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Artificial Intelligence and Robotics in Aerospace and Defense Market Size Rises as Drones and Unmanned Systems Proliferate
Artificial Intelligence And Robotics In Aerospace And Defense Market
The simulation of human intelligence processes by machines, particularly computer systems, is known as artificial intelligence. To improve overall equipment efficiency (OEE) and first-pass yield in production, the aerospace & defense industry is implementing robotic technologies powered by sophisticated AI-driven technologies. Aerospace companies are using AI to improve fuel efficiency by using recorded data to optimize fuel consumption during the most taxing parts of a flight and can even build custom profiles based on pilots, aircraft, location, weather, and more.
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Aerospace robotics is a robotic technology used in the aerospace industry to manufacture aircraft. Aerospace robots are used for a variety of tasks such as engine drilling, manufacturing, welding metal parts, and painting airframes. These factors drive the artificial intelligence and robotics in aerospace and defense market growth. There is a growing emphasis on developing AI systems that will enable the aviation industry to operate autonomously.
AI has been used at various levels in a variety of aerospace applications, including aircraft maintenance, aircraft health and performance monitoring, airport operations, and pilot training, among others. Now that a new roadmap for AI's safe and ethical functions has been established, players in the aerospace and defense sectors are expected to increase their adoption of AI and machine learning technologies.
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Additionally, the artificial intelligence and robotics facilitates autonomous operations in the aerospace and defense sector. For instance, artificial intelligence (AI) facilitates factory automation that helps in addressing the issues with inefficient supply chain that can lead to delay in manufacturing, cost overruns, and other issues.
Also, air traffic management which is a critical aspect in the aerospace and defense sector can be efficiently handled with the help of advanced technologies such as AI and robotics with the introduction of drones and air traffic controller. These technologies help in developing complex operational AI systems to meet the increasing demand for data management. These factors are anticipated to boost the artificial intelligence and robotics in aerospace and defense market growth in the coming years.
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Increased investment in artificial intelligence and technological advancements for workflow optimization are expected to drive demand for sophisticated analytical systems. Furthermore, the increased use of cloud-based solutions, as well as the growing demand for artificial intelligence and cognitive computing, are expected to drive market growth. For example, IBM Corporation announced the acquisition of Databand.ai, Ltd., a provider of data observability software, in July 2022.
The acquisition of Databand.ai broadens IBM Corporation's research and development efforts as well as strategic partnerships in automation and artificial intelligence. By combining Databand.ai, Ltd. with IBM observability by IBM Watson Studio and Instana APM, IBM is well positioned to address the full spectrum of observability across IT operations. These factors are anticipated to boost the artificial intelligence and robotics in aerospace and defense industry growth in the upcoming years.
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The global artificial intelligence and robotics in aerospace and defense market share is segmented based on type, application, and region. As per type, it is classified into hardware, software, and services. By application, it is classified into military, commercial, and space. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the artificial intelligence and robotics in aerospace and defense market report include Airbus SE, IBM Corporation, Boeing Company, GE Aviation, Thales Group, Lockheed Martin Corporation, Intel Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, and Microsoft Corporation.
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