Automotive Blockchain Industry Outlook 2025-2029: Market Set to Cross $1.57 Billion Milestone

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How Large Will the Automotive Blockchain Market Size By 2025?
The size of the automotive blockchain market has seen massive expansion in the past few years. The market is projected to rise from a valuation of $0.57 billion in 2024 to $0.7 billion in 2025, reflecting a compound annual growth rate (CAGR) of 22.8%. Factors contributing to this historic growth include the rise in mobility services, increased utilization of ride-sharing and car-sharing services, a heightened emphasis on curtailing data leaks and manipulation, a demand for standardized and secure transactions, and a lower total cost of ownership.

How Big Is the Automotive Blockchain Market Size Expected to Grow by 2029?
The size of the automotive blockchain market is predicted to experience dramatic expansion in the coming years, reaching a value of $1.57 billion in 2029 with a 22.6% Compound Annual Growth Rate (CAGR). This predicted growth during the forecast period is largely due to the increment in vehicle manufacturing processes, efforts to resolve supply chain issues to escalate efficiency and reduce costs, increased transparency, and the widespread utilization of blockchain technology for creating clear and unalterable records. Key trends expected during this forecast period involve integration with existing systems, greater use of the automotive blockchain for payments, the integration and adoption of blockchain solutions, and growth in the cryptocurrency market capital.

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Which Key Market Drivers Powering Automotive Blockchain Market Expansion and Growth?
Rising vehicle manufacturing procedures are predicted to surge the expansion of the automotive blockchain market. The automotive blockchain requirement emerges from the desire to boost supply chain visibility, fraudulent activity avoidance, data safety in the vehicle manufacturing process, driving effectiveness, and promoting faith across the automotive infrastructure. Automotive blockchain is used in vehicle production to enhance supply chain visibility, quality assurance, and fraud prevention, whilst facilitating automated processes and ensuring secure data exchange among all interested parties. Consequently, this results in boosted efficiency and faith in vehicle production. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based automobile industry lobbying and standards group, stated that in 2022, worldwide motor vehicle production attained 85.4 million units, portraying a 5.7% surge from 2021. Thus, the escalating vehicle manufacturing procedures are spurring growth in the automotive blockchain market.

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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Blockchain Market?
Major players within the automotive blockchain market are innovating advanced solutions, such as merging artificial intelligence (AI) with refined blockchain technology to secure a competitive advantage. This mix of technologies not only manages and tracks carbon emissions at all stages of the supply chain but also guarantees data precision and authenticity. For example, in July 2023, the automotive manufacturing giants based in South Korea, Hyundai Motor Company and Kia Corporation, debuted a novel Supplier CO2 Emission Monitoring System (SCEMS). This mechanism, which amalgamates artificial intelligence (AI) and blockchain technology, proficiently oversees carbon emissions throughout their supply chains. The goal of this system is to boost transparency and the integrity of data while streamlining the method for suppliers to gather and manage emissions information.

What Are the Emerging Segments 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

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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Automotive Blockchain Industry?
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.

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