Automotive Blockchain Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Blockchain Market
The automotive blockchain market size was valued at USD 468.0 million in 2023, and the market is now projected to grow from USD 672.0 million in 2024 to USD 7379.2 million by 2032, exhibiting a CAGR of 34.9% during the forecast period of 2024-2032.
The COVID 19 has impacted the integrated automotive industry around the world through a reduction in sales and production of automobiles and revenue for service and tech-oriented car industries. Nevertheless, the market is expected to hit the ground running and achieve a growth rate between 2024 and 2032.
The emitter quadrant is resultative and is fostered by technology such as IoT and telematics thus requiring secure digital identity and data authenticity. Blockchain provides a highly secure environment specifically for tracking and monitoring identities and encrypted secure message passing for vehicles and infrastructures throughout the automotive environment.
Auto parts and components information databased with automotive blockchain helping OEMs track the likes of modifications and original manufacturers. This capability makes recall and upgrade easy and selective, because OEMs can obtain accurate details on parts fitted in cars sold to clients.
Comprehensive Analysis of Automotive Blockchain Market
The automotive blockchain market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by application analysis, by provider analysis, and by mobility type analysis. By application analysis include smart contracts, supply chain, financing, mobility solutions, and others. By provider analysis include application & solution, infrastructure & protocols, and middleware. By mobility type analysis include personal mobility, shared mobility, and commercial mobility.
The North America region lead the automotive blockchain market share by benefitting a market size of USD 206.2 billion in 2023 due to significant investments by technology providers in the blockchain platform.
The top players in the markets have a central responsibility in the automotives industry to be sure of industrial prospectus development and to establish the market norms. These players include, Microsoft, BigchainDB GmbH, IBM Corporation, ShiftMobility Inc., Accenture, Tech Mahindra Limited, GEM, HCL Technologies Limited, NXM Labs, Inc., CONSENSYS these market players provide a level-playing competitive landscape.
In March 2024, NXP launched the S32 CoreRide platform to accelerate Software-Defined Vehicle development, addressing challenges automakers face in shifting from traditional multi-ECU systems to zoned or centralized processing.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2019-2032
Base Year
2023
Estimated Year
2024
Forecast Period
2024-2032
Historical Period
2019-2022
Unit
Value (USD million)
Segmentation
By Application
Smart Contracts
Supply Chain
Financing
Mobility Solutions
Others
By Provider
Middleware
Infrastructure and Protocols
Application and Solution
By Mobility Type
Personal Mobility
Shared Mobility
Commercial Mobility
By Geography
North America (By Application, By Provider, By Mobility Type)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Rest of Europe (By Application)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Impact of COVID-19 Pandemic on Global Automotive Blockchain Market
- 5. Global Automotive Blockchain Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Application
- 5.2.1. Smart Contracts
- 5.2.2. Supply Chain
- 5.2.3. Financing
- 5.2.4. Mobility Solutions
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast - By Provider
- 5.3.1. Middleware
- 5.3.2. Infrastructure and Protocols
- 5.3.3. Application and Solution
- 5.4. Market Analysis, Insights and Forecast - By Mobility Type
- 5.4.1. Personal Mobility
- 5.4.2. Shared Mobility
- 5.4.3. Commercial Mobility
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Automotive Blockchain Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Application
- 6.1.1. Smart Contracts
- 6.1.2. Supply Chain
- 6.1.3. Financing
- 6.1.4. Mobility Solutions
- 6.1.5. Others
- 6.2. Market Analysis, Insights and Forecast - By Provider
- 6.2.1. Middleware
- 6.2.2. Infrastructure and Protocols
- 6.2.3. Application and Solution
- 6.3. Market Analysis, Insights and Forecast - By Mobility Type
- 6.3.1. Personal Mobility
- 6.3.2. Shared Mobility
- 6.3.3. Commercial Mobility
- 6.4. Market Analysis, Insights and Forecast - By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast - By Application
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast - By Application
- 6.4.3. Mexico
- 6.4.3.1. Market Analysis, Insights and Forecast - By Application
- 7. Europe Automotive Blockchain Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Application
- 7.1.1. Smart Contracts
- 7.1.2. Supply Chain
- 7.1.3. Financing
- 7.1.4. Mobility Solutions
- 7.1.5. Others
- 7.2. Market Analysis, Insights and Forecast - By Provider
- 7.2.1. Middleware
- 7.2.2. Infrastructure and Protocols
- 7.2.3. Application and Solution
- 7.3. Market Analysis, Insights and Forecast - By Mobility Type
- 7.3.1. Personal Mobility
- 7.3.2. Shared Mobility
- 7.3.3. Commercial Mobility
- 7.4. Market Analysis, Insights and Forecast - By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast - By Application
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast - By Application
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast - By Application
- 7.4.4. Rest of Europe
- 7.4.4.1. Market Analysis, Insights and Forecast - By Application
- 8. Asia Pacific Automotive Blockchain Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Application
- 8.1.1. Smart Contracts
- 8.1.2. Supply Chain
- 8.1.3. Financing
- 8.1.4. Mobility Solutions
- 8.1.5. Others
- 8.2. Market Analysis, Insights and Forecast - By Provider
- 8.2.1. Middleware
- 8.2.2. Infrastructure and Protocols
- 8.2.3. Application and Solution
- 8.3. Market Analysis, Insights and Forecast - By Mobility Type
- 8.3.1. Personal Mobility
- 8.3.2. Shared Mobility
- 8.3.3. Commercial Mobility
- 8.4. Market Analysis, Insights and Forecast - By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast - By Application
- 8.4.2. Japan
- 8.4.2.1. Market Analysis, Insights and Forecast - By Application
- 8.4.3. India
- 8.4.3.1. Market Analysis, Insights and Forecast - By Application
- 8.4.4. South Korea
- 8.4.4.1. Market Analysis, Insights and Forecast - By Application
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast - By Application
- 9. Rest of the World Automotive Blockchain Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Application
- 9.1.1. Smart Contracts
- 9.1.2. Supply Chain
- 9.1.3. Financing
- 9.1.4. Mobility Solutions
- 9.1.5. Others
- 9.2. Market Analysis, Insights and Forecast - By Provider
- 9.2.1. Middleware
- 9.2.2. Infrastructure and Protocols
- 9.2.3. Application and Solution
- 9.3. Market Analysis, Insights and Forecast - By Mobility Type
- 9.3.1. Personal Mobility
- 9.3.2. Shared Mobility
- 9.3.3. Commercial Mobility
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Rank Analysis (2023)
- 10.3. Competitive Dashboard
- 10.4. Comparative Analysis - Major Players
- 10.5. Company Profiles
- 10.5.1. Microsoft (Washington, U.S.)
- 10.5.1.1. Overview
- 10.5.1.2. Products & Services
- 10.5.1.3. SWOT Analysis
- 10.5.1.4. Recent Developments
- 10.5.1.5. Strategies
- 10.5.1.6. Financials (Based on Availability)
- 10.5.2. BigchainDB GmbH (Berlin, Germany)
- 10.5.2.1. Overview
- 10.5.2.2. Products & Services
- 10.5.2.3. SWOT Analysis
- 10.5.2.4. Recent Developments
- 10.5.2.5. Strategies
- 10.5.2.6. Financials (Based on Availability)
- 10.5.3. IBM Corporation (New York, U.S.)
- 10.5.3.1. Overview
- 10.5.3.2. Products & Services
- 10.5.3.3. SWOT Analysis
- 10.5.3.4. Recent Developments
- 10.5.3.5. Strategies
- 10.5.3.6. Financials (Based on Availability)
- 10.5.4. ShiftMobility Inc. (California, U.S.)
- 10.5.4.1. Overview
- 10.5.4.2. Products & Services
- 10.5.4.3. SWOT Analysis
- 10.5.4.4. Recent Developments
- 10.5.4.5. Strategies
- 10.5.4.6. Financials (Based on Availability)
- 10.5.5. Accenture (Dublin, Ireland)
- 10.5.5.1. Overview
- 10.5.5.2. Products & Services
- 10.5.5.3. SWOT Analysis
- 10.5.5.4. Recent Developments
- 10.5.5.5. Strategies
- 10.5.5.6. Financials (Based on Availability)
- 10.5.6. Tech Mahindra Limited (Pune, India)
- 10.5.6.1. Overview
- 10.5.6.2. Products & Services
- 10.5.6.3. SWOT Analysis
- 10.5.6.4. Recent Developments
- 10.5.6.5. Strategies
- 10.5.6.6. Financials (Based on Availability)
- 10.5.7. GEM (California, U.S.)
- 10.5.7.1. Overview
- 10.5.7.2. Products & Services
- 10.5.7.3. SWOT Analysis
- 10.5.7.4. Recent Developments
- 10.5.7.5. Strategies
- 10.5.7.6. Financials (Based on Availability)
- 10.5.8. HCL Technologies Limited (Noida, India)
- 10.5.8.1. Overview
- 10.5.8.2. Products & Services
- 10.5.8.3. SWOT Analysis
- 10.5.8.4. Recent Developments
- 10.5.8.5. Strategies
- 10.5.8.6. Financials (Based on Availability)
- 10.5.9. NXM Labs, Inc. (California, U.S.)
- 10.5.9.1. Overview
- 10.5.9.2. Products & Services
- 10.5.9.3. SWOT Analysis
- 10.5.9.4. Recent Developments
- 10.5.9.5. Strategies
- 10.5.9.6. Financials (Based on Availability)
- 10.5.10. CONSENSYS (New York, U.S.)
- 10.5.10.1. Overview
- 10.5.10.2. Products & Services
- 10.5.10.3. SWOT Analysis
- 10.5.10.4. Recent Developments
- 10.5.10.5. Strategies
- 10.5.10.6. Financials (Based on Availability)
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