Security Technology
Market
Security News Every Day
www.securityworldmarket.com
1 0 · d e t e k t o r i n t e r n a t i o n a l
Strong investment in smart building AI led by China
Airborne countermeasure market to rise to $14.9b
Stockholm, Sweden
Northbrook, Il (USA)
Over the last couple of years, some genuinely transfor-
mational and highly innovative commercial AI solu-
tions are emerging in the smart buildings space.
Significant technological advancements and integra-
tion of electronics in military equipment are result-
ing in a shift towards multi-layered defence systems,
which is expected to drive the Airborne Countermeas-
ure Systems market to $14.9 billion during the period,
20212026.
Against this backdrop, Memoori
has prepared a comprehensive
market analysis based on a
bottom-up model that evaluates
the AI and Machine Learning of-
ferings of 255 companies, ranging
from some of the world's largest
tech firms, to niche startups based
in a total of 17 different countries
around the globe.
Memoori estimates that
the market for AI & Machine
Learning in Smart Commercial
buildings generated total revenues
of $1.11 billion in 2020, and pre-
dicts that it will grow by 24.3%
CAGR through to 2025 nearly
tripling in value to approx. $3.3
billion by 2025.
AI to displace older
generation devices
While organic sales growth of
new AI powered solutions will be
responsible for the majority of the
expected growth in the market,
the analysts believe it will also
be driven, in part, by AI taking
responsibility for an ever-greater
proportion of existing building
systems already in operation. AI
devices will increasingly displace
older generations of edge devices,
and AI powered analytics will
displace some more traditional
forms of software analytics being
sold today.
Hardware a solid proportion
The majority of hardware revenues
are from edge devices, particularly
the various kinds of AI enabled
camera devices. Other market
analysis dedicated to the wider
market for AI solutions show a
much heavier weighting towards
software generated revenues,
but the relative importance of
computer vision solutions for the
smart buildings market means
hardware revenues constitute a
solid proportion of the market
and will continue to do so go-
ing forward. Memoori analysts
estimate that hardware revenues
currently make up 35.5% of the
market.
AI attracts significant
investment
According to the research, the
global AI industry is attracting
significant investment and this
trend also applies to those with
solutions for the Smart Building
market. Almost half of the firms
in the study are cited as having
received some form of declared
equity investment. Of these, 111
have received $1 million or more
in declared funding with the
median total amount of funding
received running at $12 million
across all of the companies on
the list. Memoori's analysis also
indicates that Chinese firms are
in receipt of the largest amount
of total funding since 2010, with
over $6.3 billion, compared to
$3.9 billion for US firms.
In its latest study, MarketsandMar-
kets, predicts that the market will
grow to achieve this figure from
an estimated USD 11.6 billion in
2021 at a CAGR of 5.2%.
In addition to these factors, the
increase in the use of UAV systems
and the need for ground surveillance
and communication jamming serve
as opportunities for the Airborne
Countermeasure Systems market.
The new emerging security
scenarios across the globe are trans-
national in nature and warrant a
unified approach among nations.
Industries having a global presence
and undergoing partnerships with
local and international defence
industry participants and govern-
ments are expected to benefit in
this highly competitive business
environment.
The research suggests that
companies wanting to grow in this
market must be able to track the
various trends with respect to the
threats and technologies needed
to tackle these, and also provide
complete solutions, which include
the services and equipment for
Airborne Countermeasure Systems
systems.
Jamming, missile defence and
counter countermeasure systems
are the main applications in
this sector, and benefits such as
advanced electronic protection, and
electronic support applications, will
promote growth at a faster CAGR
for this equipment to counter
the threat of potentially hostile
unmanned aircraft systems.
The growth in the Airborne
Countermeasure Systems market
is expected to drive the growth of
the three platforms proportionately.
The requirement of military aircraft
in battlefield for surveillance and
threat detection capabilities, is
expected to drive the market during
the forecast period.
Aircraft shielding
Based on product, the Self-
Protection EW Suite segment is
projected to grow at the highest
CAGR during the forecast period.
The requirement of electronic suites
helps in protecting the aircraft by
shielding and reducing human loss
and increasing capabilities, and
investments in R&D towards these
systems are helping the growth of
market for Airborne Countermeas-
ure Systems.
Increased geo-political
tensions
In North America, the growth of
this market is primarily driven by
increasing focus on investment
growth in Airborne Counter-
measure Systems technologies by
countries in this region. In addi-
tion, factors including increasing
geopolitical tensions and increased
defence-related expenditure are
expected to drive the demand for
Airborne Countermeasure Systems
market in the region.
This report includes a study on
the marketing and development
strategies, along with the product
portfolios of leading companies.
It consists of profiles of leading
companies, such as Lockheed
Martin Corporation, North-
rop Grumman Corporation,
Israel Aerospace Industries Ltd,
Raytheon Technologies Corpora-
tion, Thales Group, L3 Harris
Technologies, Inc, BAE Systems,
and Saab.
Venture Capital Funding by Country - AI & ML companies with offerings to the
commercial smart buildings market total since 2010, in $M per country
Image courtesy of Memoori Resear
ch