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The future of the global automotive blockchain market looks promising with opportunities in personal mobility, shared mobility and commercial mobility segments. The global automotive blockchain market is expected to grow with a CAGR of 31%-33% from 2021 to 2026. The major drivers for this market are increasing focus on reducing data leaks and manipulations, faster transactions and reduced total cost of ownership.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of smart/intelligent relays, development of miniaturization and high contact capability, and implementation of electronic content.
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The study includes a forecast for the global automotive blockchain market by application, provider, mobility type and region, as follows:
By Application [Value ($ Million) from 2015 to 2026]:
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Smart Contracts
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Supply Chain
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Financing
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Mobility Solutions
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Others
By Provider [Value ($ Million) from 2015 to 2026]:
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Middleware Provider
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Infrastructure and Protocols Provider
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Application and Solution Provider
By Mobility Type [Value ($ Million) from 2015 to 2026]:
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Personal Mobility
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Shared Mobility
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Commercial Mobility
By Region [Value ($ Million) from 2015 to 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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APAC
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China
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India
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Japan
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ROW
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Middle East
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Brazil
Some of the automotive blockchain companies profiled in this report include Accenture, IBM Corporation, HCL Technologies, Microsoft Corporation, Tech Mahindra, CarVertical, SHIFTMobility Inc, and BigchainDB GmbH.
Lucintel forecasts that mobility solutions will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the rapidly growing shared mobility industry, rise in consumer demand for advanced mobility services and inclusion of blockchain in automotive business models.
Within the global automotive blockchain market, the application and solution provider segment is expected to witness the highest growth over the forecast period due to the introduction of technologically advanced blockchain solutions and significant investments by OEMs and Tier I companies in the automotive blockchain.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the growing adoption of blockchain technology in automotive to increase build trust and transparency between users and enterprises, and increased production and sale of electric vehicles.
Features of the Global Automotive Blockchain Market
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Market Size Estimates: Global automotive blockchain market size estimation in terms of value ($M) shipment.
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Trend and Forecast Analysis: Market trends (2015-2021) and forecast (2021-2026) by various segments.
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Segmentation Analysis: Global automotive blockchain market size by various segments, such as by application, provider and mobility type in terms of value
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Regional Analysis: Global automotive blockchain market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
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Growth Opportunities: Analysis of growth opportunities in different by application, provider, mobility type and regions for the global automotive blockchain market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive blockchain market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising growth opportunities for the global automotive blockchain market by application (smart contracts, supply chain, financing, mobility solutions and others), provider (middleware provider, infrastructure and protocols provider and application and solution provider), mobility type (personal mobility, share mobility and commercial mobility) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last five years? |
Report Scope
Key Features |
Description |
Base Year for Estimation |
2021 |
Trend Period
(Actual Estimates) |
2015-2020 |
Forecast Period |
2021-2026 |
Pages |
210 |
Market Representation / Units |
Revenue in US $ Million |
Regional Scope |
North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
Report Coverage |
Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
Market Segments |
Application (Smart Contracts, Supply Chain, Financing, Mobility Solutions and Others), Provider (Middleware Provider, Infrastructure and Protocols Provider And Application and Solution Provider), Mobility Type (Personal Mobility, Share Mobility and Commercial Mobility) |
Customization |
10% Customization without Any Additional Cost |