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How AI (Artificial Intelligence) Is Transforming The Aerospace Industry
By Pranav Shah, Mitul Trivedi and Ruchi Tank (eInfochips)
1. Aerospace Artificial Intelligence Market (How is the Aerospace AI marketing shaping up)
1.1. Artificial Intelligence
1.2. Aerospace Artificial Intelligence Market
Image: Reference 1
2. How AI works in Aerospace (Working of AI in Aerospace)
2.1. Artificial Intelligence in Aviation
Image: Reference no. 2
3. Use Cases of AI in the Aerospace Industry
AI has two major purposes:
3.1. Dynamic ticket pricing
3.2. Delay predictions
We must mention weather conditions yet another time today. Delays are unfortunately common, and they depend on dozens of varied factors. Over the world, Modern ML-based applications can help airlines and airports to predict flight delays and notify passengers as quickly as possible. This way, customers can have enough time to plan their travel and other arrangements, if necessary, meanwhile the aviation companies can also improve UX (User Experience) of such applications.
3.3. Flights optimization
Partially, we have already discussed this application. Modern ATM (Automated Teller Machines) systems enable airlines and air transportation companies to set optimal flight routes. This can lower the costs of flights, save travel time, and most importantly usage of fuel.
3.4. Crew scheduling
3.5. Smart maintenance
3.6. Better Fuel Efficiency
3.7. Training
3.8. Improved Customer Experience
3.9. Passenger Identification
3.10. Recommendation Engine
3.11. Chatbots/Bots
3.12. Baggage Screening
3.13. AI Thermal cameras/AI-based video analytics
3.14. Predictive aircraft maintenance
Artificial Intelligence in aviation enables technicians to access historical and real-time data from any location. The systems are mobile and desktop compatible, and they provide alerts and notifications of the aircraft's current technical status. They also enable technicians to identify problems that may indicate a malfunction and replace parts before they become a severe problem.
3.15. Factory Automation
The automotive industry already has highly invested in factory automation to get a continuous supply of products. However, the same is not possible in the aviation industry due to less volume of investment. By introducing factory automation, it can channelize supply chain and monitor manufacturing. AI-enabled machines/robots can perform multiple tasks at a time to manage supply chain. Smart AI can improve by self-learning.
4. Future of AI in Aerospace Industry
4.1. Air Traffic Management
4.2. Autonomous Flight Operations
Flight operation is a process starting from takeoff to landing and passengers from boarding to departure. So, there are many activities included in such a lengthy process. It also means a specific operation of a particular flight during a particular period. E.G., some flight BA2490 operates twice in a week, then, it has eight operations in a month. By extending innovative machine learning and analyzing data, it can identify the occupancy of passengers and manage the flight days, based on the past data.
5. Conclusion
AI is used to assist customers at the airport which is helping the companies reduce their operational and labor costs. Also, by using AI technologies, airline companies can resolve the issues of their passengers using chatbots by providing them with correct information. Artificial Intelligence in aviation enables technicians to access historical and real-time data from any location. Alerts and notifications with aircraft's current technical status are provided by using mobile and web applications which would help technicians in identifying malfunctioning and can replace malfunctioning parts before they occur. It is expected that AI in the aviation market is increasing because of the algorithms which automate large amounts of data, resulting in increasing productivity and decreasing queue length.
6. Reference
Image References
Authors –
Pranav Shah - Pranav Shah is a technology leader specializing in digital technologies such as audio-video, cloud, AR-VR, automation, IoT, and AI. With over a decade of experience at eInfochips and 14+ years in designing and developing software products, Pranav focuses on creating solutions in virtual reality, artificial intelligence, and data science to enhance the overall customer experience.
Mitul Trivedi - Mitul Trivedi is working at eInfochips as a Senior Engineer, with over 12+ years of experience in various platforms such as mobile applications, frontend, backend, and DevOps. With a focus on audio-video applications for over 4 years, Mitul provides solutions to real-time challenges. Currently, he is working on proof-of-concept applications to incorporate the latest technologies like Artificial Intelligence.
Ruchi Tank – She is a Senior Engineer with four years of experience who specializes in offering Cabin Management System solutions.Her experience primarily involves creating mobile applications for private aircraft in the avionics industry.
