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
出 版 商：MarketsandMarkets
出版日期：2020/01/13
頁 數：167頁
文件格式：PDF
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USD 6,650 (Multi-User License)
USD 8,150 (Global-User License)
USD 10,000 (Hard copy)
Increased transparency and traceability of business operations is one of the major factors driving the aviation blockchain market growth.
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.
By end market, the airports segment is expected to grow at the highest rate during the forecast period.
By end market, the airports segment is expected to grow at the highest CAGR during the forecast period. As per CAPA Centre for Aviation in 2017, around USD 1 trillion was invested across the globe for 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 contract applications.
As the passenger footfall is expected to increase, airports must find innovative business models to lower their operational costs and generate new revenue streams. By leveraging technologies such as blockchain, IoT, and AI, airports can enhance their efficiency specifically in the area of baggage handling and passenger handling.
By application, the smart contract segment is expected to account for the largest share of the aviation blockchain market during the forecast period.
The smart contract segment is expected to account for the largest share of the aviation blockchain market during the forecast period. Smart contracts can facilitate automated payment on completion of the task. 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.
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.
By end market, the airports segment is expected to grow at the highest rate during the forecast period.
By end market, the airports segment is expected to grow at the highest CAGR during the forecast period. As per CAPA Centre for Aviation in 2017, around USD 1 trillion was invested across the globe for 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 contract applications.
As the passenger footfall is expected to increase, airports must find innovative business models to lower their operational costs and generate new revenue streams. By leveraging technologies such as blockchain, IoT, and AI, airports can enhance their efficiency specifically in the area of baggage handling and passenger handling.
By application, the smart contract segment is expected to account for the largest share of the aviation blockchain market during the forecast period.
The smart contract segment is expected to account for the largest share of the aviation blockchain market during the forecast period. Smart contracts can facilitate automated payment on completion of the task. 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.
1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 MARKET SCOPE 22
1.3.1 REGIONAL SCOPE 22
1.3.2 YEARS CONSIDERED FOR THE STUDY 23
1.4 CURRENCY 23
1.5 USD EXCHANGE RATES, 2016–2018 23
1.6 MARKET STAKEHOLDERS 24
2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
2.1.1 SECONDARY DATA 26
2.1.1.1 Secondary sources 27
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 28
2.1.2.2 Breakdown of primaries 28
2.1.3 MARKET DEFINITION & SCOPE 29
2.1.4 SEGMENT DEFINITIONS 29
2.1.4.1 Aviation blockchain market, by application 29
2.1.4.2 Aviation blockchain market, by end market 29
2.1.4.3 Aviation blockchain market, by deployment 29
2.1.4.4 Aviation blockchain market, by function 29
2.1.4.5 Aviation blockchain market, by vertical 29
2.2 RESEARCH APPROACH AND METHODOLOGY 29
2.2.1 BOTTOM-UP APPROACH 30
2.2.1.1 Aviation blockchain market 30
2.2.1.2 Aviation blockchain market, by end market 30
