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Automotive Blockchain Market to Hit $5.6 bn by 2030-end with the growing automotive sector

Automotive Blockchain Market by Application (Financing, Mobility Solutions, Smart Contracts, and Supply Chain), Provider (Application & Solution, Middleware, and Infrastructure & Protocol), and Mobility (Personal Mobility, Shared Mobility, and Commercial Mobility): Global Opportunity Analysis and Industry Forecast, 2020-2030

The Global Automotive Blockchain Market is expected to grow at a CAGR of 29.3% during the forecast period 2020-2030. As per the analysis, the global market is projected to garner the value of $428.6 million in the year 2020 and is estimated to reach $5.6 billion by the end of the year 2030.

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Market Overview

With the growing automotive sector, demand for blockchain technology also increasing in automotive sector. For instance, according to the World Economic Forum, it was estimated that the global vehicle production will cross 108.4 million by the end of the year 2024. In addition, automotive blockchain technology offers real-time monitoring, auditability and scalability of information, which influence the global Automotive Blockchain market growth.

Moreover, reducing rate of data leaks and manipulations, faster transactions and reduced total cost of ownership are some additional factors that are driving the global automotive blockchain market. However, uncertainty over regulations is hampering the market growth to an extent. Furthermore, increasing adoption of automotive block chain for payments, logistics and transportation, usage-based insurance and growing crypto currency market capital are expected to bring opportunities for the global automotive block chain market. For instance, in 2017, Bitcoin has recorded a growth of 1700% since its inception. There are some other crypto currencies such as Ethereum, Bitcoin Cash, Ripple and Litecoin which are the current growing market trend.

Segmentation Overview of the Global Automotive Blockchain Market

Global Automotive Blockchain Market is categorized by considering Application, Provider and Mobility. These market segments are further categorized into various sub-segments to get the detailed insights about the market.

The Application Segment of the Global Automotive Blockchain Market is Sub-Segmented into:

  • Manufacturing
  • Supply Chain
  • Mobility Solutions
  • Financing and Smart Contracts

Among these, the mobility solutions segment is projected to witness fastest growth rate over the forecast period owing to increasing consumer demand for advanced mobility services, coupled with inclusion of block chain in automotive business models.

The Provider Segment of the Global Automotive Blockchain Market is Sub-Segmented into:

  • Application & Solution
  • Middleware
  • Infrastructure & Protocol

Of these, the application & solution is expected to grow at fastest rate because of the introduction of technologically advanced block chain solutions.

The Mobility Segment of the Global Automotive Blockchain Market is Sub-Segmented into:

  • Personal Mobility
  • Shared Mobility
  • Commercial Mobility

Personal mobility is the largest segment for automotive block chain market driven by strong economic growth, rising population, rapid urbanization, and growing purchasing power have bring demand for the segment.

Geographical Segmentation of the Global Automotive Blockchain Market

Considering geographical segmentation of the Automotive Blockchain market, the global market is categorized into North America, Europe, Asia Pacific and Rest of the World. As per the analysis, North America is the most lucrative region for the automotive blockchain market, owing to rising investment in technology providers in the blockchain technology and rising demand for transparency and immutability in business operations in North American region.

Key Players Insights

Major players included in the research study of the global automotive blockchain market are NXM Labs, Tech Mahindra, Microsoft, IBM, Helbiz, HCL Technologies, Xain, Accenture, CarBlock, Carvertical and many more. These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch to withhold the market position for the long-term.

Table of Content

Chapter 1: Introduction

1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary

2.1. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies

3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis (2020)
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Protection Against Data Leaks And Manipulations
3.5.1.2. Reduced Operational Cost

3.5.2. Restraint

3.5.2.1. Uncertainty Over Regulations

3.5.3. Opportunities

3.5.3.1. Higher Adoption For Better Payments, Logistics & Transportation And Usage-Based Insurance

Chapter 4: Automotive Blockchain Market, By Application

4.1. Overview
4.2. Financing

4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country

4.3. Mobility Solutions

4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country

4.4. Smart Contract

4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis By Country

4.5. Supply Chain

4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast, By Region
4.5.3. Market Analysis By Country

Chapter 5: Automotive Blockchain Market, By Provider

5.1. Overview
5.2. Application & Solutions

5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country

5.3. Middleware

5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country

5.4. Infrastructure & Protocol

5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country

Chapter 6: Automotive Blockchain Market, By Mobility

6.1. Overview
6.2. Personal Mobility

6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country

6.3. Shared Mobility

6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country

6.4. Commercial Mobility

6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis By Country

Chapter 7: Automotive Blockchain Market, By Region

7.1. Overview
7.2. North America

7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Application
7.2.3. Market Size And Forecast, By Provider
7.2.4. Market Size And Forecast, By Mobility
7.2.5. Market Analysis By Country

7.2.5.1. U.S.

7.2.5.1.1. Market Size And Forecast, By Application
7.2.5.1.2. Market Size And Forecast, By Provider
7.2.5.1.3. Market Size And Forecast, By Mobility

