Artificial Intelligence in Aviation Market

1. Artificial Intelligence in Aviation Market – Global Industry Analysis and Forecast (2017-2026) Artificial Intelligence in Aviation Market is expected to grow from USD 109.4 Million in 2017 to USD 3359.05 Million by 2026, at a CAGR of 46.3% in the forecast period Artificial intelligence in aviation sort the information and provide pilot with the best possible options for operation, which is impossible for human being to perform. It is an ability of a machine to gather the information to analyze, process and to respond in directed way. Some of the market drivers included and analyzed in detail for decision makers reference include - Increasing adoption of machine learning and NLP technologies for virtual assistance, training applications in the aviation sector, increase in the investments by aviation companies and PE investors, rising adoption of cloud-based applications in Artificial Intelligence in Aviation Market It is also been found that limited numbers of experts in AI industry is restricting the growth of the Artificial Intelligence in Aviation Market. Artificial Intelligence in Aviation Market has been segmented on the basis of technology, offering, application, and geography. Among all technologies, machine learning is likely to hold the largest share of Artificial Intelligence in Aviation Market during forecast period. Software segment held the largest share of the overall Artificial Intelligence in Aviation Market in offering segment in 2017 thanks to the developments in AI software for applications such as surveillance, flight operations, and airport operations. Among all applications, virtual assistants are expected to hold the largest share of the Artificial Intelligence in Aviation Market throughout the forecast period. AI-based virtual assistants help airline companies to improve their productivity and increase the efficiency of pilots by reducing recurring works, such as changing radio channels,

2. reading wind forecasts, and providing position information on requests. These recurring jobs are taken care by the AI-enabled virtual assistants. Report has segmented the AI market in aviation sector by regions and North America is expected to hold the largest share in Aviation Market in the forecast period, owing to an increased adoption in applications such as Virtual assistance, smart maintenance, manufacturing, and surveillance. Continuous growth in the number of air travelers is also demanding airline companies to adopt AI in their daily operations to enhance their efficiency. Key Highlights: • The report analyzes opportunities in the market for stakeholders by identifying the high- growth segments of the AI in aviation market, strategically profiles key market players, and comprehensively analyzes their market size and core competencies in each segment • Complete analysis with respect to individual growth trends are incorporated within the scope of our study • Assessment of market definition along with the identification of key drivers, restraints opportunities for Artificial Intelligence in Aviation Market • Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies are profiled • Detailed quantitative analysis of the current and future trends for the forecast period has been profiled • Artificial Intelligence in Aviation Market analysis and segmentation with respect to offering, type, end-user application and geography • AIs in Aviation Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their key regions Years that have been considered for the study are as follows: • Base Year –2016 • Estimated Year – 2017 • Forecast Period – 2017 to 2026 For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered Research Methodology Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Artificial Intelligence in Aviation Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been

3. used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Artificial Intelligence in Aviation Market globally. Key Players in the Artificial Intelligence in Aviation Market Are: • Intel • Nvidia • Xilinx • Micron • Samsung Electronics • IBM • Microsoft • Airbus • Amazon • Boeing • GE • Thales • Lockheed Martin • Garmin

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