PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503286
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503286
Aviation Blockchain Market Forecasts to 2030 - Global Analysis By Application, End User and By Geography
According to Stratistics MRC, the Global Aviation Blockchain Market is accounted for $1.003 billion in 2024 and is expected to reach $3.698 billion by 2030 growing at a CAGR of 24.3% during the forecast period. Aviation Blockchain refers to the application of blockchain technology within the aviation industry to enhance efficiency, security, and transparency in various processes. By utilizing blockchain, a decentralized and immutable ledger system, aviation stakeholders such as airlines, airports, maintenance providers, and regulators can streamline operations, reduce costs, and mitigate risks associated with data manipulation or fraudulent activities.
According to the data released by the International Civil Aviation Organization (ICAO), 4.3 billion passengers were carried by airlines in the year 2018.
Market Dynamics:
Driver:
Increased transparency and traceability
Blockchain's decentralized ledger system ensures that every transaction and data entry is recorded securely and immutably, providing a transparent view of the entire supply chain and operational processes. This transparency helps stakeholders, including airlines, manufacturers, maintenance providers, and regulators, to verify the authenticity and integrity of data related to aircraft maintenance, parts tracking, and flight records. Moreover, blockchain's tamper-proof nature ensures that once information is entered into the system, it cannot be altered retroactively, thus enhancing trust among parties and reducing the risk of fraud or errors.
Restraint:
Data privacy and security concerns
Data privacy and security concerns pose significant obstacles to the growth of the Aviation Blockchain Market. Aviation data, which often includes sensitive information such as passenger details, flight schedules, and maintenance records, must be securely stored and accessed. Ensuring the privacy and security of this data within a blockchain framework remains a complex task. However, concerns regarding data breaches, unauthorized access, and compliance with regulations such as GDPR further exacerbate these challenges.
Opportunity:
Smart contracts for automation
Smart Contracts play a pivotal role in enhancing the Aviation Blockchain Market by automating various processes within the industry. These self-executing contracts, powered by blockchain technology, enable secure and transparent automation of agreements between parties without the need for intermediaries. In the aviation sector, smart contracts facilitate streamlined operations across a range of activities, including aircraft leasing, ticketing, cargo handling, and maintenance scheduling. For instance, smart contracts can automatically trigger payments for leasing agreements based on predefined conditions such as flight hours or maintenance milestones. This automation not only reduces administrative overhead but also minimizes the risk of errors and disputes.
Threat:
Legacy systems integration
The Aviation Blockchain Market faces a significant hurdle in legacy systems integration. Legacy systems, often built on outdated technology and protocols, lack compatibility with blockchain frameworks, leading to complexities in data migration and synchronization. The aviation industry operates within a highly regulated environment, necessitating adherence to stringent standards and protocols, further complicating the integration process. Overcoming these integration barriers requires concerted efforts from industry stakeholders to develop interoperable standards and frameworks that facilitate the seamless incorporation of blockchain technology into existing aviation infrastructure
Covid-19 Impact:
With widespread travel restrictions, plummeting passenger numbers, and airlines scaling back operations, the need for innovative solutions became even more pronounced. While some blockchain projects in aviation may have been delayed or put on hold due to budget constraints and uncertainty, others gained momentum as stakeholders sought ways to streamline processes, enhance supply chain resilience, and ensure compliance with evolving health and safety regulations. However, the sudden downturn in air travel demand and financial constraints faced by airlines led to a slowdown in the implementation of blockchain solutions.
The Frequent Flyer Programs segment is expected to be the largest during the forecast period
Frequent Flyer Programs segment is expected to be the largest during the forecast period. Blockchain's immutable ledger system allows airlines to securely track and manage loyalty rewards, such as miles and points, across multiple partners and platforms. This transparency builds trust among travelers and encourages participation in FFPs, driving customer loyalty and engagement. Furthermore, blockchain enables real-time transactions and seamless redemption of rewards, reducing administrative costs and enhancing operational efficiency for airlines.
