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Artificial Intelligence Influence on Today's Military Industry Resulting in Overwhelming Revenue Generating Opportunities

Nachrichtenquelle: PR Newswire (engl.)
10.10.2019, 14:45  |  391   |   |   

Financialnewsmedia.com News Commentary

PALM BEACH, Florida, Oct. 10, 2019 /PRNewswire/ -- While most people think of Facebook or Google when they hear the words "Artificial Intelligence" (AI), but in reality, it just may turn out to be military applications that are anticipated to be driving the sector in the coming years. AI has become a critical part of modern warfare globally while handling massive amounts of military data in a more efficient manner as compared to conventional systems. Increase in funding from military research agencies and rise in R&D activities to develop advanced AI systems are key factors projected to drive the increased adoption of AI systems in the military sector. AI has become a critical part of modern warfare globally. AI technologies can handle massive amounts of military data in a more efficient manner as compared to conventional systems. Increase in funding from military research agencies and rise in R&D activities to develop advanced AI systems are key factors projected to drive the increased adoption of AI systems in the military sector. Active companies in the markets this week include Hawkeye Systems, Inc. (OTCQB: HWKE), Lockheed Martin Corporation (NYSE: LMT), Raytheon Company (NYSE: RTN), L3Harris Technologies, Inc. (NYSE: LHX), Northrop Grumman Corporation (NYSE: NOC).

A recent report from Zion Market Research, projected that the global artificial intelligence in military market was valued at approximately USD $4.8 Billion in 2018 and is expected to generate around USD $16.3 Billion by 2026, at a CAGR of around 14.5% between 2019 and 2026. The report continued: "The increasing demand for developing military equipment in collaboration with artificial intelligence to enhance the security on borders, growing development of chipsets underneath artificial intelligence, and rising acceptance of cloud services by military are contributing toward the artificial intelligence in military market globally. The enhancing operational effectiveness of autonomous systems and rising adoption of artificial intelligence to develop logistics, planning, and transportation in military are said to be generating new opportunities for artificial intelligence in military market.

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