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The Role Of Smart Engineering And AI In The Development Of Autonomous Aerospace Vehicles
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Artificial Intelligence And Robotics In Aerospace And Defense Market Scope By Trend Forecast 2031
The Artificial Intelligence and Robotics in Aerospace and Defense Market Insights of 2023 is an extensive and comprehensive report that provides a complete analysis of the market's size, shares, revenues, various segments, drivers, trends, growth, and development. The Artificial Intelligence and Robotics in Aerospace and Defense market is expected to grow annually by (CAGR 2023 - 2031). The Artificial Intelligence and Robotics in Aerospace and Defense market report is a striking 100 pages that includes a comprehensive table of contents, a list of figures, tables, and charts, as well as extensive analysis. This report offers valuable insights to industry stakeholders and vendors. The report highlights company profiles, financial metrics, market demands, technological innovations, and regional developments.
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Which Manufacturer holds the Top position in the Artificial Intelligence and Robotics in Aerospace and Defense Market Report?Iris Automation Inc.
The Boeing Company
Nvidia Corporation
Thales SA
Airbus SE
IBM
SITA
Lockheed Martin Corporation
General Electric
Intel Corporation
Artificial Intelligence and Robotics in Aerospace and Defense Market Snapshot:
In this report analysis, we thoroughly examine the Artificial Intelligence and Robotics in Aerospace and Defense Market by exploring it into different segments, including size, share, and end-users etc. Furthermore, we present forecasts covering the period from 2023 to 2031. Additionally, we provide insights into the current status of the Compound Annual Growth Rate (CAGR) for the upcoming period, and we shine a spotlight on the top players in the industry. Ask for A Sample Report
The report provides a thorough examination of the market size related to Artificial Intelligence and Robotics in Aerospace and Defense, delving into various aspects such as product types, applications, and geographical regions. It also offers an accurate assessment of the competitive landscape, recent developments, and emerging trends. Moreover, the report offers strategic insights to help companies navigate the challenges brought about by the ongoing COVID-19 pandemic.
The continuous evolution and advancement of technology are improving product performance, thus increasing its range of applications in downstream markets. Additionally, a comprehensive analysis of consumer preferences, dynamic market forces (including drivers, limitations, and opportunities), new product introductions, the impact of the pandemic, regional variations, and engagement with key stakeholders provide invaluable insights for a thorough exploration of the Artificial Intelligence and Robotics in Aerospace and Defense landscape.
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Artificial Intelligence and Robotics in Aerospace and Defense Market Report Detail Analysis 2023-2031:
The Artificial Intelligence and Robotics in Aerospace and Defense Market Report offers a comprehensive assessment of key market competitors by integrating historical data, SWOT analysis, and the latest global developments. It includes a detailed table of contents and data, along with an evaluation of the market's impact before and after the COVID-19 pandemic. Its primary aim is to provide a detailed overview of the Artificial Intelligence and Robotics in Aerospace and Defense market, covering its historical performance, current status, and future prospects, with a particular focus on how the pandemic has affected it.
Moreover, the Artificial Intelligence and Robotics in Aerospace and Defense market conducts a thorough analysis of the factors that drive the industry and the challenges it faces, using a combination of qualitative and quantitative methods. This approach equips readers and users with reliable insights into the sector and serves as a valuable resource for businesses of all sizes as they formulate their business strategies. It simplifies the presentation of statistical data for easy understanding.
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What are the various Type present in the Artificial Intelligence and Robotics in Aerospace and Defense Market?Hardware
Software
Service
What are the different Applications found in the Artificial Intelligence and Robotics in Aerospace and Defense Market?Military
Commercial Aviation
Space
Key Points of Artificial Intelligence and Robotics in Aerospace and Defense Market Report are: -
Market Size Estimates:Artificial Intelligence and Robotics in Aerospace and Defense market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics:Artificial Intelligence and Robotics in Aerospace and Defense market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict:Influence of global inflation and Russia and Ukraine War on the Artificial Intelligence and Robotics in Aerospace and Defense market
Segment Market Analysis:Artificial Intelligence and Robotics in Aerospace and Defense market value and sales volume by type and by application from 2018-2028
Regional Market Analysis:Artificial Intelligence and Robotics in Aerospace and Defense market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Artificial Intelligence and Robotics in Aerospace and Defense Market: Revenue and sales volume of major countries in each region
Artificial Intelligence and Robotics in Aerospace and Defense Market Competitive Landscape and Major Players:Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow:Import and export volume of the Artificial Intelligence and Robotics in Aerospace and Defense market in major regions.
