Overtaking Silicon Valley, Indo-Pacific Is Emerging As Biggest Market For Artificial Intelligence; But Can US & Allies Challenge China?

Artificial Intelligence (AI) is proving to be as much a security tool as an economic one in the Indo-Pacific, with the US and China attempting to expand their influence in the region. Because of AI's increasing role in military applications, the Indo-Pacific, rather than Silicon Valley, is now fast emerging as the principal AI market in the world. A new report from "Research and Markets" predicts that the radar simulator market alone in the Indo-Pacific will boom from $326.2 million in 2022 to $470.5 million by 2028 for a compound annual growth rate (CAGR) of 6.3%. "Unmanned aerial vehicles (UAVs) developed by various enterprises have modern capabilities and have extended their reach and operating boundaries," the report states, adding, "There has been a surge in the development of laser-guided missiles with higher accuracy to hit the locked target. To combat this threat in the future, there would be a rise in the development of radars and radar simulators to train operators to combat the rising modern warfare systems."