Aviation Blockchain Market Overview and Future Trends

1
Aviation Blockchain Market Overview and Future
Trends According to the new market research
report "Aviation Blockchain Market by End Market
(Airports, Airlines, MRO, Manufacturers,
Lessors), Application (Smart Contracts, Supply
Chain Management, Aircraft Maintenance, Cargo
Baggage Tracking), Deployment, Function, Region
- Global Forecast to 2025", The aviation
blockchain market size is expected to reach USD
1,394 million by 2025 from USD 421 million in
2019, at a CAGR of 22.1 from 2019 to 2025.
Browse Tables spread
109 market data and 32 Figures through 166 Pages
and in-depth TOC on "Aviation Blockchain Market
- Global Forecast to 2025" Increased
traceability and
transparency, applications of
multivariate blockchain,
and reduction in cost and transactional
complexities are some of the key drivers
influencing the growth of the aviation blockchain
market. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id175218087 By
end market, the airports segment is projected to
grow at the highest CAGR during the forecast
period. Increasing demand for air travel around
the world has given rise to air traffic,
greenfield and brownfield airport projects. With
the passenger traffic and number of inbound and
outbound flights growing, airports are focusing
on digitalizing and automating processes to
increase the efficiency and pace of their
operations. For example, airports are adopting
blockchain in cargo baggage tracking, passenger
identity management, and smart contract
applications. By application, the passenger
identity management segment is projected to grow
at the highest rate during the forecast
period. The passenger identity management segment
is estimated to grow at the highest CAGR during
the forecast period. The use of biometrics in the
aviation industry for passenger processing
offers opportunities to gather data for airlines
and airports. Storing
2
passenger information on blockchain for
biometrics and ID tracking/management can allow
airlines and airports to enhance their security.
The majority of passengers carry a smartphone
with them, which will easily enable them to plug
in airline apps for baggage tracking, alerts,
and request personalized services. Asia Pacific
is expected to lead the aviation blockchain
market during the forecast period. In Asia
Pacific, countries such as China, India,
Singapore, and Australia are considered for the
study. This region is estimated to lead the
aviation blockchain market in 2019. China is
projected to leads the aviation blockchain market
in Asia Pacific during the forecast period.
Blockchain helps create transparent and
decentralized business processes. Airports in
countries such as Malaysia have implemented
blockchain into their operations. For instance,
facial biometrics are used by Malaysian Airports
from booking to boarding, to identify air
passengers. The transportation and trading hubs,
such as Hong Kong and Singapore, provide
additional opportunities for the adoption of
blockchain. The presence of leading aviation
blockchain companies in Asia Pacific includes
AVINOC Ltd (Hong Kong), Infosys (India),
Quillhash Technologies (India), and SkyBuys
(Australia). Key Market Players Some of the major
players in the aviation blockchain market include
Microsoft Corporation (US), IBM (US), Zamna
Technologies (UK), Aeron Labs (Belize), Winding
Tree (Switzerland), Volantio Inc (US), Filament
(US), Infosys (India), Insolar Technologies
(Switzerland), LeewayHertz Technologies (US), and
Moog Inc. (US). These players provide blockchain
platforms and solutions to various aviation
companies. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id175218087
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
3
Contact Mr.Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441