Artificial Intelligence in Aviation Market, By Offering (Hardware, Software, Service) By Technology

Published Date: | Report Code : AD2068803

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Artificial Intelligence in Aviation Market, By Offering (Hardware, Software, Service) By Technology (Machine Learning, Context Awareness, NLP, Computer Vision), By Application (Virtual Assistants, Smart Maintenance), By Region (North America, Europe, Asia Pacific, Middle East & Africa, And South America) – Market Size & Forecasting To 2028

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Report Code : AD2068803

Status : Upcoming

Introduction

The aviation sector is now developing new technologies and turning to artificial intelligence (AI) to support customer services. The International Air Transport Association (IATA) and Airports Council International (ACI) have together launched the New Experience in Travel and Technology (NEXTT) initiative, with AI as a priority to optimize the use of emerging technologies in the face of growing passenger traffic. The aviation industry is trying to use AI to monitor pilot voice for ensuring a hassle-free flying experience to passengers, which will bring in significant changes in the aviation industry.

The Artificial Intelligence in Aviation Market is driven by various factors such as increasing investment in aviation for research & development, rising adoption of cloud-based applications and services in the aviation industry, use of Artificial intelligence to reduce the work of pilot and improve productivity and efficiency. Further, an increase in the adoption of machine learning and AI to help the aviation industry in managing its revenue. Moreover, the rising demand for transportation is expected to have a positive impact on the market. The issue of delays in flights is reduced by AI-based systems by enabling better handing of flight management activities in airports and air stations.

However, factors such as concerns for security and accuracy in data or malfunctioning of the system’s integrity and limited availability of AI specialists are anticipated to hamper the growth of the market.

Segmentation

The Artificial Intelligence in Aviation market is segmented on the basis of offerings, technology, application, and region.

Offerings Outlook

Based on offerings, the market has been segmented into Hardware, Software, and Services. The software segment is anticipated to hold the maximum market share in Artificial Intelligence in Aviation Market, owing to an increase in investment in R&D to develop advanced AI software for applications such as surveillance, flight operations, and airport operations.

Technology Outlook

Based on technology, the market is segmented into machine learning, context awareness, NLP, and computer vision. Machine learning is expected to dominate the market due to its ability to easily handle the collected big data, along with the increased ability to perform previously impossible calculations.

Application Outlook

Based on application, the market is segmented into virtual assistants and smart maintenance. The virtual assistant segment is accounted to hold the maximum market share of the artificial intelligence in aviation market, as virtual assistants help companies improve productivity and reduce recurring works of pilots. This, in turn, is fueling the growth of this segment.

Regional Outlook

Based on regions, the artificial intelligence in aviation market is categorized into North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. The North America region is anticipated to grow significantly in forecast period owing to the quick adoption of new technologies and continuous growth in air travelers. The Asia Pacific region is anticipated to grow in the coming years. China and Japan are the major contributors to the growth of the artificial intelligence in aviation market due to an increase in the adoption of machine learning and NLP technologies, which are promoting the growth of the AI in aviation market.

Market Players

The key leading players in the market include Boeing, Micron, NVIDIA, Amazon, Airbus, General Electric, Lockheed Martin, Thales, Garmin, Xilinx, and Intel.

What Does This Report Provide?

This report provides a detailed understanding of the global artificial intelligence in aviation market from qualitative and quantitative perspective during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

 Market Segmentation:

 By Offerings:

  • Hardware
  • Software
  • Services

By Technology:

  • Machine Learning
  • Context Awareness
  • NLP
  • Computer Vision

By Application:

  • Virtual Assistants
  • Smart Maintenance

 By Region:

  • North America Artificial Intelligence in Aviation Market
    • By Country (US, Canada, Mexico)
    • By Offerings
    • By Technology
    • By Application
  • Western Europe Artificial Intelligence in Aviation Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
    • By Offerings
    • By Technology
    • By Application
  • Asia Pacific Artificial Intelligence in Aviation Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Offerings
    • By Technology
    • By Application
  • Middle East & Africa Artificial Intelligence in Aviation Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Offerings
    • By Technology
    • By Application
  • South America Artificial Intelligence in Aviation Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Offerings
    • By Technology
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the artificial intelligence in aviation marketon a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

 Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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