Artificial Intelligence in Aviation Market Future and Global Industry Analysis
The artificial intelligence (AI) in aviation market report share is estimated to be USD 112.3 Million in 2017 and expected to reach USD 2,222.5 Million by 2025, at a CAGR of 46.65% from 2017 to 2025.
?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. AI systems comprise software including application program interfaces, such as language, speech, vision, and sensor data, along with machine learning algorithms, to realize various applications in the aviation industry.
The growth of the market for surveillance applications can be attributed to the ongoing developments in the field of AI-enabled drone surveillance, specifically designed for inspection purposes in the aviation industry. For example, in?September 2017, Aerialtronics DV B.V. (Netherlands), Neurala (US), and NVIDIA (US) collectively developed an AI-based drone for flight inspections. Such product launches and developments are expected to drive the growth of the AI in aviation market for surveillance applications.
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North America?to hold the largest share of the overall AI in aviation market by 2025?
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Virtual assistance, smart maintenance, manufacturing, and surveillance are some of the major application areas for AI in the aviation sector in?North America. Further, the US is one of the leading countries in the world in terms of adopting AI technologies in multiple application areas. Also, continuous growth in the number of air travelers is encouraging airline companies to adopt AI in their daily operations to enhance their efficiency.
Among all applications, virtual assistants are expected to hold the largest share of the AI in aviation market throughout the forecast period. AI-based virtual assistants help airline companies improve their productivity and increase the efficiency of pilots by reducing recurring works, such as changing radio channels, reading wind forecasts, and providing position information on requests. These recurring jobs are taken care by the AI-enabled virtual assistants. Garmin (US) offers AI-enabled audio panels that help pilots operate these panels without taking their hands off the controls. Furthermore, virtual assistants also help airline companies improve customer services. They can provide instant answers to simple questions pertaining to flight status and services/offerings (audio, video, Wi-Fi), while customer representatives can attend to more important issues, enhancing customer experience.
Virtual assistants are used at several airports to serve air travelers. For example, a virtual assistant is placed in the security line at the Barcelona (Spain) airport to help passengers with the security instructions and steps required to check in. Considering the benefits offered by these systems, a large-scale adoption of virtual assistants by airline companies is expected in the near future.
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9 个月General Aviation Market Research Growth Report Forecast to 2028 Click here for read more:?https://www.theinsightpartners.com/reports/general-aviation-market/??