The Lessors segment is expected to have the highest CAGR during the forecast period
Lessors segment is expected to have the highest CAGR during the forecast period. By embracing blockchain technology, lessors can streamline and secure various processes involved in leasing aircraft, including documentation, transactions, and maintenance records. It facilitates real-time monitoring of aircraft utilization and performance data, enabling lessors to make informed decisions swiftly. This enhanced efficiency not only optimizes operational costs but also improves overall aircraft asset management.
Region with largest share:
North America region is poised to hold the largest market share throughout the forecasted period. By integrating blockchain, North American aviation stakeholders are streamlining processes such as aircraft maintenance, supply chain management, and passenger data management. Smart contracts automate and enforce agreements, reducing administrative overhead and enhancing trust among industry participants across the region. Additionally, blockchain facilitates the secure sharing of critical data across stakeholders, fostering collaboration and improving overall safety standards. This integration not only optimizes operational workflows but also mitigates risks associated with data breaches and counterfeit parts throughout the region.
Region with highest CAGR:
Europe region is expected to witness lucrative growth during the extrapolated period. Government regulations are fostering a conducive environment for the regional adoption of blockchain technology within the aviation industry. By mandating transparency, security, and efficiency standards, regulatory bodies are incentivizing airlines, airports, and other stakeholders to integrate blockchain solutions into their operations across the region. With blockchain's inherent characteristics such as immutability, decentralization, and cryptographic security, it offers a robust framework for enhancing various aspects of aviation, including supply chain management, maintenance tracking and passenger data management throughout the region.
Key players in the market
Some of the key players in Aviation Blockchain market include Aeron Labs, Infosys Limited, Insolar Technologies, International Business Machines Corporation, Microsoft Corporation, Moog Inc, Safeflights, Inc, Sweetbridge Ltd, Volantio Inc and Zamna Technologies Limited.
Key Developments:
In April 2024, Infosys a global leader in next-generation digital services and consulting, announced a definitive agreement to acquire in-tech, a leading Engineering R&D services provider focused on German automotive industry. This strategic investment further strengthens Infosys' Engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey.
In October 2023, IBM is announcing that it has acquired Manta Software Inc - a world-class data lineage platform - to complement its capabilities within watsonx.ai, watsonx.data and watsonx.governance and help businesses deliver products that are built on principles of trust and transparency.
Applications Covered:
- Aircraft Refueling
- Airline Revenue Sharing
- Cargo & Baggage Tracking
- E-ticketing & Ticket Tokenization
- Flight & Crew Data Management
- Frequent Flyer Programs
- Passenger Identity Management
- Travel Insurance
- Supply Chain Management
- Aircraft Maintenance
- Other Applications
End Users Covered:
- Airports
- Lessors
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Aviation Blockchain Market, By Application
- 5.1 Introduction
- 5.2 Aircraft Refueling
- 5.3 Airline Revenue Sharing
- 5.4 Cargo & Baggage Tracking
- 5.5 E-ticketing & Ticket Tokenization
- 5.6 Flight & Crew Data Management
- 5.7 Frequent Flyer Programs
- 5.8 Passenger Identity Management
- 5.9 Travel Insurance
- 5.10 Supply Chain Management
- 5.10.1 Parts Tracking
- 5.10.2 Parts Health Monitoring
- 5.11 Aircraft Maintenance
- 5.12 Other Applications
