Aviation Blockchain Market

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 major factors driving the market include increased transparency and traceability and greater visibility in supply chain operations.

Major Aviation Blockchain Companies Include:

• 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)
• Moog Inc. (US)

These players have adopted growth strategies such as partnerships, funding, collaborations, and product launches to expand their presence further in the global aviation blockchain market. Of these strategies, partnerships and collaborations were leading were the most adopted strategies from 2017 to 2019.

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IBM (US) is a global technology and innovation company headquartered in New York. The company offers a wide range of technology and consulting services. It has a broad portfolio which includes predictive analytics, software development, and systems management. IBM also has the world's most advanced servers and supercomputers. The company offers its blockchain technology to help its clients with the transaction, tracking, and supply chain management. The company has been conducting significant R&D in new technologies such as artificial intelligence, quantum computing, security, cloud, nanotechnology, silicon, and post-silicon computing architectures.

Microsoft Corporation (US) is another major player in the aviation blockchain market. It is a leading developer of software systems for personal computers. The company offers blockchain products, solutions, and services through its intelligent cloud segment. Microsoft uses its cloud-based Azure to provide blockchain-based services. The company has proven its capabilities by working with companies such as Airbus (France), Lockheed Martin (US), NASA (US), and Japan Airlines (Japan).

Infosys (India) is a leading provider of consulting as well as technology services. The company provides a host of offerings to assist the adoption, integration, and realization of blockchain networks. Infosys serves more than 20 verticals, including aerospace and defense, retail, utilities, automotive, communications, education, financial services, healthcare, hospitality and leisure, industrial manufacturing, and oil & gas. The company has showcased its blockchain proof of concepts in the aerospace vertical for aircraft damage tracking and IP management for component design.

Related Reports:

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

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