Global aviation blockchain market likely to propel due to the blockchain reduced costs and transactional complexities and help in increased transparency and traceability
The global aviation blockchain market size was valued at USD 398.37 Million in 2019 and projected to reach USD 1744.82 Million by 2027, registering a CAGR of 17.43% during the forecast period 2020-2027. The primary factors are growing demand for air travel around the globe to address the rising air passenger traffic and boosting greenfield & brownfield airport projects. Additionally, the surge in the applications of blockchain to reduce maintenance costs improved passenger experience, improved traceability & transparency of operations, and reduction in transactional complexities will spur the growth of the global aviation blockchain market in the projected periods. Moreover, the growing demand for blockchain to the removal of the risk of fraud, fast transaction settlements, and establishment of consortium and association are vital factors expected to boom the growth of the global aviation blockchain industry.
Airlines have a significant responsibility to protect passenger information, flight manifests, and information of all flight members. Blockchain technology is highly resistant to hacker attacks and can be accessed through authorized access to provide a lower risk solution for storing data and sharing information. Furthermore, the upsurge in demand for blockchain to provide a real-time snapshot of the condition from the assembly line to the retirement of the fleet will augment the aviation blockchain industry in the next few years. Flight data problem-passengers often get conflicting information because the data is stored on different islands. Blockchain technology provides the only true source of information for flight data; it can save passengers a lot of time, effort, and money. Also, the increasing usages of blockchain technology in the aviation industry for superior protection against cyber threats, tracing defense contracts, and creating secure government portals are anticipated to influence the growth of the aviation blockchain market in the forecast span time.
Deployment Type Overview in the Global Aviation Blockchain Market
Based on the deployment type, the global aviation blockchain market classified into Public, Private, and Hybrid. The Hybrid segment likely to lead the market by 2027, owing to hybrid facilitate the operations of airlines & airports, which, in turn, will resolve multiple data management issues along with security.
Function Overview in the Global Aviation Blockchain market
Based on function, the global aviation blockchain market bifurcates into Record-Keeping and Transactions. The record-keeping segment witnessed the largest market share in 2019 and will dominate by 2027. It is owing to it provides details of flight changes or cancellations and ensure that all data regarding the status of engines or other components are up-to-date and safely shared by all parties involved.
Application Overview in the Global Aviation Blockchain Market
Based on application, the global aviation blockchain market segregated into smart contracts, passenger identity management, frequent flyer programs, supply chain management, aircraft maintenance, and cargo & baggage tracking. The passenger identity management projected to lead the market by 2027. It is due to blockchain help in storing passenger information for biometrics and id tracking/management.
End-User Overview in the Global Aviation Blockchain Market
Based on end-user, the global aviation blockchain market categorized into Airports, Airlines, MRO, Manufacturers, and Lessors. The Airports segment will capture a higher market share by 2027, owing to the growing demand for air travel around the world leads to the rise to air traffic.
Regional Overview in the Global Aviation Blockchain Market
By geography, the Global Aviation Blockchain Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America held a higher market share in 2019 and will continue its dominance by 2027. It is attributable to the presence of major airports in this region, along with the growing adoption of blockchain by airlines, airports, and MRO service providers in this region.
Global Aviation Blockchain Market: Competitive Landscape
Companies such as Microsoft Corporation, IBM, Zamna Technologies, Aeron Labs, Winding Tree, Volantio Inc, Filament, Accenture PLC, Infosys, Insolar Technologies, Leewayhertz Technologies, and Moog Inc. are the key players in the global aviation blockchain market.