2.2.1.3 Aviation blockchain market, by application 31
2.2.1.4 Total aviation blockchain market, by country 31
2.2.2 TOP-DOWN APPROACH 32
2.2.2.1 Aviation blockchain market, by function and deployment 32
2.3 DATA TRIANGULATION & VALIDATION 32
2.3.1 TRIANGULATION THROUGH SECONDARY 32
2.3.2 TRIANGULATION THROUGH PRIMARIES 33
2.4 RESEARCH LIMITATIONS 34
2.5 RESEARCH ASSUMPTIONS 34
2.6 RISKS 35
3 EXECUTIVE SUMMARY 36
4 PREMIUM INSIGHTS 39
4.1 ATTRACTIVE OPPORTUNITIES IN AVIATION BLOCKCHAIN MARKET 39
4.2 AVIATION BLOCKCHAIN MARKET, BY APPLICATION 39
4.3 AVIATION BLOCKCHAIN MARKET, BY END MARKET 40
4.4 AVIATION BLOCKCHAIN MARKET, BY COUNTRY 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 41
5.2.1 DRIVERS 42
5.2.1.1 Increased transparency and traceability 42
5.2.1.2 Multivariate applications of blockchain 42
5.2.1.3 Reduced costs and transactional complexities 43
5.2.2 RESTRAINTS 43
5.2.2.1 Lack of regulations and common standards 43
5.2.3 OPPORTUNITIES 43
5.2.3.1 Integration of blockchain with other upcoming aviation technologies 43
5.2.4 CHALLENGES 44
5.2.4.1 Blockchain technology in its nascent stage 44
5.2.4.2 Slow integration and reluctance toward change in the aviation industry 44
6 INDUSTRY TRENDS 45
6.1 INTRODUCTION 45
6.2 TECHNOLOGY TRENDS 45
6.2.1 BLOCKCHAIN IN INTERNET OF THINGS (IOT) 45
6.2.1.1 Blockchain of things 45
6.2.2 BLOCKCHAIN IN ARTIFICIAL INTELLIGENCE (AI) 46
6.2.2.1 Autonomous blockchain 46
6.3 INDUSTRY ACTIVITIES AND PROJECTS 46
6.3.1 BLOCKCHAIN CHALLENGES AND RESEARCH PROJECTS 46
6.3.1.1 Aviation blockchain challenge 46
6.3.1.2 Aviation blockchain sandbox 46
6.4 CONSORTIUMS & ALLIANCES 47
6.4.1 COLLABORATIONS TO PROMOTE THE ADOPTION OF BLOCKCHAIN IN AVIATION 47
6.4.1.1 Enterprise Ethereum Alliance (EEA) 47
6.4.1.2 Hyperledger Consortium 47
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6.5 USE CASES 47
6.5.1 GE AVIATION FORMED PARTNERSHIP WITH MICROSOFT AZURE TO DEVELOP BLOCKCHAIN BASED SOLUTION TO STREAMLINE TRACKING OF AIRCRAFT PARTS AND REDUCE INEFFICIENCIES 47
6.5.2 AIR FRANCE KLM PARTNERED WITH WINDING TREE TO DEVELOP BLOCKCHAIN-BASED SOLUTION TO OFFER ATTRACTIVE TRAVEL TO CUSTOMERS 48
6.5.3 ACCENTURE IN COLLABORATION WITH THALES DEVELOPED BLOCKCHAIN PROTOTYPE SUPPLY CHAIN ACTIVITIES FOR AEROSPACE & DEFENSE INDUSTRY 48
6.5.4 SITA COLLABORATED WITH BRITISH AIRWAYS AND INTERNATIONAL AIRPORTS TO EXPLORE SMART CONTRACTS IN AVIATION INDUSTRY 48
6.5.5 SINGAPORE AIRLINES IS USING BLOCKCHAIN TO HELP PASSENGERS MAXIMIZE THEIR LOYALTY POINTS AND ENHANCE CUSTOMER EXPERIENCE 48
6.5.6 VOLANTIO IS HELPING AIRLINES AND PASSENGERS OVERCOME OVERBOOKING CHALLENGE USING BLOCKCHAIN TECHNOLOGY 49
6.5.7 AIR NEW ZEALAND PARTNERED WITH WINDING TREE TO LEVERAGE BLOCKCHAIN TO STREAMLINE OPERATIONS 49
6.5.8 RUSSIAN AIRLINE S7 IS USING BLOCKCHAIN-BASED PLATFORM TO SELL TICKETS 49
6.5.9 MOOG IS USING BLOCKCHAIN-BASED SOLUTION FOR 3D PRINTING OF AIRCRAFT PARTS 49
6.5.10 FIZZY IS A SMART CONTRACT FOR TRAVEL INSURANCE 49
7 AVIATION BLOCKCHAIN MARKET, BY END MARKET 50
7.1 INTRODUCTION 51
7.2 AIRLINES 52
7.2.1 AIRLINES CAN INCORPORATE BLOCKCHAIN IN CARGO & BAGGAGE TRACKING AND SMART CONTRACTS APPLICATIONS 52
7.3 MRO 52
7.3.1 BLOCKCHAIN IN MRO IS USED FOR SMART CONTRACTS, SUPPLY CHAIN MANAGEMENT, AND AIRCRAFT MAINTENANCE 52
7.4 AIRPORTS 53
7.4.1 AIRPORTS ARE ADOPTING BLOCKCHAIN IN SMART CARGO & BAGGAGE TRACKING, PASSENGER IDENTITY MANAGEMENT, AND SMART CONTRACTS 53
7.5 MANUFACTURERS 54
7.5.1 AIRCRAFT MANUFACTURERS ARE ADOPTING BLOCKCHAIN TECHNOLOGY TO INCREASE OPERATIONAL EFFICIENCY 54
7.6 LESSORS 54
7.6.1 LESSORS USE SMART CONTRACTS FOR SUPPLY CHAIN MANAGEMENT APPLICATIONS 54
?
