Artificial Intelligence
Global Aviation Blockchain Markets, 2019-2025 – A $1.39 Billion Industry Opportunity by 2025, Driven by Increased Transparency & Traceability of Operations
Dublin, Jan. 21, 2020 (GLOBE NEWSWIRE) — The “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” report has been added to ResearchAndMarkets.com’s offering.
This 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.
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.
The global 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.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Aviation Blockchain Market
4.2 Market, By Application
4.3 Market, By End Market
4.4 Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Transparency and Traceability
5.2.1.2 Multivariate Applications of Blockchain
5.2.1.3 Reduces Costs and Transactional Complexities
5.2.2 Restraints
5.2.2.1 Lack of Regulations and Common Standards
5.2.3 Opportunities
5.2.3.1 Integration of Blockchain with Other Upcoming Aviation Technologies
5.2.4 Challenges
5.2.4.1 Blockchain Technology in Its Nascent Stage
5.2.4.2 Slow Integration and Reluctance Towards Change in the Aviation Industry
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Blockchain in Internet of Things (IoT)
6.2.1.1 Blockchain of Things
6.2.2 Blockchain in Artificial Intelligence (AI)
6.2.2.1 Autonomous Blockchain
6.3 Industry Activities and Projects
6.3.1 Blockchain Challenges and Research Projects
6.3.1.1 Aviation Blockchain Challenge
6.3.1.2 Aviation Blockchain Sandbox
6.4 Consortiums & Alliances
6.4.1 Collaborations to Promote the Adoption of Blockchain in Aviation
6.4.1.1 Enterprise Ethereum Alliance (EEA)
6.4.1.2 Hyperledger Consortium
6.5 Use Cases
6.5.1 GE Aviation Formed Partnership With Microsoft Azure to Develop Blockchain Based Solution to Streamline Tracking of Aircraft Parts and Reduce Inefficiencies
6.5.2 Air France KLM Partnered With Winding Tree to Develop Blockchain Based Solution to Offer Customers Attractive Travel Offer
6.5.3 Accenture in Collaboration With Thales Developed Blockchain Prototype Supply Chain Activities for Aerospace and Defense
6.5.4 Sita Collborated With British Airways, Heathrow, Geneva Airport, and Miami International Airport to Explore Smart Contract for Various Aspect of Aviation Industry
6.5.5 Singapore Airlines is Using Blockchain to Help Passengers Maximize Their Loyalty Points and Enhance Customer Experience
6.5.6 Volantio is Helping Airlines and Passengers Overcome the Overbooking Challenge Using Blockchain Technology
6.5.7 Air Newzealand Partnered With Winding Tree to Leverage Blockchain to Streamline Operations
6.5.8 Russian Airline S7 is Using Blockchain Based Platformfor Ticketing
6.5.9 Moog is Using Blockchain Based Solution for 3D Printing of Aircraft Parts
6.5.10 Fizzy, a Smart Contract for Travel Insurance Will Reinforce Trust By Ensuring Total Transparency in Making Policy Payouts.
