Aviation Blockchain Market Research Report - Global Forecast till 2027

Global Aviation Blockchain Market Research Report: Information by End Market (Airlines, Airports, MRO and Manufacturers), Application (Cargo & Baggage Tracking, Flight & Crew Data Management, Passenger Identity Management, Supply Chain Management, Smart Contracts, and Aircraft Maintenance), Vertical (Civil & Commercial and Military) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/A&D/7330-HCR | February, 2021 | Region : Global

Market Scenario


Global Aviation Blockchain Market is projected to be valued at USD 1,686.15 Million by 2026, registering a 21.8% CAGR between 2020 and 2026. Blockchain is a decentralized technology, which eliminates risks associated with centrally held data. Thus, companies involved in the aviation industry are eager to introduce blockchain technology into their existing operations in the supply chain. This involves complex products, an extensive supply chain, and a decades-long aftermarket with frequently shifting participants.


Moreover, major players present in the aviation industry envisages blockchain technology as an innovative way to track and provide consistent aircraft configuration data throughout the intricate supply chain. Furthermore, blockchain has the potential to change to deliver profound benefits for hundreds of suppliers that are involved in the manufacturing of a single aircraft.


Market Synopsis


The global aviation blockchain market has registered high growth over the past few years owing to the enhanced transparency and traceability and multiple applications of blockchain in the aviation industry. Moreover, the reduced costs and transactional complexities are some factors driving the growth of the market. However, lack of regulations and common standards and slow integration and reluctance toward change in the aviation industry is expected to hinder the market growth.


Market USP


Increase in need for advanced data storage system


Market Drivers



  • Enhanced transparency and traceability: Blockchain technology is a distributed network of data, which offers a new, elegant and secure way for the industry to track and trace numerous components while deterring counterfeiting and improving maintenance capabilities. Moreover, this technology provides tamper-proof data with strong authentication where the information about all the products are encrypted. In addition, the blockchain technology is integrated with the IoT to provide the increased transparency and efficient supply chain, which is expected to drive the growth of the global aviation blockchain market.



  • Multiple applications of blockchain



  • Reduced costs and transactional complexities


Market Opportunities



  • Integration of blockchain with other upcoming aviation technologies


Segmentation 


By End Market



  • Airlines: The segment is expected to record the highest CAGR during the forecast period. Blockchain allows airlines and others across the distribution space to better collaborate while co-delivering travel products and services. It also has the capability to move payment towards being more transparent, low-cost, and real-time. This is expected to drive the growth of this segment during the review period.



  • Airports: The segment accounted for the largest market share in 2019. Blockchain facilitates the tracking of the status and location of valuable assets such as passenger bags, cargo, and record data in a very reliable and immutable manner. Moreover, the increasing deployment of IoT based airport systems on many international and domestic airports is expected to drive the growth of this segment.



  • MRO: The segment expected to witness the highest growth rate during the forecast period. In MRO, blockchain may reduce the risk for MRO service providers by providing verifiable documentation about the parts they have installed at any time.


By Vertical



  • Civil & Commercial: The segment is expected to record a high growth rate during the forecast period from 2020 and 2026. This is due to the increasing development of blockchain technology for civil & commercial aviation. Additionally, the rise in demand for new aircraft with advanced systems is driving the growth of this segment.



  • Military: The segment expected to register a steady CAGR during the forecast period. This is due to the modernization of existing military aircraft with advanced systems. Moreover, the increasing use of unmanned aerial vehicles (UAVs) for surveillance, border patrol, intelligence, reconnaissance, missile detection, and satellite communications by the military agencies globally is driving the growth of this segment.


By Region



  • North America: North America dominates the aviation blockchain market. This trend is projected to continue during the forecast period due to the presence of prominent players, such as IBM, Microsoft Corporation, Moog Inc., and Sweetbridge, Inc., and high investments by them in the development of blockchain technology.



  • Europe: The increasing adoption of UAVs by the military forces for tactical missions is expected to drive the growth of the European market in the review period.



  • Asia-Pacific: The market in this region is projected to exhibit a high CAGR during the forecast period. The increasing demand for new aircraft and rising defense expenditure in countries such as India and China are expected to drive market growth.



  • Middle East & Africa: The increase in defense expenditures by countries such as Saudi Arabia, UAE, and Israel is driving the market growth in the Middle East & Africa.



