Global Automotive Blockchain Market Report and Forecast 2023-2028

Global Automotive Blockchain Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global automotive blockchain market reached a value of approximately USD 648.5 million in 2022. Aided by the increasing need for transparency and security in automotive transactions and the rising application of blockchain in connected vehicles, the market is projected to further grow at a CAGR of 17.28% between 2023 and 2028 to reach a value of USD 1893.5 million by 2028.

Blockchain, a decentralised and distributed digital ledger technology, offers significant potential in the automotive industry, particularly in areas such as supply chain transparency, secure transactions, and data privacy. Its ability to facilitate transparent and tamper-proof transactions makes it a highly valuable tool in various automotive applications, including vehicle tracking, finance, insurance, and autonomous driving.

The increasing need for transparency and security in automotive transactions is a major factor driving the global automotive blockchain market growth. Blockchain technology can enhance the trustworthiness of information pertaining to vehicle history, ownership, insurance, and other key details. By providing a transparent and tamper-proof digital record, blockchain helps mitigate issues related to fraud and data manipulation in automotive transactions, thus driving its market demand.

Another key driver bolstering the automotive blockchain market demand is the rise in the adoption of connected vehicles. As vehicles become more connected, the volume of data being generated and exchanged increases, creating a need for secure data management solutions. Blockchain technology offers a secure platform for storing and sharing vehicular data, ensuring data integrity and preventing unauthorised access or tampering.

Furthermore, the application of blockchain in automotive supply chain management is also boosting the automotive blockchain market expansion. By providing a transparent record of the entire supply chain, blockchain can help track the origin of parts, verify compliance with safety standards, and monitor the performance of suppliers. This ability to ensure supply chain transparency and accountability is significantly contributing to the increasing adoption of blockchain in the automotive industry.

In addition, the advent of autonomous vehicles presents significant growth opportunities for the automotive blockchain market. Autonomous vehicles require secure data exchange and trusted transactions for functions such as real-time traffic data sharing, toll payments, and vehicle-to-vehicle communication. Blockchain, with its decentralised and tamper-proof nature, can provide the necessary security and trust for these transactions, thus fostering the automotive blockchain market demand.

Market Segmentation

The market can be divided based on application, provider, mobility, and region.

Market Breakup by Application
  • Financing
  • Mobility Solutions
  • Smart Contracts
  • Supply Chain
Market Breakup by Provider
  • Application and Solutions
  • Middleware
  • Infrastructure and Protocol
Market Breakup by Mobility
  • Personal Mobility
  • Shared Mobility
  • Commercial Mobility
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automotive blockchain companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • Accenture Plc
  • IBM Corporation
  • Microsoft Corporation
  • carVertical, LLC
  • Helbiz (micromobility.com Inc.)
  • Tech Mahindra Ltd
  • HCL Technologies Limited
  • Marelli Holdings Co., Ltd.
  • NXM Labs, Inc.
  • BMW AG
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Blockchain Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Blockchain Historical Market (2018-2022)
8.3 Global Automotive Blockchain Market Forecast (2023-2028)
8.4 Global Automotive Blockchain Market by Application
8.4.1 Financing
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Mobility Solutions
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Smart Contracts
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Supply Chain
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.5 Global Automotive Blockchain Market by Provider
8.5.1 Application and Solutions
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Middleware
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Infrastructure and Protocol
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Automotive Blockchain Market by Mobility
8.6.1 Personal Mobility
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Shared Mobility
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Commercial Mobility
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Automotive Blockchain Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Automotive Blockchain Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Blockchain Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Blockchain Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Blockchain Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Blockchain Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Accenture Plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 IBM Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Microsoft Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 carVertical, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Helbiz (micromobility.com Inc.)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tech Mahindra Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 HCL Technologies Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Marelli Holdings Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 NXM Labs, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 BMW AG
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market

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