Aerospace AI market seen reaching $5.8 billion by 2028

Allied Market Research says the global aerospace artificial intelligence market is expected to grow from $373.6 million in 2020 to $5.83 billion by 2028. The report points to fuel-efficiency gains, airport safety, and broader adoption by major aerospace and tech companies as key drivers.

Why it matters: - Aerospace artificial intelligence is moving from niche use cases into core airline and aircraft operations. - The market forecast signals faster adoption of AI for maintenance, safety, manufacturing, training, and flight operations. - The report says the opportunity spans software, hardware, and services across multiple regions.

What happened: - Allied Market Research published a report on the global aerospace artificial intelligence market covering 2021-2028. - The report estimates the market will rise from $373.6 million in 2020 to $5,826.1 million in 2028. - The report projects a 43.4% CAGR for 2021-2028. - The report includes 284 pages, 128 tables and 79 charts. - The report uses 2020 as the base year and 2021-2028 as the forecast period. - The report is identified as code A11337. - A sample report is available here.

The details: - The report says fuel-efficiency gains from AI and AI use for airport safety are major growth drivers. - The report says Boeing, Airbus, IBM and Microsoft are among the large players deploying AI-enabled solutions. - The report says collaboration among AI firms and new funding for AI development are supporting aerospace adoption. - The report says AI can improve operational efficiency, plane maintenance, customer satisfaction and cloud-based applications. - The market covers software, hardware and services. - The technology segments include machine learning, natural language processing, computer vision and context awareness computing. - The application segments include customer service, smart maintenance, manufacturing, training, flight operations and others. - The report covers North America, Europe, Asia-Pacific and LAMEA. - The report names Airbus S.A.S., General Electric, Intel, IBM, Iris Automation, Microsoft, SITA, Spark Cognition, Thales Group and Boeing as analyzed players. - The report says software held the largest revenue share in 2020 because of demand for AI-powered software across aerospace uses. - The report says machine learning is expected to post strong growth by technology. - The report says flight operations is projected to dominate during the forecast period.

Between the lines: - The forecast suggests aerospace AI is shifting from experimentation to operational deployment. - The strongest demand appears to be coming from software-led use cases, which can scale faster than hardware-heavy systems. - The report’s emphasis on safety, maintenance and flight operations points to AI adoption where cost savings and reliability gains are easiest to measure. - North America led the market in 2020, while Asia-Pacific is projected to grow the fastest at 46% through 2028.

What's next: - The report expects continued investment in AI technologies across China, Japan and India to drive Asia-Pacific growth. - The report points to further adoption in commercial aircraft operations as airlines seek efficiency and customer-service gains. - The market will likely be shaped by airline regulations, implementation costs and the availability of trained staff. - More information is available in the company's purchase inquiry page.