Aviation Blockchain Market Analysis & Global Forecast to 2025

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BLOCKCHAIN MARKET GLOBAL TOP 2000 STRATEGIST RELY
ON US FOR THEIR GROWTH STRATEGIES. AKNvOiWaMtiOoRn
E B(l/Koncowklecdhgeastiore.n aMsparerqkueestt_fb
reye_tErianl) d Market (Airports, Airlines, MRO,
Manufacturers, Lessors), Application (Smart
Contracts, Supply Chain Management, Aircraft
Maintenance, Cargo Baggage Tracking),
Deployment, Function, Region - Global Forecast to
2025 FREE BROCHURE (/pdfdownloadNew.asp?id1752180
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75218087) Report Code AS 7501Jan, 2020, by
marketsandmarkets.com DESCRIPTION TABLE OF
CONTENTS METHODOLOGY DOWNLOAD PDF
(/PDFDOWNLOADNEW.ASP?ID175218087) 166 Pages
Report The Aviation Blockchain Market is
projected to grow from USD 421 million in 2019 to
USD 1,394 million by 2025, at a CAGR of 22.1
during the forecast period. The increased
transparency and traceability and improved
passenger experience are some of the major
factors driving the growth of the aviation
blockchain market.
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By end market, the airlines segment is estimated
to lead the aviation blockchain market in
2019. The airlines segment is estimated to lead
the aviation blockchain market in 2019. Aircraft
being stationed on the ground for a longer period
is a major concern for the airline as they
operate within a limited profit margin and thus,
it can incur operational losses. The accurate
view of an aircraft configuration and maintenance
could help reduce costs and losses related to
downtime and unplanned maintenance. Thus, these
losses can be avoided by leveraging blockchain
technology.
The Aviation Blockchain Market in North America
is projected to grow at the highest CAGR during
the forecast period. The aviation blockchain
market in North America is projected to grow at
the highest CAGR during the forecast period.
North America is the most advanced region in
terms of technology adoption and infrastructure.
Increasing the adoption of technology by airlines
and airports in this region is one of the major
factors impacting the growth rate of this region.
The presence of key market players and major
airports are the main factors driving the growth
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Key Market Players Some of the major players
Zamna Technologies (UK)
in the aviation blockchain market include
Microsoft Corporation (US), IBM (US), , Aeron
Labs (Belize), Winding Tree (Switzerland),
Volantio Inc (US), Filament (US), (In/)fosys
(India), Insolar Technologies (Switzerland),
LeewayHertz Technologies (US), and Moog Inc.
(US). These players provide blockchain platforms
and solutions to various aviation companies.
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Scope of the Report Aviation Blockchain Market
Report Metric Details
Estimated Market Size USD 421 Million
Projected Market Size USD 1394 Million
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available for years
20172025
Market size Base year c
onsidered
2018
Forecast period
20192025
(/)
Forecast units
Value (USD)
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Deployment, and Region
Regions covered
North America, Europe, Asia Pacific, and Rest of
the World
Companies covered
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.
This research report categorizes the aviation
blockchain (https//www.marketsandmarkets.com/Mark
et- Reports/blockchain-technology-market-90100890.
html) market based on end market, application,
function, deployment, and region. By End
Market Airports Airlines MRO Manufacturers
Lessors By Application Passenger Identity
Management Cargo Baggage Tracking Flight Crew
Data Management Frequent Flyer Programs Smart
Contract Travel Insurance E-ticketing Ticket
Tokenization (https//www.marketsandmarkets.com/Ma
rket-Reports/tokenization- market-76652221.html) A
ircraft Refueling (https//www.marketsandmarkets.c
om/Market-Reports/air-to-air-refueling-market-
233525223.html) Airline Revenue Sharing
Leasing Supply Chain Management
(https//www.marketsandmarkets.com/Market-Reports/
supply-chain- management-market-190997554.html)
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ing ent (/) By Deployment
Parts Health Monitor Inventory Managem Aircraft
Maintenance
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By function Record-keeping Transactions By
Region North America Europe Asia Pacific Rest of
the World Recent Developments In November 2019,
the German airline, Hahn Air, became the first
carrier to issue a ticket enabled by blockchain
technology provided by open-source travel
distribution platform Winding Tree. Using the
Winding Tree platform, Hahn Air can list
inventory, manage reservation requests, and
receive payments once the booking process is
complete. In October 2019, Insolar announced that
it is partnered with Microsoft, Oracle, and
national innovation agencies of Switzerland, the
UK, and Germany. The partnership with Microsoft
and Oracle is for the integration of the Insolar
platform with their respective cloud services,
Azure, and Oracle Cloud. With this partnership,
Insolar expanded its presence in the European
region. In June 2019, 14bis Supply Tracking
announced the availability of its digital and
physical asset management product that provides
provenance of aerospace parts from the factory to
disposal. This product will help 14bis Supply
Tracking address major challenges faced by
manufacturers in the area of the supply chain. In
May 2019, Microsoft partnered with GE Aviations
Digital Group to develop TRUEngine, a Microsoft
Azure-based blockchain technology, to track the
life of each aircraft part, replacing the current
paper documentation process which is cumbersome
and inefficient. In May 2018, EdgeVerve, an
Infosys Product subsidiary, announced a new
blockchain-powered application for supply chain
management as part of its product line. With this
product launch, IBM strengthened its position in
the growing market of blockchain-based supply
chain management. Key Questions Addressed by the
Report What will be the revenue pockets for the
blockchain technology in aviation in the next
five years? Who are the leading players of
blockchain in the global aviation market? What
are the growth prospects for blockchain
technology in the aviation market? What are the
major challenges faced by players in the aviation
blockchain market?
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uestions (FAQ)
Frequently Asked Q What will be the revenu
e pockets for the blockchain technology in
aviation in the next five years? (/) Who are the
leading players of blockchain in the global
aviation market? HOMWEh(/a) t AaBreOUtThUeSg(r/Ao
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AcShP)allenges faced by players in the aviation
blockchain market? What are the latest
technological trends in the market? To speak to
our analyst for a discussion on the above
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ADJACENT MARKETS Digital MRO Market
(/Market-Reports/digital-mro-market-165029525.html
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chain-device-market-177053178.html) Blockchain
IoT Market (/Market-Reports/blockchain-iot-market-
168941858.html) Smart Airports Market
(/Market-Reports/smart-airports-market-544.html)
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