7 Aviation Blockchain Market, By End Market
7.1 Introduction
7.2 Airlines
7.2.1 Airlines Can Incorporate Blockchain in Cargo & Baggage Tracking and Smart Contracts Applications
7.3 Mro
7.3.1 Blockchain in Mro is Used for Smart Contracts, Supply Chain Management, and Aircraft Maintenance
7.4 Airports
7.4.1 Airports are Adopting Blockchain in Smart Cargo & Baggage Tracking, Passenger Identity Management, and Smart Contracts
7.5 Manufacturers
7.5.1 Aircraft Manufacturers are Adopting Blockchain Technology to Increase Operational Efficiency
7.6 Lessors
7.6.1 Lessors use Smart Contracts for Supply Chain Management Applications
8 Aviation Blockchain Market, By Application
8.1 Introduction
8.2 Cargo & Baggage Tracking
8.2.1 Blockchain Can Help in Tracking the Status and Location of Valuable Assets Such as Passenger Bags and Cargo
8.3 Passenger Identity Management
8.3.1 Passenger Biometrics, Personal Details, and Travel History Can be Stored in Blockchain
8.4 Flight & Crew Data Management
8.4.1 Real-Time Availability of Flight Can be Shared With All Parties Involved By Using a Blockchain Solution
8.5 Frequent Flyer Programs
8.5.1 Reconciliation of Frequent Flyer Points By Tokenizing Miles Flown Into a Digital Currency Using Blockchain
8.6 Smart Contracts
8.6.1 Smart Contract is a Computer Program, Which Can be Used to Verify or Enforce Rules Between Two Parties
8.6.2 Travel Insurance
8.6.2.1 Smart Contracts Can Track Insurance Claims and Hold Either Party Accountable
8.6.3 E-Ticketing & Ticket Tokenization
8.6.3.1 Blockchain Will Ensure Tokens are Used as Per Guidelines and Provide Real-Time Information on Customers’ Spending
8.6.4 Aircraft Refueling
8.6.4.1 Post-Completion of Refueling, Payment is Automatically Made Fixing the Initial Fuel Volume and Its Price Using a Blockchain Solution
8.6.5 Airline Revenue Sharing
8.6.5.1 Blockchain Presents an Opportunity to Create a Unified System That Uses Predetermined Criteria to Share Revenue Immediately
8.6.6 Leasing
8.6.6.1 Entire History of an Aircraft Can be Traced and Tracked Using Blockchain
8.7 Supply Chain Management
8.7.1 Blockchain Technology is a Viable Option to Streamline the Procurement Process Through the use of Smart Contracts
8.7.2 Parts Tracking
8.7.2.1 Blockchain-Based Supply Chain Solutions Could Efficiently Track and Trace the Movement, Modification, and Maintenance of Components
8.7.3 Parts Health Monitoring
8.7.3.1 Users Will be Able to Accurately Trace the Components Journey From the Beginning
8.7.4 Inventory Management
8.7.4.1 Procurement Strategy Can be Formulated By Analyzing Historical Data and Real-Time Health Conditions Using Blockchain
8.8 Aircraft Maintenance
8.8.1 Blockchain Can be Used to Track the Fitness of Individual Parts of the Aircraft By Monitoring Data Such as Date of Manufacture, and Depreciation
9 Aviation Blockchain Market, By Deployment
9.1 Introduction
9.2 Public
9.2.1 Aviation-Based Applications of Public Blockchain is Mainly Deployed for Tokenization and Cryptocurrency
9.3 Private
9.3.1 Private Blockchain is Primarily Deployed for Record-Keeping and Secured Applications
9.4 Hybrid
9.4.1 Hybrid Blockchain is a Combination of Public and Private Blockchains
10 Aviation Blockchain Market, By Function
10.1 Introduction
10.2 Record-Keeping
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
10.3 Transactions
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
11 Aviation Blockchain Market, By Vertical
11.1 Introduction
11.2 Civil & Commercial Aviation
11.3 Military Aviation
11.3.1 Location and Availability of Parts
11.3.1.1 Authenticity of Parts and Supply
11.3.1.2 Smart Contracts and Payments
12 Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 US
12.2.1.1 Presence of Major Manufacturers and Blockchain Provider Such as IBM, Microsoft, and Volantio is Driving the Market for Aviation Blockchain in the US
12.2.2 Canada
12.2.2.1 Adoption of the Blockchain in Healthcare, Media and Entertainment, Government Bodies, and Manufacturing Verticals is Fueling the Market in Canada
12.3 Europe
12.3.1 France
