Report Linker, a leading research company providing industry insights, recently conducted a study to explore the substantial advances and improvements by various stakeholders in the Aviation market through the use of Artificial Intelligence.
According to the report, the Global Artificial Intelligence in Aviation Market is estimated to grow exponentially at a compound annual rate (CAGR)of 35.78% from a value of $214.36 Million in 2018 to $1,824.46 Million by the end of 2025.
Notable applications of artificial intelligence in the aviation sector are:
- Dynamic Pricing
- Flight Operations
- Manufacturing
- Smart Maintenance
- Surveillance
- Training
- Virtual Assistants
Four major technologies covered under the umbrella of artificial intelligence in the aviation sector are:
- Computer Vision*
- Context Awareness Computing**
- Machine Learning
- Natural Language Processing
*Computer Vision is a study wherein computers and systems learn by analyzing videos and images.
**Context awareness computing is the ability of a system or a machine to gather information about its environment and adjust the response accordingly.
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