Aviation Blockchain - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Aviation Blockchain Market is accounted for $414.10 million in 2019 and is expected to reach $1,792.48 million by 2027 growing at a CAGR of 20.1% during the forecast period. While the factors like, increased transparency and traceability, and reduced costs and transactional complexities are driving the growth of the market. However, lack of regulations and general standards is hampering the market growth.
Aviation Blockchain is resistant to conversion of the data. It is an open, distributed ledger that can record connections between two parties economically and in a verifiable and permanent way. For use as a distributed ledger, a blockchain is normally managed by a peer-to-peer network together adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which need consensus of the network majority.
Based on the application, the passenger identity management segment is estimated to have a lucrative growth owing to the use of biometrics in the aviation industry for traveller processing offers opportunities to collect data for airlines and airports.
By geography, North America is going to have a lucrative growth during the forecast period due to the growing adoption of technology by airlines and airports is one of the main factors impacting the growth rate of this region. The presence of main airports and key industry participants in the region is likely to impel the market.
Some of the key players profiled in the Aviation Blockchain Market include Zamna Technologies Limited, AVINOC Ltd, Infosys Limited, LeewayHertz, Loyyal, Microsoft Corporation, SITA, TrustaBit, Winding Tree, Aeron Labs, Volantio Inc, Sweetbridge, Inc., Skybuys, Insolar Technologies and Olistics.
• Aircraft Maintenance
• Cargo & Baggage Tracking
• Flight & Crew Data Management
• Frequent Flyer Programs
• Passenger Identity Management
• Smart Contracts
• Supply Chain Management
End Users Covered:
• Military Aviation
• Civil & Commercial Aviation
End Markets Covered:
• MRO Service Providers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance
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