This research study presents an all-inclusive evaluation of the global Artificial intelligence in aviation market, taking various industry parameters, such as the capacity of production, product pricing, demand, supply, and sales dynamics, returns on investments, and the growth rate of the overall market into consideration.
Pune, India -- (SBWIRE) -- 09/10/2018 -- Artificial Intelligence is nothing but a machine which mimics human cognition so as to achieve the successful results. AI in aviation can sort the information and provide the pilot with the best possible options for operation, which would be impossible for a human being to perform. It is the ability of a machine to think, learn and respond. The comprehensive report on global market offers in-depth visions into the key drivers and restraints, promising trends, emerging opportunities, recent technological advancements, and competitive landscape in major regions.
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The artificial intelligence (AI) in aviation market was valued at USD 112.3 Million in 2018 and is likely to reach USD 2,222.5 Million by 2023, at a CAGR of +45% during the forecast period.
Intel (US), NVIDIA (US), IBM (US), Micron (US), Samsung (South Korea), Xilinx (US), Amazon (US), Microsoft (US), Airbus (France), Boeing (US), General Electric (US), Thales (France), Lockheed Martin (US), and Garmin (US).
Increased adoption of machine learning and NLP technology for virtual support and education applications in the aviation industry, increased capital investment by airline companies and increased adoption of cloud-based applications and services in the aviation industry are the intelligence of the artificial aviation market. Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global Artificial intelligence in aviation market. Foremost contestants are upholding the use of worthy resources and purchasing raw resources from well-known industries.
North America is expected to hold the largest share of the overall Artificial Intelligence in Aviation Market in the forecast period. increase in the use of applications such as Virtual assistance, smart maintenance, manufacturing, and surveillance. Continual growth in the number of air travelers is also demanding airline companies to adopt AI in their daily operations to enhance their efficiency.
The regional analysis has been done to precisely formulate data of the geographical sectors such as Japan, China, North America, Europe, Southeast Asia, and India to understand super markets and hyper markets, on-trade, independent retailers, and convenience stores. The report also provides a segmented analysis of production rates further segregated under volume and value, along with the sale pricings.
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Table of Content:
Artificial intelligence in aviation Market Research Report 2018-2023
Chapter 1: Artificial intelligence in aviation Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Artificial intelligence in aviation Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
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