Artificial intelligence (AI) is being adopted rapidly in the aviation industry to improve efficiency, safety, and passenger experience. Some of the major applications of AI in aviation include predictive maintenance, flight planning, air traffic control, customer service, baggage management, pilot training, cybersecurity, etc. The latest analysis predicts global artificial intelligence in aviation market will grow from USD 709.0 million in 2022 to USD 7,957.6 million by 2029, achieving a CAGR of 41.26 percent, according to the latest edition of the Global Artificial Intelligence in Aviation Market Report.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global artificial intelligence in aviation market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the offering, technology, application, and region. The global market for artificial intelligence in aviation can be segmented by offering: hardware, services, software. The software segment is estimated to account for the largest share of the global artificial intelligence in aviation market. Artificial intelligence in aviation market is further segmented by technology: computer vision, context awareness computing, machine learning, natural language processing. The machine learning segment held the largest revenue share in 2022. Based on application, the artificial intelligence in aviation market is segmented into: manufacturing, smart maintenance, training, virtual assistants, others. Globally, the virtual assistants segment made up the largest share of the artificial intelligence in aviation market. On the basis of region, the artificial intelligence in aviation market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America was the largest contributor to the global artificial intelligence in aviation market in 2022.
Market Segmentation
By offering: hardware, services, software
By technology: computer vision, context awareness computing, machine learning, natural language processing
By application: manufacturing, smart maintenance, training, virtual assistants, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The market research report covers the analysis of key stake holders of the global artificial intelligence in aviation market. Some of the leading players profiled in the report include Searidge Technologies Inc., Airbus S.A.S., Amazon Web Services, Inc., Boeing Company, Garmin Ltd., General Electric Company, IBM Corporation, Intel Corporation, Iris Automation Inc., Lockheed Martin Corporation, Micron Technology, Inc., Microsoft Corporation, Northrop Grumman Corporation, NVIDIA Corporation, Paladin AI Inc., Pilot AI Labs, Inc., Samsung Electronics Co., Ltd., Thales S.A., Xilinx, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global artificial intelligence in aviation market.
• To classify and forecast the global artificial intelligence in aviation market based on offering, technology, application, region.
• To identify drivers and challenges for the global artificial intelligence in aviation market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global artificial intelligence in aviation market.
• To identify and analyze the profile of leading players operating in the global artificial intelligence in aviation market.
Why Choose This Report
• Gain a reliable outlook of the global artificial intelligence in aviation market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2023-2029 |
| CAGR (2023-2029) | 41.26% |
| Pages | 90 |
| Key Players | Searidge Technologies Inc., Airbus S.A.S., Amazon Web Services Inc., Boeing Company, Garmin Ltd., General Electric Company, IBM Corporation, Intel Corporation, Iris Automation Inc., Lockheed Martin Corporation, Micron Technology Inc., Microsoft Corporation, Northrop Grumman Corporation, NVIDIA Corporation, Paladin AI Inc., Pilot AI Labs Inc., Samsung Electronics Co. Ltd., Thales S.A., Xilinx Inc. |
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