Artificial Intelligence
The global market for In-Flight Catering Services is projected to reach US$22.4 billion by 2025
New York, Sept. 08, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global In-Flight Catering Services Industry” – https://www.reportlinker.com/p04838522/?utm_source=GNW
Growing competition among airliners and increased commoditization of airline services are together unleashing focus on leveraging opportunities offered by targeting underserved travelers. Food and fine dining, Wi-Fi connectivity and on-board entertainment, duty-free in-flight shopping, are few of the in-flight services gaining in popularity as new value added services capable of opening new revenue opportunities. Growing consumer demand for high quality, premium healthy food even while flying is helping boost the prominence of food and drink as vital on-board services with the potential to impact overall passenger flying service experience. Although price is one of the factors that keep passengers on international flights satisfied, studies have revealed that food is also an important factor when it comes to keeping passengers happy. Surveys that have ranked in-flight services such as cost and fees, aircraft, flight crew, check-in, boarding, immigration, baggage and reservations etc., have highlighted food and beverage as ranking on par with entertainment as key to passenger satisfaction. Airline companies are increasingly waking up to the importance of food and beverage in roping in repeat passengers and retaining customers on international routes. Airliners are building their brands in new and powerful ways by delighting customers with exquisite in-flight experiences. One of these involves offering food and beverages unique to each company`s culture.
Noteworthy factors gaining ground as important growth drivers include the growing trend of unbundling airline food services to meet diverse consumer tastes and preferences and the resulting prominence of A La Carte meals over standard meals; launch of new mobile and online meal order booking options by major airlines; growing automation and proliferation of in-flight catering management solutions; rising popularity of mini-meals and nutritious snacks for health-conscious airline travelers; robust demand for environmentally sustainable food solutions with locally sourced ingredients; effervescent innovations in onboard meal menus; robust developments in the science behind airplane food including modern cooking techniques and ground-breaking designs in airplane ovens. There is a great deal of research being conducted to understand the impact of high altitude flying on appetite. Flying at high altitudes is known to reduce appetite and hunger thus making palatable airline food a challenge for food service providers. The temporary changes in body chemistry also tend to alter the taste buds, requiring innovations in food science to confront this challenge. Spicer foods and blander beverages are often well received by passengers. “Bloody Mary”, for instance is gaining a reputation for tasting great at high altitude. Similarly, power juices, smoothies and power salads featuring good quality protein are also growing in popularity. Alaska Airlines offers a protein platter featuring Greek yogurt, almonds, seasonal fruits, a cage-free hard-boiled egg, pita bread and non-GMO turkey. The United States, Europe and whole of Asia Pacific represent large markets worldwide with a combined share of 87.4 % of the market. China ranks as the fastest growing market with a CAGR of 6.6% over the analysis period supported by improving disposable income and higher standards of living, increase in the frequency of air travel, rise in the number of high net worth individuals (HNWIs) as well as expanding base of affluent middle class population who value access to healthy, nutritious food and therefore willing to pay a premium for food. The Middle East is also emerging as a hub of international airline activity supported by airport infrastructure upgrades to meet the air travel needs of millions of Muslim pilgrims visiting the region and expansion of aircraft fleets.
