The global blockchain aviation market is expected to register a significant CAGR during the forecast period. In the report, the global industry outlook section majorly includes fundamental dynamics of the target market which cover major market drivers, restraints, opportunities and challenges faced by the market. Global blockchain in aviation market expenditure has been on a key upturn over the current years urged by the return of the excessive power competition amongst the major global powers. Moreover, the report majorly focuses on equipment modernization, augmented R&D outlays, and capabilities revitalization, towards increase of game changer and innovative technologies.
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Scope of the Global Blockchain in Aviation Market
Quince Market Insights Research presented complete market data with the help of various primary sources to validate the data in accumulating a full-fledged market research analysis. Moreover, the market report contains a qualitative and quantitative estimation of market components which interests the client. The “Global Blockchain in Aviation Market” is majorly bifurcated into sub-segments which can provide a categorized data about modern trends in the global market.
The global blockchain in aviation market is increasing at a significant pace during the forecast period. Blockchain enables shareholders of the aviation industry to share a reorganized digital ledger which supplies flight supply and data chain airlines. It also offers efficient and smoother operations that lead to cost savings. Enhanced passenger experience, increased traceability and transparency of operations, and cheap maintenance cost and transactional difficulties are some of the factors driving growth of the global blockchain in aviation market.
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Segment Analysis of the Global Blockchain in Aviation Market
The global blockchain aviation market is basically segmented into end market, deployment, function, application, and geographical regions.
• Based on end market, the global market is sub-segmented into airports, MRO, lessors, airlines, and manufacturers.
• On the basis of the deployment, the market is segregated into public, private, and hybrid.
• In terms of function, the market is fragmented into transactions and record-keeping.
• On the basis of application, the global market is segregated into smart contract, passenger identity management, flight & crew data management, frequent flyer programs, cargo & baggage tracking, leasing, travel insurance, inventory management, and others.
Geographical Analysis of Global Blockchain in Aviation Market
The global blockchain in aviation market geographically segregated into North America, Europe, Asia Pacific, and the Middle East and Africa. Among these, North America is among the major contributors to the aviation blockchain market. The United States is likely to lead the market in North America during the prediction period.
Recent Strategic Developments of Major Global Blockchain in Aviation Market Players
• In November 2019, the German airline, Hahn Air, became the first carrier to issue a ticket allowed by blockchain technology delivered by open-source travel distribution platform Winding Tree.
• In October 2019, Insolar declared that it is partnered with Microsoft, Oracle, and national innovation agencies of Switzerland, the UK, as well as Germany. The partnership with Oracle and Microsoft is for the incorporation of the Insolar platform with their respective cloud services, Oracle Cloud, and Azure.
• In June 2019, 14bis Supply Tracking declared the obtainability of its physical and digital asset management product that delivers provenance of aerospace parts from the industrial unit to disposal.
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Competitive Landscape of the Global Blockchain in Aviation Market
The “Global Blockchain in Aviation Market” study report will provides a valuable insight with the growing focus on global market comprising some of the major players such as: Microsoft Corporation (US), Aeron Labs (Belize), Winding Tree (Switzerland), IBM (US), Zamna Technologies (UK), Insolar Technologies (Switzerland), Volantio Inc (US), Filament (US), Infosys (India), LeewayHertz Technologies (US), and Moog Inc. (US). Contracts and new product launches were key strategies adopted by the industry players to achieve growth in the global blockchain in aviation market.
Market Segmentation:
By Type:
• Private Blockchain
• Hybrid Blockchain
• Public Blockchain
By Application:
• Manufacturing and Supply Chain
• Identity Management
• Repair and Maintenance
• Cargo Tracking
• Safety and Security
• Others
By Region:
• North America
o By Country (US, Canada, Mexico)
o By Type
o By Application
• Western Europe:
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application
• Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application
• Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application
• Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Type
o By Application
• Rest of the World
o By Region (South America, Africa)
o By Type
o By Application
Reasons To Buy This Report:
• Market size estimation of the blockchain in the aviation market on a regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country
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