Posted 1/29/2024, 1:30:00 AM
Aerospace AI Market Poised for 43.6% Growth to $6.59B by 2028, Driven by Air Traffic Needs and Autonomous Systems
- Market size for aerospace AI expected to grow from $4.69 billion (2023) to $6.59 billion (2028) at a 43.6% CAGR
- Market segmented by component, end-user, and geography
- Software segment poised for substantial growth due to role in autonomous systems
- North America to contribute 36% of market growth
- Growth driven by rising global air traffic and need for efficient traffic management, with NLP for cockpit interaction an emerging trend