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Aviation Blockchain Market to Hit $1.15 Billion by 2030; Supply Chain Management is expected to grow at a CAGR of 13.3%; Airline end use is expected to exceed the CAGR of 12.1%.

PORTLAND, ORAGON, USA, September 20, 2022 /EINPresswire.com/ — 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 USD 0.42 Billion in 2020 and is projected to reach 1, $15 billion by 2030, growing at a CAGR of 11.1%. Asia-Pacific was the largest revenue contributor, accounting for $0.14 billion in 2020, and is expected to reach $0.43 billion by 2030, with a CAGR of 12.6%.

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The growth of the global aviation blockchain market is driven by increasing demand for AI-based recording of motion transactions and tracking of aviation assets. The growing adoption of air travel is creating complexity of data and business that creates a requirement for smart technology to ensure and update air transactions. Growing requirement for improved security, tracking, and transparency of aviation logs is the key factor supporting the growth of the aviation blockchain market over the forecast period. In 2020, the aviation blockchain market for passenger identity management saw a prominent market share. Cargo and baggage tracking is expected to witness rapid growth and dominate the market share by the end of the forecast period.

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Additionally, market players enter 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 2020 owing to the growing adoption of air travel in the region. China, India, Japan, USA and Germany are expected to become emerging countries in the global aviation blockchain market, owing to the increasing inclination towards safety and security. transportation safety and the adoption of AI-based technologies in the respective countries. The global aviation blockchain market is a fairly consolidated market with a limited number of players holding the majority share.

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

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Main results of the study

By application, the supply chain management segment is expected to register significant growth over the forecast period.
By end use, the airport segment is expected to dominate the global market in terms of market share by the end of the forecast period.
By function, the transaction segment is expected to dominate the global market, in terms of market share, by the end of the forecast period.
By region, Asia Pacific led the global aviation blockchain market in 2020 in terms of market share.

The major players operating in the global aviation blockchain market are 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.

About Us

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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Allied Analytics LLP
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