Automotive Blockchain Market Demand Rate with Regional outlook, Applications, Consumer Profiles & Forecast 2028
Blockchain in the automotive industry is useful in various areas such as mobility solutions, connected cars, supply chain logistics, retailing and leasing, autonomous driving, and IoT applications. The financial divisions of OEMs are now exploring the technology for financial applications. In the coming years, OEMs are expected to employ the technology in other automotive applications.
Blockchain in the automotive industry is useful in various areas such as mobility solutions, connected cars, supply chain logistics, retailing and leasing, autonomous driving, and IoT applications. The financial divisions of OEMs are now exploring the technology for financial applications. In the coming years, OEMs are expected to employ the technology in other automotive applications.
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<strong>Automotive</strong> <strong>Blockchain</strong> <strong>Market</strong> Overview by Application, Type,<br />
Geography, Industry Size, Growth and <strong>Demand</strong> <strong>Forecast</strong>, 2017–<strong>2028</strong><br />
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<strong>Automotive</strong> <strong>Blockchain</strong> <strong>Market</strong><br />
The global automotive blockchain market is projected to grow at a considerable rate during the forecast period.<br />
This can be mainly attributed to the benefits offered by the blockchain technology in the automotive industry,<br />
such as real-time monitoring, auditability, and scalability of information. The application of blockchain in various<br />
automotive functional areas is on the rise, as automotive original equipment manufacturers (OEMs) continue to<br />
invest in the technology to uncover its potential in the industry.<br />
On the basis of application, the automotive blockchain market has been categorized into manufacturing, supply<br />
chain logistics, retail finance and leasing, mobility solutions, and others. Of these, the market for mobility<br />
solutions is expected to witness significant growth in the coming years on account of the rapidly growing shared<br />
mobility industry, rise in the consumer demand for advanced mobility services, and inclusion of blockchain in<br />
automotive business models.<br />
P&S Intelligence
<strong>Automotive</strong> <strong>Blockchain</strong> <strong>Market</strong><br />
The global automotive blockchain market is characterized by changing consumer behavior, technological<br />
advancements, increased use of data for improvement in logistics and mobility services, and evolving operating<br />
models in different automotive functional areas. Although the market is in its nascent phase currently, it is<br />
expected to witness notable growth in the coming years on account of the increasing adoption of the technology<br />
by automotive manufacturers.<br />
P&S Intelligence
<strong>Automotive</strong> <strong>Blockchain</strong> <strong>Market</strong><br />
Some of the key players operating in the automotive blockchain market are IBM Corporation, Microsoft<br />
Corporation, Accenture PLC, carVertical, Helbiz Mobility System PTE Ltd., Tech Mahindra Ltd., ShiftMobility Inc.,<br />
BigchainDB GmbH, ConsenSys, Context Labs BV, Ethereum, Factom Inc., Mesosphere Inc., Oaken Innovations,<br />
Productive Edge LLC, Project Provenance Ltd., Ripple Labs Inc., and XAIN AG.<br />
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