Artificial Intelligence In Aviation Market Size, Share, Trends, Growth and Forecast 2032

Artificial Intelligence In Aviation Market Insights

According to Zion Market Research, the global Artificial Intelligence In Aviation Market was worth USD 781.4 Million in 2023. The market is forecast to reach USD 7082.9 Million by 2032, growing at a compound annual growth rate (CAGR) of 24.7% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Artificial Intelligence In Aviation Market industry over the next decade.

Artificial Intelligence In Aviation Market Size And Industry Analysis

The report offers valuation and analysis of Artificial Intelligence In Aviation market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Million).

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Artificial Intelligence In Aviation Market: Synopsis

Artificial Intelligence (AI) is steadily being adopted in a multitude of commercial products and services. AI can revolutionize the design, manufacturing as well as operations and provide operational advantages if incorporated well. Artificial intelligence (AI) is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by animals including humans. AI research has been defined as the field of study of intelligent agents, which refers to any system that perceives its environment and takes actions that maximize its chance of achieving its goals. AI can be used to assist customers in the airport and it can help a company reduce its operational costs and labor costs at the same time. Airlines companies are now using AI technologies to help their customers to resolve issues quickly by getting accurate information on future flights trips on their internet-enabled devices.

Artificial intelligence in the aviation sector is utilized for baggage check-in at airports, face recognition, addressing consumer issues, and focusing on airplane fuel efficiency. Need for reducing manual work in aviation industry will proliferate the growth of artificial intelligence in aviation sector over the assessment period. Massive requirement for automating aerospace & aviation activities for effectively managing aviation systems along with enhancing consumer satisfaction will proliferate the market size over the projected timeline.

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Artificial Intelligence In Aviation Market: Growth Dynamics

The expansion of artificial intelligence in aviation industry over the assessment period is owing to use of big data in aviation sector. In addition to this, rise in the terrorist attacks & bombing have resulted in monitoring of bags of travellers and this will further steer the market trends. Apparently, need for passenger identification, recognizing identity thefts, and improving the efficiency of aircraft operations will proliferate the size of artificial intelligence in aviation market over the upcoming years. Furthermore, large-scale funding of AI systems will prompt the demand for artificial intelligence in aviation industry over the assessment period.

Moreover, AI-driven virtual assistants help the airline firms enhance the efficacy of pilots through reduction of monotonous tasks, accurately providing weather forecasts, and providing information about the location of aircrafts to the travellers on board. All these aforementioned aspects will steer the surge of artificial intelligence in aviation market over the predicted timeframe. AI also helps in improving customer services and this will further add to market profitability in the near future.

Asia Pacific Artificial Intelligence In Aviation Market Growth To Reach Its Peak By 2032

The artificial intelligence in aviation industry in APAC is slated to experience highest growth over 2024-2032 subject to rise in the use of machine learning as well as NLP technologies in aviation industry. Additionally, massive use of AI systems in the countries like China, Singapore, South Korea, Taiwan, and Japan will create lucrative growth opportunities for artificial intelligence in aviation industry across Asia Pacific over the coming decade.

Artificial Intelligence In Aviation Market: Report Scope

Key players profiled in the study are:

• Intel Corporation
• NVIDIA Corporation
• IBM Corporation
• Micron Technology
• Samsung
• Xilinx
• Amazon.com
• Microsoft Corporation
• Airbus SE
• The Boeing Company
• General Electric Company
• Thales Group
• Lockheed Martin Corporation
• Garmin Ltd.

The global Artificial Intelligence In Aviation Market is segmented as follows:

By Application:

• Virtual Assistants
• Smart Maintenance

By Technology:

• Machine Learning
• Computer Vision
• Context Awareness
• NLP

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa