Automotive Blockchain Market research report has been prepared with the systematic gathering and evaluation of market information for industry which is presented in a form that explains various facts and figures to the business. Report saves valuable time as well as adds credibility to the work that is performed to grow business. This quality report has been planned with full commitment and transparency in research and analysis. With the systematic insights of this report, companies can self-assuredly take decisions about the production and marketing strategies. Automotive Blockchain Market document provides the same by studying the market and the industry with respect to numerous aspects.

Automotive Blockchain Market report gives explanation about the different segments of the market analysis which is demanded by today’s businesses. Key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the industry. All the market aspects are estimated and analysed by a team of innovative, enthusiastic and motivated researchers and analysts so that nothing lefts uncovered in the report. Global Automotive Blockchain Market research report, it becomes easy to figure out brand awareness and insight about the brand and product among potential customers.

Data Bridge Market Research analyses that the automotive blockchain market was valued at USD 423.1 million in 2021 and is expected to reach the value of USD 4853.53 million by 2029, at a CAGR of 35.66% during the forecast period of 2022-2029.

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A decentralised ledger used to store, track, and monitor data related to automobiles is referred to as automotive blockchain. It is linked by cryptography, which focuses on transforming data into formats that are unrecognised by unauthorised users in order to provide immediate, shared, and transparent information. Automotive blockchain provides numerous advantages, including quick warranty claim processing, easy-to-track operations, improved smart contracts and car sales, tamper-proof transaction records, improved transparency, instant traceability, and lower payment exchange fees. Aside from that, it is widely used to streamline procedures, store unique data, verify and secure vehicle mileages, and prevent fraud.

Some of the major players operating in the automotive blockchain market are:

• IBM Corporation (US)
• Microsoft (US)
• BASF SE (Germany)
• DSM (Netherlands)
• Oracle (US)
• Huawei Technologies Co., Ltd. (China)
• Bitfury Group Limited. (Netherlands)
• TIBCO Software Inc. (US)
• Applied Blockchain Ltd (US)
• Guardtime (Estonia)
• OARO (Canada)
• Peer Ledger Inc. (Canada)
• Venture Proxy Ltd. (UK)
• Datex Corporation (US)
• Omnichain Solutions (US)
• Amazon Web Services, Inc. (US)
• Bitnation.co (US)
• Blockverify (UK)
• BTL Group Ltd. (UK)
• Cambridge Blockchain, LLC (US)

Recent Developments

• In April 2021 Tech Mahindra Ltd has agreed to launch 'Stablecoin-As-A-Service' blockchain solutions with the Netherlands-based Blockchain technology application incubator Quantoz.
• In October 2020 Skoda Auto DigiLab has partnered with innovation management firm Lumos Labs and Microsoft to identify blockchain solutions in manufacturing. The collaboration intends to use its development expertise and digitization knowledge to identify problem statements for the startups to work on innovative blockchain-based solutions.

Global Automotive Blockchain Market Scope

The automotive blockchain market is segmented on the basis of application, provider, mobility type, technology type, propulsion, vehicle type and type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Smart Contracts
• Supply Chain
• Financing
• Mobility Solutions
• Others

Provider

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

Mobility Type

• Personal Mobility
• Shared Mobility
• Commercial Mobility

Technology type

• Open Block Chain
• Closed Block Chain
• Consortium Block Chain
• Hybrid Block Chain

Vehicle type

• Passenger Car
• Commercial Vehicle

Type

• Public
• Private
• Hybrid

Propulsion

• ICE
• Electric Vehicle

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the Automotive Blockchain Market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Automotive Blockchain Market.

Global Automotive Blockchain Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Furthermore, big sample sizes have been utilized for the data collection in this business report which suits the necessities of small, medium as well as large size of businesses. The report explains the moves of top market players and brands that range from developments, products launches, acquisitions, mergers, joint ventures, trending innovation and business policies.

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