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Aviation Blockchain Market - Global Revenue Growth Expectations by 2025

The aviation blockchain market is projected to grow from USD 421 million in 2019 to USD 1,394 million by 2025, at a CAGR of 22.1% during the forecast period.<br><br>

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Aviation Blockchain Market - Global Revenue Growth Expectations by 2025

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  1. AviationBlockchainMarket-Global Revenue Growth Expectations by2025 According to the latest market research report "Aviation Blockchain Marketby End Market (Airports, Airlines, MRO, Manufacturers, Lessors), Application (Smart Contracts, Supply Chain Management, Aircraft Maintenance, Cargo & Baggage Tracking), Deployment, Function, Region - Global Forecast to 2025", The aviation blockchain market size is expected to reach USD 1,394 million by 2025 from USD 421 million in 2019, at a CAGR of 22.1% from 2019 to2025. Key MarketPlayers Some of the major players in the aviation blockchain Corporation (US), IBM (US), market includeMicrosoft Zamna Technologies (UK), Aeron Labs (Belize), Winding Tree (Switzerland), VolantioInc (US), Filament (India),Insolar (US), Infosys Technologies LeewayHertz (Switzerland), Technologies (US), and Moog Inc. (US). These players provide blockchainplatforms and solutions to various aviation companies. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175218087 Increased traceability and transparency, multivariate applications of blockchain, and reduction in cost and transactional complexities are some of the keydrivers influencing the growth of the aviation blockchainmarket. By end market, the airports segment is projected to grow at the highest CAGR during the forecastperiod. Increasing demand for air travel around the world has givenrise to air traffic, greenfield and brownfield airport projects. With the passenger traffic and number of inbound and outbound flights growing, airports are focusing on digitalizing and automating processes to increase the efficiency and pace of their operations. For example, airports are adopting blockchain in cargo & baggage tracking, passenger identity management, and smart contractapplications.

  2. By application, the passenger identity management segment is projected to grow at the highest rate during the forecastperiod. The passenger identity management segment is estimated to grow at the highest CAGR during the forecast period. The use of biometrics in the aviation industry for passenger processing offers opportunities togather data for airlines and airports. Storing passenger information on blockchain for biometrics and ID tracking/management can allow airlines and airports to enhance their security. The majority of passengers carry a smartphone with them, which will easily enable them to plug in airline apps for baggage tracking, alerts, and request personalizedservices. Asia Pacific is expected to lead the aviation blockchain market during the forecastperiod. In Asia Pacific, countries such as China, India, Singapore, and Australia are considered for the study. This region is estimated to lead the aviation blockchain market in 2019. China is projected to leads the aviation blockchain market in Asia Pacific during the forecast period. Blockchain helps create transparent and decentralized business processes. Airports in countriessuch as Malaysia have implemented blockchain into their operations. For instance, facial biometrics are used by Malaysian Airportsfrom booking to boarding, to identify air passengers. The transportation and trading hubs, such as Hong Kong and Singapore, provide additional opportunities for the adoption of blockchain. The presence of leading aviation blockchain companies in Asia Pacific includes AVINOC Ltd (HongKong), Infosys (India), Quillhash Technologies (India), and SkyBuys(Australia). Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=175218087 AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwideincluding 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwideapproach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

  3. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 DundeeRoad Suite430 Northbrook, IL60062 USA:1-888-600-6441

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