Artificial Intelligence in Aviation Market Scope
Artificial intelligence in aviation plays a vital role in flight management systems and autopilots. It provides the pilot with the finest possible options for operation, which is difficult for a human being to perform. Artificial intelligence is an ability of a machine to collect all the information and help them in analyzing, processing and responding in a directed way. Increase in investments by aviation companies and PE investors and rising adoption of cloud-based applications in Artificial Intelligence in the aviation market are driving the market of Artificial Intelligence in Aviation.
The market study is being classified by Type (Hardware [Processor, Memory, and Networks], Software [AI Solutions and AI Platforms] and Service [Deployment & Integration, Support & Maintenance]), by Application (Virtual Assistants, Smart Maintenance, Manufacturing, Training, Surveillance, Flight Operations, Dynamic Pricing and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Artificial Intelligence in Aviation market throughout the predicted period.
Intel (United States), NVIDIA (United States), IBM (United States), Micron (United States), Samsung (South Korea), Xilinx (United States), Amazon (United States), Microsoft (United States), Airbus (France) and Boeing (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are General Electric (United States), Thales (France), Lockheed Martin (United States) and Garmin (United States).
AdvanceMarketAnalytics has segmented the market of Global Artificial Intelligence in Aviation market by Type, Application and Region.
On the basis of geography, the market of Artificial Intelligence in Aviation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology Type, the sub-segment i.e. Machine Learning will boost the Artificial Intelligence in Aviation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Adoption of Cloud-Based Applications and Services in the Aviation Industry
- Rapid Increase of Consumers Travelling Through Airplanes
- Use of Big Data in the Aerospace Industry
- Increase in Capital Investments by Aviation Companies
- Growing Adoption of AI to Improve Customer Services
- Improved Operational Efficiency With the Help of AI in the Aviation Industry
- The Low Number of Experts who Deals with AI
- High Set up Cost for Installing AI in Aviation Industries
- Issue Regarding the Concerns of Data Privacy and Data Breaching
Key Target AudienceSemiconductor companies, Technology providers, Universities and research organizations, System integrators, AI solution providers, AI platform providers, Cloud service providers and AI system providers
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