Artificial Intelligence (AI) in Aviation Market
Artificial Intelligence (AI) in Aviation Market Size, Share & Trends Analysis Report by Offering (Hardware, Software, and Services), by Technology (Context Awareness, Machine Learning, NLP (Natural Language Processing), and Computer Vision), by Application (Virtual Assistants, Dynamic Pricing, Smart Maintenance, Manufacturing, surveillance, Flight Operations, Training, and Others) Forecast Period (2022-2028)
AI in aviation market is anticipated to grow at a CAGR of 42.1% during the forecast period. The growing start-up initiatives across the globe is the major factor driving the growth of the market. To reduce the global challenges caused by fossil fuels and pollution, start-up companies are developing aircraft powered by AI. For instance, in June 2022, BON V Technology, a start-up in Odisha developed the AI-powered electric aircraft RM001, which is a smart, sustainable, and safe mode of transportation. RM001 can carry up to 200kg of cargo to more than 40km. The aircraft is equipped with AI technology to navigate itself during flight, avoid obstacles, and communicate with ground stations and across the globe through 4G and 5G connectivity. Moreover, it does not require to be operated once the destination location is entered which in turn drives the overall AI in the aviation market.
Additionally, in May 2021, Merlin Labs, Inc., an aviation technology start-up company partnered with Dynamic Aviation Group Inc., a provider of modified aircraft. Both companies’ partnership to put a fleet of 55 King Air planes in the sky without humans aboard by building software that creates a think-for-itself pilot, a fully-autonomous flight. In addition, this technology could have applications in numerous other fields including military transport, agriculture, and firefighting. Both companies aim to roll out an artificially intelligent pilot in companies such as Amazon, the US Air Force, the California department of forestry and firefighting, and others to implement an artificially intelligent pilot to their existing fleets.
Segmental Outlook
The global AI in the aviation market is segmented based on the offering, technology, and application. Based on the offering, the market is sub-segmented into hardware, software, and services. Based on the technology, the market is sub-segmented into machine learning, context awareness, NLP, and computer vision. Based on the application, the market is further sub-segmented into virtual assistants, dynamic pricing, smart maintenance, manufacturing, surveillance, flight operations, training, and others. Among these, the machine learning sub-segment is expected to hold a considerable share in the market due to its ability to collect and handle big data, along with its increased ability to perform previously impossible calculations, which is fueling the growth of the market.
Among the offering, the software sub-segment is expected to hold a prominent share in the AI in aviation market over the forecast period. Developments in AI software for applications such as surveillance, flight operations, and airport operations are fueling the software sub-segment. Key players are also launching software to support airport operations and to stay competitive in the market. For instance, in November 2021, Honeywell International Inc. developed the Navitas software, designed to automate air traffic services. Navitas platform enables airport operators and air navigation service providers to make better decisions across airside operations. This software suite uses AI, big data, machine learning, cyber security, and human-centered design principles and it includes nine dedicated systems or ‘managers’ that are present within the full suite. Moreover, the engineering manager offers complete insight about navigational, communication, weather, and visual aids to the airport or the air traffic engineering team.
Regional Outlooks
The global AI in aviation market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is expected to hold a considerable share in the AI in aviation market during the forecast period, owing to the increasing demand for AI technologies in China and Japan.
Global AI in Aviation Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Significant Share in the Global AI in Aviation Market
Among all regions, the Asia-Pacific region is expected to hold a significant market share during the forecast period. The presence of AI in aviation solutions market players such as Microsoft Corp., The Boeing Co., International Business Machines Corp (IBM), and others are accelerating the growth of the AI in aviation market by continuously involved in developing new technology for the aviation industry to stay competitive in the market. For instance, in June 2019, The Boeing Co. launched Ellen, a virtual cabin assistant concept that assists cabin crews by automating tasks, so crews can focus on passenger requirements. Ellen can automatically prepare the cabin for departure and let the crew know if there is something that require attention. Furthermore, the virtual assistant Ellen can check door or overhead bin locks, make sure seats are in their correct positions, keep control over the cabin temperature, lighting, and humidity, and offers many other features.?
