Aviation Blockchain Market - Global Revenue Growth Expectations by 2025

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Aviation Blockchain Market - Global Revenue
Growth Expectations by 2025
According to the latest 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. Key
Market Players
Some of the major players in the aviation
blockchain Corporation (US), IBM (US),
market include Microsoft
Zamna Technologies (UK), Aeron Labs (Belize),
Winding Tree (Switzerland), Volantio Inc
(US), Filament (India), Insolar
(US), Infosys Technologies LeewayHertz
(Switzerland),

• Technologies (US), and Moog Inc. (US). These
  players provide blockchain platforms and
  solutions to various aviation companies.
• Download PDF Brochure _at_
• https//www.marketsandmarkets.com/pdfdownloadNew.a
  sp?id175218087
• Increased traceability and transparency,
  multivariate applications of blockchain, and
  reduction in cost and transactional complexities
  are some of the key drivers influencing the
  growth of the aviation blockchain market.
• 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.

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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
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). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id175218087
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