Read the full report: https://www.reportlinker.com/p04838522/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
In-Flight Catering Services: A Prelude
Historical Background
Key Stakeholders
Architecture of In-Flight Catering System
In-Flight Catering Services: Providing Quality, Fresh and
Delicious Food to Air Passengers
Low Cost Carriers to Gain Greater Market Share
Economy Class Drives Market Growth
Air Passengers Exhibit Preference for Meals
In-Flight Catering: One of the Most Dynamic Segments in the
Catering Industry
Inflight Catering: Major Trends Summarized
Airline Catering: From Simple Fare Comprising Biscuits to
Elaborate Multiple Meal Option Menus
Quieter Airplanes Make it Easy to Savor In-Flight Meals
Food Services for Premium Cabins Similar to Top Restaurants on
the Ground
Advent of Cultural and Religious Diets
Complimentary and Paid Multiple-Course Meals
Popular Food, Beverage and Culinary Trends in Airline Catering
Locally Procured Food: The New Flavor of the Season
Vegetables Take Center Stage
Adding Spice to Food
Hawaiian Food Going Places
Healthier Breakfast Options
Branded Farm Produce
New Meat Cuts
Stuffed Items Gain Popularity
Signature & High Class Cocktails
Seafood
Fast Food
Packaged Popcorn
Best Coffee Onboard
Craft Beer
Seasonal Food Items for Holiday Travelers
Spices and Herbs Replace Artificial Additives and Salt
Foods from Home/Destination Country
Nutritious Food Onboard: A Major Attraction for Health
Conscious Customers
Few Other Airline Food & Catering Trends in a Nutshell
All Things Significant about Food Served in Flights across the
World
Major Aspects of Aircraft Food
Emerging Economies to Propel Future Growth in In-Flight
Catering Services Market
Economic and Demographic Fundamentals Support Market Growth
Global Economic Outlook: Real GDP Growth Rates in % by Country/
Region for the Years 2018 through 2020
Fastest Growing Economies Worldwide over the Period 2016-2050:
Annual Average Real GDP Growth (%) for Select Developing
Economies
Major Market Challenges Summarized
Competitive Landscape
In-Flight Catering Services: An Intensely Competitive Marketplace
In-Flight Catering Services Competitor Market Share Scenario
Worldwide (in %): 2019
gategroup and LSG Sky Chefs: Two Global Leading In-Flight Caterers
Leading Airlines for In-Flight Meals
British Airways: Managing Growing Competition through Novel
Offerings
Emirates Group: Transforming from a Regional Leader to a
Globally Recognized Brand
Cathay Pacific?s New Catering Model for Business Class
Passengers Speeds up Service
Airport Catering Services Market Continues to Witness M&A Activity
gategroup?s Acquisition of LSG?s European Operations: A Major
Development in Airline Catering Market
Major Mergers and Acquisitions in In-Flight Catering Market:
(2010-2019)
Partnerships between In-Flight Catering Companies and Airlines
on the Rise
Strategies Adopted by Leading Airlines/Catering Service Providers
In-Flight Meal Experience Plays Major Role in Airline Branding
Matching Consumer Expectations: Difficult but Essential
Airlines Strike Balance between Catering Costs and Brand Image
Airlines Extend Premium-Quality Foods to Non-First Class
Passengers
Large Airlines Focus on Lean Operations, Shed Catering Units
Novel Concepts in Production, Material & Process Management
Regulatory Forces Keep Close Watch
Catering & Logistics: The Most Essential Combination for Caterers
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Abby?s Catering (USA)
AAS Catering Co., Ltd. (Japan)
ANA Catering Service Co., Ltd. (Japan)
Brahim?s SATS Food Services Sdn Bhd (Malaysia)
Cathay Pacific Catering Services (H.K.) Ltd. (Hong Kong)
DO & CO Restaurants & Catering AG (Austria)
dnata (UAE)
Emirates Flight Catering Co., LLC (UAE)
Flying Food Group, LLC (USA)
gategroup Holding AG (Switzerland)
Servair SA (France)
KLM Catering Services Schiphol BV (The Netherlands)
LSG Lufthansa Service Holding AG (Germany)
LSG Sky Chefs (Germany)
Newrest Group International S.A.S (France)
On Air Dining Ltd. (UK)
Royal In-Flight Catering Co., Ltd. (Japan)
Saudi Airlines Catering Company (Saudi Arabia)
SATS Limited (Singapore)
TajSATS Air Catering Limited (India)
3. MARKET TRENDS & DRIVERS
Surge in Air Travel and the Corresponding Increase in Passenger
Traffic Drive Healthy Growth in Demand for In-Flight Catering
Services
Annual Air Passenger Traffic (in Millions) Worldwide by
Country: 2010-2018
Global Passenger Air Traffic Revenues (in US$ Billion): 2010-2019
Global Annual Air Traffic in Trillion RPK (Revenue Passenger
Kilometer) for the Period 1975 to 2038
Projected Growth in Global Airline Traffic (RPK) by Geographic
Region: 2018-2038
Stable Commercial Aviation Outlook Signals Growth Opportunities
for Airline Catering
Global Commercial Aircraft Fleet Projections: Breakdown of
Fleet (in Units) by Region for 2018 and 2038
Ground Handling Services: The Backbone of In-Flight Catering
Growing International Tourism and Consequent Rise in Air Travel
to Benefit In-Flight Catering Market
Europe Captures Largest Share of International Tourist
Arrivals: Breakdown of International Tourist Arrivals (in %)
by Region for 2018
Air Travel Dominates International Tourism Industry: Breakdown
of Tourism Market (in %) by Mode of Transportation for 2000
and 2018
Booming Outbound Travels of Chinese Millennial Population to
Benefit Growth Prospects for In-Flight Catering
Top Spenders Worldwide on Outbound Travel: Breakdown of Travel
Expenditure (US$ Billion) by Country for 2018
Increasing Pressure to Reduce Costs Favor In-flight Catering
Outsourcing
