Global Automotive Blockchain Market by Type (Public, Private), By Application (Manufacturing, Supply Chain Logistics, Retail Finance & Leasing, Mobility Solutions) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive blockchain market is expected to grow at a CAGR of 31.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for transparent and secure automotive supply chains, growing number of partnerships between automakers and technology providers, and rising adoption of blockchain technology in mobility solutions. However, lack of standardization across different blockchains is expected to restrain the growth of the global automotive blockchain market during the forecast period. Based on type, the global automotive blockchain market can be segmented into public and private blockchains. The public blockchain segment is expected to hold a larger share in terms of revenue than the private blockchain segment during the forecast period. This can be attributed to factors such as transparency and security offered by public blockchains as compared with private blockchains.



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Product Definition:

The automotive blockchain is a distributed ledger technology that allows secure, transparent and immutable transactions between parties. It can be used for various applications such as vehicle tracking, supply chain management and after-sales service. The importance of the automotive blockchain lies in its ability to provide trust and security in a decentralized environment while reducing costs and improving efficiency.

Public:

Public blockchain is a distributed network that can be used by any party to verify the data. It’s transparent and open nature makes it suitable for recording transactions between two parties. The technology helps in maintaining transparency in financial processes, which is expected to drive its demand over the forecast period.

Automotive industry has been witnessing several technological advancements such as self-driving cars, connected cars, autonomous vehicles and others.

Private:

Private blockchain is a permissioned network. Permissioned means only members with pre-defined status can participate in the network. In automotive industry, it's used for sharing data among partners such as suppliers, distributors and OEMs (Original Equipment Manufacturers).

Private blockchain has three major advantages over public one: there’s no need to trust third parties; transactions are highly secure because they are encrypted; and all information remains within the group of participants only.

Application Insights:

The manufacturing blockchain market is anticipated to witness significant growth over the forecast period. The growing adoption of blockchains in various industries, such as automotive, banking and financial services, energy, media and entertainment, smart contracts are expected to propel the demand for automotive blockchain solutions over the coming years.

The supply chain logistics industry is also anticipated to witness considerable growth owing to increasing digitization of processes and rising awareness among companies about reducing costs through automation. In addition, growing adoption ofblockchain in supply chain management is further expected to drive demand for automotive blockchain solutions over the forecast period.

In recent times there has been a rise in interest from several governments regarding use cases related with distributed ledgers that could potentially transform public sector services such as citizen ID programs or tax collection procedures while eliminating frauds or saving costs associated with manual processes within government agencies.

Regional Analysis:

The North American region is anticipated to dominate the market in terms of revenue share over the forecast period. The growth can be attributed to increasing investments in connected cars, mobility as a service, and ride sharing applications. Moreover, stringent regulations regarding vehicle safety and emission control are expected to drive demand for automotive IoT solutions across this region. This is likely to create opportunities for vendors operating in this space over the next few years.

However, Asia Pacific regional market may present lucrative opportunities for industry participants owing to increasing government initiatives pertaining customer convenience and safety features associated with vehicles equipped with advanced technologies such as driverless car technology or smart roadways infrastructure development projects using smart trucks/buses/cars etc.

Growth Factors:

Increasing demand for autonomous and electric vehicles
Rising demand for blockchain-based security solutions in automotive industry
Growing trend of vehicle sharing and ride hailing services
Proliferation of connected cars and the internet of things (IoT)
Development of blockchain-based platforms for automotive supply chain management


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Blockchain Market Research Report
By Type
Public, Private
By Application
Manufacturing, Supply Chain Logistics, Retail Finance & Leasing, Mobility Solutions
By Companies
IBM Corporation, carVertical, Helbiz, ShiftMobility, BigchainDB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Blockchain Market Report Segments:
The global Automotive Blockchain market is segmented on the basis of:
Types
Public, Private
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Supply Chain Logistics, Retail Finance & Leasing, Mobility Solutions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
IBM Corporation
carVertical
Helbiz
ShiftMobility
BigchainDB



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Highlights of The Automotive Blockchain Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Public
Private
By Application:
Manufacturing
Supply Chain Logistics
Retail Finance & Leasing
Mobility Solutions
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Blockchain Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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