Surging Air Travel Demand Fuels Growth In The Aerospace Artificial Intelligence Market Driver: Leading Transformation in the Aerospace Artificial Intelligence Market in 2025

What combination of drivers is leading to accelerated growth in the aerospace artificial intelligence market?
The escalating need for air transportation is anticipated to spur the expansion of aerospace artificial intelligence in the upcoming years. Air travel, which entails the transportation from one locale to another using flying apparatuses such as airplanes, helicopters, and air balloons, incorporates aerospace artificial intelligence to bolster flight management, predictive maintenance, and autonomous systems in the aviation sector. This integration amplifies safety, efficiency, and passenger satisfaction. For example, statistics from the United States Bureau of Transportation, a US-based national transportation authority, revealed in March 2023 that there was a passenger increase of 194 million in 2022 when compared to 2021, marking a 30% annual increment. Moreover, the agency reported that US airlines ferried 853 million unadjusted passengers in 2022, up from 658 million in 2021 and 388 million in 2020. Hence, the mounting demand for air travel is fueling the development of the aerospace artificial intelligence market.

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What is the projected compound annual growth rate (CAGR) of the aerospace artificial intelligence market from 2025 to 2034, and what factors influence it?
The market size for artificial intelligence in aerospace has seen substantial growth over the past few years. With an anticipated step up from $0.92 billion in 2024 to $1.31 billion in 2025, the compound annual growth rate (CAGR) is projected to be 41.9%. The considerable growth witnessed in the past can be ascribed to the enhanced fuel efficiency provided by artificial intelligence (AI), consistent developments, enhanced investments, the use of AI in various tasks, the rising demand for unmanned aerial vehicles, and an amplified focus on upgrading air traffic management.

In the coming years, the aerospace artificial intelligence market is projected to experience significant expansion. By 2029, the industry is forecasted to be valued at $4.49 billion, with a compound annual growth rate (CAGR) of 36.2%. Several factors contribute to this growth during the forecast period, including the escalated demand for autonomous systems, the necessity for predictive maintenance, the rise in utilizing AI in aircraft construction and design, the increase in AI usage for aircraft inspection and testing, and the growing need for AI-powered supply chain management solutions. Key trends over the forecast period consist of the application of AI in urban air mobility, the integration of 5G and AI, using blockchain for AI security, promoting sustainability through AI, designing resilient AI systems, and utilizing AI in outer space resource exploration.

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How are the latest trends influencing the growth of the aerospace artificial intelligence market?
Leading organizations in the aerospace AI market are prioritizing strategic partnerships as a means to deliver dependable services to customers. Strategic collaboration is a joint venture between two or more parties aiming to accomplish certain objectives that could be challenging or unattainable if pursued individually. For example, in June 2023, Pratt & Whitney, a US organization that develops AI-based solutions for aircraft, joined forces with Awiros, an AI start-up from India, to roll out Percept. This AI-infused aircraft engine analysis tool operates on the Awiros Video Intelligence Operating System (OS). Its cloud-friendly interface allows users to capture images and videos of aircraft engines using their mobile devices, while also providing immediate updates about their readiness. This enables rapid and cost-effective management of rented engine assets. Instead of an inspector manually assessing an engine and validating it piece by piece, Percept speeds up the process by automating the investigation, thus saving over 90% of the time.

What are the major segments of the aerospace artificial intelligence market and their role in driving growth?
The aerospace artificial intelligence market covered in this report is segmented -

1) By Offering: Software, Hardware, Services
2) By Technology: Machine Learning, Natural Language Processing, Computer Vision, Context Awareness Computing
3) By Application: Customer Service, Smart Maintenance, Manufacturing, Training, Flight Operations, Other Applications

Subsegments:
1) By Software: Predictive Maintenance Software, Flight Planning And Optimization Software, Autonomous Systems Software
2) By Hardware: AI-Enabled Sensors, Processing Units, Robotics And Automation Systems
3) By Services: Consulting Services, Integration And Implementation Services, Maintenance And Support Services

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Which regions are key players in the growth of the aerospace artificial intelligence market?
North America was the largest region in the aerospace artificial intelligence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the aerospace artificial intelligence market?
Major companies operating in the aerospace artificial intelligence market report are Microsoft Corporation, Raytheon Technologies Corp., The Boeing Company, Lockheed Martin Corp., General Electric Company, Airbus S.A.S., International Business Machines Corporation (IBM), Intel Corporation, Northrop Grumman Corp., NVIDIA Corp., BAE Systems plc, Infosys Ltd., Thales Groups, L3Harris Technologies, Inc., Textron Systems, Dassault Systèmes SA, Embraer SA, Indra Sistemas SA, Kongsberg Gruppen, Honeywell Aerospace, Curtiss-Wright Corporation, Meggitt PLC, SITA, Kratos Defense & Security Solutions, AeroVironment, PAL Aerospace, Shield AI, Spark Cognition, Iris Automation Inc.

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What Is Covered In The Aerospace Artificial Intelligence Global Market Report?

• Market Size Forecast: Examine the aerospace artificial intelligence market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aerospace artificial intelligence market for a structured understanding.
• Key Players Overview: Analyze major players in the aerospace artificial intelligence market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aerospace artificial intelligence market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aerospace artificial intelligence market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aerospace artificial intelligence market.
• Industry Challenges: Identify potential risks and obstacles affecting the aerospace artificial intelligence market.
• Competitive Landscape: Review strategic developments in the aerospace artificial intelligence market, including expansions, agreements, and new product launches.

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