Shift from Complimentary Meals to ?Buy on Board? Transforms In
-Flight Catering from Free Service Offering to a Revenue Model
Low-Cost Carriers Boost the ?Buy on Board? Segment of Travel
Retail
Local Touch to Buy-On-Board Catering
Culturally Diverse Food Preferences Spur Growth in Demand for
Special Meals
Mobile-Based Ordering and Pre-Ordering Takes Off
Pre-ordered Meals at Airport Restaurants
Pre-Ordered Meals before Flights
Paid Pre-order Meals Still Not Flying
Dietary Restrictions and Food Allergies: The Main
Considerations for Airlines When Deciding Menus
Demand Surges for Healthy and High Quality Food
Mini Meals: The Latest Fad for the Health Conscious Airline
Traveler
Rising Airline-Hotel Collaborations Benefit Market Prospects
Enduring Trend of Environmental Sustainability Augurs Well for
Long Term Growth of In-Flight Catering
Air Travel Plastic Waste Increasing Steadily: A Major Concern
Use of Plastic in In-Flight Catering Raises Carbon Emission
Concerns
Major Airlines Undertake Sustainability Initiatives to Address
Climate Change
Focus on Environmental Conservation and Cabin Waste Reduction
Influence Packaging of Inflight Meals
Innovative Airline Amenity Ideas from PriestmanGoode
Edible Cups of Air New Zealand
SAS Unveils New, Sustainable Packaging of New Nordic Food Concept
SunExpress Germany Offers Meals in Recyclable, Bio-packaging
SIA Embarking on New Onboard Sustainability Initiatives
The Bring-your-Own-Cup Trend Catching Up in the Air Travel
Industry
Airlines Caterers Prepare to Meet Challenges Posed by
Increasing Numbers of Aging Air Travelers
Breakdown of Number of People Aged 65+ Years in Million by
Geographic Region for the Years 2019 and 2030
Emerging Middle Class & Rapid Urbanization: Megatrends Driving
Air Travel & Airline Catering
Global Middle Class Population (In Million) by Region for the
Years 2020, 2025 and 2030
Global Middle Class Spending (US$ Trillion) by Region for the
Years 2020, 2025, 2030
Middle Class Households as a Percentage (%) of Total Households
for Select Countries: 2008, 2018, 2024, 2030, 2036
World Urban Population in Thousands: 1950-2050P
Degree of Urbanization Worldwide: Urban Population as a % of
Total Population by Geographic Region for the Years 1950,
1970, 1990, 2018, 2030 and 2050
Innovations, Advancements and Service Enhancements
The Vertical Farm of Emirates
Lufthansa?s Astronauts? Meals
Airborne Cooking Robot
Data Science and Artificial Intelligence by Airlines for
Improved Food Supply and Sales
Sous-Vide Cooking Process from Cuisine Solutions
On-Demand Food Service for Enhanced Travel Experience
Meal Ordering Devices (MODs) for Taking Orders
Automated In-Flight Catering Management Solutions
Hybrid Model: The Next Big Thing in Airline Catering
Food Trucks
Onboard Picnic Services
Deep Frozen Meals
Key Challenges Facing In-Flight Catering Market
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for In-Flight Catering
Services by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027
Table 2: World Historic Review for In-Flight Catering Services
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 3: World 15-Year Perspective for In-Flight Catering
Services by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2020 & 2027
Table 4: World Current & Future Analysis for Economy Class by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 5: World Historic Review for Economy Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 6: World 15-Year Perspective for Economy Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 7: World Current & Future Analysis for Business Class by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 8: World Historic Review for Business Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 9: World 15-Year Perspective for Business Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 10: World Current & Future Analysis for First Class by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 11: World Historic Review for First Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 12: World 15-Year Perspective for First Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 13: World Current & Future Analysis for Full Service by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 14: World Historic Review for Full Service by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 15: World 15-Year Perspective for Full Service by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 16: World Current & Future Analysis for Low Cost by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 17: World Historic Review for Low Cost by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 18: World 15-Year Perspective for Low Cost by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 19: World Current & Future Analysis for Meals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 20: World Historic Review for Meals by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 21: World 15-Year Perspective for Meals by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 22: World Current & Future Analysis for Bakery &
Confectionery by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027
Table 23: World Historic Review for Bakery & Confectionery by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 24: World 15-Year Perspective for Bakery & Confectionery
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 25: World Current & Future Analysis for Beverages by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 26: World Historic Review for Beverages by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 27: World 15-Year Perspective for Beverages by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 28: World Current & Future Analysis for Other Food Types
