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Artificial Intelligence in Aviation Market by Offering, Technology, Application And Geography - Global Forecast to 2025

Artificial Intelligence: Aviation Market Forecast until 2025

  • February 2018
  • 167 pages
  • ID: 5336569
In this report:
The overall AI in aviation market for processors is expected to register a shipment of ##.## thousand units in 2018, which is likely to reach ##.## thousand units by 2025, at a CAGR of ##.##% during the forecast period.
The market for MPUs is expected to register a shipment of ##.## thousand units in 2018, which is likely to reach ##.## thousand units by 2025, at a CAGR of ##.##% during the forecast period.

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Artificial intelligence in aviation market intended to grow at a compound annual growth rate (CAGR) of ~46.7 percent between 2018 and 2025

The AI in aviation market is anticipated to be valued at $152.40M in 2018 and is likely to reach $2222.50M by 2025, at a compound annual growth rate (CAGR) of 46.65% during the forecast horizon. The main factors driving the increase of the AI in aviation market contain the use of big data in the aerospace market, significant growth in capital investments by aviation firms, and growing adoption of cloud-based applications and services in the aviation sector. Nevertheless, limited number of experts in AI is restraining the rise of the AI in aviation market

Virtual assistants forecasted to hold a main share of the AI in aviation market in 2018

AI-based virtual assistants help airline firms improve the productivity and efficiency of their pilots by reducing their recurring works, including changing radio channels, reading wind forecasts, and providing position information on request, among others.

These recurring jobs are taken care by AI-enabled virtual assistants. Companies including Garmin offer AI-enabled audio panels, which are useful for pilots. Virtual assistants are also used by airline firms to enhance customer services. AI-enabled virtual assistance can provide instant answers to simple questions (on flight status or services/offerings (audio, video, Wi-Fi) on flights) of clients, while customer representatives can attend to more important issues

AI in aviation market in Asia-Pac forecasted to grow at the maximal rate between 2018 and 2025

China (CN) and Japan (JP) are the main contributors to the increase of the AI in aviation market in Asia-Pacific. The growing adoption of machine learning and NLP technologies for virtual assistance and training applications in the aviation market is supporting the rise of the AI in aviation market in this area. There is a huge demand for AI technologies from these countries to rise the efficiency of their aviation industry.

For example, the Alibaba Group Holding Limited has announced to provide AI-based solutions to prevent congestion at the Beijing Airport. These solutions would benefit pilots find parking slot for their aircraft easily. Additionally, the rising adoption of machine learning and NLP technologies for virtual assistance and training applications in the aviation market is driving the increase of the market in Asia-Pac.

In the process of finding out and checking the market value for various segments collected by secondary research, extensive primary audit sessions have been managed with main industry people. The breakup of the profile of primary members taking part has been provided below:

• By Company category: Tier 1 = 25.0 percent, Tier 2 = 35.0 percent, and Tier 3 = 40.0 percent

• By Description: C-suite executives = 40.0 percent, Directors = 30.0 percent, Others=30%

• By Area: Americas = 45.0 percent, EU = 35.0 percent, Asia-Pacific = 10.0 percent, and RoW = 10.0 percent

The report profiles the top actors in the AI in aviation market, along with providing their respective market ranking. The main players in the AI in aviation market contain Intel, NVIDIA, IBM (NYSE:IBM), Micron, Samsung, Xilinx, Amazon, Microsoft, Airbus, Boeing, General Electric (NYSE:GE), Thales, Lockheed Martin Corporation (NYSE:LMT), and Garmin.

Segment Research

• The AI in aviation market, by offering, includes hardware, software, and services

• The AI in aviation market, by technology, contains machine learning, natural language processing, context awareness computing, and computer vision

• The AI in aviation market, by application, includes virtual assistants, smart maintenance, manufacturing, training, surveillance, flight operations, dynamic pricing, and others

• The geographic study has been done with regard to North America, Europe (EU), Asia-Pac, and RoW

Reasons to Buy This Report:

From an insight prospect, this market research has emphasized different levels of analysis-market ranking of key players, company descriptions that discuss basic views on the competitive landscape, coming out and high-growth segments of the AI in aviation market, high-growth areas, and market dynamics-such as drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

• Market development: Highlighted information about profitable emerging sectors and review of the AI in aviation market across localities

• industry diversification: Complete information about recent products, untapped areas, and recent evolutions in the global AI in aviation market

• opposing assessment: In-depth assessment of the market ranking, strategies, and products of the leading actors in the AI in aviation market

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