Aviation Blockchain Market Scenario
Multivariate applications of blockchain and reduces costs and transactional complexities are some of the major factors propelling the aviation blockchain market globally. Furthermore, increased transparency and traceability is also one of the factor propelling the growth of aviation blockchain market. However, lack of regulations and common standards is one of the major factor expected to hamper the global growth of the aviation blockchain market.
Aviation Blockchain Market Segmentation
The Aviation blockchain Market is segmented by Function, Deployment, Application, End Users and Geography. The Functions studied in this report are Record-Keeping and Transactions. Furthermore, the Deployment comprises of Public, Private and Hybrid. Likewise, Various Applications of Aviation blockchain are Cargo & Baggage Tracking, Passenger Identity Management, Flight & Crew Data Management, Frequent Flyer Programs, Smart Contracts, Supply Chain Management and Aircraft Maintenance. In addition, the End User of this market are Airlines, MRO, Airports, Manufacturers and Lessors. Based on Geography, the Aviation blockchain Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Aviation Blockchain Market by Geography
Geographically, the aviation blockchain market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the North America is anticipated to dominate the global aviation blockchain market. Increasing the adoption of technology by airlines and airports in this region is one of the major factors propelling the growth rate of this region. The presence of major market players and key airports are the main factors augmenting the growth of the North American aviation blockchain market.
Aviation Blockchain Market Key Players
Some of the major players operating in the global aviation blockchain market includes Aeron Labs, Avinoc Ltd, Credits.Com Pte. Ltd., Filament, IBM, Infosys, Insolar Technologies, LeewayHertz Technologies, Microsoft Corporation, Moog Inc., Olistics, Parts Pedigree, Quillhash Technologies Pvt. Ltd., Skybuys, Sorablocks, Sweetbridge, Inc., Volantio Inc, Winding Tree and Zamna Technologies Limited. These players offer blockchain platforms and solutions to numerous aviation companies. Market players are in a process of introducing advanced products to improve treatment efficiency, in turn, capturing a higher market share.
Aviation Blockchain Market Report Key Benefits