Growing urbanization has resulted in advent of several disruptive technologies including the artificial intelligence. The AI has become integrated fragment of almost the sectors and recently the technology has also taken a plunge into aviation sector. Autopilot and flight management system are some of the key areas of implementation of the AI in aviation industry.
According to a new market study entitled “Artificial Intelligence in Aviation Market to 2027 – Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, “explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments.
The Artificial Intelligence in Aviation market is anticipated to grow in the forecast period owing to driving factors such as readily available advanced computing capabilities and explosion in the data availability and processing needs. The market is likely to showcase opportunities as the industry continues to invest in its IT and analytics capabilities. Furthermore, integration of connectivity on-board is also expected to provide the market with significant growth motivation.
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Categories of the Artificial Intelligence in Aviation Market based on the below segment and sub segments:
• By Offerings: Software, Service
• By Application: Smart Maintenance, Flight Operations, Training, Surveillance
• By Regional Analysis: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM)
The “Global Artificial Intelligence in Aviation Market Analysis to 2027” is a specialized and in-depth study of the Artificial Intelligence in Aviation industry with a special focus on the global market trend analysis. The report aims to provide an overview of Artificial Intelligence in Aviation market with detailed market segmentation by offering, technology, application, and geography.
The global Artificial Intelligence in Aviation market is segmented on the basis of offering, technology, application. Based offering, the market is segmented as Software, Service. On the basis of the technology the market is segmented as Machine Learning, Natural Language Processing (NlP), Context Awareness Computing, and Computer Vision. The market on the basis of the end user is classified as Smart Maintenance, Flight Operations, Training, Surveillance, and Others.
Leading Key Players:
• AIRBUS
• AMAZON
• BOEING
• INTEL CORPORATION
• IBM CORP.
• MICRON
• MICROSOFT
• NVIDIA
• SAMSUNG
• XILINX
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Artificial Intelligence in Aviation market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
The Artificial Intelligence in Aviation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Artificial Intelligence in Aviation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Artificial Intelligence in Aviation market in these regions.
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The reports cover key developments in the Artificial Intelligence in Aviation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players.
Key Benefits
• This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
• In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
• This study further includes market share analysis in terms of type and applications.
• Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
• Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.