Navigating the Future: Blockchain in Manufacturing Market Trends and Forecast Insights, 2025 Edition

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Blockchain in Manufacturing Market Size Growth Forecast: What to Expect by 2025?
There has been a remarkable expansion of the blockchain in manufacturing market size in the past few years. The market, which will grow from a value of $248.93 billion in 2024, is projected to increase to $427.99 billion in 2025, marking a compound annual growth rate (CAGR) of 71.9%. The growth experienced during the historic period can be traced back to the rising need for improved visibility of the supply chain, the escalating concerns regarding counterfeiting, the increasing complexity of manufacturing procedures, the implementation of smart contracts in manufacturing, and the call for heightened data security in the manufacturing sector.

How Will the Blockchain in Manufacturing Market Size Evolve and Grow by 2029?
The market for blockchain in manufacturing is predicted to witness a meteoric rise in the forthcoming years. By 2029, it is set to expand to $3297.77 billion, with a compound annual growth rate (CAGR) of 66.6%. The projected growth in the said period can be tied to several factors such as the implementation of blockchain in industry 4.0 initiatives, an increasing emphasis on verification and visibility, greater adoption of distributed manufacturing networks, a surge in regulatory compliance needs, and the broadening of blockchain applications beyond the supply chain. Key trends anticipated during the prediction period encompass the formation of consortiums and industry partnerships, quality assurance and compliance via blockchain, IoT integration with blockchain, embracing tokenization in manufacturing transactions, and a concentration on sustainability and ethical sourcing through blockchain.

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What Drivers Are Propelling the Growth of Blockchain in Manufacturing Market Forward?
The surge in blockchain utilization by various industries worldwide is propelling the blockchain market's expansion. In the manufacturing industry, blockchain has the potential to revolutionize the business model by enhancing transparency throughout the entire process, from supplier selection, strategic sourcing, purchasing, and quality control to shop floor procedures, encompassing machine-level tracking and maintenance. For example, reports from the Energy Information Administration, a US government body, in February 2024 stated that cryptocurrency mining activities in the US have spiked electricity consumption, contributing to an estimated 0.6% to 2.3% of the entire country's electricity usage. Consequently, the mounting demand for blockchain across different sectors is predicted to boost the blockchain in the manufacturing market growth in the future.

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Which Emerging Trends Are Transforming the Blockchain in Manufacturing Market in 2025?
In an effort to promote supply chain transparency and bolster operational efficiency through decentralized processes, key stakeholders in the blockchain manufacturing market are giving importance to the development of highly advanced technological solutions, such as the Tezos Blockchain ecosystem. Tezos Blockchain is a system that is decentralized and facilitates smart contracts and dApps underpinned by in-built governance. This allows involved parties to put forth and decide on protocol upgrades through voting. Continuous innovation, scalability, security, and decentralization are some of the major features that this self-amending platform focuses on. For example, to address the issues plaguing the blockchain industry, Moi Technology Ltd., a technology firm based in India, introduced the Babylon Testnet in June 2023. The blockchain scenario witnesses a significant improvement with Babylon Testnet that brings enhanced safety, flexibility, and scalability to tackle hurdles related to efficiency and engagement with the user. This user-centric approach aids in promoting a balanced and long-lasting digital ecosystem by empowering users and developers with flawless interactions and intelligent decision-making abilities.

What Are the Key Segments in the Blockchain in Manufacturing Market?
The blockchain in manufacturing market covered in this report is segmented -

1) By Applications: Logistics and Supply Chain Management, Counterfeit Management, Quality Control And Compliance, Other Applications
2) By Component: Platform, Services
3) By End-Use: Energy And Power, Industrial, Automotive, Pharmaceuticals, Aerospace And Defense, Food And Beverages, Textile And Clothing, Other End-Users

Subsegments:
1) By Logistics And Supply Chain Management: Inventory Management, Shipment Tracking, Supplier Verification
2) By Counterfeit Management: Product Authentication, Traceability Solutions, Brand Protection
3) By Quality Control And Compliance: Regulatory Compliance Tracking, Quality Assurance Documentation, Audit Trail Management
4) By Other Applications: Equipment Maintenance And Tracking, Smart Contracts For Manufacturing Processes, Data Sharing And Collaboration Platforms

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Who Are the Key Players Shaping the Blockchain in Manufacturing Market's Competitive Landscape?
Major companies operating in the blockchain in manufacturing market include Advanced Micro Devices Inc., Amazon Web Services Inc., Blockchain Foundry Inc., CargoX Inc., Chronicled Inc., Xayn AG, Factom Inc., International Business Machines Corporation, Intel Corporation, Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Riddle&Code GmbH, Wipro Limited, Everledger Ltd., PLC, BigchainDB GmbH, ChromaWay AB, LO3 Energy Inc., SAP SE, Siemens AG, Baidu Inc., Huawei Technologies Co. Ltd., Deloitte Touche Tohmatsu Limited, HCL Technologies Ltd., Tata Consultancy Services Limited, Capgemini SE, Infosys Limited, Chainway Information Technology Co. Ltd., The Bitfury Group, Sphera Solutions Inc., Provenance Ltd.

What Geographic Markets Are Powering Growth in the Blockchain in Manufacturing Market?
Asia-Pacific was the largest region in the blockchain in manufacturing market in 2024. The regions covered in the blockchain in manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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