Global Artificial Intelligence in Aviation Market was valued US$ 160.05 Million in 2018 and is expected to reach US$ XX Million by 2026, at a CAGR of XX% in the forecast period.
Artificial Intelligence in Aviation Market has been segmented on the basis of technology, offering, application, and geography. Based on offering market is split into Hardware & Software. Technology is divided into Natural Language Processing (NLP), Context, Awareness Computing, Machine Learning, and Computer Vision. Application of the market is Flight Operations, Smart Maintenance, Training, Virtual Assistants, Surveillance, Dynamic Pricing, and Manufacturing. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Artificial intelligence in aviation sort the information and provide the pilot with the best possible options for operation, which is impossible for human being to perform. It is an ability of a machine to gather the information to analyze, process and to respond in a directed way. Some of the market drivers included and analyzed in detail for decision makers reference include - Increasing adoption of machine learning and NLP technologies for virtual assistance, training applications in the aviation sector, increase in the investments by aviation companies and PE investors, rising adoption of cloud-based applications in Artificial Intelligence in Aviation Market It is also been found that limited numbers of experts in AI industry are restricting the growth of the Artificial Intelligence in Aviation Market.
Based on the Offering, Software segment held the largest share of the overall Artificial Intelligence in Aviation Market in offering segment in 2017 thanks to the developments in AI software for applications such as surveillance, flight operations, and airport operations.
On the basis of Application, Virtual assistants are expected to hold the largest share of the Artificial Intelligence in Aviation Market throughout the forecast period. AI-based virtual assistants help airline companies to improve their productivity and increase the efficiency of pilots by reducing recurring works, such as changing radio channels, reading wind forecasts, and providing position information on requests. These recurring jobs are taken care of by the AI-enabled virtual assistants.
In terms of Geography, North America is expected to hold the largest share in Aviation Market in the forecast period, owing to an increased adoption in applications such as Virtual assistance, smart maintenance, manufacturing, and surveillance. Continuous growth in the number of air travellers is also demanding airline companies to adopt AI in their daily operations to enhance their efficiency.
Key players operate on the market are, Intel, Nvidia, Xilinx, Micron, Samsung Electronics, IBM, Microsoft, Airbus, Amazon, Boeing, GE, Thales, Lockheed Martin, Garmin.
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Scope of Global Artificial Intelligence in Aviation Market Analytics
Global Artificial Intelligence in Aviation Market by Offering:
• Hardware
• Software
Global Artificial Intelligence in Aviation Market by Technology:
• Natural Language Processing (NLP)
• Context Awareness Computing
• Machine Learning
• Computer Vision
Global Artificial Intelligence in Aviation Market by Application:
• Flight Operations
• Smart Maintenance
• Training
• Virtual Assistants
• Surveillance
• Dynamic Pricing
• Manufacturing
Global Artificial Intelligence in Aviation Market by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players operating in Global Artificial Intelligence in Aviation Market:
• Intel
• Nvidia
• Xilinx
• Micron
• Samsung Electronics
• IBM
• Microsoft
• Airbus
• Amazon
• Boeing
• GE
• Thales
• Lockheed Martin
• Garmin
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Artificial Intelligence in Aviation Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Artificial Intelligence in Aviation industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Artificial Intelligence in Aviation manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Artificial Intelligence in Aviation market covering all important parameters.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-artificial-intelligenceaviation-2019-2024-645The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Artificial Intelligence in Aviation industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Artificial Intelligence in Aviation industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Artificial Intelligence in Aviation Industry before evaluating its feasibility.There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Artificial Intelligence in Aviation as well as some small players.
At least 18 companies are included: Amazon Boeing Garmin GE IBM IntelFor complete companies list, please ask for sample pages.The information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of Artificial Intelligence in Aviation market in global and china.
he report "Artificial Intelligence in Aviation Market by Offering (Hardware, Software, Service), Technology (Machine Learning, Context Awareness, NLP, Computer Vision), Application (Virtual Assistants, Smart Maintenance), and Geography - Global Forecast to 2025", is expected to be valued at USD 152.4 Million in 2018 and is likely to reach USD 2,222.5 Million by 2025, at a CAGR of 46.65% during the forecast period.
The major factors driving the growth of the AI in aviation market include the use of big data in the aerospace industry, significant increase in capital investments by aviation companies, and rising adoption of cloud-based applications and services in the aviation industry.
Browse 66 tables and 52 figures spread through 165 pages and in-depth TOC on "Artificial Intelligence in Aviation Market - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106037016 Early buyers will receive 10% customization on reports.
AI systems require highly effective and efficient hardware to display intelligent capabilities similar to the human brain.
For example, in September 2017, Aerialtronics DV B.V. (Netherlands), Neurala (US), and NVIDIA (US) collectively developed an AI-based drone for flight inspections.
North America to hold the largest share of the overall AI in aviation market by 2025 Virtual assistance, smart maintenance, manufacturing, and surveillance are some of the major application areas for AI in the aviation sector in North America.
Artificial Intelligence in Aviation Market SizeThe Artificial Intelligence in Aviation Market is estimated to grow from USD 241.73 Million in 2019 to reach USD 5,229.97 Million by 2027, at a CAGR of 46.9% during the forecast period from 2020-2027.Increasing adoption of different cloud-based applications are various services in the aviation industry, increasing capital investments by the companies in the aviation industry and varied uses of big-data in the aerospace industry are some of the factors driving the overall growth of global market.Artificial Intelligence in Aviation Market by Offering (Services, Software, Hardware); by Application (Smart Maintenance, Virtual Assistants and Others); by Technology (NLP, Machine Learning, Computer Vision and Context Awareness Computing) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027.Request For Sample Report: https://www.reportcrux.com/request-sample-report/Artificial-Intelligence-in-Aviation-MarketArtificial Intelligence in Aviation CompaniesTop key players in Artificial Intelligence in Aviation Market analysisNVIDIA (US)Intel (US)Microsoft (US)Amazon (US)Boeing (US)IBM (US)Xilinx (US)Micron (US)Garmin (US)General Electric (US)Lockheed Martin (US)Airbus (France)Thales (France)Samsung (South Korea) The report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the Artificial Intelligence in Aviation market.
Market OverviewThe market report covers a basic overview of the market from the industry perspective.
This will help the reader to get a gist about different industry dimensions from a manufacturer’s view.
The report divides the market into different sections and is comprised of market revenue (value) by segments.The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years.
The report provides different statistics and figures and charts that will help analyze trends and global Artificial Intelligence in Aviation market share along with its growth rate in different regions and countries.Key players across the globe are profiled in the report along with its company landscaping.
Product portfolio for each company, recent developments and company strategies are covered along with the company financials.Segmentation AnalysisThe report describes in detail market segmentation by dividing the market based on its Offering, Application, Technology and region and is analyzed from 2016 to 2027 by value.
