Global Automotive Blockchain Market Expected to Achieve 21.4% CAGR by 2029: Growth Forecast Insights

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Automotive Blockchain Industry Market Size Be by 2025?
In recent years, the size of the automotive blockchain market has witnessed remarkable growth. Predictions show an increase from $0.57 billion in 2024 to $0.7 billion in 2025, with a compound annual growth rate (CAGR) of 22.8%. The substantial expansion during the preceding period is due to a surge in mobility services, a heightened adoption of ride-share and car-share services, increased emphasis on mitigating data breaches and manipulation, the necessity for safe and standardized transactions, and a decrease in overall ownership costs.

What's the Long-Term Growth Forecast for the Automotive Blockchain Market Size Through 2029?
In the upcoming years, the market size of automotive blockchain is predicted to witness significant growth. The market is expected to reach a value of $1.51 billion by 2029, growing at a compound annual growth rate (CAGR) of 21.4%. This projected growth during the forecast period can be attributed to factors such as a surge in vehicle production processes, supply chain inefficiencies demanding better efficiency, a push for cost reduction and transparency enhancements, coupled with the wide-spread use of tamper-proof and transparent blockchain technology. Forecasted trends for this period incorporate the integration with the current systems, higher application of automotive blockchain in payments, increased incorporation and adoption of blockchain resolutions, and the rise in the capital of the cryptocurrency market.

View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-blockchain-global-market-report

What Are the Key Growth Drivers Fueling the Automotive Blockchain Market Expansion?
The escalating processes involved in vehicle production are anticipated to fuel the expansion of the automotive blockchain market in the future. The trend toward automotive blockchain springs from the necessity for greater transparency in the supply chain, quality assurance, fraud elimination, data protection in car manufacturing, efficiency enhancement, and fostering trust across the automotive landscape. The automotive blockchain is capitalized upon in car production to augment transparency in supply chains, quality monitoring, and fraud deterrence, while facilitating automated processes and safe data exchange among relevant parties, thus boosting efficiency and confidence in vehicle fabrication. This is evident from the statistics provided by the European Automobile Manufacturers Association, a Belgium-based automobile industry lobby and standards group, which reported in May 2023 that global motor vehicle production in 2022 achieved 85.4 million units, reflecting a 5.7% growth from 2021. Consequently, these escalating vehicle manufacturing processes are sparking growth in the automotive blockchain market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16600&type=smp

What Are the Key Trends Driving Automotive Blockchain Market Growth?
Leading entities in the automotive blockchain marketplace are concentrating on fabricating cutting-edge solutions such as integrating artificial intelligence (AI) with high-efficiency blockchain technology, aiming to secure a competitive advantage. This hybrid approach not only calculates and tracks carbon emissions throughout the supply chain, it also guarantees data honesty and transparency. For example, Hyundai Motor Company and Kia Corporation, both automotive manufacturers based in South Korea, in July 2023, pioneered the Supplier CO2 Emission Monitoring System (SCEMS). This system, a fusion of AI and blockchain technology, is designed to effectively oversee and control the carbon emissions across their supply chains, thereby boosting data transparency and integrity and making the emissions data collection and management easier for suppliers.

How Is the Automotive Blockchain Market Segmented?
The automotive blockchainmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16600&type=smp

Which Companies Are Leading the Charge in Automotive Blockchain Market Innovation?
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 Regions Are Leading the Global Automotive Blockchain Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16600

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@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.