Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Artificial Intelligence in Aviation Chapter 4: Presenting the Artificial Intelligence in Aviation Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

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.

Artificial Intelligence in Aviation Market has been segmented on the basis of technology, offering, application, and geography. Based on offering market is split into Hardware & Software. Technology is divided into Natural Language Processing (NLP), Context, Awareness Computing, Machine Learning, and Computer Vision. Application of the market is Flight Operations, Smart Maintenance, Training, Virtual Assistants, Surveillance, Dynamic Pricing, and Manufacturing. Artificial intelligence in aviation sort the information and provide the pilot with the best possible options for operation, which is impossible for human being to perform.

"The Global Artificial Intelligence in Aviation Market analysis is provided for the international markets by including development trends, competitive landscape analysis, and key regions development status. Manufacturing processes, development policies, and plans of the Artificial Intelligence in Aviation Market are discussed, along with the cost structures. This Artificial Intelligence in Aviation market analysis also states supply, import/export consumption, and demand Figures, price, cost, revenue, and gross margins. Artificial Intelligence in Aviation market competitive landscape offers data information and details by companies. The Artificial Intelligence in Aviation market analysis provides a complete analysis and precise statistics on revenue by the market participants for the period 2020-2028.

Aviation has been badly hit by the Coronavirus, with airports, plane and engine makers, and ancillary services all taking huge hits. But as most of the industry was far along the AI and chatbot adoption curve, they are well placed to deal with some of the issues impacting the market and for the rebound when customers start to fly again. With the grim memory of 9/11, the 2008 global downturn, flight limitations through volcanoes and other traumatic experiences, airlines should be well placed to handle a drama. But, with wafer-thin margins, constant investment in new planes and routes, and regular battles with rivals and unions, it seems amazing that many of them haven't gone bankrupt already. Instead, government bailouts, further mergers or alliances and a few victims soon to be snapped up by healthier rivals should see them ready for the return to the skies in the summer.

According to a new market study entitled "Artificial Intelligence in Aviation Market to 2027 – Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, "explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments. Growing urbanization has resulted in advent of several disruptive technologies including the artificial intelligence. The AI has become integrated fragment of almost the sectors and recently the technology has also taken a plunge into aviation sector. Autopilot and flight management system are some of the key areas of implementation of the AI in aviation industry.

Chapter 13, 14 and 15, to describe Artificial Intelligence in Aviation sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source. On the basis of Application, Virtual assistants are expected to hold the largest share of the Artificial Intelligence in Aviation Market throughout the forecast period. AI-based virtual assistants help airline companies to 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 of by the AI-enabled virtual assistants. The research methodology used to estimate and forecast the AI in aviation market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources referred to for this research include Association for the Advancement of Artificial Intelligence, European Association for Artificial Intelligence, Canadian Artificial Intelligence Association. The vendor offerings have also been taken into consideration to determine the market segmentation. The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Artificial Intelligence in Aviation Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Artificial Intelligence in Aviation Market Carrier and assist manufacturers and investment organization to better grasp the development course of Artificial Intelligence in Aviation Market.

The artificial intelligence (AI) in aviation market was valued at USD 112.3 Million in 2017 and is likely to reach USD 2,222.5 Million by 2025, at a CAGR of 46.65% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2025. The major factors driving the growth of the AI in aviation market include the use of big data in the aerospace industry, significant increase in capital investments by aviation companies, and rising adoption of cloud-based applications and services in the aviation industry. The report aims at forecasting the market size and future growth potential of the AI in aviation market on the basis of offering, technology, application, and geographic region. It aims at identifying the major market trends and factors driving or restraining the growth of the AI in aviation market and its various submarkets.

The major factors driving the growth of the AI in aviation market include the use of big data in the aerospace industry, significant increase in capital investments by aviation companies, and rising adoption of cloud-based applications and services in the aviation industry. However, limited number of experts in AI is restraining the growth of the AI in aviation market. AI-based virtual assistants help airline companies improve the productivity and efficiency of their pilots by reducing their recurring works, such as changing radio channels, reading wind forecasts, and providing position information on request, among others. These recurring jobs are taken care by AI-enabled virtual assistants. Companies such as Garmin (US) offer AI-enabled audio panels, which are useful for pilots.