7.2.5.2. Canada

7.2.5.2.1. Market Size And Forecast, By Application
7.2.5.2.2. Market Size And Forecast, By Provider
7.2.5.2.3. Market Size And Forecast, By Mobility

7.2.5.3. Mexico

7.2.5.3.1. Market Size And Forecast, By Application
7.2.5.3.2. Market Size And Forecast, By Provider
7.2.5.3.3. Market Size And Forecast, By Mobility

7.3. Europe

7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Application
7.3.3. Market Size And Forecast, By Provider
7.3.4. Market Size And Forecast, By Mobility
7.3.5. Market Analysis By Country

7.3.5.1. Germany

7.3.5.1.1. Market Size And Forecast, By Application
7.3.5.1.2. Market Size And Forecast, By Provider
7.3.5.1.3. Market Size And Forecast, By Mobility

7.3.5.2. France

7.3.5.2.1. Market Size And Forecast, By Application
7.3.5.2.2. Market Size And Forecast, By Provider
7.3.5.2.3. Market Size And Forecast, By Mobility

7.3.5.3. Ireland

7.3.5.3.1. Market Size And Forecast, By Application
7.3.5.3.2. Market Size And Forecast, By Provider
7.3.5.3.3. Market Size And Forecast, By Mobility

7.3.5.4. Uk

7.3.5.4.1. Market Size And Forecast, By Application
7.3.5.4.2. Market Size And Forecast, By Provider
7.3.5.4.3. Market Size And Forecast, By Mobility

7.3.5.5. Rest of Europe

7.3.5.5.1. Market Size And Forecast, By Application
7.3.5.5.2. Market Size And Forecast, By Provider
7.3.5.5.3. Market Size And Forecast, By Mobility

7.4. Asia-Pacific

7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Application
7.4.3. Market Size And Forecast, By Provider
7.4.4. Market Size And Forecast, By Mobility
7.4.5. Market Analysis By Country

7.4.5.1. China

7.4.5.1.1. Market Size And Forecast, By Application
7.4.5.1.2. Market Size And Forecast, By Provider
7.4.5.1.3. Market Size And Forecast, By Mobility

7.4.5.2. Japan

7.4.5.2.1. Market Size And Forecast, By Application
7.4.5.2.2. Market Size And Forecast, By Provider
7.4.5.2.3. Market Size And Forecast, By Mobility

7.4.5.3. India

7.4.5.3.1. Market Size And Forecast, By Application
7.4.5.3.2. Market Size And Forecast, By Provider
7.4.5.3.3. Market Size And Forecast, By Mobility

7.4.5.4. South Korea

7.4.5.4.1. Market Size And Forecast, By Application
7.4.5.4.2. Market Size And Forecast, By Provider
7.4.5.4.3. Market Size And Forecast, By Mobility

7.4.5.5. Rest of Asia-Pacific

7.4.5.5.1. Market Size And Forecast, By Application
7.4.5.5.2. Market Size And Forecast, By Provider
7.4.5.5.3. Market Size And Forecast, By Mobility

7.5. Lamea

7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Application
7.5.3. Market Size And Forecast, By Provider
7.5.4. Market Size And Forecast, By Mobility
7.5.5. Market Analysis By Country

7.5.5.1. Latin America

7.5.5.1.1. Market Size And Forecast, By Application
7.5.5.1.2. Market Size And Forecast, By Provider
7.5.5.1.3. Market Size And Forecast, By Mobility

7.5.5.2. Middle East

7.5.5.2.1. Market Size And Forecast, By Application
7.5.5.2.2. Market Size And Forecast, By Provider
7.5.5.2.3. Market Size And Forecast, By Mobility

7.5.5.3. Africa

7.5.5.3.1. Market Size And Forecast, By Application
7.5.5.3.2. Market Size And Forecast, By Provider
7.5.5.3.3. Market Size And Forecast, By Mobility

Chapter 8: Company Profiles

8.1. Accenture

8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves And Developments

8.2. Ibm

8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves And Developments

8.3. Microsoft

8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves And Developments

8.4. Carvertical

8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Key Strategic Moves And Developments

8.5. Helbiz

8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Key Strategic Moves And Developments

8.6. Tech Mahindra Limited

8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves And Developments

8.7. Hcl Technologies Limited

8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves And Developments

8.8. Xain.

8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Key Strategic Moves And Developments

8.9. Nxm Labs, Inc.

8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Key Strategic Moves And Developments

8.10. Carblock Corp.

8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Key Strategic Moves And Developments

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The post Automotive Blockchain Market to Hit $5.6 bn by 2030-end with the growing automotive sector appeared first on Market News Bizz.

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Sharan Stone

Sharan Stone

Sharan comes to Market Research Tab with more than 7 years of experience as an editor. Sharan has his fingers firmly placed on the pulse of the business world and he covers retail, construction, and other industries as an editor for Market Research Tab. Email: [email protected]

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