Aerospace Artificial Intelligence Market Key Players, Industry Overview and Forecast Analysis

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Aerospace Artificial Intelligence Market
The COVID-19 outbreak forced governments across
the globe to implement strict lockdowns and made
social distancing mandatory to contain the spread
of the virus. As a result, thousands of airplanes
were grounded internationally and the industry
witnessed a huge slump in revenues. The losses
witnessed by the aviation sector have impacted
the adoption of innovative technologies such as
AI. Airports and airlines suffered to a large
scale by the pandemic that stopped the companies
and authorities to invest in AI technologies.
With the ongoing vaccination across the globe,
the aerospace industry is expected to come on
track in some time and the adoption of AI is
projected to increase over the years.
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Aerospace Artificial Intelligence Market
The global aerospace artificial intelligence
market valued 373.6 million in 2020 and is
projected to reach 5,826.1 million in 2028,
registering a CAGR of 43.4. Artificial
intelligence (AI) holds great possibilities for
the aerospace industry. Implementation of AI in
the aerospace sector can allow aircraft
manufacturers reorganize production of various
components and lessen various safety issues at
airports. AI technologies such as machine
learning, computer vision, and natural language
processing are capable of bringing dramatic
changes across different areas such as customer
service, smart maintenance, product design, pilot
training, and threat identification. In recent
years, major aircraft manufacturers such as
Airbus S.A.S and Boeing announced AI-based
product launches and research initiatives.
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Aerospace Artificial Intelligence Market

• Key Benefits For Stakeholders
• This study presents analytical depiction of the
  global aerospace artificial intelligence market
  analysis along with current trends and future
  estimations to depict imminent investment
  pockets.
• The overall aerospace artificial intelligence
  market opportunity is determined by understanding
  profitable trends to gain a stronger foothold.
• The report presents information related to key
  drivers, restraints, and opportunities of the
  global aerospace artificial intelligence market
  with a detailed impact analysis.
• The current aerospace artificial intelligence
  market is quantitatively analyzed from 2020 to
  2028 to benchmark the financial competency.
• Porters five forces analysis illustrates the
  potency of the buyers and suppliers in the
  industry.

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Aerospace Artificial Intelligence Market

• Major Companies
• Airbus S.A.S.
• General Electric Company
• Intel Corporation
• International Business Machines Corporation (IBM)
• Iris Automation Inc.
• Microsoft Corporation
• SITA
• Spark Cognition
• Thales Groups
• The Boeing Company

COVID-19 impact
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Aerospace Artificial Intelligence Market
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