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Artificial Intelligence in Aviation Market Trends

Report ID: GMI6442
Published Date: Aug 2023
Report Format: PDF

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AI in Aviation Market Trends

The development of AI, machine learning, and big data analytics continues to expand the possibilities for improving aviation operations and services. AI can analyze massive datasets generated by aircraft sensors and systems to extract valuable insights for improving performance, fuel efficiency, and decision-making.

In January 2023, British Airways used AI to optimize its flight paths and save an estimated 100,000 tons of fuel. The airline's AI system analyzed millions of data points to identify the most efficient flight paths for each route. This resulted in a 1% reduction in fuel consumption, which saved British Airways an estimated USD10 million. Through better resource utilization, predictive maintenance, and fuel-efficient operations, AI can contribute to significant cost savings for airlines and operators, propelling the market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AI in aviation reached USD 686.4 million in 2022 and is set to register a CAGR of over 20% between 2023 and 2032, as it can identify potential safety risks and assist in proactive maintenance, thereby enhancing overall safety in aviation operations.

The machine learning segment held a market share of around 32% in 2022, due to its ability to analyze vast datasets and improve decision-making.

The North America market recorded over 39% of revenue share in 2022, backed by the region's advanced technological infrastructure, strong emphasis on innovation, and significant investments in R&D.

Samsung Electronics, Intel, Xilinx, Thales, IBM, Amazon, Nvidia, Microsoft, Garmin, Lockheed Martin, Boeing, Micron, Airbus, General Electric.