Artificial Intelligence in Aviation Market: The application of massive data within the aerospace industry, significant increase in capital investments by aviation companies, and increasing adoption of cloud-based applications and services within the aviation industry are the major factors driving the expansion of AI within the aviation market.

According to the report, the global Artificial Intelligence in Aviation market is expected to grow from USD 113.29 Million in 2022, which is expected to reach USD 5.47 Billion by 2033, growing at a CAGR of 5.49% from 2023 to 2033. The use of artificial intelligence (AI) in the aviation industry has the potential to transform various aspects of the aviation ecosystem, including air traffic management, maintenance and repair, passenger experience, and flight operations. One of the major drivers of the AI in aviation market is the increasing demand for automation and the need to improve operational efficiency and safety. AI technologies such as machine learning, natural language processing, and computer vision can help airlines and airports automate their operations, reduce costs, and improve safety. For instance, AI algorithms can be used to optimize flight paths, reducing fuel consumption and emissions. AI can also be used to monitor aircraft systems in real-time, predicting maintenance needs and avoiding costly downtime.

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Key Highlights:

• The global Artificial Intelligence in Aviation Market size was valued at USD 29 Million in 2022 growing at a CAGR of 5.49% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Artificial Intelligence in Aviation Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Artificial Intelligence in Aviation market report also includes the following data points:

• COVID19 Impact on Artificial Intelligence in Aviation market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Artificial Intelligence in Aviation market

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Key Players

Some of the major Artificial Intelligence in Aviation players holding high market share include Intel, Xilinx, Thales, IBM. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Samsung Electronics
• Intel
• Xilinx
• Thales
• IBM
• Amazon
• Nvidia
• Microsoft
• Garmin
• Lockheed Martin

Segmental Analysis

Market Segment By Offering with focus on market share, consumption trend, and growth rate of Artificial Intelligence in Aviation Market:

• Hardware
• Services
• Software

Market Segment By Technology with focus on market share, consumption trend, and growth rate of Artificial Intelligence in Aviation Market:

• Context Awareness Computing
• Machine Learning
• Computer Vision
• Natural Language Processing

Market Segment By Application with a focus on market share, consumption trend, and growth rate of Artificial Intelligence in Aviation Market:

• Virtual Assistants
• Dynamic Pricing
• Smart Maintenance
• Manufacturing
• Surveillance
• Flight Operations
• Training
• Others

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Global Artificial Intelligence in Aviation Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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