Press release
Shaping the Automotive Blockchain Market in 2025: AI-Integrated Solutions For Enhanced Carbon Emission Monitoring And Data Transparency
Automotive BlockchainMarket Size
In recent times, the market size for automotive blockchain has witnessed an extraordinary expansion. The market that stood at $0.57 billion in 2024, is projected to escalate to $0.7 billion in 2025, registering a compound annual growth rate (CAGR) of 22.8%. The surge in the previous timeframe owes to factors like amplified mobility services, heightened usage of services like car-sharing and ride-sharing, intensified focus on curtailing data breaches and irregularities, the demand for uniform and secure transactions, and a decreased total cost of ownership.
The automobile blockchain industry is predicted to experience a skyrocketing expansion in the upcoming years, reaching an estimated market size of $1.57 billion by 2029 at a cumulative annual growth rate of 22.6%. This anticipated growth in the projection period can be chalked up to the escalation in vehicle manufacturing, rectifying supply chain inefficiencies, reducing expenses and enhancing transparency with the wide application of blockchain. Key trends to expect during this forecast period include blending with pre-existing systems, boosted utilization of automobile blockchain for payments, the fusion and acceptance of blockchain solutions and the surging market capital of cryptocurrency.
What Are the Forces Behind the Rapid Growth of the Automotive Blockchain Market?
The surge in processes associated with vehicle production is anticipated to drive the expansion of the automotive blockchain market in the future. The requirement for automotive blockchain stems from the necessity to increase supply chain visibility, assure quality, prevent fraud, safeguard data in vehicle manufacturing, boost efficiency, and foster trust throughout the automotive landscape. Automotive blockchain is used in vehicle production to enhance supply chain transparency, quality assurance, and fraud mitigation, while facilitating automated operations and secure data exchange among stakeholders, ultimately boosting efficiency and trust in vehicle production. For example, as per the European Automobile Manufacturers Association, a Belgium-based advocacy and standards organization for the auto industry, global motor vehicle production reached 85.4 million units in 2022, showing a 5.7% rise from 2021. Consequently, the rise in vehicle production processes is fuelling the growth in the automotive blockchain market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16600&type=smp
Who Are the Dominant Companies Influencing Automotive Blockchain Market Trends?
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.
How Is the Automotive Blockchain Market Evolving?
Key players in the automotive blockchain industry are honing in on the creation of cutting-edge technologies, including the convergence of artificial intelligence (AI) and high-efficiency blockchain systems, to achieve a competitive advantage. This merger allows the system not only to track and assess carbon emissions at every phase of the supply network but additionally guarantees transparency and integrity of data. To illustrate, in July 2023, Hyundai Motor Company and Kia Corporation, both automobile manufacturers based in South Korea, unveiled a pioneering Supplier CO2 Emission Monitoring System (SCEMS). This system merges AI and blockchain technology to systematically oversee and control carbon emissions throughout their supply networks. The system targets increasing transparency and data integrity and simplifying the procedure for suppliers in the gathering and management of emissions information.
What Are the Different Segmentations in the Automotive Blockchain Market?
The automotive blockchain market covered in this report is segmented -
1) By Provider: Application And Solution, Middleware, Infrastructure And Protocol
2) By Mobility: Personal Mobility, Shared Mobility, Commercial Mobility
3) By Application: Supply Chain, Smart Contracts, Mobility Solutions, Financing
4) By End User: Original Equipment Manufacturer (OEMs), Vehicle Owners, Mobility As A Service Provider, Other End Users
Subsegments:
1) By Application And Solution: Supply Chain And Logistics Solutions, Vehicle Identity And Ownership Tracking, In-Vehicle Payments And Microtransactions, Autonomous Vehicle Data Sharing And Management, Warranty And Insurance Management Solutions, Blockchain-Based Mobility As A Service Platforms
2) By Middleware: Blockchain Apis For Automotive Applications, Smart Contract Development And Management, Blockchain Integration Tools For Vehicle Ecosystems, Data Privacy And Security Middleware Solutions, Blockchain Oracles For External Data Integration
3) By Infrastructure And Protocol: Distributed Ledger Technology Platforms, Peer-To-Peer Network Protocols For Automotive Data, Blockchain Infrastructure For Autonomous Vehicle Communication, Consensus Mechanisms For Automotive Blockchain, Blockchain-As-A-Service For Automotive Industry
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-blockchain-global-market-report
Which Region Is at the Forefront of the Automotive Blockchain Market?
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.
What Is Covered In The Automotive Blockchain Global Market Report?
- Market Size Analysis: Analyze the Automotive Blockchain Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Blockchain Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Blockchain Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Blockchain Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16600
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Shaping the Automotive Blockchain Market in 2025: AI-Integrated Solutions For Enhanced Carbon Emission Monitoring And Data Transparency here
News-ID: 3856792 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Blockchain
Pharmaceutical Blockchain Market to Witness Impressive Growth by 2030: IBM Block …
According to HTF Market Intelligence, the Pharmaceutical Blockchain market to witness a CAGR of 55% during the forecast period (2024-2030).The Latest published a market study on Global Pharmaceutical Blockchain Market provides an overview of the current market dynamics in the Global Pharmaceutical Blockchain space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and…
Noticias Blockchain Among the First to Launch of Blockchain for Good Alliance (B …
Noticias Blockchain is a premier Spanish blockchain news portal helmed by tech-savvy highly experienced journalists specializing in cryptocurrencies and blockchain technologies. The company recently published a comprehensive coverage of BGA's launch.
Image: https://www.getnews.info/uploads/70692aa238526d085c2aae051094caca.png
The world of cryptocurrencies and blockchain technologies expands at a rapid pace, witnessing breakthroughs big and small on a seemingly daily basis. To ensure that traders, crypto-curious individuals, investors, and blockchain experts across the globe have instant access…
FinTech Blockchain Market Is Booming Worldwide | Ripple, Guardtime, Cambridge Bl …
FinTech Blockchain Market: The extensive research on FinTech Blockchain Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on FinTech Blockchain Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as market rate, estimated…
Blockchain Security Market Set for Explosive Growth | DMG Blockchain Solutions, …
Global Blockchain Security Market Growth (Status and Outlook) 2021-2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Blockchain Security Market. Some of the key players profiled in the study are Oracle, IBM, Kaspersky, Gemalto,…
Impact of Outbreak of Coronavirus (Covid-19) on Blockchain in IOT Market by 2027 …
The Blockchain in IOT market is expected to garner $6000 million and rise at a CAGR of 70% during the forecast period from 2019 to 2027.
A new market report titled “Blockchain in IOT Market” has been added to the repository of Research N Reports. This report provides comprehensive assessment of the current trends, restrains and futuristic opportunities, which are anticipated to provide lucrative avenues for market proliferation. An in-depth description…
Oodles Blockchain Uses Top Blockchain Platforms To Expedite Blockchain Adoption
With an aim to leverage the blockchain technology to change the centralized system and make it decentralized, Oodles Blockchain has decided to use top blockchain platforms to develop consumer-based blockchain applications.
Oodles Blockchain, a micro-website of Oodles Technologies, developed mainly to focus on blockchain technology, is delighted to announce that it will be expanding its horizon of blockchain development services by using a few latest open source blockchain platforms like…