Global Aviation Blockchain Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Technological Landscape 4.3. Competitors & Product Analysis 4.4. Regulatory Framework 4.5. Company market share analysis, 2019 4.6. Porter's Five forces analysis 4.7. New Investment Analysis 4.8. PESTEL Analysis 5. Global Aviation Blockchain Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Deployment 5.2.1.1. Public 5.2.1.2. Private 5.2.1.3. Hybrid 5.2.2. By Function 5.2.2.1. Record-Keeping 5.2.2.2. Transactions 5.2.3. By Application 5.2.3.1. Smart Contracts 5.2.3.2. Passenger Identity Management 5.2.3.3. Frequent Flyer Programs 5.2.3.4. Supply Chain Management 5.2.3.5. Aircraft Maintenance 5.2.3.6. Cargo & Baggage Tracking 5.2.3.7. Others 5.2.4. By End User 5.2.4.1. Airports 5.2.4.2. Airlines 5.2.4.3. MRO 5.2.4.4. Manufacturers 5.2.4.5. Lessor 5.2.5. By Vertical 5.2.5.1. Civil & Commercial 5.2.5.2. Military 5.2.6. By Region 5.2.6.1. North America 5.2.6.2. Europe 5.2.6.3. Asia Pacific 5.2.6.4. South America 5.2.6.5. Middle East & Africa 6. North America Aviation Blockchain Market Overview 6.1. North America Aviation Blockchain Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Aviation Blockchain Market Share & Forecast, 2016-2027 6.2.1. By Deployment 6.2.1.1. Public 6.2.1.2. Private 6.2.1.3. Hybrid 6.2.2. By Function 6.2.2.1. Record-Keeping 6.2.2.2. Transactions 6.2.3. By Application 6.2.3.1. Smart Contracts 6.2.3.2. Passenger Identity Management 6.2.3.3. Frequent Flyer Programs 6.2.3.4. Supply Chain Management 6.2.3.5. Aircraft Maintenance 6.2.3.6. Cargo & Baggage Tracking 6.2.3.7. Others 6.2.4. By End User 6.2.4.1. Airports 6.2.4.2. Airlines 6.2.4.3. MRO 6.2.4.4. Manufacturers 6.2.4.5. Lessor 6.2.5. By Vertical 6.2.5.1. Civil & Commercial 6.2.5.2. Military 6.2.6. By Country 6.2.6.1. US 6.2.6.2. Canada 6.2.6.3. Mexico 6.2.7. Company Market Share (Top 3-5) 6.2.8. Economic Impact Study on North America Aviation Blockchain Market 7. Europe Aviation Blockchain Market Overview 7.1. Europe Aviation Blockchain Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Aviation Blockchain Market Share & Forecast, 2016-2027 7.2.1. By Deployment 7.2.1.1. Public 7.2.1.2. Private 7.2.1.3. Hybrid 7.2.2. By Function 7.2.2.1. Record-Keeping 7.2.2.2. Transactions 7.2.3. By Application 7.2.3.1. Smart Contracts 7.2.3.2. Passenger Identity Management 7.2.3.3. Frequent Flyer Programs 7.2.3.4. Supply Chain Management 7.2.3.5. Aircraft Maintenance 7.2.3.6. Cargo & Baggage Tracking 7.2.3.7. Others 7.2.4. By End User 7.2.4.1. Airports 7.2.4.2. Airlines 7.2.4.3. MRO 7.2.4.4. Manufacturers 7.2.4.5. Lessor 7.2.5. By Vertical 7.2.5.1. Civil & Commercial 7.2.5.2. Military 7.2.6. By Country 7.2.6.1. Germany 7.2.6.2. UK 7.2.6.3. France 7.2.6.4. Italy 7.2.6.5. Rest of Europe 7.2.7. Company Market Share (Top 3-5) 7.2.8. Economic Impact Study on Europe Aviation Blockchain Market 8. Asia Pacific Aviation Blockchain Market Overview 8.1. Asia Pacific Aviation Blockchain Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Aviation Blockchain Market Share & Forecast, 2016-2027 8.2.1. By