IMARC Group’s latest report, titled “Automotive Blockchain Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the automotive blockchain market demand. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global automotive blockchain market size reached US$ 759.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 6,111.8 Million by 2032, exhibiting a growth rate (CAGR) of 25.6% during 2024-2032.
Automotive Blockchain Trends:
Automotive blockchain refers to the application of blockchain technology in the automotive sector. Blockchain is a digital, decentralized ledger that records every transaction made over a network of computers in an open, safe manner, doing away with the requirement for a central authority or third-party verification. The technology offers enhanced transparency, traceability, and security, which makes it highly suitable for numerous applications within the automotive industry. These applications range from supply chain management and financing to data security, autonomous vehicle development, and more.
Through blockchain, the automotive industry can maintain a secure and tamper-proof log of comprehensive information ranging from vehicle history, and origin of spare parts, to service history and much more. The shift towards digitization, coupled with the increasing complexity of automotive supply chains, has necessitated the use of advanced technologies like blockchain in the global automotive industry.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- Accenture plc
- BigchainDB GmbH
- carVertical
- ConsenSys
- GemOS
- HCL Technologies Limited (HCL Enterprise)
- International Business Machines Corporation
- Microsoft Corporation
- NXM Labs Inc
- ShiftMobility Inc
- Tech Mahindra Limited
Automotive Blockchain Market Growth and New Technology and Development:
The escalating need for efficient supply chain logistics majorly drives the global market. This can be supported by the rising demand for transparency and reduced fraud in automotive transactions. Blockchain’s capability to provide accurate provenance tracking and reduce the risk of counterfeit components is a significant factor driving its adoption in automotive supply chain management. Additionally, the increasing prominence of autonomous vehicles and connected cars necessitates robust data security measures, making blockchain an essential technology for these evolving segments.
The market is also being fueled by trends such as the emergence of Mobility as a Service (MaaS) and ride-sharing services that require secure and efficient transaction systems, which blockchain can provide. In addition, the growing inclination towards green manufacturing and the use of electric vehicles has led to the need for secure energy and infrastructure management, further strengthening the demand for blockchain solutions in the automotive sector. Furthermore, continuous technological advancements and growing partnerships between automotive players and blockchain providers are creating a positive market outlook.
Key Market Segmentation:
Breakup by Type:
- Public Blockchain
- Private Blockchain
- Hybrid Blockchain
Breakup by Provider:
- Application and Solution
- Middleware
- Infrastructure and Protocol
Breakup by Mobility Type:
- Personal Mobility
- Shared Mobility
- Commercial Mobility
Breakup by Application:
- Financing
- Mobility Solutions
- Smart Contract
- Supply Chain
Breakup by End User:
- OEMs
- Vehicle Owners
- Mobility as a Service Provider
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Automotive Blockchain Market Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Types Covered | Public Blockchain, Private Blockchain, Hybrid Blockchain |
| Providers Covered | Application and Solution, Middleware, Infrastructure and Protocol |
| Mobility Types Covered | Personal Mobility, Shared Mobility, Commercial Mobility |
| Applications Covered | Financing, Mobility Solutions, Smart Contract, Supply Chain |
| End Users Covered | OEMs, Vehicle Owners, Mobility as a Service Provider, Others |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Accenture plc, BigchainDB GmbH, carVertical, ConsenSys, GemOS, HCL Technologies Limited (HCL Enterprise), International Business Machines Corporation, Microsoft Corporation, NXM Labs Inc., ShiftMobility Inc., Tech Mahindra Limited, etc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the automotive blockchain market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global automotive blockchain market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter’s five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the automotive blockchain industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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