Artificial Intelligence in Aviation Market
Executive Summary
The global artificial intelligence in aviation market is experiencing unprecedented growth, driven by increasing demand for operational efficiency, enhanced safety measures, and cost reduction across the aviation industry. The market is projected to reach significant milestones in the coming decade as airlines, airports, and aviation service providers increasingly adopt AI-powered solutions.
Market Overview
The artificial intelligence in aviation market encompasses a wide range of technologies and applications designed to enhance various aspects of aviation operations. From predictive maintenance and flight operations to passenger services and air traffic management, AI is revolutionizing how the aviation industry operates.
The global AI in aviation market was valued at approximately $1.2 billion in 2022 and is expected to reach $11.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 33.4% during the forecast period. This remarkable growth is attributed to increasing investments in digital transformation, rising air passenger traffic, and…