8 AVIATION BLOCKCHAIN MARKET, BY APPLICATION 56
8.1 INTRODUCTION 57
8.2 CARGO & BAGGAGE TRACKING 58
8.2.1 BLOCKCHAIN CAN HELP IN TRACKING THE STATUS AND LOCATION OF VALUABLE ASSETS SUCH AS PASSENGER BAGS AND CARGO 58
8.3 PASSENGER IDENTITY MANAGEMENT 58
8.3.1 PASSENGER BIOMETRICS, PERSONAL DETAILS, AND TRAVEL HISTORY CAN BE STORED IN BLOCKCHAIN 58
8.4 FLIGHT & CREW DATA MANAGEMENT 59
8.4.1 BLOCKCHAIN SOLUTION PROVIDES REAL-TIME FLIGHT INFORMATION TO ALL STAKEHOLDERS 59
8.5 FREQUENT FLYER PROGRAMS 60
8.5.1 RECONCILIATION OF FREQUENT FLYER POINTS IS DONE BY TOKENIZING MILES FLOWN INTO A DIGITAL CURRENCY USING BLOCKCHAIN 60
8.6 SMART CONTRACTS 60
8.6.1 SMART CONTRACTS HELP STREAMLINE PROCUREMENT PROCESSES 60
8.6.2 TRAVEL INSURANCE 61
8.6.2.1 Smart contracts can track insurance claims 61
8.6.3 E-TICKETING & TICKET TOKENIZATION 62
8.6.3.1 E-ticketing & tokenization replaces the need for paper tickets 62
8.6.4 AIRCRAFT REFUELING 62
8.6.4.1 Use of smart contracts for aircraft refueling can automate the payment process eliminating delays 62
8.6.5 AIRLINE REVENUE SHARING 63
8.6.5.1 Blockchain presents an opportunity to create a unified system that uses predetermined criteria to share revenue 63
8.6.6 LEASING 63
8.6.6.1 Entire history of an aircraft can be traced and tracked using blockchain 63
8.7 SUPPLY CHAIN MANAGEMENT 63
8.7.1 BLOCKCHAIN TECHNOLOGY IS A VIABLE OPTION TO STREAMLINE THE PROCUREMENT PROCESS THROUGH THE USE OF SMART CONTRACTS 63
8.7.2 PARTS TRACKING 64
8.7.2.1 Blockchain-based supply chain solutions could efficiently track and trace the movement, modification, and maintenance of components 64
8.7.3 PARTS HEALTH MONITORING 65
8.7.3.1 Parts health monitoring enable users to accurately trace the components journey from the beginning 65
8.7.4 INVENTORY MANAGEMENT 65
8.7.4.1 Procurement strategy can be formulated by analyzing historical data and real-time health conditions using blockchain 65
8.8 AIRCRAFT MAINTENANCE 65
8.8.1 BLOCKCHAIN CAN BE USED TO TRACK THE FITNESS OF INDIVIDUAL PARTS OF AIRCRAFT BY MONITORING DATA 65
9 AVIATION BLOCKCHAIN MARKET, BY DEPLOYMENT 67
9.1 INTRODUCTION 68
9.2 PUBLIC 69
9.2.1 AVIATION-BASED APPLICATIONS OF PUBLIC BLOCKCHAIN INCLUDE TOKENIZATION AND CRYPTOCURRENCY 69
9.3 PRIVATE 69
9.3.1 PRIVATE BLOCKCHAIN IS PRIMARILY DEPLOYED FOR RECORD-KEEPING AND SECURED APPLICATIONS 69
9.4 HYBRID 70
9.4.1 HYBRID BLOCKCHAIN IS A COMBINATION OF PUBLIC AND PRIVATE BLOCKCHAINS 70
10 AVIATION BLOCKCHAIN MARKET, BY FUNCTION 71
10.1 INTRODUCTION 72
10.2 RECORD-KEEPING 72
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 72
10.3 TRANSACTIONS 73
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 73
11 AVIATION BLOCKCHAIN MARKET, BY VERTICAL 75
11.1 INTRODUCTION 75
11.2 CIVIL & COMMERCIAL 75
11.3 MILITARY 76
11.3.1 LOCATION AND AVAILABILITY OF PARTS 76
11.3.1.1 Authenticity of parts and supply 76
11.3.1.2 Smart contracts and payments 76
12 REGIONAL ANALYSIS 77
12.1 INTRODUCTION 78
12.2 NORTH AMERICA 79
12.2.1 US 82
12.2.1.1 Presence of major manufacturers and blockchain providers such as IBM, Microsoft, and Volantio is driving the market for aviation blockchain in the US 82