  • Latin America: In Latin America, there has been an increase in the use of UAVs for intelligence gathering on drug trafficking and rebel groups, deforestation monitoring, and control of illegal migration, which is expected to drive the aviation blockchain market growth.


Key Players



  • Aeron Labs (Canada)

  • AVINOC Ltd (China)

  • IBM (US)

  • Infosys (India)

  • Insolar Technologies (Switzerland)

  • Microsoft Corporation (US)

  • Moog Inc. (US)

  • Olistics (Switzerland)

  • Quillhash Technologies Pvt. Ltd (India)

  • Skybuys (Australia)

  • Sweetbridge, Inc. (US)

Table of Contents


Executive Summary


Market Attractiveness Analysis


Global Aviation Blockchain Market, by End Market

Global Aviation Blockchain Market, by Application

Global Aviation Blockchain Market, by Vertical

Global Aviation Blockchain Market, by Region







Market Introduction


Market Definition

Scope of the Study

Market Structure

Key Buying Criteria

Market Factor Indicator Analysis



Research Methodology


Research Process

Primary Research

Secondary Research

Market Size Estimation

Forecast Model

List of Assumptions



Market Insights

Market Dynamics


Introduction

Drivers


Enhanced transparency and traceability

Multiple applications of blockchain

Reduced costs and transactional complexities

Drivers Impact Analysis



Restraints


Lack of regulations and common standards

Slow integration and reluctance toward change in the aviation industry

Restraint Impact Analysis



Opportunities


Integration of blockchain with other upcoming aviation technologies



Market/Technological Trends

Patent Trends

Regulatory Landscape/Standards



Market Factor Analysis


Value Chain/Supply Chain Analysis


R&D

Manufacturing

Distribution & Sales

Post-Sales Monitoring



Porter’s Five Forces Analysis


Threat of New Entrants

Bargaining Power of Buyers

Threat of Substitutes

Intensity of Rivalry

Bargaining Power of Supplies







Global Aviation Blockchain Market, by End Market


Introduction

Airlines

Airports

MRO

Manufacturers



Global Aviation Blockchain Market, by Application


Introduction

Cargo & Baggage Tracking

Flight & Crew Data Management

Passenger Identity Management

Supply Chain Management

Smart Contracts

Aircraft Maintenance



Global Aviation Blockchain Market, by Vertical


Introduction

Civil & Commercial

Military



Global Aviation Blockchain Market, by Region


Introduction

North America


US

Canada



Europe


UK

Germany

France

Italy

Rest of Europe



Asia-Pacific


China

Japan

India

Australia

Rest of Asia-Pacific



Middle East & Africa


Saudi Arabia

UAE

Rest of Middle East & Africa



Latin America


Brazil

Rest of Latin America







Competitive Landscape


Competitive Overview

Competitor Dashboard

Major Growth Key Strategies in the Global Aviation Blockchain Market

Competitive Benchmarking

Market Share Analysis

Leading Player in Terms of the Number of Developments in the Global Aviation Blockchain Market

Key Developments & Growth Strategies


New Product/Service/Application Launch

Merger & Acquisition

Joint Ventures







Company Profiles


Key Market Players




(Company overview, financial updates, products & service offered, key developments, SWOT analysis, and key strategies to be provided for all the listed companies)


Aeron Labs (Canada)

AVINOC Ltd (China)

IBM (US)

Infosys (India)

Insolar Technologies (Switzerland)

Microsoft Corporation (US)

Moog Inc. (US)

Olistics (Switzerland)

Quillhash Technologies Pvt. Ltd (India)

Skybuys (Australia)

Sweetbridge, Inc. (US)



Appendix


References

Related Reports

List of Abbreviations




List of Tables


LIST OF ASSUMPTIONS

MAJOR PATENTS GRANTED FOR AVIATION BLOCKCHAIN (2015–2020)

END MARKET: GLOBAL AVIATION BLOCKCHAIN MARKET, 2020–2027 (USD MILLION)

APPLICATION: GLOBAL AVIATION BLOCKCHAIN MARKET, 2020–2027 (USD MILLION)

VERTICAL: GLOBAL AVIATION BLOCKCHAIN MARKET, 2020–2027 (USD MILLION)

GLOBAL AVIATION BLOCKCHAIN MARKET, BY REGION, 2020–2027 (USD MILLION)

NORTH AMERICA: AVIATION BLOCKCHAIN MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