Deployment 8.2.1.1. Public 8.2.1.2. Private 8.2.1.3. Hybrid 8.2.2. By Function 8.2.2.1. Record-Keeping 8.2.2.2. Transactions 8.2.3. By Application 8.2.3.1. Smart Contracts 8.2.3.2. Passenger Identity Management 8.2.3.3. Frequent Flyer Programs 8.2.3.4. Supply Chain Management 8.2.3.5. Aircraft Maintenance 8.2.3.6. Cargo & Baggage Tracking 8.2.3.7. Others 8.2.4. By End User 8.2.4.1. Airports 8.2.4.2. Airlines 8.2.4.3. MRO 8.2.4.4. Manufacturers 8.2.4.5. Lessor 8.2.5. By Vertical 8.2.5.1. Civil & Commercial 8.2.5.2. Military 8.2.6. By Country 8.2.6.1. China 8.2.6.2. India 8.2.6.3. Japan 8.2.6.4. Australia 8.2.6.5. Rest of Asia Pacific 8.2.7. Company Market Share (Top 3-5) 8.2.8. Economic Impact Study on Asia Pacific Aviation Blockchain Market 9. South America Aviation Blockchain Market Overview 9.1. South America Aviation Blockchain Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Aviation Blockchain Market Share & Forecast, 2016-2027 9.2.1. By Deployment 9.2.1.1. Public 9.2.1.2. Private 9.2.1.3. Hybrid 9.2.2. By Function 9.2.2.1. Record-Keeping 9.2.2.2. Transactions 9.2.3. By Application 9.2.3.1. Smart Contracts 9.2.3.2. Passenger Identity Management 9.2.3.3. Frequent Flyer Programs 9.2.3.4. Supply Chain Management 9.2.3.5. Aircraft Maintenance 9.2.3.6. Cargo & Baggage Tracking 9.2.3.7. Others 9.2.4. By End User 9.2.4.1. Airports 9.2.4.2. Airlines 9.2.4.3. MRO 9.2.4.4. Manufacturers 9.2.4.5. Lessor 9.2.5. By Vertical 9.2.5.1. Civil & Commercial 9.2.5.2. Military 9.2.6. By Country 9.2.6.1. Brazil 9.2.6.2. Argentina 9.2.6.3. Rest of South America 9.2.7. Company Market Share (Top 3-5) 9.2.8. Economic Impact Study on South America Aviation Blockchain Market 10. Middle East & Africa Aviation Blockchain Market Overview 10.1. Middle East & Africa Aviation Blockchain Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Aviation Blockchain Market Share & Forecast, 2016-2027 10.2.1. By Deployment 10.2.1.1. Public 10.2.1.2. Private 10.2.1.3. Hybrid 10.2.2. By Function 10.2.2.1. Record-Keeping 10.2.2.2. Transactions 10.2.3. By Application 10.2.3.1. Smart Contracts 10.2.3.2. Passenger Identity Management 10.2.3.3. Frequent Flyer Programs 10.2.3.4. Supply Chain Management 10.2.3.5. Aircraft Maintenance 10.2.3.6. Cargo & Baggage Tracking 10.2.3.7. Others 10.2.4. By End User 10.2.4.1. Airports 10.2.4.2. Airlines 10.2.4.3. MRO 10.2.4.4. Manufacturers 10.2.4.5. Lessor 10.2.5. By Vertical 10.2.5.1. Civil & Commercial 10.2.5.2. Military 10.2.6. By Country 10.2.6.1. Saudi Arabia 10.2.6.2. UAE 10.2.6.3. South Africa 10.2.6.4. Rest of Middle East & Africa 10.2.7. Company Market Share (Top 3-5) 10.2.8. Economic Impact Study on Middle East & Africa Aviation Blockchain Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Microsoft Corporation 11.7.2. IBM 11.7.3. Zamna Technologies 11.7.4. Aeron Labs 11.7.5. Winding Tree 11.7.6. Volantio Inc 11.7.7. Filament 11.7.8. Accenture PLC 11.7.9. Infosys 11.7.10. Insolar Technologies 11.7.11. Leewayhertz Technologies 11.7.12. Moog Inc 11.7.13. Other Prominent Players
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