12.2.2 CANADA 83
12.2.2.1 Adoption of the blockchain in healthcare, media and entertainment, government bodies, and manufacturing verticals is fueling the market in Canada 83
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12.3 EUROPE 85
12.3.1 FRANCE 88
12.3.1.1 Partnerships and collaborations between aircraft manufacturers and tech companies is a major factor fueling the market for aviation blockchain in France 88
12.3.2 UK 90
12.3.2.1 Increasing adoption of blockchain technology to replace paper documents in airports is a significant driver of the aviation blockchain market in the UK 90
12.3.3 GERMANY 91
12.3.3.1 Government support is one of the major factors fueling the aviation blockchain market in Germany 91
12.3.4 RUSSIA 93
12.3.4.1 Successful execution of pilot blockchain projects by leading airlines in partnership with the banking sector is driving the aviation blockchain market in Russia 93
12.3.5 REST OF EUROPE 95
12.3.5.1 Increasing government initiatives toward adoption of blockchain are driving the market for aviation blockchain in Rest of Europe 95
12.4 ASIA PACIFIC 96
12.4.1 CHINA 99
12.4.1.1 Airlines and airports in China are embracing blockchain technology to provide self-service experience to passengers 99
12.4.2 INDIA 100
12.4.2.1 Presence of blockchain providers such as Infosys and Volantio is driving the market for aviation blockchain in India 100
12.4.3 SINGAPORE 102
12.4.3.1 Singapore Airline introduced blockchain-based solutions for frequent flyer program 102
12.4.4 AUSTRALIA 104
12.4.4.1 Partnerships between airlines and tech companies to identify new revenue streams leveraging blockchain are driving the market 104
12.4.5 REST OF ASIA PACIFIC 105
12.4.5.1 Increase in number of greenfield airports in developing countries is driving the market 105
12.5 REST OF THE WORLD 107
12.5.1 LATIN AMERICA 108
12.5.1.1 Presence of manufacturers such as Embraer and a large number of airports is driving the market for aviation blockchain in Latin America 108
12.5.2 MIDDLE EAST 110
12.5.2.1 Airlines and airports are adopting blockchain technology to enhance customer experience 110
12.5.3 AFRICA 112
12.5.3.1 Most of the aviation blockchain projects in Africa are in the R&D stage 112
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13 COMPETITIVE LANDSCAPE 114
13.1 INTRODUCTION 114
13.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 115
13.2.1 VISIONARY LEADERS 115
13.2.2 INNOVATORS 115
13.2.3 DYNAMIC DIFFERENTIATORS 115
13.2.4 EMERGING COMPANIES 115
13.3 COMPETITIVE SCENARIO 119
13.3.1 AGREEMENTS 119
13.3.2 NEW PRODUCT LAUNCHES 119
13.3.3 COLLABORATIONS & PARTNERSHIPS 120
13.3.4 OTHER STRATEGIES 123
14 COMPANY PROFILES 125
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 14BIS SUPPLY TRACKING (SAFEFLIGHTS INC.) 125
14.2 AERON LABS 126
14.3 AVINOC LTD 127
14.4 CREDITS.COM PTE. LTD. 128
14.5 FILAMENT 131
14.6 IBM 133
14.7 INFOSYS 137
14.8 INSOLAR TECHNOLOGIES 141
14.9 LEEWAYHERTZ TECHNOLOGIES 142
14.10 MICROSOFT CORPORATION 143
14.11 MOOG INC. 148
14.12 OLISTICS 150
14.13 PARTS PEDIGREE 151
14.14 QUILLHASH TECHNOLOGIES PVT. LTD. 152
