Report ID: SQMIG20R2040
Aviation Blockchain Market Size, Share, Growth Analysis, By Function(Record Keeping, and Transactions), By Application(Cargo and Baggage Tracking, Passenger Identity Management, Flight and Crew Data Management, Supply Chain Management), By End User(Airlines, Airports, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20R2040 |
Region:
Global |
Published Date: April, 2024
Pages:
203
|
Tables:
91 |
Figures:
72
Aviation Blockchain Market Insights
Global Aviation Blockchain Market size was valued at USD 770 million in 2022 and is poised to grow from USD 940.56 million in 2023 to USD 4661.73 billion by 2031, growing at a CAGR of 22.15% in the forecast period (2024-2031).
Aviation blockchain is a shared ledger that can be used for tracking, transactions, and building trust with clients or business peers. Increasing popularity of blockchain technology and the rapidly expanding aviation industry are estimated to be key factors driving the demand for aviation blockchain over the coming years. Growing air traffic, emphasis on optimization of airline operations, and the growing need for transparency in the aviation industry are other factors that could promote the adoption of aviation blockchain solutions in the future. Rising proliferation of digital technologies in the air industry is estimated to create new opportunities for aviation blockchain providers over the coming years. Use of blockchain technology can also improve flight data security and further boost the airline industry's growth in the long run.
Aviation Blockchain Market Report Snapshots
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