Augmented Analytics Market Top Regions, Key Players and Investments Opportunities Forecast - 2031
Augmented analytics market is anticipated to grow at a CAGR of 26.8% during the forecast period (2024-2031). Augmented analytics is used by autonomous vehicles to evaluate vast volumes of data from LiDAR, radar, and camera sensors. Augmented Analytics is integrated with many vehicle systems that deal with powertrain, infotainment, body electronics, and autonomous driving systems. Improved decision-making, efficiency, and safety are achieved by autonomous aircraft through the integration of AI and machine learning with modern data analytics. The integration of AI and advanced analytics in aircraft systems is a topic of ongoing research and contribution from several universities.
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For instance, in April 2024, Purdue University and Windracers officials introduced the Windracers ULTRA, a fixed-wing, long-range aircraft, during the official launch of the Purdue-led Center on AI for digital, autonomous, and augmented aviation. The center, called AIDA3, will test the aircraft as part of its attempts to help make autonomous unmanned aerial vehicles more scalable, safer, and efficient. Electric or hybrid vehicles, ADAS-related growth, IoT applications, government regulations, technological progressions such as 5G and Edge Computing, and additionally AI are the main driving factors in this market.
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