14.15 SKYBUYS 154
14.16 SORABLOCKS 155
14.17 SWEETBRIDGE, INC. 156
14.18 VOLANTIO INC 157
14.19 WINDING TREE 158
14.20 ZAMNA TECHNOLOGIES LIMITED 159
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
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15 APPENDIX 160
15.1 DISCUSSION GUIDE 160
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 163
15.3 AVAILABLE CUSTOMIZATIONS 165
15.4 RELATED REPORTS 165
15.5 AUTHOR DETAILS 166
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 MARKET SCOPE 22
1.3.1 REGIONAL SCOPE 22
1.3.2 YEARS CONSIDERED FOR THE STUDY 23
1.4 CURRENCY 23
1.5 USD EXCHANGE RATES, 2016–2018 23
1.6 MARKET STAKEHOLDERS 24
2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
2.1.1 SECONDARY DATA 26
2.1.1.1 Secondary sources 27
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 28
2.1.2.2 Breakdown of primaries 28
2.1.3 MARKET DEFINITION & SCOPE 29
2.1.4 SEGMENT DEFINITIONS 29
2.1.4.1 Aviation blockchain market, by application 29
2.1.4.2 Aviation blockchain market, by end market 29
2.1.4.3 Aviation blockchain market, by deployment 29
2.1.4.4 Aviation blockchain market, by function 29
2.1.4.5 Aviation blockchain market, by vertical 29
2.2 RESEARCH APPROACH AND METHODOLOGY 29
2.2.1 BOTTOM-UP APPROACH 30
2.2.1.1 Aviation blockchain market 30
2.2.1.2 Aviation blockchain market, by end market 30
2.2.1.3 Aviation blockchain market, by application 31
2.2.1.4 Total aviation blockchain market, by country 31
2.2.2 TOP-DOWN APPROACH 32
2.2.2.1 Aviation blockchain market, by function and deployment 32
2.3 DATA TRIANGULATION & VALIDATION 32
2.3.1 TRIANGULATION THROUGH SECONDARY 32
2.3.2 TRIANGULATION THROUGH PRIMARIES 33
2.4 RESEARCH LIMITATIONS 34
2.5 RESEARCH ASSUMPTIONS 34
2.6 RISKS 35
3 EXECUTIVE SUMMARY 36
4 PREMIUM INSIGHTS 39
4.1 ATTRACTIVE OPPORTUNITIES IN AVIATION BLOCKCHAIN MARKET 39
4.2 AVIATION BLOCKCHAIN MARKET, BY APPLICATION 39
4.3 AVIATION BLOCKCHAIN MARKET, BY END MARKET 40
4.4 AVIATION BLOCKCHAIN MARKET, BY COUNTRY 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 41
5.2.1 DRIVERS 42
5.2.1.1 Increased transparency and traceability 42
5.2.1.2 Multivariate applications of blockchain 42
5.2.1.3 Reduced costs and transactional complexities 43
5.2.2 RESTRAINTS 43
5.2.2.1 Lack of regulations and common standards 43
5.2.3 OPPORTUNITIES 43
5.2.3.1 Integration of blockchain with other upcoming aviation technologies 43
5.2.4 CHALLENGES 44
5.2.4.1 Blockchain technology in its nascent stage 44
5.2.4.2 Slow integration and reluctance toward change in the aviation industry 44
6 INDUSTRY TRENDS 45
6.1 INTRODUCTION 45
6.2 TECHNOLOGY TRENDS 45
6.2.1 BLOCKCHAIN IN INTERNET OF THINGS (IOT) 45
6.2.1.1 Blockchain of things 45
6.2.2 BLOCKCHAIN IN ARTIFICIAL INTELLIGENCE (AI) 46
6.2.2.1 Autonomous blockchain 46
6.3 INDUSTRY ACTIVITIES AND PROJECTS 46
6.3.1 BLOCKCHAIN CHALLENGES AND RESEARCH PROJECTS 46
6.3.1.1 Aviation blockchain challenge 46
6.3.1.2 Aviation blockchain sandbox 46
6.4 CONSORTIUMS & ALLIANCES 47
6.4.1 COLLABORATIONS TO PROMOTE THE ADOPTION OF BLOCKCHAIN IN AVIATION 47
6.4.1.1 Enterprise Ethereum Alliance (EEA) 47
6.4.1.2 Hyperledger Consortium 47
?
