PUBLISHER: Persistence Market Research | PRODUCT CODE: 1469284
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1469284
Automotive Blockchain Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2030
The Automotive Blockchain market is witnessing substantial growth, driven by the increasing integration of blockchain technology in the automotive sector. Blockchain, known for its decentralized and secure nature, is revolutionizing various aspects of the automotive industry, including supply chain management, vehicle data management, and digital transactions.
According to a report by Persistence Market Research, The global automotive blockchain market is forecast to expand at a CAGR of 28.5% and thereby increase from a value of US$700 Mn in 2024, to US$3,595.0 Mn by the end of 2030.
Report Scope:
Market Size (2024 Estimate): US$ 700 Million
Projected Market Value (2030 Forecast): US$ 3,595 Million
Global Market Growth Rate (CAGR 2024 to 2030): 28.5%
Market Introduction and Definition
The Automotive Blockchain market encompasses the deployment of blockchain technology in various automotive applications, including supply chain management, vehicle identity, data sharing, smart contracts, and decentralized marketplaces. Blockchain facilitates transparent and secure transactions, enhances data integrity, and streamlines processes across the automotive ecosystem, involving manufacturers, suppliers, dealers, and customers.
Market Growth Drivers
The Automotive Blockchain market is propelled by several factors, including the increasing demand for transparent and traceable supply chains in the automotive industry. Blockchain technology enables real-time tracking of parts and components, reducing counterfeit products and enhancing supply chain efficiency. Moreover, the rising adoption of connected and autonomous vehicles generates vast amounts of data, necessitating secure and tamper-proof methods for data management and sharing, driving the demand for blockchain solutions. Additionally, the emergence of blockchain-based mobility services and decentralized marketplaces fosters innovation and collaboration in the automotive ecosystem, contributing to market growth.
Market Restraints
Despite the optimistic market outlook, the Automotive Blockchain market faces challenges such as scalability limitations and interoperability issues associated with blockchain platforms. Integrating blockchain technology with existing automotive systems and ensuring compatibility across different stakeholders require significant investments and technical expertise. Moreover, regulatory uncertainties and data privacy concerns pose barriers to widespread adoption of blockchain solutions in the automotive industry. Furthermore, the complexity of implementing blockchain-based applications and the need for industry-wide standards and protocols hinder market expansion.
Opportunities
The Automotive Blockchain market presents opportunities for innovation and collaboration, driven by increasing research and development activities focused on enhancing blockchain scalability, interoperability, and security. Strategic partnerships between automotive manufacturers, technology companies, and blockchain developers facilitate the development of customized blockchain solutions tailored to industry-specific requirements. Moreover, the expansion of blockchain applications beyond traditional use cases, such as vehicle maintenance, insurance, and energy trading, unlocks new revenue streams and business models in the automotive sector.
Top Regional Markets
Regional variations exist in the Automotive Blockchain market, with North America leading in terms of technology adoption and investment, driven by the presence of major automotive manufacturers and technology innovators. Europe follows closely, supported by government initiatives promoting blockchain innovation and digital transformation in the automotive industry. The Asia Pacific region shows significant potential for market growth, fueled by the rapid digitization of automotive manufacturing processes and the growing adoption of electric vehicles.
Market Segmentation
By Provider:
- Application & Solution
- Middleware
- Infrastructure & Protocol
By Mobility:
- Personal Mobility
- Shared Mobility
- Commercial Mobility
By Application:
- Financing
- Mobility Solutions
- Smart Contract
- Supply Chain Management
- Misc
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Automotive Blockchain Market Snapshot, 2024 and 2030
- 1.2. Market Opportunity Assessment, 2024-2030, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Provider Lifecycle Analysis
- 2.4. Automotive Blockchain Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Technology Landscape
3. Global Automotive Blockchain Market Outlook: Historical (2019-2023) and Forecast (2024-2030)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.2. Current Market Size Forecast, 2024-2030
- 3.3. Global Automotive Blockchain Market Outlook: Provider
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Provider, 2019-2023
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Provider, 2024-2030
- 3.3.3.1. Application & Solution
- 3.3.3.2. Middleware
- 3.3.3.3. Infrastructure & Protocol
- 3.4. Market Attractiveness Analysis: Provider
- 3.5. Global Automotive Blockchain Market Outlook: Mobility
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Mobility, 2019-2023
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Mobility, 2024-2030
- 3.5.3.1. Personal Mobility
- 3.5.3.2. Shared Mobility
- 3.5.3.3. Commercial Mobility
- 3.6. Market Attractiveness Analysis: Mobility
- 3.7. Global Automotive Blockchain Market Outlook: Application
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2019-2023
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2030
- 3.7.3.1. Financing
- 3.7.3.2. Mobility Solutions
