SAN FRANCISCO – A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Aviation Blockchain – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Aviation Blockchain Market

Edition: 6; Released: January 2022
Executive Pool: 644
Companies: 36 – Players covered include 14bis Supply Tracking (Safeflights Inc.); Aeron Labs; Avinoc LTD; Credits.Com Pte. LTD.; Filament; IBM; Infosys; Insolar Technologies; Leewayhertz Technologies; Microsoft Corporation and Others.
Coverage: All major geographies and key segments
Segments: Function (Transactions, Record Keeping); Application (Passenger Identity Management, Cargo & Baggage Tracking, Flight & Crew Data Management, Supply Chain Management, Other Applications); End-Use (Airports, Airlines, Other End-Uses)
Geographies: World; United StatesCanadaJapanChinaEurope (FranceGermanyItalyUnited Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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Global Aviation Blockchain Market to Reach $1.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Aviation Blockchain estimated at US$497.4 Million, is projected to reach a revised size of US$1.4 Billion by 2026, growing at a CAGR of 18.8% over the analysis period. Hybrid, one of the segments analyzed in the report, is projected to record a 17.6% CAGR and reach US$655.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Public segment is readjusted to a revised 20.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $182.8 Million in 2021, While China is Forecast to Reach $253.3 Million by 2026
The Aviation Blockchain market in the U.S. is estimated at US$182.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$253.3 Million by the year 2026 trailing a CAGR of 18.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.7% and 16% respectively over the analysis period. Within EuropeGermany is forecast to grow at approximately 13.2% CAGR.

Private Segment to Reach US$347.3 Million by the year 2026
In the global Private segment, USACanadaJapanChina and Europe will drive the 18.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$98.7 Million will reach a projected size of US$322.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

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Source: Global Industry Analysts, Inc.