AI & Robotics to Dominate the Defense Industry

 
Scenario 1: Artificial Intelligence & Robotics for Defense Market Forecast
Scenario 1: Artificial Intelligence & Robotics for Defense Market Forecast
AMSTERDAM, Netherlands - Feb. 19, 2018 - PRLog -- Artificial Intelligence & Robotics are going to dominate the expenditures in de defense market the next decade, this is the conclusion from the new market study launched by MarketForecast.com. Enormous potential of Natural Language Processing, Computer Vision and Robotics among other technologies are going to dominate the defense industry for the next 10 years.

The global Artificial Intelligence & Robotics in the Defense industry market, is valued at US $39.22 billion in 2018, is projected grow at a CAGR of 5.04%, to value US $61 billion by 2027. The cumulative market for global expenditure on AI & Robotics Defense Systems is valued at US $487 billion over the forecast period.

Demand for AI & Robotics defense systems is anticipated to be driven by the massive investment made by countries like US, China, Russia, Israel in the development of next generation defense systems and the large scale procurement of such systems by countries like Saudi Arabia, India, Japan and South Korea. The United States is the largest spender in the domain with China, India, Russia, Saudi Arabia, Japan and South Korea anticipated accounting for the bulk of spending.

More information on this new study can be found on MarketForecast.com

Media Contact
MarketForecast.com
Mr. J. Hoeve
***@marketforecast.com
+31 (0)20 486 7590

Photo:
https://www.prlog.org/12692867/1
End
Source:
Email:***@marketforecast.com
Tags:ai, Robotics, Artificial Intelligence
Industry:Aerospace, Defense, Engineering, Government, Technology
Location:Amsterdam - Amsterdam - Netherlands
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse



Like PRLog?
9K2K1K
Click to Share