- 3.7.3.3. Smart Contract
- 3.7.3.4. Supply Chain Management
- 3.7.3.5. Misc
- 3.8. Market Attractiveness Analysis: Application
4. Global Automotive Blockchain Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2019-2023
- 4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2024-2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Automotive Blockchain Market Outlook: Historical (2019-2023) and Forecast (2024-2030)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Provider
- 5.3.3. By Mobility
- 5.3.4. By Application
- 5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2030
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Provider, 2024-2030
- 5.5.1. Application & Solution
- 5.5.2. Middleware
- 5.5.3. Infrastructure & Protocol
- 5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Mobility, 2024-2030
- 5.6.1. Personal Mobility
- 5.6.2. Shared Mobility
- 5.6.3. Commercial Mobility
- 5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2030
- 5.7.1. Financing
- 5.7.2. Mobility Solutions
- 5.7.3. Smart Contract
- 5.7.4. Supply Chain Management
- 5.7.5. Misc
6. Europe Automotive Blockchain Market Outlook: Historical (2019-2023) and Forecast (2024-2030)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Provider
- 6.3.3. By Mobility
- 6.3.4. By Application
- 6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Provider, 2024-2030
- 6.5.1. Application & Solution
- 6.5.2. Middleware
- 6.5.3. Infrastructure & Protocol
- 6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Mobility, 2024-2030
- 6.6.1. Personal Mobility
- 6.6.2. Shared Mobility
- 6.6.3. Commercial Mobility
- 6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2030
- 6.7.1. Financing
- 6.7.2. Mobility Solutions
- 6.7.3. Smart Contract
- 6.7.4. Supply Chain Management
- 6.7.5. Misc
7. East Asia Automotive Blockchain Market Outlook: Historical (2019-2023) and Forecast (2024-2030)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Provider
- 7.3.3. By Mobility
- 7.3.4. By Application
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Provider, 2024-2030
- 7.5.1. Application & Solution
- 7.5.2. Middleware
- 7.5.3. Infrastructure & Protocol
- 7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Mobility, 2024-2030
- 7.6.1. Personal Mobility
- 7.6.2. Shared Mobility
- 7.6.3. Commercial Mobility
- 7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2030
- 7.7.1. Financing
- 7.7.2. Mobility Solutions
- 7.7.3. Smart Contract
- 7.7.4. Supply Chain Management
- 7.7.5. Misc
8. South Asia & Oceania Automotive Blockchain Market Outlook: Historical (2019-2023) and Forecast (2024-2030)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Provider
- 8.3.3. By Mobility
- 8.3.4. By Application
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Provider, 2024-2030
- 8.5.1. Application & Solution
- 8.5.2. Middleware
- 8.5.3. Infrastructure & Protocol
- 8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Mobility, 2024-2030
- 8.6.1. Personal Mobility
- 8.6.2. Shared Mobility
- 8.6.3. Commercial Mobility
- 8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2030
- 8.7.1. Financing
- 8.7.2. Mobility Solutions
- 8.7.3. Smart Contract
- 8.7.4. Supply Chain Management
- 8.7.5. Misc
9. Latin America Automotive Blockchain Market Outlook: Historical (2019-2023) and Forecast (2024-2030)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Provider
- 9.3.3. By Mobility
- 9.3.4. By Application
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Provider, 2024-2030
- 9.5.1. Application & Solution
- 9.5.2. Middleware
- 9.5.3. Infrastructure & Protocol
- 9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Mobility, 2024-2030
- 9.6.1. Personal Mobility
- 9.6.2. Shared Mobility
- 9.6.3. Commercial Mobility
- 9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2030
- 9.7.1. Financing
- 9.7.2. Mobility Solutions
- 9.7.3. Smart Contract
- 9.7.4. Supply Chain Management
- 9.7.5. Misc
10. Middle East & Africa Automotive Blockchain Market Outlook: Historical (2019-2023) and Forecast (2024-2030)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Provider
- 10.3.3. By Mobility
- 10.3.4. By Application
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Provider, 2024-2030
- 10.5.1. Application & Solution
- 10.5.2. Middleware
- 10.5.3. Infrastructure & Protocol
- 10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Mobility, 2024-2030
- 10.6.1. Personal Mobility
- 10.6.2. Shared Mobility
- 10.6.3. Commercial Mobility
- 10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2030
- 10.7.1. Financing
- 10.7.2. Mobility Solutions
- 10.7.3. Smart Contract
- 10.7.4. Supply Chain Management
- 10.7.5. Misc
11. Competition Landscape
- 11.1. Market Share Analysis, 2022
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Middleware
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. IBM Corporation
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Accenture
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. R3
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. ConsenSys
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. XAIN AG
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. CarVertical
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. Chronicled
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.8. ShiftMobility Inc.
- 11.3.8.1. Overview
- 11.3.8.2. Segments and Product
- 11.3.8.3. Key Financials
- 11.3.8.4. Market Developments
- 11.3.8.5. Market Strategy
- 11.3.9. Oaken Innovations
- 11.3.9.1. Overview
- 11.3.9.2. Segments and Product
- 11.3.9.3. Key Financials
- 11.3.9.4. Market Developments
- 11.3.9.5. Market Strategy
- 11.3.10. BigchainDB
- 11.3.10.1. Overview
- 11.3.10.2. Segments and Product
- 11.3.10.3. Key Financials
- 11.3.10.4. Market Developments
- 11.3.10.5. Market Strategy
- 11.3.1. IBM Corporation
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
