Global Automotive Blockchain Market Snapshot To 2026 – Advances In Autonomous Vehicles Present Opportunities


Dublin, October 21, 2021 (GLOBE NEWSWIRE) – The “Global Automotive Blockchain Market (2021-2026) by Type, Application, Supplier, Vehicle Type, Propulsion, Geography, Competitive Analysis and Impact of COVID-19 with Ansoff Analysis” report was added to ResearchAndMarkets.com offer.

The global automotive blockchain market is estimated to be worth US $ 0.41 billion in 2021 and is expected to reach US $ 1.68 billion by 2026, growing at a CAGR of 32.5%.

Market dynamics

Blockchain technology is gaining prominence in the automotive industry due to the need for secure payments and digital access while interacting with other V2V communications. The increasing use of blockchain has made it possible to monitor and ensure more transparency. These factors are driving the growth of the automotive blockchain market. The growing demand for better payments in logistics and transportation, mobility services and also the growing demand for the cryptocurrency market further enhance the growth opportunities for the blockchain market.

However, uncertainties in government regulations, data security concerns, lack of technical expertise, and limited scalability are some of the restraining factors that may impact the growth of the global market over the period. forecast.

Market segmentation

The global automotive blockchain market is segmented on the basis of type, application, vendor, vehicle type, propulsion, and geography.

By type, the market is categorized into public blockchain, private blockchain, consortium blockchain, and hybrid blockchain. Among all of them, the private blockchain segment is estimated to hold the highest market share.

By application, the market is categorized into contracts, supply chain, finance, mobility solutions, and others. Among all of them, the mobility segment is estimated to have the highest market share.

By vendor, the market is categorized as a middleware vendor, infrastructure and protocol vendor, and application and solution vendor. Among all of them, the infrastructure and protocols segment holds the highest market share.

By vehicle type, the market is categorized into passenger cars and commercial vehicles. Of the two, the passenger vehicle segment holds the highest market share.

By Propulsion, the market is classified as ICE and electric vehicles. Of the two, the ICE segment holds the highest market share.

By geography, North America is expected to dominate the market.

Recent developments
1. SHIFTMobility Inc launched CarCheck Pro vehicle inspections which can allow any service center to quickly add or retrieve vehicle information from blockchains via built-in VIN scanner or search for license plate and share them with their customers. – May 22, 2018
2. ZF Friedrichshafen AG, UBS and IBM Corp will jointly develop an automotive platform for mobility services based on blockchain technology. The open automotive transaction platform known as Car eWallet technology can enable automatic payment of transactions at the charging station of electric vehicles. – September 14, 2020

Company Profiles

Some of the companies covered in this report are IBM Corporation, Microsoft Corporation, BigchainDB GmbH, carVertical, Helbiz, ShiftMobility, RSK Labs, Tech Mahindra, HCL Technologies and XAIN etc.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors taken into account for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Why buy this report?

  • The report offers a comprehensive assessment of the global automotive blockchain market.
  • The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of well-known people in the industry.
  • The report includes in-depth market analysis using Porter’s 5 Force Model and Ansoff Matrix. The impact of Covid-19 on the market is also presented in the report.
  • The report also contains competitive analysis using Competitive Quadrant, the analyst’s proprietary competitive positioning tool.

Highlights of the report:

  • A comprehensive market analysis including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current and projected market size based on value and volume
  • Market shares and strategies of the main players
  • Recommendations for companies to strengthen their presence in the market

Blockchain technology is gaining prominence in the automotive industry due to the need for secure payments and digital access while interacting with other V2V communications. The increasing use of blockchain has made it possible to monitor and ensure more transparency. These factors are driving the growth of the automotive blockchain market. The growing demand for better payments in logistics and transportation, mobility services and also the growing demand for the cryptocurrency market further enhance the growth opportunities for the blockchain market.

However, uncertainties in government regulations, data security concerns, lack of technical expertise, and limited scalability are some of the restraining factors that may impact the growth of the global market over the period. forecast.

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive summary

4 Market overview
4.1 Presentation
4.2 Market dynamics
4.2.1 Drivers
4.2.1.1 Need for secure digital access and payments in the automotive sector
4.2.1.2 Adoption of Blockchain Technology in Automotive Supply Chain
4.2.1.3 Growth of digital transactions
4.2.1.4 Reduced operational cost
4.2.2 Constraints
4.2.2.1 Uncertainties related to government regulations
4.2.2.2 Limited scalability
4.2.3 Opportunities
4.2.3.1 Advances in autonomous vehicles
4.2.3.2 Technological advances
4.2.3.3 Demand for blockchain-based smart contracts
4.2.3.4 Growing Demand for Cryptocurrencies
4.2.4 Challenges
4.2.4.1 Concerns about security, confidentiality and control
4.2.4.2 Obtaining user acceptance and lack of technical expertise
4.3 Trends

5 Market analysis
5.1 Porter’s five forces analysis
5.2 Impact of COVID-19
5.3 Ansoff matrix analysis

6 Global Automotive Blockchain Market, By Type
6.1 Presentation
6.2 Public blockchain
6.3 Private blockchain
6.4 Consortium blockchain
6.5 Hybrid blockchain

7 Global Automotive Blockchain Market, By Application
7.1 Contracts
7.2 Supply chain
7.3 Funding
7.4 Mobility solutions
7.5 Others

8 Global Automotive Blockchain Market, By Vendor
8.1 Presentation
8.2 Middleware provider
8.3 Infrastructure and protocol provider
8.4 Application and solution provider

9 Global Automotive Blockchain Market, By Vehicle Type
9.1 Presentation
9.2 Passenger car
9.3 Commercial vehicles

10 Global Automotive Blockchain Market, By Drive
10.1 Presentation
10.2 ICE
10.3 Electric vehicle
10.3.1 Battery electric vehicle (BEV)
10.3.2 Hybrid Electric Vehicle (HEV)
10.3.3 Rechargeable electric vehicle (PHEV)

11 Global Automotive Blockchain Market, By Geography
11.1 Presentation
11.2 North America
11.2.1 United States
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.4 Europe
11.4.1 United Kingdom
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Russia
11.5.9 Rest of APAC
11.6 Rest of the world
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
11.6.5 Latin America

12 Competitive landscape
12.1 Competitive quadrant
12.2 Market share analysis
12.3 Competitive scenario
12.3.1 Mergers & Acquisitions
12.3.2 Agreement, collaborations and partnerships
12.3.3 New product launches and improvements
12.3.4 Investments and financing

13 company profiles
13.1 IBM
13.2 Accent
13.3 Microsoft
13.4 Carvertical
13.5 Xain
13.6 HCL
13.7 Tech Mahindra
13.8 NXM Laboratories
13.9 Carblock
13.10 Cubes
13.11 Contextual laboratories
13.12 Shiftmobility
13.13 BigchainDB
13.14 Dashride
13.15 Consensus
13.16 Foam
13.17 RSK Laboratories
13.18 GEM
13.19 Ethereum
13.20 Helbiz Mobility System PTE SA
13.21 Robert Bosch GmbH

14 Annex

For more information on this report, visit https://www.researchandmarkets.com/r/bmuv2w

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