Global Intelligent Automation in Aerospace & Defence Market by Type (Hardware, Software, Services), By Application (Military, Commercial Aviation, Space) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global intelligent automation in aerospace and defence market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The increasing demand for unmanned aerial vehicles (UAVs) and autonomous systems is driving the growth of the market. The hardware segment is expected to hold the largest share of the market during the forecast period, owing to the increasing demand for advanced sensors, processors, and communication systems in aircrafts and missiles. The software segment is projected to grow at a higher CAGR than other segments during the forecast period, as it enables organisations to manage large data sets collected from various sources for analysis and decision-making purposes.



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Product Definition:

Intelligent Automation is the application of artificial intelligence (AI) and related technologies such as machine learning, natural language processing, and robotic process automation to business processes. Intelligent Automation can improve quality, accuracy, speed and efficiency of tasks performed by humans or machines. It can also help organizations to make better decisions by automating data analysis and providing insights that would otherwise be difficult to obtain.

Hardware:

Hardware is the tangible, physical entity in the IT world. It's primary function is to provide support for software and other electronic devices. Hardware can be broadly classified into three categories: input/output devices, storage devices and processors or central processing units (CPU). The hardware market has been witnessing significant growth over the last few years owing to rapid technological advancements such as miniaturization of components & chipsets resulting in reduction of weight & size along with increasing power efficiency.

Software:

Software is a set of instructions, which when followed by the computer causes the computer to perform a task. In case of aerospace and defense industry, software is used for automation purposes in aircrafts and tanks. The major advantage provided by software over physical devices includes flexibility and portability. Software can be easily modified as per requirement which was not possible with physical devices.

The global intelligent automation market size was valued at USD 683 million in 2015.

Application Insights:

The military segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing need for unmanned aerial vehicles, UAVs, across the globe has led to an increase in their development. This has resulted in a rise in demand for AGVs that are used for navigation and targeting purposes. Furthermore, increasing investments by governments of countries such as China, Russia and India have resulted in development of advanced UAVs with enhanced capabilities which is further anticipated to propel growth over the forecast period.

Commercial aviation application segment accounted for more than 30% share of global revenue on account of rising passenger traffic on commercial aircraft coupled with high safety requirements imposed by regulatory bodies around the globe including International Civil Aviation Organization (ICAO) regarding maintenance schedules etc., is expected to drive demand from 2018-2030ADIADC).

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its lead over the forecast period owing to early adoption of advanced technologies and increasing demand for efficient air travel. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to growing investments in defense modernization, rising tensions between countries, and increasing need for effective security measures across various sectors including aerospace & defense industry. Moreover, rapid growth of commercial aviation sector will also drive demand for AIADM over the forecast period.

The major companies operating in this space include General Dynamics Mission Systems; Harris Corporation; L3 Technologies Inc.

Growth Factors:

Increasing demand for unmanned aerial vehicles (UAVs) in defence and commercial applications is driving the growth of the intelligent automation in aerospace and defence market.
The increasing use of robots for manufacturing aircraft components is also propelling the growth of this market.
Growing investments by governments worldwide to develop advanced automated systems for air traffic control is fuelling the demand for intelligent automation in aerospace and defence market.
Rapid advancements in artificial intelligence (AI) and machine learning are providing new opportunities for players operating in this market space.
The increasing need to reduce human error during critical operations is motivating organisations to adopt intelligent automation solutions


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Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Automation in Aerospace & Defence Market Research Report
By Type
Hardware, Software, Services
By Application
Military, Commercial Aviation, Space
By Companies
Microsoft Corporation, Intel Corporation, NVIDIA, IBM, Samsung, Xilinx, Airbus, Boeing, General Electric, Thales, Lockheed Martin, Garmin, SITA, Iris Automation Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.

Global Intelligent Automation in Aerospace & Defence Market Report Segments:
The global Intelligent Automation in Aerospace & Defence market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Commercial Aviation, Space
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Microsoft Corporation
Intel Corporation
NVIDIA
IBM
Samsung
Xilinx
Airbus
Boeing
General Electric
Thales
Lockheed Martin
Garmin
SITA
Iris Automation Inc



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Highlights of The Intelligent Automation in Aerospace & Defence Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Hardware
Software
Services
By Application:
Military
Commercial Aviation
Space
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Intelligent Automation in Aerospace & Defence Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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