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 29: World Historic Review for Other Food Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 30: World 15-Year Perspective for Other Food Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
In-flight Catering Services Market in the US: Poised for Stable
Growth
Improving Commercial Aviation Sector to Benefit Demand Prospects
Annual Air Passenger Traffic (Millions) in the US: 2010-2018
Increasingly Choosy Food Habits of Air Travelers Drive Growth
in the Matured US Market
In-Flight Food Takes the Healthy Route
Willingness of Consumers to Pay Extra for On-Board Meals Bodes
Well for the Market
North American Airlines Adopt New Approach towards In-Flight Food
Lean Manufacturing Leads the Way
In-Fight Catering: Localization and Personalization Assumes
Importance
DIY Catering Comes to Rescue in Remote Locations
Lack of Adequate Safety Precautions in Airline: A Major Cause
of Concern
Market Analytics
Table 31: USA Current & Future Analysis for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class – Independent Analysis of Annual Sales in US$
Billion for the Years 2020 through 2027
Table 32: USA Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2012 through 2019
Table 33: USA 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 34: USA Current & Future Analysis for In-Flight Catering
Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 35: USA Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 36: USA 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 37: USA Current & Future Analysis for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 38: USA Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Billion for Years 2012 through 2019
Table 39: USA 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
CANADA
Healthy Rise in Air Passenger Traffic Fuels Market Growth
Annual Air Passenger Traffic (Millions) in Canada: 2010-2018
Market Analytics
Table 40: Canada Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 41: Canada Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 42: Canada 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 43: Canada Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 44: Canada Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 45: Canada 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 46: Canada Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 47: Canada Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 48: Canada 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
JAPAN
Growing Preference for Culture-Specific Meals Sustain Market
Growth
Annual Air Passenger Traffic (Millions) in Japan: 2010-2018
Market Analytics
Table 49: Japan Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 50: Japan Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2012 through 2019
Table 51: Japan 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 52: Japan Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 53: Japan Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 54: Japan 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 55: Japan Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 56: Japan Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Billion for Years 2012 through 2019
Table 57: Japan 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
CHINA
Surging Demand for Air Travel Spurs Growth in Chinese In-Flight
Catering Services
Annual Air Passenger Traffic (Millions) in China: 2010-2018
Rapid Market Development Results in Fierce Competition
Strategies to Drive Growth in China?s In-Flight Catering Market
Reducing Cost of Catering Operations
Local Characteristics, Chinese-Style Catering
Creating Healthy and Safety Atmosphere for Aviation Compound Food
Developing People-Oriented Service with Focus on Tourists
Market Analytics
Table 58: China Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 59: China Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2012 through 2019
Table 60: China 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 61: China Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 62: China Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 63: China 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 64: China Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 65: China Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Billion for Years 2012 through 2019
Table 66: China 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
EUROPE
Growing Demand for New Airplanes to Benefit Market Growth
Annual Air Passenger Traffic (Millions) in Select European
Countries: 2010-2018
Commercial Aircraft Projections in Europe: Breakdown of Fleet
(Units) by Type for 2018 and 2038
European Airlines Offer Buy-On-Board Services
Impact of Reorganized EU VAT System on In-Flight Catering
Services in Europe
Market Analytics
Table 67: Europe Current & Future Analysis for In-Flight
Catering Services by Geographic Region – France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 68: Europe Historic Review for In-Flight Catering
Services by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 69: Europe 15-Year Perspective for In-Flight Catering
Services by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2012, 2020 & 2027
