Europe Artificial Intelligence in Defense Market 2021-2028 Examining Enormous Growth and Demand by Top Key Players - BAE Systems plc. , IBM Corporation, Leidos, Thales Group

The Europe artificial intelligence in defense market is expected to grow from US$ 1,498.71 million in 2021 to US$ 3,169.95 million by 2028; it is estimated to grow at a CAGR of 11.3% from 2021 to 2028. According to The Business Market Insights "Europe Artificial Intelligence in Defense Market" report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Europe Artificial Intelligence in Defense Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Europe Artificial Intelligence in Defense Market is based on company profiles and their efforts on increasing product value and production.

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The final report will add the analysis of the Impact of Covid-19 in this report Europe Artificial Intelligence in Defense Market.

As global tensions have persisted over the last few years, various affected nations plan and take measures to improve and recapitalize the defense status. Threats are continually evolving, i.e., from the conventional land-based to hybrid warfare threats. To address security threats and tackle terrorism, governments of several nations have already started to increase their defense budgets. According to Forbes data of April 2021, military spending grew to nearly US$ 2 trillion in 2020, a 2.6% increase in real terms in 2019. The growth in spending came in a year where global GDP contracted 4.4% due to the COVID-19 pandemic, with just five countries accounting for 62% of total expenditure. With US$ 778 billion. Further, the increasing geopolitical tensions and trade wars among major countries are driving high investments in the defense sector. A significant portion of the investment is dedicated to the procurement of AI in defense research. Further, Russia spends about US$ 12.5 million annually on AI, where many of Russia's artificial intelligence demonstrations are military in nature, such as AI-assisted combat aircraft and automatic artillery.

Some of the companies competing in the Europe Artificial Intelligence in Defense Market are BAE Systems plc. , General Dynamics Corporation, IBM Corporation, Leidos, Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the regional Europe Artificial Intelligence in Defense Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Europe Artificial Intelligence in Defense Market is analyzed and depicted in the report.

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Europe Artificial Intelligence in Defense Market Segmentation
Europe Artificial Intelligence in Defense Market - By Component
• Hardware
• Software
• Services

Europe Artificial Intelligence in Defense Market - By Technology
• Advanced Computing
• AI Systems
• Learning and Intelligence

Europe Artificial Intelligence in Defense Market - By Platform
• Land
• Air
• Naval

Europe Artificial Intelligence in Defense Market - By Application
• Cyber Security
• Battlefield Healthcare
• Logistics and Transportation
• Warfare Platform
• Others

The scope of the Report:
The report segments the regional Europe Artificial Intelligence in Defense Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the regional Europe Artificial Intelligence in Defense Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

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Reasons for buy this Report
• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Europe Artificial Intelligence in Defense market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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