Global Automotive Blockchain Market is projected to witness 33.56% CAGR by 2030

Pune, India, May 22, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on Global Automotive Blockchain Market. The global Automotive Blockchain Market is expected to witness ~33.56% CAGR during the period, 2022 to 2030.

The wide use of blockchain technologies in vehicles and the global increase in the sale of electric vehicles drive the automotive blockchain market. In addition, the growing support from governments to have a sound ICT infrastructure, rising purchasing power, and rising lifestyles are set to accelerate the market growth.  

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive Blockchain Market Trends

Drivers: Automotive Blockchain:

Market Research Analysis:
In terms of region, the global market for the automotive blockchain is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold the largest market share during the forecast period, owing to growing production and sales of electric vehicles in China and Japan. Moreover, the growing development in blockchain technology across the country, leads to the growth of automotive blockchain market. For instance, in march, 2017, Chinese conglomerate, Wanxiang Group, known as the country’s biggest makers of automotive parts, launched a new startup accelerator to fund blockchain entrepreneurs.

North America automotive blockchain market is expected to grow at a significant rate during the forecast period owing to the presence of key players, such as IBM Corporation (US), Microsoft Corporation (US), and ShiftMobility (US).

Scope of the Report:
This study provides an overview of the global automotive blockchain market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive blockchain market by technology type, application, provider, propulsion, vehicle type, and region.

• By Technology Type


• Open Blockchain


• Closed Blockchain


• Consortium Blockchain


• Hybrid Blockchain

• Contracts


• Supply Chain


• Financing


• Mobility Solutions


• Others

• By Provider


• Middleware Provider


• Infrastructure & Protocols Provider


• Application & Solution Provider

• By Propulsion


• ICE Vehicle


• Electric VehicleBattery Electric Vehicle (BEV)


• Hybrid Electric Vehicle (HEV)


• Plug-In Hybrid Electric Vehicle (PHEV)

• By Vehicle Type


• Passenger Car


• Commercial Vehicle

• By Region


• North America 


• Asia-Pacific 


• Europe


• Rest of the World  

Key Players:
The prominent players in the global automotive blockchain market include IBM Corporation (US), Microsoft Corporation (US), BigchainDB GmbH (Germany), carVertical (Estonia), Helbiz  (US), ShiftMobility (US), RSK Labs (Argentina), Tech Mahindra (India), HCL Technologies (India), and XAIN (Germany).

The major players in this market have adopted the strategies such as geographic expansion, product launch, collaboration, and mergers & acquisitions. The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding, geographically and improving the services.