Table 70: Europe Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 71: Europe Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 72: Europe 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 73: Europe Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 74: Europe Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 75: Europe 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 76: Europe Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 77: Europe Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 78: Europe 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
FRANCE
Table 79: France Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 80: France Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 81: France 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 82: France Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 83: France Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 84: France 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 85: France Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 86: France Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 87: France 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
GERMANY
Table 88: Germany Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 89: Germany Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 90: Germany 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 91: Germany Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 92: Germany Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 93: Germany 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 94: Germany Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
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Artificial Intelligence
IBM, Government of Canada, Government of Quebec Sign Agreements to Strengthen Canada’s Semiconductor Industry
Up to $187M CAD to be invested to progress expansion of chip packaging capacity and capabilities and to strengthen R&D at IBM Canada’s Bromont plant
BROMONT, QC, April 26, 2024 /PRNewswire/ — IBM (NYSE: IBM), the Government of Canada, and the Government of Quebec today announced agreements that will strengthen Canada’s semiconductor industry, and further develop the assembly, testing and packaging (ATP) capabilities for semiconductor modules to be used across a wide range of applications including telecommunications, high performance computing, automotive, aerospace & defence, computer networks, and generative AI, at IBM Canada’s plant in Bromont, Quebec. The agreements reflect a combined investment valued at approximately $187M CAD.
“Today’s announcement is a massive win for Canada and our dynamic tech sector. It will create high-paying jobs, invest in innovation, strengthen supply chains, and help make sure the most advanced technologies are Canadian-made. Semiconductors power the world, and we’re putting Canada at the forefront of that opportunity,” said the Right Honourable Justin Trudeau, Prime Minister of Canada
In addition to the advancement of packaging capabilities, IBM will be conducting R&D to develop methods for scalable manufacturing and other advanced assembly processes to support the packaging of different chip technologies, to further Canada’s role in the North American semiconductor supply chain and expand and anchor Canada’s capabilities in advanced packaging.
The agreements also allow for collaborations with small and medium-sized Canadian-based enterprises with the intent of fostering the development of a semiconductor ecosystem, now and into the future.
“IBM has long been a leader in semiconductor research and development, pioneering breakthroughs to meet tomorrow’s challenges. With the demand for compute surging in the age of AI, advanced packaging and chiplet technology is becoming critical for the acceleration of AI workloads,” said Darío Gil, IBM Senior Vice President and Director of Research. “As one of the largest chip assembly and testing facilities in North America, IBM’s Bromont facility will play a central role in this future. We are proud to be working with the governments of Canada and Quebec toward those goals and to build a stronger and more balanced semiconductor ecosystem in North America and beyond.”
IBM Canada’s Bromont plant is one of North America’s largest chip assembly and testing facilities, having operated in the region for 52 years. Today, the facility transforms advanced semiconductor components into state-of-the-art microelectronic solutions, playing a key role in IBM’s semiconductor R&D leadership alongside IBM’s facilities at the Albany NanoTech Complex and throughout New York’s Hudson Valley. These agreements will help to further establish a corridor of semiconductor innovation from New York to Bromont.
“Advanced packaging is a crucial component of the semiconductor industry, and IBM Canada’s Bromont plant has led the world in this process for decades,” said Deb Pimentel, president of IBM Canada. “Building upon IBM’s 107-year legacy of technology innovation and R&D in Canada, the Canadian semiconductor industry will now become even stronger, allowing for robust supply chains and giving Canadians steady access to even more innovative technologies and products. This announcement represents just one more example of IBM’s leadership and commitment to the country’s technology and business landscape.”
Chip packaging, the process of connecting integrated circuits on a chip or circuit board, has become more complex as electronic devices have shrunk and the components of chips themselves get smaller and smaller. IBM announced the world’s first 2 nanometer chip technology in 2021 and, as the semiconductor industry moves towards new methods of chip construction, advances in packaging will grow in importance.