6.5 USE CASES 47
6.5.1 GE AVIATION FORMED PARTNERSHIP WITH MICROSOFT AZURE TO DEVELOP BLOCKCHAIN BASED SOLUTION TO STREAMLINE TRACKING OF AIRCRAFT PARTS AND REDUCE INEFFICIENCIES 47
6.5.2 AIR FRANCE KLM PARTNERED WITH WINDING TREE TO DEVELOP BLOCKCHAIN-BASED SOLUTION TO OFFER ATTRACTIVE TRAVEL TO CUSTOMERS 48
6.5.3 ACCENTURE IN COLLABORATION WITH THALES DEVELOPED BLOCKCHAIN PROTOTYPE SUPPLY CHAIN ACTIVITIES FOR AEROSPACE & DEFENSE INDUSTRY 48
6.5.4 SITA COLLABORATED WITH BRITISH AIRWAYS AND INTERNATIONAL AIRPORTS TO EXPLORE SMART CONTRACTS IN AVIATION INDUSTRY 48
6.5.5 SINGAPORE AIRLINES IS USING BLOCKCHAIN TO HELP PASSENGERS MAXIMIZE THEIR LOYALTY POINTS AND ENHANCE CUSTOMER EXPERIENCE 48
6.5.6 VOLANTIO IS HELPING AIRLINES AND PASSENGERS OVERCOME OVERBOOKING CHALLENGE USING BLOCKCHAIN TECHNOLOGY 49
6.5.7 AIR NEW ZEALAND PARTNERED WITH WINDING TREE TO LEVERAGE BLOCKCHAIN TO STREAMLINE OPERATIONS 49
6.5.8 RUSSIAN AIRLINE S7 IS USING BLOCKCHAIN-BASED PLATFORM TO SELL TICKETS 49
6.5.9 MOOG IS USING BLOCKCHAIN-BASED SOLUTION FOR 3D PRINTING OF AIRCRAFT PARTS 49
6.5.10 FIZZY IS A SMART CONTRACT FOR TRAVEL INSURANCE 49
7 AVIATION BLOCKCHAIN MARKET, BY END MARKET 50
7.1 INTRODUCTION 51
7.2 AIRLINES 52
7.2.1 AIRLINES CAN INCORPORATE BLOCKCHAIN IN CARGO & BAGGAGE TRACKING AND SMART CONTRACTS APPLICATIONS 52
7.3 MRO 52
7.3.1 BLOCKCHAIN IN MRO IS USED FOR SMART CONTRACTS, SUPPLY CHAIN MANAGEMENT, AND AIRCRAFT MAINTENANCE 52
7.4 AIRPORTS 53
7.4.1 AIRPORTS ARE ADOPTING BLOCKCHAIN IN SMART CARGO & BAGGAGE TRACKING, PASSENGER IDENTITY MANAGEMENT, AND SMART CONTRACTS 53
7.5 MANUFACTURERS 54
7.5.1 AIRCRAFT MANUFACTURERS ARE ADOPTING BLOCKCHAIN TECHNOLOGY TO INCREASE OPERATIONAL EFFICIENCY 54
7.6 LESSORS 54
7.6.1 LESSORS USE SMART CONTRACTS FOR SUPPLY CHAIN MANAGEMENT APPLICATIONS 54
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8 AVIATION BLOCKCHAIN MARKET, BY APPLICATION 56
8.1 INTRODUCTION 57
8.2 CARGO & BAGGAGE TRACKING 58
8.2.1 BLOCKCHAIN CAN HELP IN TRACKING THE STATUS AND LOCATION OF VALUABLE ASSETS SUCH AS PASSENGER BAGS AND CARGO 58
8.3 PASSENGER IDENTITY MANAGEMENT 58
8.3.1 PASSENGER BIOMETRICS, PERSONAL DETAILS, AND TRAVEL HISTORY CAN BE STORED IN BLOCKCHAIN 58
8.4 FLIGHT & CREW DATA MANAGEMENT 59
8.4.1 BLOCKCHAIN SOLUTION PROVIDES REAL-TIME FLIGHT INFORMATION TO ALL STAKEHOLDERS 59
8.5 FREQUENT FLYER PROGRAMS 60
8.5.1 RECONCILIATION OF FREQUENT FLYER POINTS IS DONE BY TOKENIZING MILES FLOWN INTO A DIGITAL CURRENCY USING BLOCKCHAIN 60
8.6 SMART CONTRACTS 60
8.6.1 SMART CONTRACTS HELP STREAMLINE PROCUREMENT PROCESSES 60
8.6.2 TRAVEL INSURANCE 61
8.6.2.1 Smart contracts can track insurance claims 61
8.6.3 E-TICKETING & TICKET TOKENIZATION 62
8.6.3.1 E-ticketing & tokenization replaces the need for paper tickets 62
8.6.4 AIRCRAFT REFUELING 62
8.6.4.1 Use of smart contracts for aircraft refueling can automate the payment process eliminating delays 62
