Industries > Automotive > Automotive Blockchain Market Report 2020-2030
Back to Automotive Reports
Automotive Blockchain Market Report 2020-2030

Automotive Blockchain Market Report 2020-2030

Market Forecasts by Application (Smart Contracts, Supply Chain, Financing, Mobility Solutions and Others), by Provider (Middleware Provider, Infrastructure and Protocols Provider and Application and Solution Provider), by Mobility Type (Personal Mobility, Shared Mobility and Commercial Mobility), by Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), by Technology Type (Open Blockchain, Closed Blockchain, Consortium Blockchain and Hybrid Blockchain), by Propulsion (ICE and Electric) with Regional and National Market Analysis and Financial Analysis of Leading Companies

PAGES: 191
PRODUCT CODE: AUT0125
SUBMARKET: ADAS & Autonomous Vehicles

DOWNLOAD FREE SAMPLE
WOOCS 2.2.1
DOWNLOAD FREE SAMPLE
SKU: AUT0125 Categories: , Tags: , ,

The global market for automotive blockchain is projected to grow with a CAGR of 31.1% during the forecast period from 2020-2030 and is estimated to reach $6.1 billion by 2030. The major drivers of growth for this market are increasing number of connected cars, increasing focus on reducing manipulation of data, the need for faster business transactions, better quality control, and technology advancement along with investment in R&D. The main drivers of development for the automotive blockchain industry are the advantages that blockchain technology offers such as real-time surveillance, auditability, and data scalability. The technology has also become an essential component of the automotive industry’s information technology (IT) budgets with increasing digitization. Blockchain is helpful in different fields such as mobility solutions, connected vehicles, supply chain logistics, retail and leasing, independent driving and IoT.

Blockchain can benefit the automotive industry in many ways. Using smart contracts and IOT, dealerships can automate several processes involved in car sales, service, warranty claim processing and much more. Moreover, it helps the buyer and seller to avoid middlemen or third parties to involve in transactions or insurance claims. This decentralised ledger technology can help to build a state of peacefulness in customers, manufacturers and service centers with it’s transparency and immutability. The applications of Blockchain in automobile industry range from crypto tokens to provide loyalty rewards to their customers to supply chain visibility solution which can hold the integrity of provenance of the vehicle. Maintaining a tamper proof log of all records such as service logs, details of wear and tear of spare parts etc can help the manufacturer to estimate the actual resale value of the vehicle.

Leading companies featured in the Automotive Blockchain Market Report 2020-2030 report include IBM, Accenture, Carblock, Carvertical, HCL Technologies, HELBIZ, MICROSOFT, NXM Labs, Tech Mahindra, and Xain among others. Mergers & acquisitions, expansion, and joint ventures constitute some of the industry players’ common strategies for reducing product price overall and maintaining extremely competitive conditions. In order to guarantee continued raw material supplies and ease of installation services, many players in the sector create alliances with raw material providers.

The comprehensive report provides market estimates and forecasts for leading domestic markets across the world for the period from 2019 to 2030. In addition, the report includes dedicated leading companies covering 10 leading automotive Blockchain industry producers.

The report on the Automotive Blockchain Market Report 2020-2030 will appreciate anyone who wants to better understand the market in various segment verticals. It will be useful for companies that want to better understand the part of the market in which they are already involved or those that want to enter or expand into another regional or technical part of the automotive Blockchain industry.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

Download sample pages

Complete the form below to download your free sample pages for Automotive Blockchain Market Report 2020-2030

    Related reports

    Download sample pages

    Complete the form below to download your free sample pages for Automotive Blockchain Market Report 2020-2030

      Connect with us

      Visiongain Automotive

      Visiongain Automotive

      Visiongain Automotive

      Latest Automotive news

      Visiongain Publishes Connected Vehicle Market Report 2024-2034

      The global Connected Vehicle market was valued at US$82.67 billion in 2023 and is projected to grow at a CAGR of 14.7% during the forecast period 2024-2034.

      24 April 2024

      READ
      Visiongain Publishes Automotive Electronics Market Report 2024-2034

      The global Automotive Electronics market was valued at US$270.7 million in 2023 and is projected to grow at a CAGR of 8.7% during the forecast period 2024-2034.

      15 April 2024

      READ
      Visiongain Publishes Automobile AI and Generative Design Market Report 2024-2034

      The global Automobile AI and Generative Design market was valued at US$630.7 million in 2023 and is projected to grow at a CAGR of 19% during the forecast period 2024-2034.

      02 April 2024

      READ
      Visiongain Publishes Vehicle to Grid (V2G) Market Report 2024-2034

      The global Vehicle to Grid (V2G) market was valued at US$3,391 million in 2023 and is projected to grow at a CAGR of 27.6% during the forecast period 2024-2034.

      08 March 2024

      READ