NORTH AMERICA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

NORTH AMERICA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

NORTH AMERICA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

US: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

US: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

US: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

CANADA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

CANADA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

CANADA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

EUROPE: AVIATION BLOCKCHAIN MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

EUROPE: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

EUROPE: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

EUROPE: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

UK: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

UK: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

UK: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

GERMANY: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

GERMANY: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

GERMANY: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

FRANCE: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

FRANCE: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

FRANCE: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

ITALY: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

ITALY: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

ITALY: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

REST OF EUROPE: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

REST OF EUROPE: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

REST OF EUROPE: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

CHINA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

CHINA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

CHINA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

INDIA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

INDIA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

INDIA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

JAPAN: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

JAPAN: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

JAPAN: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

AUSTRALIA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

AUSTRALIA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

AUSTRALIA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

REST OF ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

REST OF ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

REST OF ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

SAUDI ARABIA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

SAUDI ARABIA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

SAUDI ARABIA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

UAE: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

UAE: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

UAE: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

REST OF THE MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

REST OF THE MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

REST OF THE MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

LATIN AMERICA: AVIATION BLOCKCHAIN MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

LATIN AMERICA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

LATIN AMERICA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

LATIN AMERICA: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

BRAZIL: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

BRAZIL: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

BRAZIL: AVIATION BLOCKCHAIN MARKET, BY VERTICAL, 2020–2027 (USD MILLION)

REST OF LATIN AMERICA: AVIATION BLOCKCHAIN MARKET, BY END MARKET, 2020–2027 (USD MILLION)

REST OF LATIN AMERICA: AVIATION BLOCKCHAIN MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

REST OF LATIN AMERICA: AVIATION BLOCKCHAIN MARKET, BY FREQUENCY- BAND, 2020–2027 (USD MILLION)

THE MOST ACTIVE PLAYERS IN THE GLOBAL AVIATION BLOCKCHAIN MARKET

CONTRACTS AND AGREEMENTS

MERGERS AND ACQUISITIONS

PRODUCT DEVELOPMENTS

EXPANSIONS AND INVESTMENTS

JOINT VENTURES AND PARTNERSHIPS



List of Figures

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL AVIATION BLOCKCHAIN MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL AVIATION BLOCKCHAIN MARKET ANALYSIS, BY END MARKET

FIGURE 4 GLOBAL AVIATION BLOCKCHAIN MARKET ANALYSIS, BY APPLICATION

FIGURE 5 GLOBAL AVIATION BLOCKCHAIN MARKET ANALYSIS, BY VERTICAL

FIGURE 6 GLOBAL AVIATION BLOCKCHAIN MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL AVIATION BLOCKCHAIN MARKET: MARKET STRUCTURE

FIGURE 8 KEY BUYING CRITERIA FOR AVIATION BLOCKCHAIN END MARKETS

FIGURE 9 RESEARCH PROCESS OF MRFR

FIGURE 10 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 11 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 12 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 13 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 14 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2020 VS 2027

FIGURE 15 MARKET DYNAMICS OVERVIEW

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL AVIATION BLOCKCHAIN MARKET

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL AVIATION BLOCKCHAIN MARKET

FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL AVIATION BLOCKCHAIN MARKET

FIGURE 19 SUPPLY CHAIN: GLOBAL AVIATION BLOCKCHAIN MARKET

FIGURE 20 GLOBAL AVIATION BLOCKCHAIN MARKET SHARE, BY END MARKET, 2020 (% SHARE)

FIGURE 21 GLOBAL AVIATION BLOCKCHAIN MARKET SHARE, BY APPLICATION, 2020 (% SHARE)

FIGURE 22 GLOBAL AVIATION BLOCKCHAIN MARKET SHARE, BY VERTICAL, 2020 (% SHARE)

FIGURE 23 GLOBAL AVIATION BLOCKCHAIN MARKET SHARE, BY REGION, 2020 (% SHARE)

FIGURE 24 NORTH AMERICA: AVIATION BLOCKCHAIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 EUROPE: AVIATION BLOCKCHAIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 ASIA-PACIFIC: AVIATION BLOCKCHAIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 MIDDLE EAST & AFRICA: AVIATION BLOCKCHAIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 28 LATIN AMERICA: AVIATION BLOCKCHAIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 29 COMPETITOR DASHBOARD: GLOBAL AVIATION BLOCKCHAIN MARKET

FIGURE 30 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 31 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL AVIATION BLOCKCHAIN MARKET

FIGURE 32 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 33 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020