Automotive Block Chain Market is expected to rise at annual rate of 35.16% in the forecast period of 2020 to 2027 and will reach USD 3.53 billion by 2027 due to the rising need to decrease data leaks and manipulations which is acting as a major growth driver for the market. However, the limited scalability and ambiguity over regulations will restrict the growth of the automotive block chain market in the above mentioned forecast period.
The North America is supposed to be the most active developing market largely due to the increasing production of automobiles along with prevalence of major key market players in the region.
Automotive Block Chain Market Scenario
According to Data Bridge Market Research the market for automotive block chain is accelerating because of the decreasing operational cost. Also the high adoption of advanced solutions for faster transactions is also helping the market to grow. Furthermore, the rising adoption of block chain for mobility and payment services, usage based insurance, logistics and transportation and others along with rising capital through crypto currency will create lucrative opportunities for the growth of the automotive block chain market.
Now the question is which are the other regions that automotive block chain market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the increasing population along with rapid urbanization and increasing economic growth in the region.
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Automotive Block Chain Market Development
- In April 2020, BMW had launched of its new blockchain powered supply chain management solution named as PartChain. This blockchain technology will offer lucidity and traceability of components and raw materials that are used in the production of automobiles. This launch will help the company to expand its presence in the market.
Automotive Block Chain Market Scope
Automotive block chain market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of automotive block chain market is further analyzed based on maximum granularity into further segmentation. Automotive block chain market on the basis of application has been segmented as smart contracts, supply chain, financing, mobility solutions, and others. Based on provider, the automotive block chain market has been segmented into middleware provider, infrastructure and protocols provider, application and solution provider. On the basis of mobility type, the automotive block chain market has been segmented into personal mobility, shared mobility, and commercial mobility. On the basis of technology type, the automotive block chain market has been segmented into open block chain, closed block chain, consortium block chain, and hybrid block chain. Based on propulsion, the automotive block chain market has been segmented into ICE, and electric vehicle. On the basis of vehicle type, the automotive block chain market has been segmented into passenger car, and commercial vehicle. Automotive block chain has also been segmented on the basis of type into public, private, and hybrid.
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Key Pointers Covered in the Automotive Block Chain Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- IBM Corporation
- Accenture
- Microsoft
- carVertical
- Helbiz
- Tech Mahindra Limited
- HCL Technologies Limited
- XAIN AG
- NXM Labs, Inc
- CarBlock Corp
- CUBE INTELLIGENCE LTD
- Context Labs
- ShiftMobility Inc
- BigchainDB GmbH
- CONSENSYS
- Gem
Above are the key players covered in the report, to know about more and exhaustive list of automotive block chain companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-block-chain-market
Research Methodology of Global Automotive Block Chain Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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