“Semiconductors are part of our everyday life. They are in our phones, our cars, and our appliances. Through this investment, we are supporting Canadian innovators, creating good jobs, and solidifying Canada’s semiconductor industry to build a stronger economy. Canada is set to play a larger role in the global semiconductor industry thanks to projects like the one we are announcing today. Because, when we invest in semiconductor and quantum technologies, we invest in economic security.” — The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
“This investment by IBM in Bromont will ensure that Quebec continues to stand out in the field of microelectronics. An increase in production capacity will solidify Quebec’s position in the strategic microelectronics sector in North America.” — The Honourable Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister responsible for Regional Economic Development and Minister responsible for the Metropolis and the Montreal region
About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in semiconductors, AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media ContactLorraine BaldwinIBM [email protected]
Willa HahnIBM [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/ibm-government-of-canada-government-of-quebec-sign-agreements-to-strengthen-canadas-semiconductor-industry-302128212.html
Artificial Intelligence
HITACHI ACQUIRES MA MICRO AUTOMATION OF GERMANY IN EFFORT TO ACCELERATE GLOBAL EXPANSION OF ROBOTIC SI BUSINESS IN THE MEDICAL AND OTHER FIELDS
HOLLAND, Mich., April 26, 2024 /PRNewswire/ — Hitachi Ltd. (TSE: 6501, “Hitachi”) has signed a stock purchase agreement on April 26 to acquire all shares of MA micro automation GmbH (“MA micro automation”, headquartered in St. Leon-Rot, Germany) from MAX Management GmbH (a subsidiary of MAX Automation SE). MA micro automation is a leading provider of robotic and automation technology (robotic SI) including high-speed linear handling systems, high-precision assembly lines, and high-speed vision inspection technology for Europe, North America, and Southeast Asia, for EUR 71.5M million. The transaction is expected to close in the second half of 2024, pending completion of the customary regulatory filings. After the acquisition is completed, MA micro automation will join JR Automation Technologies, LLC (“JR Automation”), a market leader in providing advanced automation solutions and digital technologies in the robotic system integration business for North America, Europe, and Southeast Asia as a continued effort to expand the company’s global presence.
MA micro automation is a technology leader for automation solutions within micro-assembly. Through its state-of-the-art proprietary high-speed and high-precision automation know-how, combined with unique optical image inspection capabilities, MA micro automation serves high-growth med-tech automation end-markets, covering the production, assembly, and testing medical and optical components including contact lenses, IVD and diabetes diagnostics consumables, and injection molding for medical use. The company was established in 2003 through a carve-out from Siemens*1 and since 2013 has been part of the MAX Automation group.
JR Automation is a leading provider of intelligent automated manufacturing technology solutions, serving customers across the globe in a variety of industries including automotive, life sciences, e-mobility, consumer and industrial products. With over 20 locations between North America, Europe, and Southeast Asia, the leading integrator offers nearly 2 million square feet (185,806 sq. m) of available build and engineering floorspace. This acquisition allows JR Automation to further grow and strengthen both the company’s geographical footprint and their continued commitment on expanding support capabilities within the European region and medical market vertical.
“MA micro automation provides engineering, build and support expertise with established capabilities in complex vision applications, high-speed and high-precision automation technologies. When integrated with JR Automation’s uniform global process and digital technologies, this partnership will further enhance our ability to deliver added value and support to all of our customers worldwide and continue to grow our capabilities in the medical market,” says Dave DeGraaf, CEO of JR Automation. “As we integrate this new dimension, impressive talents and abilities of the MA micro automation team we further enhance our ability to serve our customers, creating a more robust and globally balanced offering.”
With this acquisition, Hitachi aims to further enhance its ability to provide a “Total Seamless Solution*2” to connect manufacturer’s factory floors seamlessly and digitally with their front office data, allowing them to achieve total optimization and bringing Industry 4.0 to life. This “Total Seamless Solution” strategy links organizations’ operational activities such as engineering, supply chain, and purchasing to the plant floor and allows for real time, data-driven decision-making that improves the overall business value for customers.
Kazunobu Morita, Vice President and Executive Officer, CEO of Industrial Digital Business Unit, Hitachi, Ltd. says, “We are very pleased to welcome MA micro automation to the Hitachi Group. The team is based in Europe, providing robotic SI to global medical device manufacturing customers with its high technological capabilities and will join forces with JR Automation and Hitachi Automation to strengthen our global competitiveness. Hitachi aims to enhance its ability to provide value to customers and grow alongside them by leveraging its strengths in both OT, IT, including robotic SI, and “Total Seamless Solution” through Lumada*3’s customer co-creation framework.”
