What is AI in aviation?

AI in aviation refers to the use of artificial intelligence technologies such as machine learning, natural language processing, and computer vision to enhance various aspects of the aviation industry, including safety, efficiency, and customer experience.

How big is AI in Aviation Market?

The Global AI in Aviation Market size is expected to be worth around USD 40.4 Billion by 2033, from USD 1.6 Billion in 2023, growing at a CAGR of 38.1% during the forecast period from 2024 to 2033.

What are the challenges of implementing AI in aviation?

Challenges of implementing AI in aviation include regulatory hurdles, data privacy concerns, integration with existing systems, the need for skilled personnel to develop and maintain AI systems, and the potential for bias in AI algorithms.

Who are the major players operating in the artificial intelligence in aviation market?

The major players operating in the artificial intelligence in aviation market are IBM Corporation, Intel Corporation, Microsoft Corporation, General Electric Company, NVIDIA Corporation, Thales Group, Honeywell International Inc., RTX Corporation, Leonardo S.p.A., Amazon Web Services Inc., QinetiQ Group plc, Accenture plc, Other Key Players

Which are the driving factors of the artificial intelligence in aviation market?

The driving factors of the artificial intelligence in aviation market include the need for enhanced safety measures, optimization of operational efficiency, increasing demand for predictive maintenance solutions, and the growing emphasis on improving passenger experience through automation and personalization.

Which region will lead the global artificial intelligence in aviation market?

In 2023, North America held a dominant market position in the AI in Aviation market, capturing more than a 37.0% share.

Global AI in Aviation Market By Component (Hardware, Software, Services), By Technology (Machine Learning, Computer Vision, Natural Language Processing, Other Technologies), By Application (Predictive Maintenance, Revenue Management, Baggage Assistance, Air Traffic Management, Customer Experience , Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: April 2024
Report ID: 118959
Number of Pages: 335
Format:

- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- General Electric Company
- NVIDIA Corporation
- Thales Group
- Honeywell International Inc.
- RTX Corporation
- Leonardo S.p.A.
- Amazon Web Services Inc.
- QinetiQ Group plc
- Accenture plc
- Other Key Players