Key Statistics Of Blockchain In The Aviation Industry

1. According to Markets and Markets, blockchain in airlines 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. 

1. The aviation blockchain market in North America is projected to grow at 25.2%, being the highest CAGR during the forecast period. North America is the most advanced region in terms of adopting new technologies and infrastructure. Increasing the rate of adoption of blockchain in air transportation is one of the major factors impacting the growth rate of this region. 

The stats of the aviation blockchain market, in different regions along the globe, from 2017 to 2025 are displayed below.

To understand the blockchain benefits for the airline industry we need to understand the use of blockchain in aviation.

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