Industry News

TMCNet:  Global Artificial Intelligence in Aviation Market 2018-2022 | 36% CAGR Projected Over the Next Four Years | Technavio

[December 03, 2018]

Global Artificial Intelligence in Aviation Market 2018-2022 | 36% CAGR Projected Over the Next Four Years | Technavio

Technavio analysts forecast the global artificial intelligence in the aviation market to grow at a CAGR of nearly 38% during the forecast period, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181203005532/en/

Technavio has released a new market research report on global artificial intelligence in the aviatio ...

Technavio has released a new market research report on global artificial intelligence in the aviation market for the period 2018-2022. (Graphic: Business Wire)

Blockchain integration into aviation is one of the major trends being witnessed in the global artificial intelligence (AI) in the aviation market 2018-2022. The information in the aviation industry is deemed to be very sensitive and complex. Integration of blockchain into the industry can lead to vast improvements in the operational efficiency of the whole workflow. Blockchain technology may be incorporated by manufacturers and airline operators alike for comprehensive data sharing and reconciliation, leading to reduction of complexities associated with cross-enterprise business processes. In the aviation industry, blockchain technologies can revolutionize the ticketing system, loyalty programs, security and identity protocols, and the associated maintenance turnaround times.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to the growth of the global artificial intelligence in the aviation market is the application of big data in aviation:

Global artificial intelligence in the aviation market: Application of big data in aviation

Big data is expected to positively impact the aviation market by enabling the cost-efficient designs of products, more efficient manufacturing and operations, and better business decisions and internal operations. Conveniently, big data is characterized through high-velocity data stream, received in large volume from multiple sources in a variety of forms. The characteristics of data streams combine to augment the complexity involved in analyzing the collected data and taking real-time decisions.

According to a senior analyst at Technavio for research on aerospace, "Fundamentally, big data is not a novel concept for the aviation industry. For example, sensors have been used since the introduction of fly-by-wire systems to record certain aspects of the flight such as speed, altitude, and stability. The concept has now evolved into predictive analysis. For instance, big data analysis helps in achieving high efficiency during flight by adjusting the fuel consumption rate for a flying condition while reducing turbulence for a flight path with the help of multiple flight parameters that are recorded and transmitted during the flight."

Global artificial intelligence in the aviation market: Segmentation analysis

The global artificial intelligence in the aviation market research report provides market segmentation by applications (airline and airport operations and manufacturing and MRO activities) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The airline and airport operations segment held the largest market share in 2017, accounting for over 53% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 53%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by over 2%.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


[ Back To The Blockchain Domain's Homepage ]


FEATURED RESOURCE


Social media is impacting the value of your cryptocurrency. This cross-platform audit will show how to improve consumer and influencer sentiment.

CONTACT US