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Aviation Blockchain Market Outlook to 2025 - Integration of Blockchain with Other Upcoming Aviation Technologies Spells Lucrative OpportunitiesDUBLIN, Jan. 21, 2020 /PRNewswire/ -- The "Aviation Blockchain Market by 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" report has been added to ResearchAndMarkets.com's offering. The global 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. 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. Key Topics Covered 1 Introduction 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increased Transparency and Traceability 5.2.1.2 Multivariate Applications of Blockchain 5.2.1.3 Reduces Costs and Transactional Complexities 5.2.2 Restraints 5.2.2.1 Lack of Regulations and Common Standards 5.2.3 Opportunities 5.2.3.1 Integration of Blockchain with Other Upcoming Aviation Technologies 5.2.4 Challenges 5.2.4.1 Blockchain Technology in Its Nascent Stage 5.2.4.2 Slow Integration and Reluctance Towards Change in the Aviation Industry 6 Industry Trends 6.1 Introduction 6.2 Technology Trends 6.2.1 Blockchain in Internet of Things (IoT) 6.2.1.1 Blockchain of Things 6.2.2 Blockchain in Artificial Intelligence (AI) 6.2.2.1 Autonomous Blockchain 6.3 Industry Activities and Projects 6.3.1 Blockchain Challenges and Research Projects 6.3.1.1 Aviation Blockchain Challenge 6.3.1.2 Aviation Blockchain Sandbox 6.4 Consortiums & Alliances 6.4.1 Collaborations to Promote the Adoption of Blockchain in Aviation 6.4.1.1 Enterprise Ethereum Alliance (EEA) 6.4.1.2 Hyperledger Consortium 6.5 Use Cases 6.5.1 GE Aviation Formed Partnership With Microsoft Azure to Develop Blockchain Based Solution to Streamline Tracking of Aircraft Parts and Reduce Inefficiencies 6.5.2 Air France KLM Partnered With Winding Tree to Develop Blockchain Based Solution to Offer Customers Attractive Travel Offer 6.5.3 Accenture in Collaboration With Thales Developed Blockchain Prototype Supply Chain Activities for Aerospace and Defense 6.5.4 Sita Collborated With British Airways, Heathrow, Geneva Airport, and Miami International Airport to Explore Smart Contract for Various Aspect of Aviation Industry 6.5.5 Singapore Airlines is Using Blockchain to Help Passengers Maximize Their Loyalty Points and Enhance Customer Experience 6.5.6 Volantio is Helping Airlines and Passengers Overcome the Overbooking Challenge Using Blockchain Technology 6.5.7 Air Newzealand Partnered With Winding Tree to Leverage Blockchain to Streamline Operations 6.5.8 Russian Airline S7 is Using Blockchain Based Platformfor Ticketing 6.5.9 Moog is Using Blockchain Based Solution for 3D Printing of Aircraft Parts 6.5.10 Fizzy, a Smart Contract for Travel Insurance Will Reinforce Trust By Ensuring Total Transparency in Making Policy Payouts. 7 Aviation Blockchain Market, By End Market 7.1 Introduction 7.2 Airlines 7.2.1 Airlines Can Incorporate Blockchain in Cargo & Baggage Tracking and Smart Contracts Applications 7.3 Mro 7.3.1 Blockchain in Mro is Used for Smart Contracts, Supply Chain Management, and Aircraft Maintenance 7.4 Airports 7.4.1 Airports are Adopting Blockchain in Smart Cargo & Baggage Tracking, Passenger Identity Management, and Smart Contracts 7.5 Manufacturers 7.5.1 Aircraft Manufacturers are Adopting Blockchain Technology to Increase Operational Efficiency 7.6 Lessors 7.6.1 Lessors use Smart Contracts for Supply Chain Management Applications 8 Aviation Blockchain Market, By Application 8.1 Introduction 8.2 Cargo & Baggage Tracking 8.2.1 Blockchain Can Help in Tracking the Status and Location of Valuable Assets Such as Passenger Bags and Cargo 8.3 Passenger Identity Management 8.3.1 Passenger Biometrics, Personal Details, and Travel History Can be Stored in Blockchain 8.4 Flight & Crew Data Management 8.4.1 Real-Time Availability of Flight Can be Shared With All Parties Involved By Using a Blockchain Solution 8.5 Frequent Flyer Programs 8.5.1 Reconciliation of Frequent