Joachim Hardt, CEO MA micro automation GmbH says, “Following the successful establishment and growth of MA micro automation within the attractive automation market for medical technology products, we are now opening a new chapter. Our partnership with Hitachi will not only strengthen our global competitive position, but we will also benefit from joint technological synergies and a global market presence. We look forward to a synergistic partnership with Hitachi and JR Automation.”
Outline of MA micro automation
Name
MA micro automation GmbH
Head Office
St. Leon-Rot, Germany
Representative
Joachim Hardt (CEO)
Outline of Business
Automation solutions within micro-assembly
Total no. of Employees:
Approx. 200 (As of April 2024)
Founded
2003
Revenues (2023)
€ 46.5 million
Website
*1
“Siemens” is a registered trademark or trademark of Siemens Trademark GmbH & Co. KG in the U.S. and other countries.
*2
“Total Seamless Solution” is a registered trademark of Hitachi, Ltd. in the U.S. and Japan.
*3
Lumada: A collective term for solutions, services and technologies based on Hitachi’s advanced digital technologies for creating value from customers’ data accelerating digital innovation. https://www.hitachi.com/products/it/lumada/global/en/index.html
About JR AutomationEstablished in 1980, JR Automation is a leading provider of intelligent automated manufacturing technology solutions that solve customers’ key operational and productivity challenges. JR Automation serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace, and more.
In 2019, JR Automation was acquired by Hitachi, Ltd. In a strategic effort towards offering a seamless connection between the physical and cyber space for industrial manufacturers and distributers worldwide. With this partnership, JR Automation provides customers a unique, single-source solution for complete integration of their physical assets and data information, offering greater speed, flexibility, and efficiencies towards achieving their Industry 4.0 visions. JR Automation employs over 2,000 people at 21 manufacturing facilities in North America, Europe, and Asia. For more information, please visit www.jrautomation.com.
About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
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Artificial Intelligence
$10 million Artificial Intelligence Mathematical Olympiad Prize appoints further advisory committee members
D. Sculley, Kevin Buzzard, Leo de Moura, Lester Mackey and Peter J. Liu appointed to the advisory committee for the Artificial Intelligence Mathematical Olympiad Prize.
LONDON, April 26, 2024 /PRNewswire/ — XTX Markets’ newly created Artificial Intelligence Mathematical Olympiad Prize (‘AIMO Prize’) is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).
XTX Markets is delighted to announce the appointment of five further advisory committee members. This group brings great expertise in machine learning, including D. Sculley, the CEO of Kaggle; Lester Mackey, a Principal Researcher at Microsoft Research and a Macarthur Fellow; and Peter J. Liu, a research scientist at Google DeepMind.
Prolific mathematicians Kevin Buzzard, who achieved a perfect score in the International Mathematical Olympiad, and Leo De Moura who is the Chief Architect for Lean, the automated reasoning tool, also join the advisory group.
They join the existing advisory committee members Terence Tao and Timothy Gowers, both winners of the Fields Medal, as well as Dan Roberts, Geoff Smith and Po-Shen Loh.
The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
Simon Coyle, Head of Philanthropy at XTX Markets, commented:
“We are thrilled to complete the AIMO Advisory Committee with the appointments of D., Kevin, Leo, Lester and Peter. Together, they have enormous experience in machine learning and automated reasoning and are already bringing expertise and wisdom to the AIMO Prize. We look forward to announcing the winners of the AIMO’s first Progress Prize soon, and then publicly sharing the AI models to support the open and collaborative development of AI.”
Further information on the AIMO Prize
There will be a grand prize of $5mn for the first publicly shared AI model to enter an AIMO approved competition and perform at a standard equivalent to a gold medal in the IMO. There will also be a series of progress prizes, totalling up to $5mn, for publicly shared AI models that achieve key milestones towards the grand prize.
The first AIMO approved competition opened to participants in April 2024 on the Kaggle competition platform. The first progress prize focuses on problems pitched at junior and high-school level maths competitions. There is a total prize pot of $1.048m for the first progress prize, of which at least $254k will be awarded in July 2024, There will be a presentation of progress held in Bath, England in July 2024, as part of the 65th IMO.
