Press release
Artificial Intelligence (AI) In Aviation Market Growth, Research Forecast With Airbus, Microsoft, Xilinx, GE, IBM, Boeing, Thales, Pilot AI, NVIDIA, Northrop Grumman, Amazon Web Service, Intel Corporation, Garmin International
Artificial Intelligence (AI) In Aviation Market
The main objective of the artificial intelligence in aviation report is to study and forecast the market size of the block chain technology in the global market. This report defines, describes and forecast the market from 2019 to 2026. Additionally, the report shall also incorporate available opportunities in micro artificial intelligence in aviation markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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Artificial intelligence in aviation market is expected to reach USD 2209.03 million by 2025, growing at a CAGR of 45.4% during the forecast period of 2019 to 2025. The report includes market shares of artificial intelligence in aviation market for global, Europe, North America, Asia Pacific and South America.
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%. Some of the major players operating in the global market are
Intel
NVIDIA
IBM
Micron
Samsung
Xilinx
Amazon
Microsoft,
Airbus S.A.S.
Boeing
Thales
Lockheed Martin
Garmin
GE
IRIS Automation
Kittyhawk
Neurala
Northrop Grumman
Pilot AI Labs among others
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
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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
By Geography
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
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