8.6.5 AIRLINE REVENUE SHARING 63
8.6.5.1 Blockchain presents an opportunity to create a unified system that uses predetermined criteria to share revenue 63
8.6.6 LEASING 63
8.6.6.1 Entire history of an aircraft can be traced and tracked using blockchain 63
8.7 SUPPLY CHAIN MANAGEMENT 63
8.7.1 BLOCKCHAIN TECHNOLOGY IS A VIABLE OPTION TO STREAMLINE THE PROCUREMENT PROCESS THROUGH THE USE OF SMART CONTRACTS 63
8.7.2 PARTS TRACKING 64
8.7.2.1 Blockchain-based supply chain solutions could efficiently track and trace the movement, modification, and maintenance of components 64
8.7.3 PARTS HEALTH MONITORING 65
8.7.3.1 Parts health monitoring enable users to accurately trace the components journey from the beginning 65
8.7.4 INVENTORY MANAGEMENT 65
8.7.4.1 Procurement strategy can be formulated by analyzing historical data and real-time health conditions using blockchain 65
8.8 AIRCRAFT MAINTENANCE 65
8.8.1 BLOCKCHAIN CAN BE USED TO TRACK THE FITNESS OF INDIVIDUAL PARTS OF AIRCRAFT BY MONITORING DATA 65
9 AVIATION BLOCKCHAIN MARKET, BY DEPLOYMENT 67
9.1 INTRODUCTION 68
9.2 PUBLIC 69
9.2.1 AVIATION-BASED APPLICATIONS OF PUBLIC BLOCKCHAIN INCLUDE TOKENIZATION AND CRYPTOCURRENCY 69
9.3 PRIVATE 69
9.3.1 PRIVATE BLOCKCHAIN IS PRIMARILY DEPLOYED FOR RECORD-KEEPING AND SECURED APPLICATIONS 69
9.4 HYBRID 70
9.4.1 HYBRID BLOCKCHAIN IS A COMBINATION OF PUBLIC AND PRIVATE BLOCKCHAINS 70
10 AVIATION BLOCKCHAIN MARKET, BY FUNCTION 71
10.1 INTRODUCTION 72
10.2 RECORD-KEEPING 72
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 72
10.3 TRANSACTIONS 73
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 73
11 AVIATION BLOCKCHAIN MARKET, BY VERTICAL 75
11.1 INTRODUCTION 75
11.2 CIVIL & COMMERCIAL 75
11.3 MILITARY 76
11.3.1 LOCATION AND AVAILABILITY OF PARTS 76
11.3.1.1 Authenticity of parts and supply 76
11.3.1.2 Smart contracts and payments 76
12 REGIONAL ANALYSIS 77
12.1 INTRODUCTION 78
12.2 NORTH AMERICA 79
12.2.1 US 82
12.2.1.1 Presence of major manufacturers and blockchain providers such as IBM, Microsoft, and Volantio is driving the market for aviation blockchain in the US 82
12.2.2 CANADA 83
12.2.2.1 Adoption of the blockchain in healthcare, media and entertainment, government bodies, and manufacturing verticals is fueling the market in Canada 83
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12.3 EUROPE 85
12.3.1 FRANCE 88
12.3.1.1 Partnerships and collaborations between aircraft manufacturers and tech companies is a major factor fueling the market for aviation blockchain in France 88
12.3.2 UK 90
12.3.2.1 Increasing adoption of blockchain technology to replace paper documents in airports is a significant driver of the aviation blockchain market in the UK 90
12.3.3 GERMANY 91
12.3.3.1 Government support is one of the major factors fueling the aviation blockchain market in Germany 91