For more information on the AIMO Prize visit: https://aimoprize.com/ or the competition page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/
Advisory Committee member profiles:
D. Sculley
D. is the CEO at Kaggle. Prior to joining Kaggle, he was a director at Google Brain, leading research teams working on robust, responsible, reliable and efficient ML and AI. In his career in ML, he has worked on nearly every aspect of machine learning, and has led both product and research teams including those on some of the most challenging business problems. Some of his well-known work involves ML technical debt, ML education, ML robustness, production-critical ML, and ML for scientific applications such as protein design.
Kevin Buzzard
Kevin a professor of pure mathematics at Imperial College London, specialising in algebraic number theory. As well as his research and teaching, he has a wide range of interests, including being Deputy Head of Pure Mathematics, Co-Director of a CDT and the department’s outreach champion. He is currently focusing on formal proof verification, including being an active participant in the Lean community. From October 2024, he will be leading a project to formalise a 21st century proof of Fermat’s Last Theorem. Before joining Imperial, some 20 years ago, he was a Junior Research Fellow at the University of Cambridge, where he had previously been named ‘Senior Wrangler’ (the highest scoring undergraduate mathematician). He was also a participant in the International Mathematical Olympiad, winning gold with a perfect score in 1987. He has been a visitor at the IAS in Princeton, a visiting lecturer at Harvard, has won several prizes both for research and teaching, and has given lectures all over the world.
Leo de Moura
Leo is a Senior Principal Applied Scientist in the Automated Reasoning Group at AWS. In his spare time, he dedicates himself to serving as the Chief Architect of the Lean FRO, a non-profit organization that he proudly co-founded alongside Sebastian Ullrich. He is also honoured to hold a position on the Board of Directors at the Lean FRO, where he actively contributes to its growth and development. Before joining AWS in 2023, he was a Senior Principal Researcher in the RiSE group at Microsoft Research, where he worked for 17 years starting in 2006. Prior to that, he worked as a Computer Scientist at SRI International. His research areas are automated reasoning, theorem proving, decision procedures, SAT and SMT. He is the main architect of several automated reasoning tools: Lean, Z3, Yices 1.0 and SAL. Leo’s work in automated reasoning has been acknowledged with a series of prestigious awards, including the CAV, Haifa, and Herbrand awards, as well as the Programming Languages Software Award by the ACM. Leo’s work has also been reported in the New York Times and many popular science magazines such as Wired, Quanta, and Nature News.
Lester Mackey
Lester Mackey is a Principal Researcher at Microsoft Research, where he develops machine learning methods, models, and theory for large-scale learning tasks driven by applications from climate forecasting, healthcare, and the social good. Lester moved to Microsoft from Stanford University, where he was an assistant professor of Statistics and, by courtesy, of Computer Science. He earned his PhD in Computer Science and MA in Statistics from UC Berkeley and his BSE in Computer Science from Princeton University. He co-organized the second place team in the Netflix Prize competition for collaborative filtering; won the Prize4Life ALS disease progression prediction challenge; won prizes for temperature and precipitation forecasting in the yearlong real-time Subseasonal Climate Forecast Rodeo; and received best paper, outstanding paper, and best student paper awards from the ACM Conference on Programming Language Design and Implementation, the Conference on Neural Information Processing Systems, and the International Conference on Machine Learning. He is a 2023 MacArthur Fellow, a Fellow of the Institute of Mathematical Statistics, an elected member of the COPSS Leadership Academy, and the recipient of the 2023 Ethel Newbold Prize.
Peter J. Liu
Peter J. Liu is a Research Scientist at Google DeepMind in the San Francisco Bay area, doing machine learning research with a specialisation in language models since 2015 starting in the Google Brain team. He has published and served as area chair in top machine learning and NLP conferences such as ICLR, ICML, NEURIPS, ACL and EMNLP. He also has extensive production experience, including launching the first deep learning model for Gmail Anti-Spam, and using neural network models to detect financial fraud for top banks. He has degrees in Mathematics and Computer Science from the University of Toronto.
About XTX Markets:
XTX Markets is a leading financial technology firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX is consistently a top 5 liquidity provider globally in FX (Euromoney 2018-present) and is also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt FY: 2020-2023).
The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.
In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all.
View original content:https://www.prnewswire.co.uk/news-releases/10-million-artificial-intelligence-mathematical-olympiad-prize-appoints-further-advisory-committee-members-302128542.html
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