Artificial Intelligence in Aviation Market Leading Players, Current Trends, Market Challenges, Growth Drivers and Business Opportunities
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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