AI in Aviation Market is Anticipated to Expand at a Striking CAGR of 46.83% during the forecast period of 2017-2023 and reach the valuation of 1014.81 Mn by the end of 2023 from USD 113.29 Mn in 2017

AI in Aviation Market is Anticipated to Expand at a Striking CAGR of 46.83% during the forecast period of 2017-2023 and reach the valuation of 1014.81 Mn by the end of 2023 from USD 113.29 Mn in 2017

“AI in Aviation Market”
AI In Aviation Market Research Report by Type (Hardware, Software, Services), Equipment (Autocollimator, Measuring Microscope, Profile Projector, and Others), Technology (Machine Learning, Natural Language Processing, Computer Vision, and Others), Application (surveillance, virtual assistance, flight operations, smart logistics, and Others), and Region–Global Forecast to 2023

Market Highlights

Increasing demand for automation in various industrial sectors and rapid technological advancement are leading to the development of artificial intelligence technology and widening its application area. According to the report published by Market Research Future (MRFR), the global AI in aviation market is marked to expand strikingly at a CAGR of 46.83% during the forecast period of 2017-2023 and reach the valuation of USD 1014.81 Mn by the end of the assessment period from USD 113.29 Mn in the year 2017. Rise in demand for process optimization and performance improvement through machine learning along with the utilization of big data in aviation industry are resulting in the remarkable growth of the global AI in aviation market during the forecast period.

The primary types of technologies that are covered in the report are hardware, software and services. The types of equipment that are assessed in the report on the global AI in aviation market are machine learning, natural language processing, context awareness computing and computer vision. 

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Major Key players

  • Intel Corporation
  • Garmin Ltd.
  • IBM Corporation
  • IRIS Automation
  • Airbus SE
  • Boeing
  • General Electric
  • Samsung Electronics
  • Amazon

Segmentation:

The global AI in aviation market has been segmented on the basis of type, equipment, technology and application. based on type, the AI in aviation market has been segmented into hardware, software and services. The hardware segment has been sub-segmented into processors, memory and network. The software segment has been sub-segmented into AI platform and AI solution. The services segment has been sub-segmented into integration & development and support & maintenance. Among these, the software segment commands for the maximum share in the global AI in aviation market.

Based on equipment, the AI in aviation market has been segmented into autocollimator, measuring microscope, profile projector, optical digitizers & scanners (ODS), co-ordinate measuring machine (CMM) and vision measuring machine (VMM). Among these, the co-ordinate measuring machine (CMM) segment command for the largest share in the global AI in aviation market.

Based on technology, the AI in aviation market has been segmented into machine learning, natural language processing, context awareness computing and computer vision. The machine learning segment commands for the major share in the global AI in aviation market and has been sub-segmented into deep learning, supervised learning, unsupervised learning, semi-supervised learning and reinforcement learning.

Based on application, the AI in aviation market has been segmented into surveillance, virtual assistance, flight operations, smart logistics, smart maintenance, training, dynamic pricing, manufacturing and others. The manufacturing segment has been sub-segmented into material movement, inspection & predictive maintenance, production planning, quality control and waste reclamation. The virtual assistance segment commands for the major share in the global AI in aviation market.

 Regional Analysis:

Geographically, the global AI in aviation market has been segmented into four major regions such as Europe, North America, Asia Pacific and the rest of the world. The North America region is dominating the global AI in aviation market owing to the rapid expansion of aviation industry, easy adoption of technologically advanced solutions in various industrial sectors and current developments in the artificial intelligence technology in this region.

The Europe region is projecting significant growth in the global AI in aviation market owing to the increased research and development in the field of artificial intelligence technology in this region.

The AI in aviation market in the Asia Pacific region is expanding at the fastest growth rate owing to the increased investment for the development of aviation industry in this region. Lack of penetration of advanced technology and poor economic conditions are restraining the growth of the AI in aviation market in the Middle East and Africa region.

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List of Tables

Table1 North America Global AI In Aviation Market: By Country, 2018-2023

Table2 Europe Global AI In Aviation Market: By Country, 2018-2023

Table3 Asia Pacific Global AI In Aviation Market: By Country, 2018-2023

Table4 The Middle East & Africa Global AI In Aviation Market: By Country, 2018-2023

Table5 Latin America Global AI In Aviation Market: By Country, 2018-2023

Table6 North America Global AI In Aviation Market, By Country

Table7 North America Global AI In Aviation Market, By Type

Table8 North America Global AI In Aviation Market, By Equipment

Table9 North America Global AI In Aviation Market, By Technology

Table10 North America Global AI In Aviation Market, By Application

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