Artificial Intelligence and Robotics in Aerospace and Defense Industry Value Chain:Artificial Intelligence and Robotics in Aerospace and Defense market raw materials and suppliers, manufacturing process, distributors, downstream customers
Artificial Intelligence and Robotics in Aerospace and Defense IndustryNews, Policies and Regulations
To Understand How COVID-19 Impact is Covered in This Report.
Which Regions are focusing in the Artificial Intelligence and Robotics in Aerospace and Defense Market?North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa)
Outline of Chapters for the Artificial Intelligence and Robotics in Aerospace and Defense Market Report: -
-Chapter 1: of the Artificial Intelligence and Robotics in Aerospace and Defense Market report begins with a concise introduction to the research scope, providing definitions of the target market and its subdivisions.
-Chapter 2: effectively summarizes the research findings and conclusions in a clear and straightforward manner.
-Chapter 3: offers insight into the competitive landscape by presenting sales, revenue, and market shares of the top players. It also provides profiles of major market participants, including their business introductions, sales, pricing, revenue, gross profit, growth rates, and more.
-Chapter 4: dissects the market by various product types, sharing corresponding data to help readers understand the market's distribution by type.
-Chapter 5: segments the Artificial Intelligence and Robotics in Aerospace and Defense Market based on its downstream industries, with data covering sales, revenue, and growth rates dating back to 2018.
-Chapter 6: conducts a comprehensive analysis of the entire market industrial chain, from upstream raw materials to downstream customers, while considering regional variations.
-Chapter 7: delves into market dynamics, listing factors that drive, challenge, or hinder the market. It also includes industry news, opportunities, the impact of COVID-19, and a SWOT analysis.
-Chapter 8: presents data breakdown at the regional level, allowing readers to visualize the regional competitive landscape and learn about revenue, sales, and market share in all major regions.
-Chapters 9 to 13: focus on each major region individually, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These chapters provide detailed information on sales, pricing, revenue, gross profit, gross margin, and other relevant aspects.
-Chapter 14: forecasts the future trends of the Artificial Intelligence and Robotics in Aerospace and Defense Market, offering insights not only for the market as a whole but also from the perspective of each segment.
Here are some of the key questions addressed in this report: -
What is the regional and country level market size for Artificial Intelligence and Robotics in Aerospace and Defense?
What factors are driving, restraining, creating opportunities, and pretention challenges in the Artificial Intelligence and Robotics in Aerospace and Defense Market, and how are they projected to influence the market?
What are the global figures for sales value, production value, consumption value, as well as imports and exports in the Artificial Intelligence and Robotics in Aerospace and Defense Market?
Who are the prominent global manufacturers in the Artificial Intelligence and Robotics in Aerospace and Defense Market?
What opportunities and challenges do vendors in the Artificial Intelligence and Robotics in Aerospace and Defense Market encounter?
Which product types or applications are likely to have potential for incremental growth? What is the market share for each type and application?
What specific strategies and limitations are impacting the Artificial Intelligence and Robotics in Aerospace and Defense Market?
