Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on artificial intelligence in commercial airline
market provides in-depth analysis of segments and sub-segments in the global as
well as regional artificial intelligence in commercial airline market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional artificial intelligence in commercial airline market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global artificial
intelligence in commercial airline market. According to the report, the global artificial
intelligence in commercial airline market is projected to grow at a robust CAGR
over the forecast period of 2021-2027.
Artificial intelligence was
developed to provide reliable and faster business processes compared to the
manual workforce. The development and adoption of AI have played an important
role in a wide variety of industries. Businesses can improve the effectiveness
of services with improved productivity with the help of AI. Moreover,
artificial intelligence offers a number of features including speech
recognition, learning, planning, and problem-solving. With such capabilities,
AI can help businesses in the service sector such as commercial airline
companies to provide an efficient operational environment. Integrating AI with
the business system helps to enhance the quality of the customer experience.
However, the hesitation for accepting artificial intelligence among the service
providers is a major challenge for the players in the market.
The growing investment in
artificial intelligence across the world is majorly driving AI in the
commercial airline market. Furthermore, the increasing adoption of automation
and industry 4.0 initiatives is further augmenting the demand for AI in
commercial airlines. Organizations are becoming increasingly automated,
self-monitoring, and self-correcting as the devices are able to communicate
with each other and their human co-workers. On the other hand, the lack of
awareness, and training among the workforce is anticipated to hinder the market
growth. Investments in AI technology are increasing over the past few
years. However, the lack of skills and experience associated with AI is still a
major challenge for the industry. Nevertheless, the adoption of automation
technologies to lower the impact of COVID-19 is likely to offer opportunities
for market players. Shortage of labor due to government restrictions, and
concern of the spread of infection is driving the demand for automation across
the service sector.
In terms of regions, North America
generated the largest revenue in the global AI in the commercial airline market
due to the American leadership in the field of AI. Government programs such as
American Artificial Intelligence Initiative maintains the United States
leadership in AI technology a top priority. The commercial airline industry in
the U.S. is anticipated to experience an encouraging growth as several
companies are investing heavily on AI technology to maintain their inventories
and reduce the cost. Nonetheless, the Asia Pacific region is expected to grow
at an exceptional rate due to China’s adoption of the technology in its
industrial manufacturing operations. Moreover, the presence of several leading
players in India and China is likely to be a key factor driving the adoption of
AI technology in this region.
The report on global artificial
intelligence in commercial airline market covers segments such as offering,
solution, and technology. On the basis of offering, the sub-markets include
hardware, software, and services. On the basis of solution, the sub-markets
include predictive maintenance, revenue management, workforce optimization,
fuel consumption optimization, and others. On the basis of technology, the
sub-markets include machine learning, natural language processing, context
awareness computing, and computer vision.
The report provides profiles of
the companies in the market such as Amazon Web Services, Inc., IBM Corporation,
Microsoft Corporation, NVIDIA Corporation, Micron Technology, Inc., Airbus
S.A.S., Boeing Company, Garmin Ltd., Lockheed Martin Corporation, and Thales
Group.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of artificial intelligence in commercial airline market. Moreover, the
study highlights current market trends and provides forecasts from 2021-2027. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
Please Choose One of them.