6 Global Aviation Blockchain Market, By End User
- 6.1 Introduction
- 6.2 Airports
- 6.3 Lessors
- 6.4 Other End Users
7 Global Aviation Blockchain Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Aeron Labs
- 9.2 Infosys Limited
- 9.3 Insolar Technologies
- 9.4 International Business Machines Corporation
- 9.5 Microsoft Corporation
- 9.6 Moog Inc
- 9.7 Safeflights, Inc
- 9.8 Sweetbridge Ltd
- 9.9 Volantio Inc
- 9.10 Zamna Technologies Limited
List of Tables
- Table 1 Global Aviation Blockchain Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Aviation Blockchain Market Outlook, By Application (2022-2030) ($MN)
- Table 3 Global Aviation Blockchain Market Outlook, By Aircraft Refueling (2022-2030) ($MN)
- Table 4 Global Aviation Blockchain Market Outlook, By Airline Revenue Sharing (2022-2030) ($MN)
- Table 5 Global Aviation Blockchain Market Outlook, By Cargo & Baggage Tracking (2022-2030) ($MN)
- Table 6 Global Aviation Blockchain Market Outlook, By E-ticketing & Ticket Tokenization (2022-2030) ($MN)
- Table 7 Global Aviation Blockchain Market Outlook, By Flight & Crew Data Management (2022-2030) ($MN)
- Table 8 Global Aviation Blockchain Market Outlook, By Frequent Flyer Programs (2022-2030) ($MN)
- Table 9 Global Aviation Blockchain Market Outlook, By Passenger Identity Management (2022-2030) ($MN)
- Table 10 Global Aviation Blockchain Market Outlook, By Travel Insurance (2022-2030) ($MN)
- Table 11 Global Aviation Blockchain Market Outlook, By Supply Chain Management (2022-2030) ($MN)
- Table 12 Global Aviation Blockchain Market Outlook, By Parts Tracking (2022-2030) ($MN)
- Table 13 Global Aviation Blockchain Market Outlook, By Parts Health Monitoring (2022-2030) ($MN)
- Table 14 Global Aviation Blockchain Market Outlook, By Aircraft Maintenance (2022-2030) ($MN)
- Table 15 Global Aviation Blockchain Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 16 Global Aviation Blockchain Market Outlook, By End User (2022-2030) ($MN)
- Table 17 Global Aviation Blockchain Market Outlook, By Airports (2022-2030) ($MN)
- Table 18 Global Aviation Blockchain Market Outlook, By Lessors (2022-2030) ($MN)
- Table 19 Global Aviation Blockchain Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 20 North America Aviation Blockchain Market Outlook, By Country (2022-2030) ($MN)
- Table 21 North America Aviation Blockchain Market Outlook, By Application (2022-2030) ($MN)
- Table 22 North America Aviation Blockchain Market Outlook, By Aircraft Refueling (2022-2030) ($MN)
- Table 23 North America Aviation Blockchain Market Outlook, By Airline Revenue Sharing (2022-2030) ($MN)
- Table 24 North America Aviation Blockchain Market Outlook, By Cargo & Baggage Tracking (2022-2030) ($MN)
- Table 25 North America Aviation Blockchain Market Outlook, By E-ticketing & Ticket Tokenization (2022-2030) ($MN)
- Table 26 North America Aviation Blockchain Market Outlook, By Flight & Crew Data Management (2022-2030) ($MN)
- Table 27 North America Aviation Blockchain Market Outlook, By Frequent Flyer Programs (2022-2030) ($MN)
- Table 28 North America Aviation Blockchain Market Outlook, By Passenger Identity Management (2022-2030) ($MN)
- Table 29 North America Aviation Blockchain Market Outlook, By Travel Insurance (2022-2030) ($MN)
- Table 30 North America Aviation Blockchain Market Outlook, By Supply Chain Management (2022-2030) ($MN)
- Table 31 North America Aviation Blockchain Market Outlook, By Parts Tracking (2022-2030) ($MN)
- Table 32 North America Aviation Blockchain Market Outlook, By Parts Health Monitoring (2022-2030) ($MN)
- Table 33 North America Aviation Blockchain Market Outlook, By Aircraft Maintenance (2022-2030) ($MN)
- Table 34 North America Aviation Blockchain Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 35 North America Aviation Blockchain Market Outlook, By End User (2022-2030) ($MN)
- Table 36 North America Aviation Blockchain Market Outlook, By Airports (2022-2030) ($MN)
