Artificial Intelligence in Aviation Market

Intel (US) and NVIDIA (US) are the Key Players in the Artificial Intelligence in Aviation Market

The artificial intelligence (AI) in aviation market is expected to be valued at USD 152.4 Million in 2018 and is likely to reach USD 2,222.5 Million by 2025, at a CAGR of 46.65% during the forecast period. The major factors driving the growth of the AI in aviation market include the use of big data in the aerospace industry, significant increase in capital investments by aviation companies, and rising adoption of cloud-based applications and services in the aviation industry.

Some of the key players operating in the AI in aviation market are Intel (US), NVIDIA (US), IBM (US), Micron (US), Samsung (South Korea), Xilinx (US), Amazon (US), Microsoft (US), Airbus (France), Boeing (US), General Electric (US), Thales (France), Lockheed Martin (US), and Garmin (US).      

Intel (US) held the first position in the AI in aviation market. The company enjoys a strong market presence and has been effectively defending its position in the market. It has dominated the market for processors for several years. The company's dominant market position ensures a large addressable market. Intel's market position also provides it with increased scale and related benefits. The company’s established market position provides it with competitive advantages and allows it to effectively penetrate the adjacent markets. Intel’s competitive advantages include the combination of its network of manufacturing, assembly, and test facilities with global architecture design teams. This network enables the company to have direct control over processes, quality control, product cost, production timing, performance, power consumption, and manufacturing yields. Intel has strengthened its artificial intelligence division by adopting the acquisition strategy. In August 2016 company acquired Nervana Systems (US) to further penetrate into the AI market and to use Nervana’s deep learning algorithms and integrate them into its standalone systems. Intel aims to make the AI technology easily available to its customers, with open data exchanges and initiatives. To meet this goal, the company has introduced the Intel Nervana AI Academy program, which has increased the accessibility to data, tools, training, and intelligent machines for developers, academics, and start-ups.

NVIDIA (US) held the second position in the AI in aviation market. The company offers deep learning- and AI-based products, including Volta, a powerful GPU computing architecture; NVIDIA GPU Cloud (NGC), a cloud-based platform; and NVIDIA Jetson TX2, a digital platform. It has a well-established geographic footprint and mainly deals with major OEMs and ODMs worldwide. NVIDIA makes substantial investments in R&D. This has resulted in its strong organic growth and robust market positioning in terms of product launches in the AI in aviation market. It uses its existing business channels, as part of its business strategy, to reach customers easily. NVIDIA has more than 40 offices worldwide, generating a major share of its revenues from geographies such as Taiwan, China, the US, and Europe. The company has adopted product launches as its key strategy. For instance, in October 2017, NVIDIA launched the NVIDIA GPU Cloud (NGC) container registry for AI developers worldwide; this product helps developers get started with deep learning development through no-cost access to a comprehensive, easy-to-use, fully optimized deep learning software stack, expanding its support to other cloud platforms.

Related Reports:

Artificial Intelligence in Aviation Market by Offering (Hardware, Software, Service), Technology (Machine Learning, Context Awareness, NLP, Computer Vision), Application (Virtual Assistants, Smart Maintenance), and Geography - Global Forecast to 2025

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