Market Players Outlook
The major companies serving the global AI in aviation market include Airbus SE, Amazon Web Services Inc., Garmin Ltd., Intel Corp, International Business Machines Corp (IBM), IRIS Automation Pvt. Ltd., Kitty Hawk Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, SkyGrid, LLC partnered with SparkCognition Government Systems (SGS) and LIFT Aircraft Inc. Through this partnership, the companies aim to apply AI and blockchain technology to manage the airspace for autonomous vehicles, specifically HEXA, LIFT’s electric vertical take-off, and landing (eVTOL) aircraft. In addition, US Air Force’s research lab awarded a contract to advance unmanned aerial vehicle (UAV) management based on SGS’s artificial intelligence, SkyGrid’s space technology, and Lift’s HEXA aircraft.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AI in aviation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global AI in Aviation Market by Offering
4.1.1. Hardware
4.1.2. Software
4.1.3. Services
4.2. Global AI in Aviation Market by Technology
4.2.1. Context Awareness
4.2.2. Machine Learning
4.2.3. NLP (Natural Language Processing)
4.2.4. Computer Vision
4.3. Global AI in Aviation Market by Application
4.3.1. Virtual Assistants
4.3.2. Dynamic Pricing
4.3.3. Smart Maintenance
4.3.4. Manufacturing
4.3.5. surveillance
4.3.6. Flight Operations
4.3.7. Training
4.3.8. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Airbus SE
6.2. Amazon Web Services, Inc.
6.3. Garmin Ltd.
6.4. Intel Corp
6.5. International Business Machines Corp (IBM)
6.6. IRIS Automation Pvt. Ltd.
6.7. Kitty Hawk Corp.
6.8. Lockheed Martin Corp.
6.9. Micron Technology, Inc.
6.10. Microsoft Corp.
6.11. Northrop Grumman Corp.
6.12. Nvidia Corp.
6.13. Pilot AI Labs, Inc.
6.14. samsung electronics co., ltd.
6.15. Thales Group
6.16. The Boeing Company
6.17. The General Electric Company (GE Group)
6.18. Xilinx, Inc.
1. GLOBAL AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
2. GLOBAL AI IN AVIATION HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AI IN AVIATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AI IN AVIATION SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
6. GLOBAL AI IN AVIATION BY CONTEXT AWARENESS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL AI IN AVIATION BY MACHINE LEARNING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AI IN AVIATION BY NLP MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL AI IN AVIATION BY COMPUTER VISION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. GLOBAL AI IN AVIATION FOR VIRTUAL ASSISTANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL AI IN AVIATION FOR DYNAMIC PRICING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
13. GLOBAL AI IN AVIATION FOR SMART MAINTENANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL AI IN AVIATION FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
15. GLOBAL AI IN AVIATION FOR SURVEILLANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL AI IN AVIATION FOR FLIGHT OPERATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
17. GLOBAL AI IN AVIATION FOR TRAINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
18. GLOBAL AI IN AVIATION FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
19. GLOBAL AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. NORTH AMERICAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
22. NORTH AMERICAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
23. NORTH AMERICAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. EUROPEAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. EUROPEAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
26. EUROPEAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
27. EUROPEAN AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
32. REST OF THE WORLD AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
33. REST OF THE WORLD AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
34. REST OF THE WORLD AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
35. REST OF THE WORLD AI IN AVIATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL AI IN AVIATION MARKET SHARE BY OFFERING, 2021 VS 2028 (%)
2. GLOBAL AI IN AVIATION HARDWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL AI IN AVIATION SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL AI IN AVIATION SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL AI IN AVIATION MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
6. GLOBAL AI IN AVIATION BY CONTEXT AWARENESS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL AI IN AVIATION BY MACHINE LEARNING MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL AI IN AVIATION BY NLP MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL AI IN AVIATION BY COMPUTER VISION MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL AI IN AVIATION MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
11. GLOBAL AI IN AVIATION FOR VIRTUAL ASSISTANTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL AI IN AVIATION FOR DYNAMIC PRICING MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL AI IN AVIATION FOR SMART MAINTENANCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL AI IN AVIATION FOR MANUFACTURING MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL AI IN AVIATION FOR SURVEILLANCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL AI IN AVIATION FOR FLIGHT OPERATIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL AI IN AVIATION FOR TRAINING MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL AI IN AVIATION FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL AI IN AVIATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. US AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
22. UK AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD AI IN AVIATION MARKET SIZE, 2021-2028 ($ MILLION)
