According to HTF Market Intelligence, the global Aviation Blockchain market is valued at USD 42.36 Million in 2023 and estimated to reach a revenue of USD 148.31 Million by 2030, with a CAGR of 23.18% from 2023 to 2030.
Definition:
Aviation blockchain refers to the application of blockchain technology within the aviation industry. Blockchain is a decentralized and distributed ledger technology that enables secure, transparent, and immutable recording of transactions across a network of computers. In the context of aviation, blockchain can be used to streamline various processes, enhance efficiency, improve transparency, and increase security throughout the aviation ecosystem.
Market Trends:
The aviation industry has been increasingly embracing blockchain technology to address various challenges and inefficiencies.
Market Drivers:
Blockchain technology offers enhanced security and transparency by providing a tamper-proof and decentralized ledger of transactions.
Market Leaders & Development Strategies
In 2021, Airbus acquired MTM Robotics, a robotics and automation company, to strengthen its position in the aviation industry. The acquisition will allow Airbus to develop new automation and robotics solutions for the aviation industry, including those that incorporate blockchain technology. In 2021, Lufthansa Cargo and DB Schenker have launched the “Fleet” blockchain-based platform to optimize the supply chain and logistics process for air cargo.
Global Aviation Blockchain Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Microsoft Corporation (United States), IBM Corporation (United States), Zamna Technologies (United Kingdom), Aeron Labs (Belize), Winding Tree (Switzerland), Volantio Inc (United States), Filament (United States), Infosys (India), Insolar Technologies (Switzerland), Leewayhertz Technologies (United States)
Additionally, Past Global Aviation Blockchain Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Aviation Blockchain market is targeted to aid in determining the features the company should encompass in order to fit into the business’s requirements. For the Consumer-based market – the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
Aviation Blockchain Product Types In-Depth: Decentralized, Immutability, Enhanced security
Aviation Blockchain Major Applications/End users: Passenger-Focused and Ticket Sales [Passenger Identity Information, Passenger Loyalty Programs, Blockchain Registers of Flights & Ticket
Aviation Blockchain Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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