Flyer Points By Tokenizing Miles Flown Into a Digital Currency Using Blockchain 8.6 Smart Contracts 8.6.1 Smart Contract is a Computer Program, Which Can be Used to Verify or Enforce Rules Between Two Parties 8.6.2 Travel Insurance 8.6.2.1 Smart Contracts Can Track Insurance Claims and Hold Either Party Accountable 8.6.3 E-Ticketing & Ticket Tokenization 8.6.3.1 Blockchain Will Ensure Tokens are Used as Per Guidelines and Provide Real-Time Information on Customers' Spending 8.6.4 Aircraft Refueling 8.6.4.1 Post-Completion of Refueling, Payment is Automatically Made Fixing the Initial Fuel Volume and Its Price Using a Blockchain Solution 8.6.5 Airline Revenue Sharing 8.6.5.1 Blockchain Presents an Opportunity to Create a Unified System That Uses Predetermined Criteria to Share Revenue Immediately 8.6.6 Leasing 8.6.6.1 Entire History of an Aircraft Can be Traced and Tracked Using Blockchain 8.7 Supply Chain Management 8.7.1 Blockchain Technology is a Viable Option to Streamline the Procurement Process Through the use of Smart Contracts 8.7.2 Parts Tracking 8.7.2.1 Blockchain-Based Supply Chain Solutions Could Efficiently Track and Trace the Movement, Modification, and Maintenance of Components 8.7.3 Parts Health Monitoring 8.7.3.1 Users Will be Able to Accurately Trace the Components Journey From the Beginning 8.7.4 Inventory Management 8.7.4.1 Procurement Strategy Can be Formulated By Analyzing Historical Data and Real-Time Health Conditions Using Blockchain 8.8 Aircraft Maintenance 8.8.1 Blockchain Can be Used to Track the Fitness of Individual Parts of the Aircraft By Monitoring Data Such as Date of Manufacture, and Depreciation 9 Aviation Blockchain Market, By Deployment 9.1 Introduction 9.2 Public 9.2.1 Aviation-Based Applications of Public Blockchain is Mainly Deployed for Tokenization and Cryptocurrency 9.3 Private 9.3.1 Private Blockchain is Primarily Deployed for Record-Keeping and Secured Applications 9.4 Hybrid 9.4.1 Hybrid Blockchain is a Combination of Public and Private Blockchains 10 Aviation Blockchain Market, By Function 10.1 Introduction 10.2 Record-Keeping 10.2.1 Components Details Such as Manufacturing Date, Repairs, Ownership, and Maintenance Can be Stored on Blockchain, Thus Enabling Tracking the History of Components 10.3 Transactions 10.3.1 Blockchain Can Facilitate a Range of Transactions, Including Billing Among Airlines, Between Travel Agents and Airlines, Determining Loyalty Points Settlements and Travel Insurance 11 Aviation Blockchain Market, By Vertical 11.1 Introduction 11.2 Civil & Commercial Aviation 11.3 Military Aviation 11.3.1 Location and Availability of Parts 11.3.1.1 Authenticity of Parts and Supply 11.3.1.2 Smart Contracts and Payments 12 Regional Analysis 12.1 Introduction 12.2 North America 12.3 Europe 12.4 Asia-Pacific 12.5 Rest of the World 13 Competitive Landscape 13.1 Introduction 13.2 Competitive Leadership Mapping (Overall Market) 13.2.1 Visionary Leaders 13.2.2 Innovators 13.2.3 Dynamic Differentiators 13.2.4 Emerging Companies 13.3 Competitive Scenario 13.3.1 Contracts& Agreements 13.3.2 New Product Launches 13.3.3 Collaborations & Partnerships 13.3.4 Other Strategies 14 Company Profiles 14.1 14bis Supply Tracking (Safeflights Inc.) 14.2 Aeron Labs 14.3 Avinoc Ltd. 14.4 Credits.Com Pte. Ltd. 14.5 Filament 14.6 IBM 14.7 Infosys 14.8 Insolar Technologies 14.9 LeewayHertz Technologies 14.10 Microsoft Corporation 14.11 Moog Inc. 14.12 Olistics 14.13 Parts Pedigree 14.14 Quillhash Technologies Pvt. Ltd. 14.15 Skybuys 14.16 Sorablocks 14.17 Sweetbridge Inc. 14.18 Volantio Inc. 14.19 Winding Tree 14.20 Zamna Technologies Limited For more information about this report visit https://www.researchandmarkets.com/r/fdqxs9 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/aviation-blockchain-market-outlook-to-2025---integration-of-blockchain-with-other-upcoming-aviation-technologies-spells-lucrative-opportunities-300990242.html SOURCE Research and Markets |