Press release
Artificial Intelligence In Aviation Market With: NVIDIA, Intel Corporation, Airbus, Boeing, Thales, Microsoft, Lockheed Martin, IBM, Northrop Grumman, Pilot AI, Xilinx, Iris Automation Inc , Garmin International, GE, Micron Technology, Neurala, Kittyhawk
Artificial Intelligence In Aviation
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Global artificial intelligence in aviation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Due to increased usage of artificial intelligence in aviation will affect the growth of market in future.
Artificial intelligence in aviation market is expected to reach USD 2209.03 million by 2025, from USD 110.4 million in 2017, growing at a CAGR of 45.4% during the forecast period of 2018 to 2025. The report includes market shares of artificial intelligence in aviation market for global, Europe, North America, Asia Pacific and South America. Some of the major players operating in the global market are
· Intel
· NVIDIA
· IBM
· Micron
· Samsung
· Xilinx
· Amazon
· Microsoft,
· Airbus S.A.S.
· Boeing
· General Electric
· Thales
· Lockheed Martin
· Garmin
· GE
· IRIS Automation
· Kittyhawk
· Neurala
· Northrop Grumman
· Pilot AI Labs among others
Artificial intelligence has various advantages in aviation industry, such as visual perception, speech recognition, decision-making and translation between languages for communication. It also includes advanced techniques of artificial intelligence which are used in reasoning, planning, learning, statistical analysis and computation. Artificial intelligence in aviation is well equipped or managed. Airline Passenger Experience Association (APEX) says, in the next three years more than half of the airlines prefer artificial intelligence (AI) programs and it would increase the rate of conversation from 40% to 50%.
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Major Market Drivers and Restraints:
· Use of big data in aerospace industry
· Significant increase in capital investments by aviation companies
· Rising adoption of cloud-based applications and services in aviation industry
· Increasing adoption of AI to improve customer services
· Limited number of experts in AI
Segmentation:
· The global artificial intelligence in aviation market is segmented based on
• Offerings
• Technology
• Application
• Geographical Segments
· Based on offerings, the market is segmented into
· Hardware
· Software
· Service
· On the basis of equipment, the market segmented into
· Machine learning
· Context awareness
· Nlp
· Computer vision
· On the basis of application, the market segmented into
· Virtual assistants
· Smart maintenance
· Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Points Which Are Focused In the Report
1. Historical and current artificial intelligence in aviation market size and projection up to 2025.
2. Detailed overview of parent market
3. Changing market dynamics of the industry
4. Changing artificial intelligence in aviation market stats graphs
5. Detailed overview of the market in terms of CAGR value, sales, import, export etc.
6. Major players and brands associated with the artificial intelligence in aviation market
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