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Aerospace Artificial Intelligence Market Evolve in Near Future | Airbus S.A.S., General Electric Company, Intel Corporation

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Aerospace Artificial Intelligence Market Evolve in Near Future | Airbus S.A.S., General Electric Company, Intel Corporation

July 05
15:02 2021
Aerospace Artificial Intelligence Market Evolve in Near Future | Airbus S.A.S., General Electric Company, Intel Corporation

Aerospace Artificial Intelligence Market
“Aerospace artificial intelligence market by offering, technology, and application: global opportunity analysis and industry forecast, 2021–2028,” the global aerospace artificial intelligence market was valued at $373.6 million in 2020 and is projected to reach $5,826.1 million in 2028, registering a CAGR of 43.4%.

Aerospace Artificial Intelligence Market by Offering (Software, Hardware, and Services), Technology (Machine Learning, Natural Language Processing, Computer Vision, and Context Awareness Computing), and Application (Customer Service, Smart Maintenance, Manufacturing, Training, Flight Operations, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Aerospace Artificial Intelligence  market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Aerospace Artificial Intelligence  market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

 Download Free Sample Copy of ‘Aerospace Artificial Intelligence  market’ Report @

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 “Aerospace artificial intelligence market by offering, technology, and application: global opportunity analysis and industry forecast, 2021–2028,” the global aerospace artificial intelligence market was valued at $373.6 million in 2020 and is projected to reach $5,826.1 million in 2028, registering a CAGR of 43.4%.

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global aerospace artificial intelligence market share in 2020, owing to the increase in R&D activities, technological developments by big players, and the rapid adoption of AI technologies in aerospace sector. Asia-Pacific region is expected to grow at a significant rate during the forecast period, owing to rise in the adoption of AI across various countries in the region. With implementation of AI, airlines would be able to better analyze customer demands to offer personalized services. In addition, airlines can also offer custom-made entertainment recommendations or other services by gathering and making use of data from on-board entertainment systems or personal devices. Other benefits of implementing AI include highly accurate, instantaneous weather conditions and information about turbulence to lessen missed connections and delays. Launch of various AI-powered solutions by big players such as Boeing, Airbus, IBM, and Microsoft, increasing partnerships among different AI firms, and rising investments for implementation of AI are promising for the aerospace sector as they are expected to offer new revenue streams to aerospace companies and create and transform air operations.

By offering, the market is categorized into software, hardware, and services. The software segment accounted for the highest revenue in 2020, owing to high demand for different AI-powered software used across various aerospace applications such as smart maintenance, manufacturing, training, and flight operations, among others, by aerospace agencies globally. AI-based services offer convenience for enterprises to easily adopt AI across several operation domains. The rising popularity of AI services is expected to grow in the future.

By technology, the aerospace artificial intelligence market is segregated into machine learning, natural language processing, computer vision, and context awareness computing. The machine learning segment dominated the market in 2020, owing to high demand for machine learning based models utilized for several purposes such as predictive maintenance, air traffic control, and others.

Increase in fuel efficiency by use of artificial intelligence (AI) and rise in use of AI to ensure safety at airports are expected to drive the global aerospace artificial intelligence market growth during the forecast period. However, stringent airline regulations and high cost of adoption of AI in aerospace is anticipated to hamper growth of the market during the forecast period. Moreover, use of AI to ensure operational efficiency and maintenance of airplanes is expected to offer growth opportunities for the market in the future.

COVID-19 Impact Analysis

The COVID impact on the aerospace artificial intelligence (AI) market is unpredictable and is expected to remain in force till the second quarter of 2021.

The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned domestic and international travel for most of the year 2020. This led to sudden fall in demand for air-travel and hampered adoption of artificial technology for aerospace applications across the globe.

Moreover, nationwide lockdowns forced aerospace and AI related parts manufacturing facilities to partially or completely shut their operations.

Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of robust and innovative aerospace artificial intelligence solutions globally.

Key Findings Of The Study

By offering, the software segment is expected to register a significant growth during the forecast period.

By technology, the machine learning segment is anticipated to exhibit significant growth in the near future.

By application, the flight operations segment is projected to lead the global aerospace artificial intelligence market owing to higher CAGR as compared to smart maintenance and training segments.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global aerospace artificial intelligence market include Airbus S.A.S., General Electric Company, Intel Corporation, International Business Machines Corporation (IBM), Iris Automation Inc., Microsoft Corporation, SITA, Spark Cognition, Thales Groups, and The Boeing Company.

Key Segments Studied in the Global Aerospace Artificial Intelligence  Market: Report Coverage

Professional Key players:  Key players operating in the global aerospace artificial intelligence market include Airbus S.A.S., General Electric Company, Intel Corporation, International Business Machines Corporation (IBM), Iris Automation Inc., Microsoft Corporation, SITA, Spark Cognition, Thales Groups, and The Boeing Company.

 

 

Market Segmentation:

Aerospace Artificial Intelligence Market by Offering (Software, Hardware, and Services), Technology (Machine Learning, Natural Language Processing, Computer Vision, and Context Awareness Computing), and Application (Customer Service, Smart Maintenance, Manufacturing, Training, Flight Operations, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028

Regional Scope:  

North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa, United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

 

Forecast Period 2021 to 2028 CAGR:    XX

Pages: 100+

Tables, Charts & Figures: 100+

Growth Drivers Pitfalls & Challenges

 

COVID-19 – Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020

xx

xx

xx

xx

Recovery – Opening of Economy extended till Q4 2020 / Q1 2021

xx

xx

xx

xx

 

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

For more information or any query mail at [email protected]

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:

Informational Takeaways from the Market Study: The report includesthe completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.

 (Check Our Exclusive Offer: 30% to 40% Discount) Lowest Price Guarantee

https://reportocean.com/industry-verticals/sample-request?report_id=AMR1745

The study objectives of this report are:

Important Features that are under offering & key highlights of the report:
– Detailed overview of market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards market performance
– Market players information to sustain and enhance their footprint

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

Ask Our Expert for Complete Report@:

https://reportocean.com/industry-verticals/sample-request?report_id=AMR1745

Key Points Covered in Aerospace Artificial Intelligence  Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Aerospace Artificial Intelligence  market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Aerospace Artificial Intelligence   Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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