PUBLISHER: The Business Research Company | PRODUCT CODE: 1849190
PUBLISHER: The Business Research Company | PRODUCT CODE: 1849190
Automotive blockchain refers to a decentralized digital ledger technology utilized in the automotive industry to securely and transparently record vehicle-related transactions and data across a network. It ensures the integrity and immutability of information by tracking vehicle history, maintenance records, and managing supply chains.
The primary providers of automotive blockchain solutions include applications and solutions, middleware, and infrastructure and protocol. Applications and solutions in automotive blockchain involve leveraging blockchain technology to enhance efficiency, transparency, and security in various automotive sectors such as supply chain management, vehicle financing, and customer loyalty programs. Mobility applications encompass personal, shared, and commercial mobility, facilitating functionalities such as supply chains, smart contracts, mobility solutions, and financing. These solutions cater to a range of end users including original equipment manufacturers (OEMs), vehicle owners, mobility service providers, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
The automotive blockchain research report is one of a series of new reports from The Business Research Company that provides automotive blockchain market statistics, including the automotive blockchain industry's global market size, regional shares, competitors with an automotive blockchain market share, detailed automotive blockchain market segments, market trends and opportunities, and any further data you may need to thrive in the automotive blockchain industry. This automotive blockchain market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive blockchain market size has grown exponentially in recent years. It will grow from $0.57 billion in 2024 to $0.7 billion in 2025 at a compound annual growth rate (CAGR) of 22.8%. The growth in the historic period can be attributed to increasing mobility services, increasing use of ride-sharing and car-sharing services, increasing focus on reducing data leaks and manipulations, the need for standardized and safe transactions, and reduced total cost of ownership.
The automotive blockchain market size is expected to see exponential growth in the next few years. It will grow to $1.51 billion in 2029 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to increasing vehicle production processes, supply chain problems to increase efficiency, helping to cut costs and improve transparency level, the extensive use of blockchain technology, transparent and tamper-proof record. Major trends in the forecast period include integration with existing systems, higher adoption of automotive blockchain for payments, integration and adoption of blockchain solutions, and increasing cryptocurrency market capital.
The forecast of 21.4% growth over the next five years reflects a modest reduction of 0.8% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Blockchain integration across supply chains might face delays as tariffs affect the cost of secure hardware modules and IoT devices used in decentralized automotive ecosystems. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The automotive blockchain market is expected to grow as vehicle production processes increase. The demand for automotive blockchain solutions arises from the need to enhance supply chain transparency, ensure quality, prevent fraud, and secure data in vehicle production. Blockchain technology improves supply chain transparency, quality control, and fraud prevention, while enabling automated processes and secure data sharing among stakeholders, thus boosting efficiency and trust in vehicle production. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, in 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021. Therefore, the rise in vehicle production processes is driving the growth of the automotive blockchain market.
Companies in the automotive blockchain market are focusing on developing advanced solutions, such as integrating artificial intelligence (AI) with high-performance blockchain technology, to gain a competitive advantage. This combination allows the system to not only compute and track carbon emissions at every stage of the supply chain but also to ensure data transparency and integrity. For example, in July 2023, Hyundai Motor Company, a South Korea-based automotive manufacturer, and Kia Corporation, also based in South Korea, launched an innovative Supplier CO2 Emission Monitoring System (SCEMS). This system integrates AI and blockchain technology to effectively monitor and manage carbon emissions across their supply chains. It aims to improve transparency and data integrity while simplifying the process for suppliers to collect and manage emissions data.
In January 2023, Bayerische Motoren Werke AG (BMW), a Germany-based automobile company, partnered with Coinweb Limited to integrate blockchain technology into BMW's workflow and customer interactions in Thailand. This partnership aims to automate manual processes and streamline vehicle finance operations offered by BMW, as well as develop a blockchain-based customer loyalty program. Coinweb Limited is a UK-based blockchain technology company specializing in cross-chain computation platforms.
Major companies operating in the automotive blockchain market are Amazon.com Inc., Microsoft Corporation, Dell Inc., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise Development LP, Salesforce Inc., NEC Corporation, VMware Inc., Red Hat Inc., OpenText Corporation, Rackspace Technology Inc., Lumen Technologies Inc., Zoho Corporation, Epicor Software Corporation, carVertical, BigchainDB GmbH, NXM Labs Inc., ShiftMobility Inc.
North America was the largest region in the automotive blockchain market in 2024. The regions covered in the automotive blockchain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive blockchain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive blockchain market includes revenues earned by entities by providing services such as blockchain-as-a-service (BaaS), license plans, consulting, and implementation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Blockchain Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive blockchain market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive blockchain ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The automotive blockchain market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.