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The global artificial intelligence in aviation market size is forecast to increase by USD 3.64 billion between 2022 and 2027, accelerating at a CAGR of 43.13%. In 2017, the US held the largest market share, projecting an annual revenue of USD 0.49 billion. The report offers extensive research analysis on the Artificial Intelligence in Aviation Market with a categorization based on Type, including pure and midcut, long chain, and short chain. It further segments the market by Application, encompassing Airline, Airport operations, Manufacturing, and MRO activities. Additionally, the report provides geographical segmentation, covering North America, Europe, APAC, South America, and Middle East and Africa. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
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The increasing use of AI for quicker check-in and baggage screening in the aviation industry. AI in the aviation industry is expanding as a result of the growing use of it for quicker check-in and baggage screening. Intrusion observation technologies are frequently utilized as AI systems at airport check-ins to actively differentiate between bags and people. Adopting AI-based solutions enables airport authorities to be informed of examples of unauthorized entry or check-in.
Moreover, the integration of CCTV-AI systems and machine learning models can improve airport security. In X-ray images, an advanced technology that uses AI is capable of identifying prohibited items and displaying warnings on the screen. A few factors are expected to drive the growth of global artificial intelligence in aviation market share in focus during the forecast period.
The consumer goods segment was valued at USD 78.42 million in 2017 and continued to grow until 2021. AI-driven customer service tools such as chatbots offer real-time support and streamline passenger interactions. Data Analytics software uses big data to extract information useful for informed decision-making. Few collective solutions empower the aviation sector to operate more intelligently, safely, and effectively, positioning AI as a transformative force in shaping the future of aviation. Such global artificial intelligence in aviation market trends are driving the market growth.
North America is estimated to contribute 45% to the growth of the global market during the forecast period. In 2022, North America held the highest share of the global artificial intelligence (AI) in aviation market, which can be attributed to the growing use of IoT, big data, and factory automation technologies, as well as the aerospace industry's increasing reliance on data analytics and other cloud-based services and applications.
However, to secure airport perimeters and give airport authorities increased security, US airports implemented AI remote security technology in August 2021. The need for AI in aviation market is also growing due to the implementation of cutting-edge technologies in areas such as baggage screening, passenger identification and maintenance, customer support, facial recognition, and aircraft fuel optimization. These elements are expected to change the outlook for AI in the aviation market in North America during the forecast period.
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The Artificial Intelligence in Aviation Market is fragmented in nature. Some significant players include Advanced Micro Devices Inc, Airbus SE, Garmin Ltd., General Electric Co., Intel Corp.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
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.
The artificial intelligence in aviation market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Artificial Intelligence In Aviation Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 43.13% |
Market growth 2023-2027 |
USD 3.64 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
41.95 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 45% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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