Global Aviation Blockchain Market Insights, Size and Growth Forecast To 2027
Global aviation blockchain market likely to propel due to the blockchain reduced costs and transactional complexities and help in increased transparency and traceability. The global aviation blockchain market size was valued at USD 398.37 Million in 2019 and projected to reach USD 1744.82 Million by 2027, registering a CAGR of 17.43% during the forecast period 2020-2027. The primary factors are growing demand for air travel around the globe to address the rising air passenger traffic and boosting greenfield & brownfield airport projects. Additionally, the surge in the applications of blockchain to reduce maintenance costs improved passenger experience, improved traceability & transparency of operations, and reduction in transactional complexities will spur the growth of the global aviation blockchain market in the projected periods. Moreover, the growing demand for blockchain to the removal of the risk of fraud, fast transaction settlements, and establishment...