12.3.4 RUSSIA 93
12.3.4.1 Successful execution of pilot blockchain projects by leading airlines in partnership with the banking sector is driving the aviation blockchain market in Russia 93
12.3.5 REST OF EUROPE 95
12.3.5.1 Increasing government initiatives toward adoption of blockchain are driving the market for aviation blockchain in Rest of Europe 95
12.4 ASIA PACIFIC 96
12.4.1 CHINA 99
12.4.1.1 Airlines and airports in China are embracing blockchain technology to provide self-service experience to passengers 99
12.4.2 INDIA 100
12.4.2.1 Presence of blockchain providers such as Infosys and Volantio is driving the market for aviation blockchain in India 100
12.4.3 SINGAPORE 102
12.4.3.1 Singapore Airline introduced blockchain-based solutions for frequent flyer program 102
12.4.4 AUSTRALIA 104
12.4.4.1 Partnerships between airlines and tech companies to identify new revenue streams leveraging blockchain are driving the market 104
12.4.5 REST OF ASIA PACIFIC 105
12.4.5.1 Increase in number of greenfield airports in developing countries is driving the market 105
12.5 REST OF THE WORLD 107
12.5.1 LATIN AMERICA 108
12.5.1.1 Presence of manufacturers such as Embraer and a large number of airports is driving the market for aviation blockchain in Latin America 108
12.5.2 MIDDLE EAST 110
12.5.2.1 Airlines and airports are adopting blockchain technology to enhance customer experience 110
12.5.3 AFRICA 112
12.5.3.1 Most of the aviation blockchain projects in Africa are in the R&D stage 112
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13 COMPETITIVE LANDSCAPE 114
13.1 INTRODUCTION 114
13.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 115
13.2.1 VISIONARY LEADERS 115
13.2.2 INNOVATORS 115
13.2.3 DYNAMIC DIFFERENTIATORS 115
13.2.4 EMERGING COMPANIES 115
13.3 COMPETITIVE SCENARIO 119
13.3.1 AGREEMENTS 119
13.3.2 NEW PRODUCT LAUNCHES 119
13.3.3 COLLABORATIONS & PARTNERSHIPS 120
13.3.4 OTHER STRATEGIES 123
14 COMPANY PROFILES 125
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 14BIS SUPPLY TRACKING (SAFEFLIGHTS INC.) 125
14.2 AERON LABS 126
14.3 AVINOC LTD 127
14.4 CREDITS.COM PTE. LTD. 128
14.5 FILAMENT 131
14.6 IBM 133
14.7 INFOSYS 137
14.8 INSOLAR TECHNOLOGIES 141
14.9 LEEWAYHERTZ TECHNOLOGIES 142
14.10 MICROSOFT CORPORATION 143
14.11 MOOG INC. 148
14.12 OLISTICS 150
14.13 PARTS PEDIGREE 151
14.14 QUILLHASH TECHNOLOGIES PVT. LTD. 152
14.15 SKYBUYS 154
14.16 SORABLOCKS 155
14.17 SWEETBRIDGE, INC. 156
14.18 VOLANTIO INC 157
14.19 WINDING TREE 158
14.20 ZAMNA TECHNOLOGIES LIMITED 159
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
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15 APPENDIX 160
15.1 DISCUSSION GUIDE 160
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 163
15.3 AVAILABLE CUSTOMIZATIONS 165
15.4 RELATED REPORTS 165
15.5 AUTHOR DETAILS 166
