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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%NEW YORK, Jan. 17, 2020 /PRNewswire/ -- Increased transparency and traceability of business operations is one of the major factors driving the aviation blockchain market growth. Read the full report: https://www.reportlinker.com/p05839847/?utm_source=PRN 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. The aviation blockchain market is growing at a significant pace during the forecast period. Blockchain enables stakeholders of the aviation industry to share a decentralized digital ledger which stores flight data and supply chain data of airlines. It also facilitates smoother and efficient operations that lead to cost savings. Improved passenger experience, increased transparency and traceability of operations, and reduced maintenance cost and transactional complexities are some of the factors driving this market. A smart contract can be programmed using a computer algorithm that receives real-time information.This information can be verified and stored in the blockchain. Smart contracts can be used in ticketing, aircraft refueling, and leasing and supply chain management. The aviation blockchain market in North America is expected to witness the highest CAGR during the forecast period. North America is among the major contributors to the aviation blockchain market.The US is expected to lead the market in North America during the forecast period. North America is the most advanced region in terms of technology adoption and infrastructure. The presence of key market players and major airports are the main factors driving the growth of the aviation blockchain market in North America. In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation & technology directors, and executives from various key organizations operating in the aviation blockchain market. •?By Company Type: Tier 1: 40%, Tier 2: 50%, and Tier 3: 10% •?By Designation: C-level Executives: 20%, Directors: 20%, and Others 60% •?By Region: North America: 30%, Europe: 10%, Asia Pacific: 50%, and RoW: 10% Microsoft Corporation (US), IBM (US), Zamna Technologies (UK), Aeron Labs (Belize), Winding Tree (Switzerland), Volantio Inc (US), Filament (US), Infosys (India), Insolar Technologies (Switzerland), LeewayHertz Technologies (US), and Moog Inc. (US). The study includes an in-depth competitive analysis of these key players in the aviation blockchain market in the industry, with their company profiles, recent developments, and key market strategies. Research Coverage: The study covers the aviation blockchain market and aims at estimating the market size and growth potential across different segments, such as end market, function, application, deployment, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report The report will provide market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall aviation blockchain market and its subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges. Read the full report: https://www.reportlinker.com/p05839847/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/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-22-1-300988797.html SOURCE Reportlinker |