AI and Robotics in Aerospace and Defense Market to surpass USD 67.9 billion by 2034, Says Global Market Insights inc.

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AI and Robotics in Aerospace and Defense Market to surpass USD 67.9 billion by 2034, Says Global Market Insights inc.

The AI and Robotics in Aerospace and Defense Market is projected to grow from USD 32.5 billion in 2024 to USD 67.9 billion by 2034, reflecting a 7.7% CAGR. This growth is driven by advancements in AI technologies that enhance the autonomy of aerospace systems, particularly in unmanned aerial vehicles and autonomous aircraft. Key AI technologies such as machine learning, computer vision, and sensor fusion are enabling these systems to operate with greater precision and reliability.

Despite the promising growth, the market faces challenges, including high research and development costs and stringent regulatory requirements. However, the demand for autonomous drones and AI-driven military robots is increasing, indicating a shift towards more efficient operational capabilities. North America leads the market, supported by significant investments from the U.S. government and strategic partnerships with defense contractors.

• Market expected to reach USD 67.9 billion by 2034.

• AI technologies enhance autonomy in aerospace systems.

Key AI Terms Mentioned in this Article

Machine Learning

Machine learning algorithms are crucial for enabling autonomous decision-making in aerospace applications.

Computer Vision

Computer vision technologies enhance the ability of drones and robots to interpret visual data.

Sensor Fusion

Sensor fusion integrates data from multiple sensors to improve the accuracy of autonomous systems.

Companies Mentioned in this Article

Airbus SE

Airbus SE is involved in developing advanced aerospace technologies, including AI-driven systems for aircraft.

Lockheed Martin Corporation

Lockheed Martin Corporation focuses on integrating AI into military robotics and surveillance systems.

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