Global Aerospace Artificial Intelligence Market 2024-2028
The aerospace artificial intelligence market is forecasted to grow by USD 4694.7 mn during 2023-2028, accelerating at a CAGR of 43.6% during the forecast period. The report on the aerospace artificial intelligence market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in global air traffic, rapid technological advancements in AI, and the increasing use of data analytics for decision-making.
Technavio's aerospace artificial intelligence market is segmented as below:
By Component
By End-user
- Machine learning
- Natural language processing
- Computer vision
- Context awareness computing
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the emergence of nlp for cockpit interaction as one of the prime reasons driving the aerospace artificial intelligence market growth during the next few years. Also, the growing use of cognitive electronic warfare systems and the emergence of digital twin technology will lead to sizable demand in the market.
The report on the aerospace artificial intelligence market covers the following areas:
- Aerospace artificial intelligence market sizing
- Aerospace artificial intelligence market forecast
- Aerospace artificial intelligence market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aerospace artificial intelligence market vendors that include Advanced Micro Devices Inc., Airbus SE, Deutsche Telekom AG, General Dynamics Corp., General Electric Co., Honeywell International Inc., Indra Sistemas SA, Infosys Ltd., Intel Corp., International Business Machines Corp., Iris Automation Inc., Lockheed Martin Corp., Microsoft Corp., Northrop Grumman Corp., NVIDIA Corp., Raytheon Technologies Corp., SITA, SparkCognition Inc., Thales Group, and Shield AI. Also, the aerospace artificial intelligence market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.