AI in Aerospace and Defense Market Size and Key Players and Analysis
The global AI in aerospace and defense market size is predicted to increase from USD 23.14 billion in 2023 to approximately USD 59.33 billion by 2033, expanding at a CAGR of 9.91% from 2023 to 2033. The key players operating in the AI in aerospace and defense market are The Boeing Company, Lockheed Martin, Northrop Grumman Corporation, RTX Corporation, Thales Group, Honeywell International Inc., Deutsche Telekom AG, General Electric Co., Indra Sistemas SA, Intel Corporation, International Business Machines Corporation, Iris Automation, Microsoft Corporation, NVIDIA Corporation, Raytheon Technologies Corporation, SparkCognition Inc., Safran, and Others.
Market Report Scope
| Report Coverage |
Details |
| Market Size by 2033 |
USD 59.33 Billion |
| Market Size in 2023 |
USD 23.14 Billion |
| Market Growth Rate |
CAGR of 9.91% |
| Leading Region |
North America |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Offering, Deployment Type, Platform, Technology, Application, End-use, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
AI In Aerospace and Defense Market Companies
- The Boeing Company
- Lockheed Martin
- Northrop Grumman Corporation
- RTX Corporation
- Thales Group
- Honeywell International Inc.
- Deutsche Telekom AG
- General Electric Co.
- Indra Sistemas SA
- Intel Corporation
- International Business Machines Corporation
- Iris Automation
- Microsoft Corporation
- NVIDIA Corporation
- Raytheon Technologies Corporation
- SparkCognition Inc.
- Safran
Latest Announcements by Industry Leaders
- In June 2024, Safran CEO Olivier Andriès shared insights on the group’s plan, “With multiple applications, it will represent a step-change for the company’s defense and space technology businesses and will also allow the company to deploy AI-enabled digital inspection methods to support and focus on flight safety and quality.”
- In September 2024, Sukaran Singh, chief executive officer and managing director of Tata Advanced Systems, stated, “Collaboration with Lockheed Martin on the C-130J platform proposition for IAF’s MTA project is a milestone for Tata Advanced Systems,”. On that, Rod McLean, vice president and general manager of the Air Mobility and Maritime Missions line of business at Lockheed Martin, responded, “This teaming agreement between Lockheed Martin and Tata Advanced Systems further demonstrates Lockheed Martin's commitment to a self-reliant India and the confidence that exists in our relationships with our partners in India and the Indian industry at large.”
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