Global Automotive Blockchain Market to Reach $7 Billion by 2030
The global market for Automotive Blockchain estimated at US$1.2 Billion in the year 2023, is expected to reach US$7 Billion by 2030, growing at a CAGR of 28.3% over the analysis period 2023-2030. Application & Solution Providers, one of the segments analyzed in the report, is expected to record a 29.6% CAGR and reach US$3.7 Billion by the end of the analysis period. Growth in the Middleware Providers segment is estimated at 27.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $396.4 Million, While China is Forecast to Grow at 27.3% CAGR
The Automotive Blockchain market in the U.S. is estimated at US$396.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 27.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.2% and 23.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 19.5% CAGR.
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