Artificial Intelligence (AI) in Aviation Market to see Huge Growth by 2029

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. 

To Request a Sample of our Report on Artificial Intelligence (AI) in Aviation Market:  https://www.omrglobal.com/request-sample/ai-in-aviation-market

AI in Aviation Market Segmentation

By Offering

·        Hardware 

·        Software 

·        Services

By Technology

·        Context Awareness 

·        Machine Learning

·        NLP (Natural Language Processing)

·        Computer Vision

By Application

·        Virtual Assistants

·        Dynamic Pricing

·        Smart Maintenance

·        Manufacturing

·        surveillance

·        Flight Operations 

·        Training

·        Others

A full Report of Artificial Intelligence (AI) in Aviation Market is Available @  https://www.omrglobal.com/industry-reports/ai-in-aviation-market

Regional Analysis                                                                                                                                                                            

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles 

·        Airbus SE

·        Amazon Web Services, Inc.

·        Garmin Ltd.

·        Intel Corp

·        International Business Machines Corp (IBM)

·        IRIS Automation Pvt. Ltd.

·        Kitty Hawk Corp.

·        Lockheed Martin Corp.

·        Micron Technology, Inc.

·        Microsoft Corp.

·        Northrop Grumman Corp.

·        Nvidia Corp.

·        Pilot AI Labs, Inc.

·        samsung electronics co., ltd.

·        Thales Group 

·        The Boeing Company 

·        The General Electric Company (GE Group)

·        Xilinx, Inc. 

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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