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Global “Artificial Intelligence in Modern Warfare Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Artificial Intelligence in Modern Warfare market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global Artificial Intelligence in Modern Warfare market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
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Overview of Artificial Intelligence in Modern Warfare Market:
Over the past decade, with advancements in software and semiconductor technologies and Artificial Intelligence (AI) have had a disruptive effect on the defense sector, thus enhancing the capabilities of defense equipment at a significant pace. The emergence of extremist organizations across the globe, such as ISIS, has led to an increased emphasis on the use of technology, in the fields of counter terrorism and defense activities. Through continued experiments and studies, automated vehicles have been identified to act as force multipliers. With continual advancements in AI, the same output is being realized using fewer equipment and warfighters. In addition, the replacement of human soldiers by unmanned AI-powered machines has been one of the driving factors for the increasing adoption of AI in modern warfare.Growth in Mass Destructive Weapons Driving the Growth of the MarketMass destructive weapons are generally nuclear, radiological, biological, or chemical weapons that are harmful. Nuclear weapons play a vital role in international security environment. The growth in the testing of these weapons by countries like North Korea, is leading to an increase in the demand for mass destructive weapons. Technologically, the development of nuclear weapons is making these countries powerful enough to destroy the whole world. For instance, Hwasong-15, North Korea’s ballistic missile, could travel about 13,000 km, which will possibly destruct the whole world, expect for Antarctica and Latin America. The growing demand for mass destructive weapons is driving the growth of the market.Unmanned Aerial Vehicles Expected to Dominate the MarketOwing to the wide variety of operations they can perform in the current scenario, Unmanned Aerial Vehicles (UAV) have made significant strides since their inception. Engineers have been identified to harness the capability of UAV, to collect visual and thermal data over vast areas, at a much higher precision than before. With appropriate data analytics, this information is being used by the military for various purposes, which include security and control, aerial reconnaissance, access chemical, biological and nuclear conditions, and to strategize the required measures. In addition, with each passing year, UAVs have turned out to be more cost-effective than regular fighter planes, thus driving their adoption. Although drones might never replace human pilots, its benefits over conventional fighter planes are propelling their adoption in various countries, thus driving the market’s growth.North America to Dominate the MarketThe US military, under the Trump administration, is planning to integrate AI and machine learning into their military equipment. This integration of advanced technologies helps the military turn massive volumes of data into intelligence and insights, and enable the military to formulate strategies. The US military is planning to test a new system prototype by mid-2019, which includes underwater drones and unmanned army trucks. This trend of AI-powered automated vehicles is expected to continue, as the country is making steady attempts to pursue various forms of automation that reduce human-generated costs over time. In addition, the US military is also making concentrated attempts to strengthen its drone sector. The Department of Defense, has requested approximately USD 6.97 billion for the fiscal year 2018, for drone procurement, research and development, and system-specific construction. This is the highest requested budget over the past five years, and USD 3.3 billion more than previously predicted. The drone spending in PB18 is expected to be 21% greater than the enacted 2017 drone budget. The above-mentioned trends indicate the extent of emphasis the US military places on enhancing its UAV’s division, and the attempts it is making to integrate AI into modern warfare, thus driving the market’s growth in this region.
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Key Highlights from Artificial Intelligence in Modern Warfare Market Report 2019.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Artificial Intelligence in Modern Warfare industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Artificial Intelligence in Modern Warfare Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand and Supply and Effectiveness — Artificial Intelligence in Modern Warfare Market report additionally provides distribution, Production, Consumption for the complete industry.
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