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Global AI in Aerospace Market Report, Outlook, Share, Growth, and Forecast to 2028

Global AI in Aerospace Market By Offering (Software, Hardware, and Services), By Technology (Machine Learning, Natural Language Processing, Computer Vision, and Context Awareness Computing), Application (Virtual Assistants, Smart Maintenance, Manufacturing, Training, Surveillance, Flight Operations, Dynamic Pricing, and Others), and By Region (North America, Europe, Asia-Pacific, South America and The Middle East & Africa)-Global Forecast to 2030.

Frequently Asked Questions (FAQ):

Artificial intelligence (AI) in aerospace involves including services and systems such as automated baggage check-in, facial recognition, addressing customer queries, and aircraft fuel optimization, among others. Artificial intelligence (AI) is also used in ground operations, such as air traffic control and real-time support systems.

The global AI in Aerospace market is estimated to reach USD 5825.9 Million by 2030 with a significant CAGR of 44.5% during the forecast period of 2022-2030. It was valued at USD 473.6 Million in 2022.

The increasing usage of use of big data in the aerospace industry, rising adoption of cloud-based applications and services, and growing investments in the adoption of Artificial Intelligence (AI) in the aerospace industry are some of the prominent factors accelerating the growth of the AI in Aerospace market during the forecast period.

The limited adoption of artificial intelligence and machine learning in aviation industries due to lack of access to high-quality data, increased dependability on simple models as compared to complex models and a lack of skilled workforce and partners to implement it effectively are expected to restrain the growth of the global AI in Aerospace market in the coming years.

Companies like Intel Corporation, Nvidia Corporation, International Business Machines Corporation, Micron Technology, Inc., Samsung, Xilinx, Inc., Amazon.com, Inc., Microsoft Corporation, Airbus SE, The Boeing Company, General Electric, Thales Group, Lockheed Martin Corporation, and Garmin are the prominent players in the global AI in Aerospace market.

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