Automotive Blockchain Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Automotive Blockchain Market is estimated to surpass the $840 million mark by 2028 growing at an estimated CAGR of more than 27% during the forecast period 2022 to 2028. The automotive blockchain is used to track data and store it for automotive-related processes. This includes various processes such as smart contracts, IoT, as well as other processes related to car sales, servicing, warranty claim processing, and other related processes. The car-related data stored on the blockchain is genuine and cannot be tampered with by users of the system. So we provide our customers with safer and more secure data. It also helps buyers and sellers avoid intermediaries or third parties involved in a transaction or other process. The automotive blockchain contains applications and solutions that help the system to function better. This includes a middleware that acts as a bridge between the application and the database for storing and retrieving data. Various players from all over the world have made innovations and advancements in the automotive blockchain space. Through this, various services are provided to vehicle users.

Company Profile

The key players including Accenture, Carvertical, CarBlock, Helbiz, HCL Technologies, IBM, Microsoft, NXM Labs, Tech Mahindra, and Xain hold major automotive blockchain market share.

Market Segmentation

By Application

• Smart Contracts
• Supply Chain
• Financing
• Mobility Solutions

By Provider

• Middleware Provider
• Infrastructure and Protocols Provider
• Application and Solution Provider

By Mobility Type

• Personal Mobility
• Shared Mobility
• Commercial Mobility

Scope of the Report

The research study analyzes the Automotive Blockchain Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Blockchain Market Report

1. What was the Automotive Blockchain Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Automotive Blockchain Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Automotive Blockchain Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.