Europe Artificial Intelligence and Analytics in Defense Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

The Europe Artificial Intelligence Analytics in Defense Market is anticipated to witness a CAGR of 8% during the forecast period.

The COVID-19 pandemic has had short-term negative implications on artificial intelligence analytics in the European defense market. The COVID-19 pandemic led to various manufacturers losing most of their access to finance for various artificial intelligence and blockchain technologies. On the other hand, it is expected that there the European region will gain a positive push since such technologies bear the capabilities to increase digitalization and reinvent the major sectors which were hard hit by the pandemic.

Artificial Intelligence Analytics will gain huge importance within the European region in the coming years due to the current increase in investments that the European government is undertaking toward artificial intelligence technologies. Various advances over the past few decades in mass data processing, algorithms, and graphic processing units have had a positive impact, resulting in the discovery of various artificial intelligence techniques. Such advances have been magnified by sharing of various open-source algorithms as well as research challenges, which have led to significant growth in terms of recognition of objects as well as autonomous navigation.

In the current scenario, Europe is in the midst of finalizing a new European Union Artificial Intelligence Act, which is a first-of-its-kind act for the European Union that will mostly be concentrated on horizontal artificial intelligence regulation. The EU act will be the global standard for AI policies and help in developing/creating a wide variety of implications that will be aimed at developing global AI regulations and building cooperation on AI at an international level. One of the primary advantages which Europe has is being a part of the NATO alliance, which means that Europe does not have to start from scratch when it comes to the development of artificial intelligence technologies. Various European states who are already a part of the NATO alliance will receive benefits in terms of artificial intelligence analytics development and collaborations. Moreover, major fundings are also available through the European Defense Fund for research and capability development activities in the defense sector.

Europe Artificial Intelligence & Analytics in Defense Market Trends

Increasing Investments In Artificial Intelligence Will Drive The Market During The Forecast Period

The defense industry in Europe is now witnessing increased investments in terms of artificial intelligence across several applications. Rapid and immense developments in the areas of quantum computing, together with the exceptional skills related to quantum computing, have made artificial intelligence a key area of focus strategies. In the areas of “product design,” AI algorithms help in evaluating and streamlining the design and the manufacturing systems from an assortment of design alternatives in a short period. Artificial intelligence can also be used to reduce the use of gallons of fuel by manufacturing lightweight parts by making use of advanced 3D printing systems. Moreover, artificial intelligence is also gaining increasing importance in improving military pilot training. The use of AI simulators is increasing worldwide to help pilots experience realistic situations during training. The increasing investments in the development of artificial intelligence technologies by companies such as Athea as well as BAE Systems PLC, coupled with an increasing push by government agencies, are propelling the growth of artificial intelligence analytics in the defense sector in Europe. All the above factors are likely to lead to the growth of the market in the forecast period.

France Is Expected To Be The Largest Market In The Forecast Period

The French region is expected to be the largest market when it comes to making use of artificial intelligence analytics in the European defense sector. Various governmental initiatives, as well as developments taking place in the French region, is the main contributing factor to its growth. Moreover, France is also working on new artificial intelligence strategies for its defense sector. The French Defense Ministry is making major developments on projects such as big data and artificial intelligence development contracts that will boost artificial intelligence in France's defense sector. France is now considered by various countries in the European region as a leader with respect to artificial intelligence technologies R&D.

On the one hand, where the development in research is growing, the development of artificial intelligence products or services has not seen such significant growth in France in the past few decades. In the present scenario, France is expecting to reverse the situation by entering into various partnerships with major companies in order to develop and grow with respect to artificial intelligence technologies, which will provide the country with the necessary boost and witness significant growth. The country's relatively low but constantly growing defense expenditure indicates its high focus on improving its military capabilities and is expected to drive market growth during the forecast period.

Europe Artificial Intelligence & Analytics in Defense Market Competitor Analysis

Artificial Intelligence Analytics refers to the process of automating analysis regarding data, which is a very time-consuming as well as people-intensive process. Artificial Intelligence analytics uses machine learning and artificial intelligence technologies to analyze unstructured data critically.

Additionally, the report has been segmented by component, platform, application, and country. By component, the market is segmented by hardware and software. By platform, the market is segmented by land, air, and naval. By application, the market is segmented by cybersecurity, battlefield healthcare, and warfare platform. The report also covers market sizes and forecasts of different countries in the European region. The report offers a market forecast and is represented by USD million. The study also includes the trends currently prevalent in the market and the key players operating in the market.

Additional benefits of purchasing the report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

This product will be delivered within 2 business days.