Global Aviation Blockchain Market, By Function (Record-Keeping, Transactions), Deployment (Public, Private, Hybrid), Application (Passenger Identity Management, Cargo & Baggage Tracking, Flight & Crew Data Management, Frequent Flyer Programs, Smart Contract, Travel Insurance, E-ticketing & Ticket Tokenization, Aircraft Refueling, Airline Revenue Sharing, Leasing, Supply Chain Management, Parts Tracking, Parts Health Monitoring, Inventory Management, Aircraft Maintenance), End-Use (Airports, Airlines, MRO, Manufacturers, Lessors), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Aviation Blockchain Market
The aviation blockchain market is expected to witness market growth at a rate of 22.10% in the forecast period of 2021 to 2028 and is expected to reach USD 32240.73 million by 2028. Data Bridge Market Research report on the aviation blockchain market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the aviation sector is escalating the growth of the aviation blockchain market.
Blockchain refers to a decentralized technology that assists in eliminating risks associated with centrally held data. The technology comprises of an extensive supply chain, a decades-long aftermarket with frequently shifting participants and complex products.
The rise in the demand for air travel across the globe acts as one of the major factors driving the growth of the aviation blockchain market. Various companies involved in the aviation industry introducing blockchain technology into their existing operations in the supply chain and high use of technology to reduce maintenance costs improved passenger experience and accelerated market growth. The high utilization of blockchain technology in the aerospace & defense sector to obtain a transparent and well-connected supply chain and the surge in need for this technology in the defense sector due to large & highly complex supply chains further influence the market.
In addition, the rise in air passenger traffic, multivariate applications of blockchain, increase in the value of planes in the secondary market, and improved worker productivity positively affect the aviation blockchain market. Furthermore, rise in adoption of advanced technology by airports and airlines extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, lack of regulations and common standards is expected to obstruct the market growth. Slow integration and reluctance toward change in the aviation industry is projected to challenge the aviation blockchain market in the forecast period of 2021-2028.
This aviation blockchain market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aviation blockchain market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aviation Blockchain Market Scope and Market Size
The aviation blockchain market is segmented on the basis of function, deployment, application and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of function, the aviation blockchain market is segmented into record-keeping and transactions.
- On the basis of deployment, the aviation blockchain market is segmented into public, private and hybrid.
- On the basis of application, the aviation blockchain market is segmented into passenger identity management, cargo & baggage tracking, flight & crew data management, frequent flyer programs, smart contract, travel insurance, e-ticketing & ticket tokenization, aircraft refueling, airline revenue sharing, leasing, supply chain management, parts tracking, parts health monitoring, inventory management and aircraft maintenance.
- On the basis of end-use, the aviation blockchain market is segmented into airports, airlines, mro, manufacturers and lessors.
Global Aviation Blockchain Market Country Level Analysis
The aviation analytics market is analyzed and market size, volume information is provided by country, function, deployment, application and end use as referenced above.
The countries covered in the global aviation blockchain market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the aviation blockchain market due to the presence of prominent players and high investments within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rising defense expenditure in countries such as India and China.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aviation Blockchain Market Share Analysis
The aviation blockchain market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aviation blockchain market.
The major players covered in the aviation blockchain market report are IBM, Microsoft Corporation, 14Bis Supply Tracking, Aeron Labs, Avinoc LTD, Credits Inc., Filament, Infosys Limited, Insolar, LeewayHertz., Moog Inc., OLISTICS., Enspan.io., Quillhash Technologies Pvt. Ltd., SkyBuys, SORAblocks, Sweetbridge., Volantio Inc, Winding Tree, and Zamna Technologies Limited, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.