Aviation Blockchain Market 2020: Industry Development Analysis, Global Trends , Growth Factors, CAGR Status, Industry Insights by 2030

Aviation blockchain is presently going through stage of more maturity and the actual benefits are now becoming clearer. Nonetheless, it is still not insignificant how to influence the benefits in terms f approximate use, where the technology is more ideal solution. The classification of wide range of use cases continuously display structure of clusters around few areas of application with numerous specifically controlling mart contracts and tokenization. There are several reasons for why the targeted technology is placed as an ideal solution to several business issues and more. There are few challenges that must be dealt with prior adopting gains foothold. The key identified constraints include governance, scalability, and usage cost.

Top Players:

Some of the prominent players in the Aviation Blockchain market include Accenture PLC, IBM, Microsoft Corporation, Zamna Technologies, Insolar Technologies, Loyyal Corporation, Aeron Labs, Winding Tree, Filament, Infosys, LeewayHertz Technologies, and Moog Inc, among others.

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Growth Factor

The increased traceability, transparency, and improved passenger experience are among several key factors driving the growth of the aviation blockchain market. The growth of the market can be further attributed to the ability to facilitate efficient and smoother operations that lead to cost savings and complexities. Due to the presence of complex & bulky supply chain management in the aviation industry, blockchain technology can help to uphold a transparent and well-connected supply chain. This is one of the primary factors for the utilization of blockchain technology in the aviation sector that is driving the market share over the forecasted timeframe.

The industry players are working closely with airport authorities to integrate blockchain technology and enable industry participants to adopt upcoming technologies in the aerospace and defense sector. For instance, in October 2019, Insolar publicized that it will partner with Oracle, Microsoft, and National Innovation Agencies of the UK, Switzerland, and Germany. The partnership with Oracle and Microsoft is for the incorporation of the Insolar platform with their respective cloud services - Oracle Cloud and Azure. With this partnership, the Insolar platform expanded its presence in Europe.

Presently, the defense aviation blockchain growth is slower as compared to the aerospace segment. The growth can be attributed to massive investments in research & development for tracing defense-related shipments & contracts, protection against cyber warfare, efficient battlefield messaging services, and creating secure government portals, among other applications.

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Segmentation Based On:

By Application -

Airports,
Airlines,
MRO Service Providers,
and Manufacturers

By Use Cases -

Cargo & Baggage Tracking,
Passenger Identity Management,
Flight & Crew Data Management,
Aircraft Maintenance,
Inventory Management,
Aircraft Refuelling,
E-Ticketing

By Sector -
Commercial Aviation
Military Aviation

Regional Analysis:

The North America aviation blockchain market is anticipated to showcase the highest CAGR during the forecast period. The growth of the market in this region can be attributed to large investments in the U.S. and the presence of major aerospace & defense players and major airports in the region. Furthermore, the increasing adoption of emerging technologies by airports & airline carriers is significantly impacting the growth of the market. For instance, in November 2018, Boeing announced a partnership with SparkCognition and plans to launch SkyGrid that will enable the future of urban aerial mobility. The partnership also plans to build artificial intelligence and blockchain-powered airspace management platforms.

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Table of Contents

1.bINTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years - 2016 & 2017; Base Year - 2018; Forecast Years - 2019 to 2030
Currency Used

2. RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottoms Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecast Model
Limitations/Assumptions of the Study

3. ABSTRACT OF THE STUDY

4. MARKET DYNAMICS ASSESSMENT
Overview
Drivers
Barriers/Challenges
Opportunities

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