Artificial Intelligence in Aviation Market Latest Report with In-depth Analysis -Forecast to 2028
Posted by sandra k on February 23rd, 2023
The artificial intelligence in aviation market is projected to grow at a CAGR of 44.50%, with estimated market size of USD 624.5 million in 2021 to USD 5685.12 million by 2028. Increased big data usage in the aerospace sector will be a major factor driving market growth. The market for artificial intelligence in aviation is also being pushed by elements, including the expansion of capital expenditures by aviation businesses and the expanding use of cloud-based services and applications in the industry. Increasing process optimization needs will also significantly impact the development of artificial intelligence in the aviation industry.
Read Comprehensive Overview of Report @ https://marketsnresearch.com/report/1565/artificial-intelligence-in-aviation-market
Surge in usage in the aviation sector and virtual assistants
The main drivers influencing the growth of A.I. in the aviation market are the use of vast data in the aerospace sector, the large increase in capital investments made by aviation companies, and the expanding acceptance of cloud-based applications and services. Services and systems, including baggage screening, passenger identification and maintenance, customer assistance, aircraft fuel optimization, facial recognition, and many others, are examples of the aviation industry's use of artificial intelligence.
Key Market Players
Artificial intelligence in the aviation market is dominated by a few global players and comprises several regional players. Some key manufacturers in the market are Samsung Electronics, Intel, Xilinx, Thales, IBM, Amazon, Nvidia, Microsoft, Garmin and Lockheed Martin.
Read More News :
https://www.linkedin.com/pulse/global-artificial-intelligence-aviation-market-garner-sumit-narayan/?published=t
https://smb.thecoastlandtimes.com/article/Artificial-Intelligence-in-Aviation-Market-Set-To-Reach-USD-568512-million-by-2028-Share-Industry-Size-Future-Growth-andamp-Trends-Analysis-Report-with-COVID-19-Impact-by-Markets-N-Research?storyId=636278b1b4ed3a46c5c983b5