- Table 37 North America Aviation Blockchain Market Outlook, By Lessors (2022-2030) ($MN)
- Table 38 North America Aviation Blockchain Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 39 Europe Aviation Blockchain Market Outlook, By Country (2022-2030) ($MN)
- Table 40 Europe Aviation Blockchain Market Outlook, By Application (2022-2030) ($MN)
- Table 41 Europe Aviation Blockchain Market Outlook, By Aircraft Refueling (2022-2030) ($MN)
- Table 42 Europe Aviation Blockchain Market Outlook, By Airline Revenue Sharing (2022-2030) ($MN)
- Table 43 Europe Aviation Blockchain Market Outlook, By Cargo & Baggage Tracking (2022-2030) ($MN)
- Table 44 Europe Aviation Blockchain Market Outlook, By E-ticketing & Ticket Tokenization (2022-2030) ($MN)
- Table 45 Europe Aviation Blockchain Market Outlook, By Flight & Crew Data Management (2022-2030) ($MN)
- Table 46 Europe Aviation Blockchain Market Outlook, By Frequent Flyer Programs (2022-2030) ($MN)
- Table 47 Europe Aviation Blockchain Market Outlook, By Passenger Identity Management (2022-2030) ($MN)
- Table 48 Europe Aviation Blockchain Market Outlook, By Travel Insurance (2022-2030) ($MN)
- Table 49 Europe Aviation Blockchain Market Outlook, By Supply Chain Management (2022-2030) ($MN)
- Table 50 Europe Aviation Blockchain Market Outlook, By Parts Tracking (2022-2030) ($MN)
- Table 51 Europe Aviation Blockchain Market Outlook, By Parts Health Monitoring (2022-2030) ($MN)
- Table 52 Europe Aviation Blockchain Market Outlook, By Aircraft Maintenance (2022-2030) ($MN)
- Table 53 Europe Aviation Blockchain Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 54 Europe Aviation Blockchain Market Outlook, By End User (2022-2030) ($MN)
- Table 55 Europe Aviation Blockchain Market Outlook, By Airports (2022-2030) ($MN)
- Table 56 Europe Aviation Blockchain Market Outlook, By Lessors (2022-2030) ($MN)
- Table 57 Europe Aviation Blockchain Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 58 Asia Pacific Aviation Blockchain Market Outlook, By Country (2022-2030) ($MN)
- Table 59 Asia Pacific Aviation Blockchain Market Outlook, By Application (2022-2030) ($MN)
- Table 60 Asia Pacific Aviation Blockchain Market Outlook, By Aircraft Refueling (2022-2030) ($MN)
- Table 61 Asia Pacific Aviation Blockchain Market Outlook, By Airline Revenue Sharing (2022-2030) ($MN)
- Table 62 Asia Pacific Aviation Blockchain Market Outlook, By Cargo & Baggage Tracking (2022-2030) ($MN)
- Table 63 Asia Pacific Aviation Blockchain Market Outlook, By E-ticketing & Ticket Tokenization (2022-2030) ($MN)
- Table 64 Asia Pacific Aviation Blockchain Market Outlook, By Flight & Crew Data Management (2022-2030) ($MN)
- Table 65 Asia Pacific Aviation Blockchain Market Outlook, By Frequent Flyer Programs (2022-2030) ($MN)
- Table 66 Asia Pacific Aviation Blockchain Market Outlook, By Passenger Identity Management (2022-2030) ($MN)
- Table 67 Asia Pacific Aviation Blockchain Market Outlook, By Travel Insurance (2022-2030) ($MN)
- Table 68 Asia Pacific Aviation Blockchain Market Outlook, By Supply Chain Management (2022-2030) ($MN)
- Table 69 Asia Pacific Aviation Blockchain Market Outlook, By Parts Tracking (2022-2030) ($MN)
- Table 70 Asia Pacific Aviation Blockchain Market Outlook, By Parts Health Monitoring (2022-2030) ($MN)
- Table 71 Asia Pacific Aviation Blockchain Market Outlook, By Aircraft Maintenance (2022-2030) ($MN)
- Table 72 Asia Pacific Aviation Blockchain Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 73 Asia Pacific Aviation Blockchain Market Outlook, By End User (2022-2030) ($MN)
- Table 74 Asia Pacific Aviation Blockchain Market Outlook, By Airports (2022-2030) ($MN)
- Table 75 Asia Pacific Aviation Blockchain Market Outlook, By Lessors (2022-2030) ($MN)
- Table 76 Asia Pacific Aviation Blockchain Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 77 South America Aviation Blockchain Market Outlook, By Country (2022-2030) ($MN)
