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Automotive Blockchain Market Growth, Industry Key Players, Forecast 2023

Press Release

The global Automotive Blockchain Market is expected to witness ~21% CAGR during the period, 2018 to 2025.

Market Highlights:

The global blockchain technology is at an early stage of its innovation and major technological operators are still experimenting and exploring its capabilities. Though blockchain has its roots and major presence in the financial sector, the automotive industry is not far behind in implementing blockchain technology for its applications. It is technologically advanced and is characterized by stringent regulations regarding cybersecurity and data theft. Therefore, there is significant potential for blockchain technology as it is expected to speed up the transformation of automobiles towards decentralization. Blockchain technology can enable easier management of trusted information, while enabling access to critical data though maintaining information security. Once information is created in blockchain, it is difficult to change or delete by a single individual as they are verified and managed by automation and shared protocols.

The wide use of blockchain technologies in vehicles and the global increase in the sale of electric vehicles drive the automotive blockchain market. In addition, the growing support from governments to have a sound ICT infrastructure, rising purchasing power, and rising lifestyles are set to accelerate the market growth.

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Key Players:

The prominent players in the global automotive blockchain market include IBM Corporation (US), Microsoft Corporation (US), BigchainDB GmbH (Germany), carVertical (Estonia), Helbiz  (US), ShiftMobility (US), RSK Labs (Argentina), Tech Mahindra (India), HCL Technologies (India), and XAIN (Germany).

The major players in this market have adopted the strategies such as geographic expansion, product launch, collaboration, and mergers & acquisitions. The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding, geographically and improving the services.

Market Research Analysis:

In terms of region, the global market for the automotive blockchain is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold the largest market share during the forecast period, owing to growing production and sales of electric vehicles in China and Japan. Moreover, the growing development in blockchain technology across the country, leads to the growth of automotive blockchain market. For instance, in march, 2017, Chinese conglomerate, Wanxiang Group, known as the country’s biggest makers of automotive parts, launched a new startup accelerator to fund blockchain entrepreneurs.

North America automotive blockchain market is expected to grow at a significant rate during the forecast period owing to the presence of key players, such as IBM Corporation (US), Microsoft Corporation (US), and ShiftMobility (US).

Scope of the Report:

This study provides an overview of the global automotive blockchain market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive blockchain market by technology type, application, provider, propulsion, vehicle type, and region.

By Technology Type

  • Open Blockchain
  • Closed Blockchain
  • Consortium Blockchain
  • Hybrid Blockchain

By Application

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

By Provider

  • Middleware Provider
  • Infrastructure & Protocols Provider
  • Application & Solution Provider

By Propulsion

  • ICE Vehicle
  • Electric VehicleBattery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

By Region

  • North America
  • Asia-Pacific
  • Europe
  • Rest of the World

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. SCOPE OF THE REPORT

2.1. MARKET DEFINITION

2.2. SCOPE OF THE STUDY

2.2.1. DEFINITION

2.2.2. RESEARCH OBJECTIVE

2.2.3. ASSUMPTIONS

2.2.4. LIMITATIONS

2.3. RESEARCH PROCESS

2.3.1. PRIMARY RESEARCH

2.3.2. SECONDARY RESEARCH

2.4. MARKET SIZE ESTIMATION

2.5. FORECAST MODEL

3. MARKET LANDSCAPE

3.1. PORTER’S FIVE FORCES ANALYSIS

3.1.1. THREAT OF NEW ENTRANTS

3.1.2. BARGAINING POWER OF BUYERS

3.1.3. THREAT OF SUBSTITUTES

3.1.4. SEGMENT RIVALRY

3.1.5. BARGAINING POWER OF BUYERS

3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4. MARKET DYNAMICS

4.1. INTRODUCTION

4.2. MARKET DRIVERS

4.3. MARKET RESTRAINTS

4.4. MARKET OPPORTUNITIES

4.5. MARKET TRENDS

Continue….

LIST OF TABLES

TABLE 1 GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET: BY REGION, 2018–2025

TABLE 2 NORTH AMERICA: AUTOMOTIVE BLOCKCHAIN MARKET: BY COUNTRY, 2018–2025

TABLE 3 EUROPE: AUTOMOTIVE BLOCKCHAIN MARKET: BY COUNTRY, 2018–2025

TABLE 4 ASIA-PACIFIC: AUTOMOTIVE BLOCKCHAIN MARKET: BY COUNTRY, 2018–2025

TABLE 5 ROW: AUTOMOTIVE BLOCKCHAIN MARKET: BY REGION, 2018–2025

TABLE 6 GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET, BY TECHNOLOGY TYPE, BY REGIONS, 2018–2025

TABLE 7 NORTH AMERICA: AUTOMOTIVE BLOCKCHAIN MARKET, BY TECHNOLOGY TYPE, BY COUNTRY, 2018–2025

TABLE 8 EUROPE: AUTOMOTIVE BLOCKCHAIN MARKET, BY TECHNOLOGY TYPE, BY COUNTRY, 2018–2025

Continue…

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