Spending on artificial intelligence (AI) and robotics is projected to dominate the global Defense market. While technology over the last few decades has drastically changed military investment around the world, innovations in robotics and AI have amounted to a major shift in where funds are routed and which industrial sectors are tapped to strengthen and secure a country’s arsenal.
The US government has invested heavily in these technologies over the last few years, with companies like Northrop Grumman and Lockheed Martin working on projects for unmanned aircraft and autonomous systems that support soldiers on the ground and an increasingly remote-operated series of defenses. As these technologies become more advanced, we can expect them to be used in combat situations globally.
Big Spenders In North America And Asia
A more breakneck pace of change can also be expected as governments and manufacturers continue to funnel larger and larger investments into automated defense technology.
According to the study: Global Artificial Intelligence & Robotics for Defense, Market & Technology Forecast to 2027, AI and robotics defense spending is projected to hit US $61 billion in less than a decade.
Between now and 2027, the market for global defense spending on AI robotics is valued at US $487 billion.
These investments are global, with the leading contributors being the US, China, Russia, Israel. Saudi Arabia, India, Japan, and South Korea are also expected to significantly increase investments in defense-centric AI and robotics.
The forecast report further states that North America will lead the pack in terms of global expenditure on such innovation efforts. The Asia-Pacific region will closely follow, with the bulk of investments coming from China, India, South Korea, and Japan.
Increased Investments And Broader Innovations
AI and robotics may be the leading driver of defense spending through the next few years, and this will likely lead to broader impacts across industrial and commercial sectors. As consistently shown through all types of military-focused investment, more funds put toward tech-based military assets will be likely to foster innovation in many unexpected ways.
As the world becomes increasingly accustomed to automated, AI-driven reality, it’s not surprising that defense spending has followed suit.
What do you think an AI and robotics-dominated military will look like in the near future? Have investments like these already impacted the direction of your role, company, or industry?
Comment and let us know.
ABOUT Northrup Grumman
At Northrop Grumman, we’re on the forefront of national security and space exploration.
Every day, Northrop Grumman is working with our partners to learn more and defend throughout the space domain, one of the most important factors in national security.
Bottom line? If it’s been to space, is already in orbit or is being built to defend and explore the great beyond, there’s a good chance Northrop Grumman was in on the ground floor.
Northrop Grumman specializes in innovating low-cost, highly reliable and precise weapons and ammunition for artillery and mortar systems, medium-caliber weapons platforms, battle tanks and individual soldiers. The company is the world’s top producer of medium-caliber live and training ammunition and gun systems, with more than five million units built in the last five years.
Northrop Grumman is also a pioneer in hardened electronics technologies used in weapon applications and produces precision guidance kits that employ a common technology base to transform conventional artillery and mortar munitions into precise, Global Positioning System (GPS)-guided weapons.
ABOUT Lockheed Martin
Over one hundred years ago, on August 16, 1912, Glenn L. Martin established the Glenn L. Martin Company in Los Angeles, California. He started the company after building his first plane in a rented church, where he took a leap of faith on his risky but innovative new aircraft design at the urging of none other than Orville Wright.
Four months later and four hundred miles away, on December 19, 1912, Allan and Malcolm Lockheed founded the Alco Hydro-Aeroplane Company, later renamed the Lockheed Aircraft Company. Talented mechanics, they set up shop out of a garage, constructing seaplanes that would shatter speed and distance records for overwater flights.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Our mission to solve complex challenges, advance scientific discovery and deliver innovative solutions to help our customers keep people safe. Our vision to be the global leader in supporting our customers’ missions, strengthening security and advancing scientific discovery.
Article Sources
https://www.businesswire.com/news/home/20210312005141/en/AI-Robotics-in-the…
