The study identifies the situation of Artificial Intelligence Market and predicts its growth in Modern Warfare.
Dallas, United States – July 25, 2017 —
Technology is moving at a fast pace. The world has come a long way off from the basic computers of the 1980’s. Presently the military uses Artificial Intelligence to mainly process large amounts of data, process signals etc but it is a fact that in future the country with the best machines will be the strongest unlike in today’s world where numbers trump technology. This requirement has created a massive need for Artificial Intelligence in defense.
Artificial Intelligence was used even in the Gulf War of 1991 where the American Forces Used Smart Bombs, but that was just the beginning. Mainly the Providers of Smart weapons would be the existing defense contractors and companies and the leading providers of Artificial Intelligence equipped weapons in the future also but maybe in collaboration with a information technology company. The world is replete with rhetoric and doomsday secenarios where machines have taken over the humans, but in reality if proper safety precautions are used then the occurrence of that scenario is next to impossible. A close look at the Artificial Intelligence cycle closelycan confirm that the doomsday scenario is highly improbable.
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The Process goes on like this, Direction- Collection- processing- Dissemination- Decision- execution. If the Humans control some aspect of Direction then the Machine will always be under control. Artificial Intelligence is used extensively in its present form in certain areas like for diffusing bombs, impovised explosive devices, carrying equipment on the warfront, surveillance and reconnaissance Missions, etc. AI research In unmanned ground vehicles is one of the fastest growing segments. It is expected that Unmanned Ground Vehicles will learn, amass knowledge, plan, learn spoken languages, perceive threats, corroborate with other robots to manipulate objects among other things.
Currently over $ 1.5 Trillion is spent on Defense Equipment and even though it has fallen from a high of 4% of GDP in the 1990’s to 2.7% presently it still represents a huge number and tremendous scope and opportunity. In the 10 Years from 2002 Military Expenditures in North Africa has Increased By 110%.The United States of America currently has the Highest Military Spending of over $570 billion, which has fallen in recent times but still is a huge number.
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What the report offers
Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Artificial Intelligence military market. In addition to it, the report also talks about economic conditions of and future forecast of the current economic scenario and effect of current policy changes in to its economy, reasons and implications on the growth of this sector.
Table of Contents:
1. Research Methodology
2. Key Findings of the Study
3. Executive Summary
4. Market Overview
5. Market Dynamics
6. Artificial Intelligence Market
7. Competitive Intelligence – Company Profiles
8. Investment Analysis
9. Future of Artificial Intelligence Military Market
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