Aviation Blockchain Market Size to reach USD 5,659.20 Million in 2032- Emergen Research

The global aviation blockchain market size was USD 770 Million in 2022 and is expected to register revenue CAGR of 22.1% during the forecast period, according to latest analysis by Emergen Research. Increase in aircraft trips and air traffic across the globe, rise in disposable income among population, increase in the transparency and safety of aviation logs, improvement in traceability of blockchain systems, increase in the investment in blockchain research and development for commercial aviation, and reduction in the costs and complexity of doing business internationally are some of the major factors driving the market revenue growth.

The major advantages of blockchain technology in aviation industry is the tracking and predictive analysis of airlines marketing ticketing systems and their enhancement and improving efficiency of different aviation sector operations. Moreover, aircraft design analysis is also provided by it. In addition, it reduces record-keeping and maintenance costs and improves digital systems for better customer user interfaces. Blockchain technology enhances decentralization processes of different issues arising in the regular operation procedures of aviation technology and supports time-saving and improved performance capabilities with its integration into aviation working systems.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2267
Moreover, the different deals, partnerships, and agreements between different companies are driving the market revenue growth. For instance, on 11 April 2022, Globant, a digital-native company focused on reinventing businesses through innovative technological solutions, and TravelX, a pioneering technology company in the travel industry announced a joint work agreement to revolutionize airline industry by enabling airlines to implement and fully benefit from TravelX's innovative NFTicket solution for enhancing customer comfort and ease of accessibility. These are the major factors that are contributing to revenue growth of the market.

Moreover, lack of reluctance to upgrade the existing working systems by some companies in aviation industry to digital ones with integrated blockchain technology and their high installation costs are some of the major factors restraining revenue growth of the market. In addition, the negligence toward regulated norms including the standardization rules is some of the major barriers in the development of this nascent aviation blockchain technology.

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2267

Some Key Highlights from the Report
• The aircraft maintenance segment accounted for largest revenue share in 2022. The key benefits of aviation blockchain in aircraft maintenance are that they offer early repair notice, resulting in decreased delays and maintenance costs. The most significant advantages of blockchain technology include quicker operations, higher efficiency, improved security, and non-intrusive, more accurate and transparent data systems which is the latest development and is increasing segment development.

• The record-keeping segment is expected to register robust revenue CAGR during the forecast period. Various initiatives by different companies for the technological enhancement of their existing systems are driving revenue growth of this segment. For instance, on 5 August 2020, Honeywell announced the launch of an integrated system of digital blockchain system and its existing aircraft record system for better functionality and efficiency and an easy interface for the customers for search and scattered data retrieval processes. These are some of the factors that are driving revenue growth of this segment.

• North America market accounted for a significantly large revenue share in 2022. This is attributed to the major company establishments in this region such as Moog Inc., Microsoft Corporation, Sweetbridge, IBM, and others, and the different drives launched by these major companies to develop better more efficient blockchain technologies for ease of usage and faster operations. For instance, on 16 November 2021, American Airlines (AAL.O) and Swiss travel platform Winding Tree announced a partnership that will allow business purchasers to access American Airlines' flight data directly, without the need for intermediaries. Global Distribution Systems (GDS) such as Amadeus and Sabre, which use real-time inventory technology, now provide data on flights and hotels to travel agencies and corporate travel bookers. These are some of the factors that are driving the market revenue growth in this region.

Major Companies and Competitive Landscape
Some major players included in the global aviation block chain Market report are:
• Zamna Technologies Limited
• Aeron Labs
• Moog Inc.
• LeewayHertz
• Winding Tree
• Volantio
• io.
• Credits, Incorporated
• AVINOC
• QuillHash Technologies Private Limited

Strategic Development
• On 11 April 2022, JALUX Inc. announced a financial investment in Block Aero Technologies Holdings Inc., a company that creates and distributes a blockchain platform for managing aviation assets such as airplanes and jet engines.

Direct Order Can Be Placed through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2267

Emergen Research has segmented the global aviation blockchain market on the basis of application, function, deployment, end-use, and region:

• Application Outlook (Revenue, USD Million; 2019-2032)
o Cargo and Baggage Tracking
o Flight and Crew Data Management
o Passenger Identity Management
o Supply Chain Management
o Inventory Management
o Frequent Flyer Programs
o Travel Insurance
o E-Ticketing and Ticket Tokenization
o Leasing
o Airline Revenue Sharing
o Parts Tracking
o Parts Health Monitoring
o Aircraft Maintenance
o Others

• Function Outlook (Revenue, USD Million; 2019-2032)
o Record Keeping
o Transactions

• Deployment Outlook (Revenue, USD Million; 2019-2032)
o Public
o Private
o Hybrid

• End-Use Outlook (Revenue, USD Million; 2019-2032)
o Airlines
o Airports
o MRO
o Manufacturers
o Others

• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/aviation-blockchain-market

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.