DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence in Aviation Market by Offering, Technology, Application, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global artificial intelligence (AI) in aviation market is expected to be valued at USD 152.4 Million in 2018 and is likely to reach USD 2,222.5 Million by 2025, at a CAGR of 46.65% between 2018 and 2025.
The major factors driving the growth of the AI in aviation market include the use of big data in the aerospace industry, significant increase in capital investments by aviation companies, and rising adoption of cloud-based applications and services in the aviation industry.
In this report, the AI in aviation market has been segmented on the basis of technology, offering, application, and geography. Among all offerings, software holds the largest share of the overall AI in aviation market. This is owing to the developments in AI software for applications such as surveillance, flight operations, and airport operations.
Among all technologies, machine learning is likely to hold the largest share of the AI in aviation market during forecast period. Machine learning's ability to collect and handle big data, along with its increased ability to perform previously impossible calculations, is fueling the growth of the market for machine learning.
- Use of Big Data in Aerospace Industry
- Significant Increase in Capital Investments by Aviation Companies
- Rising Adoption of Cloud-Based Applications and Services in Aviation Industry
- Limited Number of Experts in AI
- Increasing Adoption of AI to Improve Customer Services
- Improved Operational Efficiency With the Help of AI in Aviation Industry
- Concerns Regarding Data Privacy
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 AI in Aviation Market, by Offering
7 Artificial Intelligence in Aviation Market, by Technology
8 AI in Aviation Market, by Application
9 AI in Aviation Market, by Geography
10 Competitive Landscape
11 Company Profiles
- IRIS Automation
- Lockheed Martin
- Northrop Grumman
- Pilot AI Labs
- Samsung Electronics
For more information about this report visit https://www.researchandmarkets.com/research/2hvllp/global_artificial?w=4