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Global Automotive Blockchain Market Size, Share, Forecast: By Application: Financing, Mobility Solutions, Smart Contracts, Supply Chain; By Provider: Application and Solutions, Middleware, Infrastructure and Protocol; By Mobility: Personal Mobility, Shared Mobility, Commercial Mobility; Regional Analysis; Competitive Landscape; 2024-2032
Global Automotive Blockchain Market Outlook
The global automotive blockchain market size reached approximately USD 852.13 million in 2023. The market is projected to grow at a CAGR of 31.4% between 2024 and 2032, reaching a value of nearly USD 9951.02 million by 2032.
Key Trends in the Market
Automotive blockchain refers to the utilisation of blockchain technology in the automotive sector. It uses smart features such as management of records and decentralisation. Automotive blockchain also aids in the transfer of digital money with the use of fabricated smart contracts among parties.
- Automotive blockchain facilitates fraud prevention and process automation, which is expected to boost its deployment in carsharing and ridesharing services. The use of the technology can eliminate the requirement for an intermediary while enhancing the affordability of rides; such benefits positively influence the expansion of the automotive blockchain market.
- Additionally, automotive blockchain is deployed for improving supply chain management systems, processing payments, and efficiently tracking the movements of vehicle parts and raw materials.
- A more secure and efficient transfer of ownership of the vehicle can be achieved through automotive blockchain as it can create a secure digital identity for vehicles and maintain the privacy of the parties involved.
Market Analysis
On the basis of application, the market is divided into financing, mobility solutions, smart contracts, and supply chain. Based on provider, the market is segmented into application and solutions, middleware, and infrastructure and protocol.
By mobility, the market is classified into personal mobility, shared mobility, and commercial mobility. On the basis of region, the market is segregated into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive blockchain market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 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
Market Share by Application
Supply chain accounts for a major share in the automotive blockchain market as the automotive supply chain faces various challenges, including poor traceability and tracking of parts and risk of data tampering, among others. Automotive blockchains can aid in overcoming these challenges by improving transparency and enhancing the traceability of parts and transactions.
Market Share by Region
North America is anticipated to account for a significant portion of the market share for automotive blockchain over the forecast period. This is due to the presence of key players in the region and the rising demand for decentralised financial solutions in the automotive sector.
Technological advancements and innovations, along with the integration of other technologies such as IoT in automotive blockchain, are expected to provide rapid growth opportunities to the market in the coming years.
Competitive Landscape
Accenture Plc is a professional services company that was founded 1989 and is headquartered in Dublin, Ireland. It provides services and solutions in consulting, strategy, operations, and digital technology.
IBM Corporation is a multinational technology corporation that was established in 1911 and is based in New York, the United States. It is known for its flagship hardware and software products such as storage systems, servers, and computers.
Microsoft Corporation is a multinational technology corporation that was founded in 1975 and is headquartered in Washington, the United States. Its specialities include business software, windows applications and platforms, quantum computing, and artificial intelligence, among others.
Other market players include carVertical, LLC, Helbiz (micromobility.com Inc.), Tech Mahindra Ltd, HCL Technologies Limited, Marelli Holdings Co., Ltd., NXM Labs, Inc., and BMW AG, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Provider |
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| Breakup by Mobility |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2018-2023)
8.3 Global Automotive Blockchain Market Forecast (2024-2032)
8.4 Global Automotive Blockchain Market by Application
8.4.1 Financing
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Mobility Solutions
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Smart Contracts
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Supply Chain
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Automotive Blockchain Market by Provider
8.5.1 Application and Solutions
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Middleware
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Infrastructure and Protocol
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Automotive Blockchain Market by Mobility
8.6.1 Personal Mobility
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Shared Mobility
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Commercial Mobility
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Blockchain Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Automotive Blockchain Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Blockchain Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Blockchain Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Blockchain Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Blockchain Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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
List of Key Figures and Tables
1. Global Automotive Blockchain Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Blockchain Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Automotive Blockchain Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Automotive Blockchain Historical Market: Breakup by Provider (USD Million), 2018-2023
5. Global Automotive Blockchain Market Forecast: Breakup by Provider (USD Million), 2024-2032
6. Global Automotive Blockchain Historical Market: Breakup by Mobility (USD Million), 2018-2023
7. Global Automotive Blockchain Market Forecast: Breakup by Mobility (USD Million), 2024-2032
8. Global Automotive Blockchain Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Automotive Blockchain Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Automotive Blockchain Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Automotive Blockchain Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Automotive Blockchain Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Automotive Blockchain Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Automotive Blockchain Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Automotive Blockchain Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Automotive Blockchain Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Automotive Blockchain Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Automotive Blockchain Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Automotive Blockchain Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Automotive Blockchain Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 852.13 million in 2023.
The market is projected to grow at a CAGR of 31.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reacharound USD 9951.02 million by 2032.
The major market drivers include the rising integration of automotive blockchain with other technologies and increasing investments in the automotive sector.
The key trends fuelling the growth of the market include the rising focus on automotive supply chain management and the surging demand for decentralised financial solutions in the automotive sector.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various applications of automotive blockchains include financing, mobility solutions, smart contracts, and supply chain.
The 3 P’s of blockchain are programs, protocols, and platforms.
The significant providers of automotive blockchain include application and solutions, middleware, and infrastructure protocol.
The key players in the global automotive blockchain market are 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., and BMW AG, among others.
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