0

Aviation Blockchain Market Expected to Reach $1.15 Billion by 2030-Allied Market Research

 
2022
Aviation Blockchain Market

Report Code : A06275

quote By application, the passenger identity management segment dominated the global market in 2020 in terms of revenue. By end use, the airlines segment is expected to lead the market growth during the forecast period. Depending on function, transactions segment incurs a higher share. Asia-Pacific was the highest revenue contributor in 2020, and it is anticipated to lead the market growth by 2030. quote

Omkar Bachal
Lead Analyst, Aerospace & Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Aviation Blockchain Market by Application, End Use, and Function: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global aviation blockchain market was valued at $0.42 billion in 2020, and is projected to reach $1.15 billion by 2030, registering a CAGR of 11.1%. Asia-Pacific was the highest revenue contributor, accounting for $0.14 billion in 2020, and is estimated to reach $0.43 billion by 2030, with a CAGR of 12.6%.

The growth of the global aviation blockchain market is driven by surge in demand for AI based recording of the movement transactions and tracking of the aviation assets. Growing adoption of the air transportation creates complexity of the data and activities which create a requirement for the smart technology to ensure and update the aviation transactions. Growing requirement for improved safety, tracking and transparency for aviation logs is the key factor support the growth for aviation blockchain market over the forecast period. In 2020, aviation blockchain market for passenger identity management has witnessed leading market share. Cargo and baggage tracking is expected to witness rapid growth and dominate the market share by end of the forecast period.

In addition, market participants are entering into long term agreements and contracts with airport operators, MRO organization to gain competitive advantage in the global market. Asia-Pacific dominates the aviation blockchain market in the year 2020 owing to growing adoption of the air transportation in the region. China, India, Japan, the U.S. and Germany are expected to witness as emerging countries in the global aviation blockchain market, owing to increase in inclination toward safety and security transportation and adoption of AI based technologies in the respective countries. The global aviation blockchain market is a fairly consolidated market with limited number of players holding majority of share.

The spread of the COVID-19 pandemic has negatively impacted the global aviation blockchain market. The demand of aviation blockchain is directly associated with adoption of the smart technologies in airline activities and changing aviation industry outlook across the globe. The spread of the COVID-19 pandemic has negatively impacted the global aviation blockchain market, owing to commute restrictions, and is expected to weaken the financial performance of the market players in 2020.

Key Findings Of The Study

  • By application, the supply chain management segment is expected to register significant growth during the forecast period.
  • By end use, airports segment is projected to lead the global market in terms of market share by the end of the forecast period.
  • By function, the transactions segment is projected to lead the global market, in terms of market share, by the end of the forecast period.
  • By region, Asia-Pacific dominated the global aviation blockchain market in 2020 in terms of market share.

Key players operating in the global aviation blockchain market include Aeron Labs, International Business Machine Corporation, Infosys Limited, Leewayhertz, Moog Inc., Safeflights Inc. (14bis Supply Tracking), Sweetbridge, Inc., Volantio Inc., Winding Tree, and Zamna Technologies Limited.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Aviation Blockchain Market by Application (Cargo and Baggage Tracking, Passenger Identity Management, Flight and Crew Data Management, Supply Chain Management, and Others), End Use (Airlines, Airports, and Others), and Function (Record Keeping, and Transactions): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Hybrid Cloud Market

Download Sample
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample

Buy Full Version
"Aviation Blockchain Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers