Global Automotive Blockchain Market Size, Share

Industry Insights

[225+ Pages PDF Report] Global automotive blockchain market was approximately USD 300 Million in 2019 and is anticipated to reach over USD 2,000 Million by 2026, at a CAGR of 30% during the forecast period.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the automotive blockchain industry. The report analyzes and declares the historical and current trends analysis of the automotive blockchain industry and subsequently recommends the projected trends anticipated to be observed in the Automotive Blockchain Market during the upcoming years.

The Automotive Blockchain Market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Automotive Blockchain Market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the automotive blockchain industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the automotive blockchain industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Automotive Blockchain Market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the automotive blockchain industry. The Automotive Blockchain Market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the automotive blockchain sector. Key strategic developments in the Automotive Blockchain Market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Automotive Blockchain Market are appropriately highlighted in the report.

The Automotive Blockchain Market research report delivers an acute valuation and taxonomy of the automotive blockchain industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the automotive blockchain industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the automotive blockchain industry is provided for the leading economies of the world.

Blockchain refers to passing to transferring information from one point to another by using an automated platform in a safe manner. Blockchain is a database that has blocks connected to each other. Blockchain is utilized in automotive applications such as data exchange, supply chain management, vehicle safety, and data security, smart insurance, etc. One of the key applications of blockchain is in the identification and tracking of vehicles. Blockchain can be used for uniquely identifying every single vehicle parts while maintaining data privacy.

The automotive sector has always been keen on developing or adopting new technologies that streamline operations, enhancing operational efficiency, generate revenue, etc. which has led to the development of smart vehicles. A growing number of smart vehicles are being integrated with and connected to roadside infrastructure, e.g. traffic management systems and the internet. With the emergence of such technologies, the demand for effective connectivity solutions has increased among OEMs for a higher degree of connectivity, which has fueled the development of blockchain technology in the automotive sector. Further, the integration of blockchain technology into applications such as Vehicle Insurance, Identification & Tracking, etc. is likely to create new avenues for the global Automotive Blockchain Market.

The Automotive Blockchain Market is segmented based on drug type and region. On the basis of application segmentation, the Automotive Blockchain Market is classified into smart contracts, supply chain, financing, mobility solutions, and others. Based on the provider, the Automotive Blockchain Market is classified into middleware provider, infrastructure and protocols provider, and application and solution provider. Based on mobility type, the Automotive Blockchain Market is classified into personal mobility, shared mobility, and commercial mobility.

Top Market Players

Some of the essential players operating in the Automotive Blockchain Market, but not restricted to include Accenture, Bigchaindb, Carblock, Carvertical, Consensys, Context Labs, Cube, Dashride, Ethereum, Factom Inc., Foam, GEM, HCL Technologies, Helbiz, IBM, Mesosphere Inc., Microsoft, NXM Labs, Oaken Innovations, Productive Edge LLC, Project Provenance Ltd., Ripple Labs Inc., RSK Labs, Shiftmobility, Tech Mahindra, Xain, and others.

The taxonomy of the automotive blockchain market by its scope and segmentation is as follows:

By Application Segmentation Analysis

• Smart Contracts
• Supply Chain
• Financing
• Mobility Solutions
• Others

By Provider Segmentation Analysis

• Middleware Provider
• Infrastructure and Protocols Provider
• Application and Solution Provider

By Mobility Type Segmentation Analysis

• Personal Mobility
• Shared Mobility
• Commercial Mobility

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa