Artificial Intelligence in Aviation Industry is Expected to Reach $3.4 Billion by 2027

LONDON – The Global Artificial Intelligence in Aviation Market size was estimated at USD 508.89 million in 2021, USD 697.59 million in 2022, and is projected to grow at a CAGR of 37.25% to reach USD 3,402.84 million by 2027. Late last month, the "Artificial Intelligence in Aviation Market Research Report by Technology, Offering, Application, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19" Report was published by Research And Markets. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period. The FPNV Positioning Matrix evaluates and categorizes the vendors in the Artificial Intelligence in Aviation Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support). The Matrix also considers Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.