One trend in the market is emergence of smart airports. Over the last two decades, the business model and airport operations of the airlines have witnessed a drastic change in accordance with the exponential growth of the global aviation industry. Therefore, both the airport authorities and airlines have been looking for an alternative approach to manage the complex ecosystem of aviation operations.
According to the report, one driver in the market is blockchain integration into aviation. The information in the aviation industry is deemed to be very sensitive and complex. Integration of blockchain into the industry can lead to vast improvements in the operational efficiency of the whole workflow. Blockchain technology may be incorporated by manufacturers and airline operators alike for comprehensive data sharing and reconciliation, leading to reduction of complexities associated with cross-enterprise business processes
Further, the report states that one challenge in the market is concerns over security breach. Big data can revolutionize the world with its predictive power. The collection of huge data sets for legitimate analysis by computers may be at risk of becoming available for abuse by miscreants. The possible impacts of a cyberattack range from endangering the safety of an aircraft to affecting operational reliability, financial health, and business continuity.
Key Players
Airbus
Amazon
IBM
Intel
Microsoft
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
Market definition
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
Comparison by application
Airline and airport operations - Market size and forecast 2017-2022
Manufacturing and MRO activities - Market size and forecast 2017-2022
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