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
12.3.2 UK
12.3.2.1 Increasing Adoption of Blockchain Technology to Replace Paper Documents in Airports is a Major Driver of the Blockchain Market in the UK
12.3.3 Germany
12.3.3.1 Government Support is One of the Major Factors Fueling the Aviation Blockchain Market in Germany
12.3.4 Russia
12.3.4.1 Russian Airline S7 Have Introduced Joint Smart-Contracts, Developed and Implemented Blockchain
12.3.5 Rest of Europe
12.3.5.1 Increasing Government Initiatives Toward Adoption of Blockchain are Driving the Market for Aviation Blockchain in Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.1.1 Airlines and Airports in China are Embracing Blockchain Technology to Provide Self-Service Experience to Passengers
12.4.2 India
12.4.2.1 Presence of Blockchain Providers Such as Infosys and Volantio is Driving the Market for Aviation Blockchain
12.4.3 Singapore
12.4.3.1 Singapore Airline Introduced Blockchain-Based Solutions for Frequent Flyer Program
12.4.4 Australia
12.4.4.1 Partnerships Between Airlines and Tech Companies to Identify New Revenue Stream Leveraging Blockchain is Driving the Market
12.4.5 Rest of Asia Pacific
12.4.5.1 Increase in Number of Greenfield Airports in Developing Countries is Driving the Market
12.5 Rest of the World
12.5.1 Latin America
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
12.5.2 Middle East
12.5.2.1 Airlines and Airports are Adopting Blockchain Technology to Enhance Customer Experience
12.5.3 Africa
12.5.3.1 Most of the Aviation Blockchain Projects in Africa are in the R&D Stage
13 Competitive Landscape
13.1 Introduction
13.2 Competitive Leadership Mapping (Overall Market)
13.2.1 Visionary Leaders
13.2.2 Innovators
13.2.3 Dynamic Differentiators
13.2.4 Emerging Companies
13.3 Competitive Scenario
13.3.1 Contracts& Agreements
13.3.2 New Product Launches
13.3.3 Collaborations & Partnerships
13.3.4 Other Strategies
14 Company Profiles
14.1 14bis Supply Tracking (Safeflights Inc.)
14.2 Aeron Labs
14.3 Avinoc Ltd.
14.4 Credits.Com Pte. Ltd.
14.5 Filament
14.6 IBM
14.7 Infosys
14.8 Insolar Technologies
14.9 LeewayHertz Technologies
14.10 Microsoft Corporation
14.11 Moog Inc.
14.12 Olistics
14.13 Parts Pedigree
14.14 Quillhash Technologies Pvt. Ltd.
14.15 Skybuys
14.16 Sorablocks
14.17 Sweetbridge Inc.
14.18 Volantio Inc.
14.19 Winding Tree
14.20 Zamna Technologies Limited
For more information about this report visit https://www.researchandmarkets.com/r/xxp584
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Artificial Intelligence
IG Canada Announces Enhanced Trading Platform for Enhanced User Experience
Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.
IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053
View original content:https://www.prnewswire.co.uk/news-releases/ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience-302127189.html
Artificial Intelligence
Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment
This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment-302126952.html
Artificial Intelligence
Homestyler to Recruit First Batch of Global Partners in 20 Countries
MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.
Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.
View original content:https://www.prnewswire.co.uk/news-releases/homestyler-to-recruit-first-batch-of-global-partners-in-20-countries-302127111.html
-
Uncategorized6 days ago
Generative AI gold rush drives IT spending — with payoff in question
-
Uncategorized6 days ago
Do underwriters trust artificial intelligence?
-
Uncategorized6 days ago
Hans Jonas on Responsibility in the Age of Artificial Intelligence
-
Uncategorized6 days ago
Meta AI Assistant Adds Website, Expands Beyond US
-
Artificial Intelligence6 days ago
Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
-
Uncategorized6 days ago
Can artificial intelligence reduce vehicle time to market?
-
Uncategorized6 days ago
The Ottawa Hospital doctors to try AI for patient notes
-
Artificial Intelligence5 days ago
Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions