheon Technologies Corporation, Boeing Company, Lockheed Martin Corporation, Intel Corporation, Airbus SE, IBM Corporation, ThyssenKrupp, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Nvidia Corporation, BAE Systems, Thales Group, Rolls-Royce, Leidos, Elbit Systems, Israel Aerospace Industries, T-Systems International GmbH, Safran, Indra Sistemas SA, QinetiQ, SITA, Spark Cognition, GE Aviation, Iris Automation Inc.

Artificial Intelligence And Robotics In Aerospace and Defense Market 2024 Key Insights:

• The artificial intelligence and robotics in aerospace and defense market is expected to grow to $36.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.

• Elevated Defense Expenditure Fuels Surge In Artificial Intelligence And Robotics Growth In Aerospace And Defense Market

• Key Players Unveiling Groundbreaking And Semi-Autonomous Robotic Ground Vehicle To Redefine Defense Capabilities

• North America was the largest region in the artificial intelligence and robotics in aerospace and defense market in 2023

We Offer Customized Report, Click @

https://www.thebusinessresearchcompany.com/Customise?id=13582&type=smp

“

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

YouTube: “

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC’s consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

link