OverviewRising demand for automation in different industrial sectors and rapid advancements are influencing the development of artificial intelligence technology and widening its scope of application. The report published by Market Research Future (MRFR) has stated that the global AI in aviation market is likely to showcase a whopping CAGR of 46.83%, garnering a revenue of 1014.81 million by 2023. A rise in the demand for process optimization and performance improvement through machine learning using big data in the aviation industry is augmenting the AI in aviation market.
Market Segmentation
Based in equipment, the AI in aviation market is segmented into autocollimator, measuring microscope, optical digitizers & scanners (ODS), coordinate measuring machine (CMM), profile projector, and vision measuring machine (VMM). The coordinate measuring machine (CMM) segment is projected to garner the largest market share in the global AI in aviation market.
Based on technology, the AI in aviation market is segmented into machine learning, context awareness computing, natural language processing, and computer vision. The machine learning segment is further sub-segmented into deep learning, supervised learning, semi-supervised learning, unsupervised learning, and reinforcement learning. The machine learning segment is expected to hold the largest share in the AI in aviation market during the forecast period.
Based on application, the [FURL=https://www.marketresearchfuture.com/reports/ai-in-aviation-market-6669]AI in aviation market[/FURL] is segmented into virtual assistance, surveillance, smart logistics, flight operations, training, smart maintenance, dynamic pricing, and manufacturing. The manufacturing segment is further sub-segmented into material movement, production planning, inspection & predictive maintenance, quality control, and waste reclamation. The virtual assistance segment is showcased to hold the prime market share in the AI in aviation market through the forecast period.
Key Players
The global AI in aviation market boasts a presence of many prominent players including Intel Corporation, Garmin Ltd., IBM Corporation, IRIS Automation, Airbus SE, Boeing, General Electric, Samsung Electronics, Amazon, Microsoft Corporation, NVIDIA Corporation, Neurala Inc., Micron Technology, Xilinx, Thales S.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Pilot AI Labs, Innovative Binaries, Cognitive Code and Searidge Technologies.
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