Global Artificial Intelligence in Aviation Market 2022-2028
106 pages, November 2018
About this market
Big data is expected to positively impact the aviation market by enabling the cost-efficient design of products, and more efficient manufacturing and operations. The implementation of big data is increasing for structural health monitoring of an aircraft. Through sensors located in different parts of the aircraft structure and inner components, the stresses and strains developed within the structure are detected before the occurrence of failure. For instance, in an aircraft, if a part needs to be replaced when it lands, the system can inform the crew in advance via a message to keep the replacement ready, thereby minimizing the turnaround time.
Market Overview
Blockchain integration into aviation
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.
Concerns over security breach
Big data can revolutionize the world with its predictive power. The collection of huge data sets for legitimate analysis by computers may be at risk of becoming available for abuse by miscreants. The possible impacts of a cyberattack range from endangering the safety of an aircraft to affecting operational reliability, financial health, and business continuity.
For the detailed list of factors that will drive and challenge the growth of the artificial intelligence in aviation market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Intel and Microsoft the competitive environment is quite intense. Factors such as the blockchain integration into aviation and application of bigdata into aviation, will provide considerable growth opportunities to artificial intelligence in aviation companies. Airbus, Amazon, IBM, Intel, and Microsoft are some of the major companies covered in this report.
About this market
Big data is expected to positively impact the aviation market by enabling the cost-efficient design of products, and more efficient manufacturing and operations. The implementation of big data is increasing for structural health monitoring of an aircraft. Through sensors located in different parts of the aircraft structure and inner components, the stresses and strains developed within the structure are detected before the occurrence of failure. For instance, in an aircraft, if a part needs to be replaced when it lands, the system can inform the crew in advance via a message to keep the replacement ready, thereby minimizing the turnaround time.
Market Overview
Blockchain integration into aviation
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.
Concerns over security breach
Big data can revolutionize the world with its predictive power. The collection of huge data sets for legitimate analysis by computers may be at risk of becoming available for abuse by miscreants. The possible impacts of a cyberattack range from endangering the safety of an aircraft to affecting operational reliability, financial health, and business continuity.
For the detailed list of factors that will drive and challenge the growth of the artificial intelligence in aviation market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Intel and Microsoft the competitive environment is quite intense. Factors such as the blockchain integration into aviation and application of bigdata into aviation, will provide considerable growth opportunities to artificial intelligence in aviation companies. Airbus, Amazon, IBM, Intel, and Microsoft are some of the major companies covered in this report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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