Press release
Key Trend Reshaping the Automotive Blockchain Market in 2025: AI-Integrated Solutions For Enhanced Carbon Emission Monitoring And Data Transparency
Automotive Blockchain
An upward trend in the production of vehicles is anticipated to spur the expansion of the automotive blockchain market. The push for automotive blockchain comes from the requirement to boost the transparency of the supply chain, assurance of quality, prevention of fraud, and ensuring data security throughout vehicular production, thus enhancing efficiency and trust across the automotive realm. Blockchain technology in the automotive sector enhances supply chain transparency, quality checks, and fraud prevention, while also facilitating automated procedures and the secure exchange of data amongst stakeholders, ultimately raising efficiency and confidence in the production process. For instance, in May 2023, as per the European Automobile Manufacturers Association, a Belgium-based group lobbying and setting automobile industry standards, global motor vehicle production climaxed at 85.4 million units in 2022, marking a 5.7% rise from 2021. Therefore, the surge in vehicle production processes is fueling the growth of the automotive blockchain market.
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What growth opportunities are expected to drive the automotive blockchain market's CAGR through 2034?
The market size for automotive blockchain has seen significant expansion in the latest years. It is expected to increase from $0.57 billion in 2024 to about $0.7 billion in 2025, reflecting a compound annual growth rate (CAGR) of 22.8%. The impressive progression in the historic period has been driven by growing mobility services, a heightened interest in ride-sharing and car-sharing services, the heightened focus on minimizing data leaks and manipulations, the demand for standardized, secure transactions, and the lowered total ownership cost.
Anticipated to witness significant expansion in forthcoming years, the automotive blockchain market size is predicted to escalate to $1.57 billion in 2029, with a compound annual growth rate (CAGR) of 22.6%. This steep growth during the projection phase is primarily due to escalating vehicle manufacturing procedures, supply chain issues being addressed to augment efficiency, aiding in cost reduction and bettering transparency levels, alongside wide-ranging application of blockchain technology resulting in clear and tamper-proof records. Major trends foreseen during this forecast period encompass integration with pre-existing systems, greater utilization of automotive blockchain for transactions, incorporation and application of blockchain solutions, and an upsurge in the cryptocurrency market capital.
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What are the emerging trends shaping the future of the automotive blockchain market?
Leading automotive blockchain industry corporations are exploring innovative solutions such as merging artificial intelligence (AI) with superior blockchain technology to secure an advantageous market position. This integration permits the system not only to compute and oversee carbon emissions throughout the entire supply chain, but also to maintain transparency and validity of data. For instance, Hyundai Motor Company and Kia Corporation, both based in South Korea and renowned automotive manufacturers, embarked on a revolutionary initiative in July 2023. They introduced the Supplier CO2 Emission Monitoring System (SCEMS), a system that merges AI and blockchain technology to efficiently track and control carbon emissions throughout their supply chains. The primary goal of this system is to boost transparency and preserve data integrity whilst making the collection and management of emissions data easier for suppliers.
Which growth-oriented segments of the automotive blockchain market are leading the industry's development?
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
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What regions are leading the charge in 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 companies are at the forefront of innovation in the automotive blockchain market?
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.
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What Is Covered In The Automotive Blockchain Global Market Report?
•Market Size Forecast: Examine the automotive blockchain market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive blockchain market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive blockchain market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive blockchain market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive blockchain market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive blockchain market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive blockchain market.
•Competitive Landscape: Review strategic developments in the automotive blockchain market, including expansions, agreements, and new product launches.
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