Artificial Intelligence In Aviation Market 2024-2028
The artificial intelligence in aviation market is forecasted to grow by USD 11694.4 mn during 2023-2028, accelerating at a CAGR of 65.25% during the forecast period. The report on the artificial intelligence in aviation 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 increasing use of AI for quicker check-in and baggage screening in aviation industry, growing focus on operational efficiency enhancement in aviation industry, and shifting focus towards enhancing passenger experience.
Technavio's artificial intelligence in aviation market is segmented as below:
- By Component
- Software
- Hardware
- Service
- By Application
- Airline and airport operations
- Manufacturing and MRO activities
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing recent developments related to AI in aviation industry as one of the prime reasons driving the artificial intelligence in aviation market growth during the next few years. Also, growing investments in aviation industry and adoption of AI-powered mAIntenance and predictive analytics in aviation industry will lead to sizable demand in the market.
The report on the artificial intelligence in aviation market covers the following areas:
- Artificial intelligence in aviation market sizing
- Artificial intelligence in aviation market forecast
- Artificial intelligence in aviation 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 artificial intelligence in aviation market vendors that include Advanced Micro Devices Inc., Airbus SE, Garmin Ltd., General Electric Co., Intel Corp., International Business Machines Corp., Iris Automation Inc., Lockheed Martin Corp., Microsoft Corp., MINDTITAN OU, Mphasis Ltd., Neurala Inc., Northrop Grumman Corp., NVIDIA Corp., Paladin AI, Samsung Electronics Co. Ltd., Searidge Technologies, TAV Technologies, Thales Group, and The Boeing Co.. Also, the artificial intelligence in aviation 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 primary and secondary research. 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 accurate market growth.