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:
Global Automotive Blockchain Market: By Application Segmentation Analysis
- Smart Contracts
- Supply Chain
- Financing
- Mobility Solutions
- Others
Global Automotive Blockchain Market: By Provider Segmentation Analysis
- Middleware Provider
- Infrastructure and Protocols Provider
- Application and Solution Provider
Global Automotive Blockchain Market: By Mobility Type Segmentation Analysis
- Personal Mobility
- Shared Mobility
- Commercial Mobility
Global Automotive Blockchain Market: 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
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
- The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.
Table of Content
Key Insights from Primary Research
- According to the primary research conducted with industry experts of the global automotive blockchain market, the market is predicted to foresee a substantial growth of nearly 30% over the projected period.
- As per primary respondents, the global automotive blockchain market is estimated to reach a market value of nearly USD 2,000 million from a market value of USD 300 million in 2019.
- The growing implementation of blockchain technology in supply chain management by OEM's has been a key growth driving factor for the global automotive blockchain market.
- On the basis of the application, the supply chain segment held a share of nearly 40% in the global automotive blockchain market in 2019.
- On the basis of region, North America segment is expected to hold a major share in the global automotive blockchain market. Technological developments in the automotive sector have been a key growth driving factor for the North America region.
- According to our primary respondents, the implementation of blockchain technology for identification and tracking is expected to create new avenues for the global automotive blockchain market.
Key Recommendations from Analysts
- According to our analysts, the growing demand for eMobility and on-demand services has boosted the data shared across various platforms which have been a key growth fueling factor for the global automotive blockchain market.
- The collaborations between OEM's and blockchain consulting firms who have deep knowledge regarding blockchain have also boosted the adoption of blockchain in the automotive sector.
- Our analysts predict that the Asia Pacific region is estimated to a significant growth attributed to the growing automotive sector in China and India.
- The emergence of smart vehicles and electric cars are creating new ways in which blockchain can be implemented in vehicles, which is expected to create new avenues for the global automotive blockchain market.
- According to our analysts, the rising cyber-attacks and the concerns regarding data privacy are likely to hamper the automotive blockchain market.
Industry Major Market Players
- 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
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