How Is Artificial Intelligence Enhancing The Growth Of The Aerospace Industry
10 Jul, 2019
Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve safety, productivity and quality of aircrafts. The aerospace market consists of sales of aerospace equipment by entities (organizations, sole traders and partnerships) that produce commercial aircraft, undertake aircraft maintenance, repair and overhauling services, produce support and auxiliary equipment, such as radar, air traffic control towers and satellites, or produce sea-based defense equipment.
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The global aerospace market is further segmented based on type and geography.
By Type - The aerospace market is segmented into commercial aircraft manufacturing, aircraft maintenance, repair and overhauling services, aerospace support and auxiliary equipment manufacturing, commercial aircrafts, commercial helicopters, commercial gliders and drones, aircraft turbines, aircraft engines, rocket engines , commercial aircrafts MRO services, commercial helicopters MRO services, commercial gliders and drones MRO services, aircraft turbines MRO services, aircraft engines MRO services, rocket engines MRO services , commercial radars, satellites.
Geography - The global aerospace is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America aerospace market accounts the largest share in the global Aerospace market.
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The aerospace & defense market, of which the aerospace market is a segment, consists of sales of minerals, metals and other valuable materials such as sand and gravel, coal and stone extracted from the earth’s crust by entities (organizations, sole traders and partnerships) that undertake the process of extraction.
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The aerospace market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider aerospace & defense market, and compares it with other markets.