AI & Robotics in the Global Defense Industry to Reach $61 Billion by 2027 - Robotics Anticipated to Account for the Largest Share of Expenditure - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Artificial Intelligence & Robotics for Defense, Market & Technology Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The Global Artificial Intelligence (AI) & Robotics in the Defense market, which is valued at US$39.22 billion in 2018, is projected to grow at a CAGR of 5.04%, to value US$61 billion by 2027. The cumulative market for global expenditure on AI & Robotics Defense Systems is valued at US$ 487 billion over the forecast period. Demand for AI & Robotics defense systems is anticipated to be driven by the massive investment made by countries like the US, China, Russia, Israel in the development of next-generation defense systems and the large scale procurement of such systems by countries like Saudi Arabia, India, Japan, and South Korea. The United States is the largest spender in the domain with China, India, Russia, Saudi Arabia, Japan, and South Korea anticipated accounting for the bulk of spending.