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Detailed TOC of the Artificial Intelligence and Robotics in Aerospace and Defense market:1 Artificial Intelligence and Robotics in Aerospace and Defense Market Definition and Overview 1.1 Objectives of the Study 1.2 Overview of Artificial Intelligence and Robotics in Aerospace and Defense 1.3 Artificial Intelligence and Robotics in Aerospace and Defense Market Scope and Market Size Estimation 1.4 Market Segmentation 1.4.1 Types of Artificial Intelligence and Robotics in Aerospace and Defense 1.4.2 Applications of Artificial Intelligence and Robotics in Aerospace and Defense 1.5 Market Exchange Rate
2 Research Method and Logic 2.1 Methodology 2.2 Research Data Source
3 Market Competition Analysis 3.1 Iris Automation Inc. Market Performance Analysis 3.1.1 Iris Automation Inc. Basic Information 3.1.2 Product and Service Analysis 3.1.3 Strategies for Company to Deal with the Impact of COVID-19 3.1.4 Iris Automation Inc. Sales, Value, Price, Gross Margin 2016-2021 3.2 The Boeing Company Market Performance Analysis 3.2.1 The Boeing Company Basic Information 3.2.2 Product and Service Analysis 3.2.3 Strategies for Company to Deal with the Impact of COVID-19 3.2.4 The Boeing Company Sales, Value, Price, Gross Margin 2016-2021 3.3 Nvidia Corporation Market Performance Analysis 3.3.1 Nvidia Corporation Basic Information 3.3.2 Product and Service Analysis 3.3.3 Strategies for Company to Deal with the Impact of COVID-19 3.3.4 Nvidia Corporation Sales, Value, Price, Gross Margin 2016-2021 3.4 Thales SA Market Performance Analysis 3.4.1 Thales SA Basic Information 3.4.2 Product and Service Analysis 3.4.3 Strategies for Company to Deal with the Impact of COVID-19 3.4.4 Thales SA Sales, Value, Price, Gross Margin 2016-2021 3.5 Airbus SE Market Performance Analysis 3.5.1 Airbus SE Basic Information 3.5.2 Product and Service Analysis 3.5.3 Strategies for Company to Deal with the Impact of COVID-19 3.5.4 Airbus SE Sales, Value, Price, Gross Margin 2016-2021 3.6 IBM Market Performance Analysis 3.6.1 IBM Basic Information 3.6.2 Product and Service Analysis 3.6.3 Strategies for Company to Deal with the Impact of COVID-19 3.6.4 IBM Sales, Value, Price, Gross Margin 2016-2021 3.7 SITA Market Performance Analysis 3.7.1 SITA Basic Information 3.7.2 Product and Service Analysis 3.7.3 Strategies for Company to Deal with the Impact of COVID-19 3.7.4 SITA Sales, Value, Price, Gross Margin 2016-2021 3.8 Lockheed Martin Corporation Market Performance Analysis 3.8.1 Lockheed Martin Corporation Basic Information 3.8.2 Product and Service Analysis 3.8.3 Strategies for Company to Deal with the Impact of COVID-19 3.8.4 Lockheed Martin Corporation Sales, Value, Price, Gross Margin 2016-2021 3.9 General Electric Market Performance Analysis 3.9.1 General Electric Basic Information 3.9.2 Product and Service Analysis 3.9.3 Strategies for Company to Deal with the Impact of COVID-19 3.9.4 General Electric Sales, Value, Price, Gross Margin 2016-2021 3.10 Intel Corporation Market Performance Analysis 3.10.1 Intel Corporation Basic Information 3.10.2 Product and Service Analysis 3.10.3 Strategies for Company to Deal with the Impact of COVID-19 3.10.4 Intel Corporation Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts 4.1 Global Artificial Intelligence and Robotics in Aerospace and Defense Production and Value by Type 4.1.1 Global Artificial Intelligence and Robotics in Aerospace and Defense Production by Type 2016-2021 4.1.2 Global Artificial Intelligence and Robotics in Aerospace and Defense Market Value by Type 2016-2021 4.2 Global Artificial Intelligence and Robotics in Aerospace and Defense Market Production, Value and Growth Rate by Type 2016-2021 4.2.1 Hardware Market Production, Value and Growth Rate 4.2.2 Software Market Production, Value and Growth Rate 4.2.3 Service Market Production, Value and Growth Rate 4.3 Global Artificial Intelligence and Robotics in Aerospace and Defense Production and Value Forecast by Type 4.3.1 Global Artificial Intelligence and Robotics in Aerospace and Defense Production Forecast by Type 2021-2026 4.3.2 Global Artificial Intelligence and Robotics in Aerospace and Defense Market Value Forecast by Type 2021-2026 4.4 Global Artificial Intelligence and Robotics in Aerospace and Defense Market Production, Value and Growth Rate by Type Forecast 2021-2026 4.4.1 Hardware Market Production, Value and Growth Rate Forecast 4.4.2 Software Market Production, Value and Growth Rate Forecast 4.4.3 Service Market Production, Value and Growth Rate Forecast
Continued....
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