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Allied Market Research

Aviation Record-Keeping Blockchain Market by Deployment (Private, Public and Hybrid), Application (E-Ticket, Supply Chain Management, Cargo & Baggage Tracking, Smart Contract, Inventory Management, Flight & Crew Data Management, Passenger Identity Management, Others), and End Market (MRO, Airports, Airlines, Manufacturers and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09225
Pages: NA
Jun 2021 | 371 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

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Aviation Record-Keeping Blockchain Market Outlook – 2027 

The global aviation record-keeping blockchain market is experiencing a significant growth due to demand for decentralized digital ledger. Blockchains are decentralized & distributed database that are not bound to a specific hardware but scattered through a number of different computers. The information in a blockchain such as digital records of aircraft tail number & configuration, location of the part in the plane, manufacturer details, identity of each technician who has touched the part, and the location where the service was performed cannot be changed since every block is verified, sealed, and all record-keeping is stored in a manner that is accessible to everyone on the network. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Deployment, Application, End Market, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Microsoft Corporation, IBM, Moog Inc., Insolar Technologies, Infosys, Aeron Labs, Filament, Sweetbridge Inc., Zamna Technologies, Winding Tree.

 

COVID-19 scenario analysis: 

COVID-19 pandemic has forced the aviation industry to shift toward more digitalized approach in its day-to-day operations to comply with the government restrictions.

The airlines, maintenance, repair, and overhaul (MRO) companies, and aircraft manufacturers are facing operational due halt in production and supply chain restrictions imposed by governments globally to contain the spread of COVID-19.

Blockchain has enabled information access and transaction book-keeping without worrying about server down-time due to lack of server maintenance. Since obligatory lockdown due to COVID-19 has caused site of access restrictions for the workforce on aviation companies.

Aviation industry is facing economic crisis due to travel bans issued by authorities to control the COVID-19 spread. Meanwhile, blockchain is reducing their cost of operations for inventory, maintenance, and transaction data management.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis 

Surge in transparency & traceability of operations, increase in demand for reduction in cost and transactional complexity, and rise in adoption of blockchain by defense & commercial aviation are the factors that drive the global aviation record-keeping blockchain market. However, different standards of data storage and high processing load on each system on a small network hinder the market growth. On the contrary, biometric identity verification, potential integration of blockchain with variety of aviation technologies, and R&D in cyber threat resistant blockchain system present new pathways in the industry.

The global aviation record-keeping blockchain market trends are as follows:

Rise in adoption of blockchain by defense & commercial aviation

The defense and aviation industry is using blockchain more frequently to fend off against cyber threats, opening secure government portals, and tracing defense contracts. Recently, in 2020, Value Technology Foundation (a non-profit think tank focused on blockchain based in Virginia, US) published a report titled “Potential Uses of Blockchain By the U.S. Department of Defense” that has been co-authored by the US Department of Defense (DOD) contractors such as Accenture, Amazon, Deloitte, CGI Federal, and IBM, along with blockchain firms such as ConsenSys, SIMBA Chain, and Colvin Run Networks. The report discusses about leveraging blockchain as part of multi-factor authentication for better security of military systems, since usage of blockchain for logging leaves a trail for detection of the source in case cyberattacks are not prevented. Value Technology published the report citing cybersecurity threats, which could reduce U.S. dominance in the global economic and military spheres. Such adoption of blockchain by defense & commercial aviation is expected to boost the global aviation record-keeping blockchain market.

Key segments covered:

Segments

Sub-segments

  Deployment

  • Private
  • Public
  • Hybrid

  Application

  • E-Ticket
  • Supply Chain Management
  • Cargo & Baggage Tracking
  • Smart Contract
  • Inventory Management
  • Flight & Crew Data Management
  • Passenger Identity Management
  • Others

  End Market

  • MRO
  • Airports
  • Airlines
  • Manufacturers
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global aviation record-keeping blockchain industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aviation record-keeping blockchain market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aviation record-keeping blockchain market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global aviation record-keeping blockchain market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the aviation record-keeping blockchain market research report:

  • Which are the leading market players active in the aviation record-keeping blockchain market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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