- Table 78 South America Aviation Blockchain Market Outlook, By Application (2022-2030) ($MN)
- Table 79 South America Aviation Blockchain Market Outlook, By Aircraft Refueling (2022-2030) ($MN)
- Table 80 South America Aviation Blockchain Market Outlook, By Airline Revenue Sharing (2022-2030) ($MN)
- Table 81 South America Aviation Blockchain Market Outlook, By Cargo & Baggage Tracking (2022-2030) ($MN)
- Table 82 South America Aviation Blockchain Market Outlook, By E-ticketing & Ticket Tokenization (2022-2030) ($MN)
- Table 83 South America Aviation Blockchain Market Outlook, By Flight & Crew Data Management (2022-2030) ($MN)
- Table 84 South America Aviation Blockchain Market Outlook, By Frequent Flyer Programs (2022-2030) ($MN)
- Table 85 South America Aviation Blockchain Market Outlook, By Passenger Identity Management (2022-2030) ($MN)
- Table 86 South America Aviation Blockchain Market Outlook, By Travel Insurance (2022-2030) ($MN)
- Table 87 South America Aviation Blockchain Market Outlook, By Supply Chain Management (2022-2030) ($MN)
- Table 88 South America Aviation Blockchain Market Outlook, By Parts Tracking (2022-2030) ($MN)
- Table 89 South America Aviation Blockchain Market Outlook, By Parts Health Monitoring (2022-2030) ($MN)
- Table 90 South America Aviation Blockchain Market Outlook, By Aircraft Maintenance (2022-2030) ($MN)
- Table 91 South America Aviation Blockchain Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 92 South America Aviation Blockchain Market Outlook, By End User (2022-2030) ($MN)
- Table 93 South America Aviation Blockchain Market Outlook, By Airports (2022-2030) ($MN)
- Table 94 South America Aviation Blockchain Market Outlook, By Lessors (2022-2030) ($MN)
- Table 95 South America Aviation Blockchain Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 96 Middle East & Africa Aviation Blockchain Market Outlook, By Country (2022-2030) ($MN)
- Table 97 Middle East & Africa Aviation Blockchain Market Outlook, By Application (2022-2030) ($MN)
- Table 98 Middle East & Africa Aviation Blockchain Market Outlook, By Aircraft Refueling (2022-2030) ($MN)
- Table 99 Middle East & Africa Aviation Blockchain Market Outlook, By Airline Revenue Sharing (2022-2030) ($MN)
- Table 100 Middle East & Africa Aviation Blockchain Market Outlook, By Cargo & Baggage Tracking (2022-2030) ($MN)
- Table 101 Middle East & Africa Aviation Blockchain Market Outlook, By E-ticketing & Ticket Tokenization (2022-2030) ($MN)
- Table 102 Middle East & Africa Aviation Blockchain Market Outlook, By Flight & Crew Data Management (2022-2030) ($MN)
- Table 103 Middle East & Africa Aviation Blockchain Market Outlook, By Frequent Flyer Programs (2022-2030) ($MN)
- Table 104 Middle East & Africa Aviation Blockchain Market Outlook, By Passenger Identity Management (2022-2030) ($MN)
- Table 105 Middle East & Africa Aviation Blockchain Market Outlook, By Travel Insurance (2022-2030) ($MN)
- Table 106 Middle East & Africa Aviation Blockchain Market Outlook, By Supply Chain Management (2022-2030) ($MN)
- Table 107 Middle East & Africa Aviation Blockchain Market Outlook, By Parts Tracking (2022-2030) ($MN)
- Table 108 Middle East & Africa Aviation Blockchain Market Outlook, By Parts Health Monitoring (2022-2030) ($MN)
- Table 109 Middle East & Africa Aviation Blockchain Market Outlook, By Aircraft Maintenance (2022-2030) ($MN)
- Table 110 Middle East & Africa Aviation Blockchain Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 111 Middle East & Africa Aviation Blockchain Market Outlook, By End User (2022-2030) ($MN)
- Table 112 Middle East & Africa Aviation Blockchain Market Outlook, By Airports (2022-2030) ($MN)
- Table 113 Middle East & Africa Aviation Blockchain Market Outlook, By Lessors (2022-2030) ($MN)
- Table 114 Middle East & Africa Aviation Blockchain Market Outlook, By Other End Users (2022-2030) ($MN)
