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Automotive Blockchain Market by Growing Technology Trends till 2026

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Automotive Blockchain Market by Growing Technology Trends till 2026

September 21
03:00 2021
Automotive Blockchain Market by Growing Technology Trends till 2026
Reportsanddata
Market Size – USD 92.94 Million in 2018, Market Growth – CAGR of 34.95%, Market Trends – Increasing number of mandates by government to reduce the vehicle emissions as well as the demand for passenger comfort are the factors adding up to the growth of the Automotive Blockchain market.

According to the current analysis of Reports and Data, the global Automotive Blockchain was valued at USD 92.94 Million in 2018 and is projected to grow at a CAGR of 34.95% from 2019 to USD 1.79 Billion in 2026. Factors affecting the growth of the Automotive Blockchain are the rising focus related to the reduction of the data manipulation as well as leaks, and the efficiency Automotive Blockchain provides with its low operational cost. These factors will propel the growth of the over the forecasted period. However, the uncertainty of the regulation that are associated with the Blockchain can affect the growth through 2026.

Blockchain is a decentralized, distributed ledger that can record the provenance of a digital asset. The implementation of this technology in the automotive industry is called as Automotive Blockchain. The blockchain technology has made a huge impact in the automotive industry due to the features like prompt transactions, and low data leaks amongst others.

The implementation of 5G network infrastructure will boost the further growth of the Automotive Blockchain. As high tech features for in-vehicles are increasingly becoming available, connected through networks, blockchain in automotive industry is gaining more traction. Combining blockchain and 5G technology to automated vehicles can provide number of possibilities for tracking, monitoring, protection against cyber-security threats as well as the ability to share the information of the vehicle amongst others.

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For automotive OEMs, secure blockchain offers a vital platform for mobility scores that can determine the OEMs relative value as well as the reliability. Blockchain can be used to collect key driving habits to reward the users and lower down potential damage.

The introduction of the blockchain in the automotive industry is witnessing innovations from leading players which is expected to supplement the growth of the.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/automotive-blockchain-market

Further key findings from the report suggest

  • The Global Automotive Blockchain is forecast to grow from USD 92.94 Million in 2018 at a rate of 34.95% CAGR to reach a valuation of USD 1.79 Billion in 2026.
  • Increasing focus related to the reduction of the manipulation of the data as well as data leaks is one of the major factor boosting the growth of the.
  • However, the uncertainty of the government regulations related to blockchain is one of the major factors that will affect the growth of the over the forecasted period.
  • Mobility Solutions segment is forecasted to witness fastest growth in the coming years on account of rapid growth of shared mobility industry, rise in the consumer demands, and the inclusion of blockchain in automotive business models.
  • Japan is introduced the blockchain technology for car insurance registration, thereby lowering the involvement of the third party and the middleman.
  • Applications and Solutions provider segment was the leading segment in 2018. The segment was valued at USD 76.8 million and is forecasted to grow to more than USD 600 million through 2026 on account of rising number of applications.
  • Asia Pacific region is forecasted to grow the fastest over the forecast period. Strong economic growth, rising population, rapid urbanization as well as an increasing purchasing power of the people in this region are some of the factors for the growth of the region. Other factors like increasing foreign investments in this region is boosting the growth of the.
  • Key participants include IBM (U.S.), Accenture (Ireland), Microsoft (U.S.), CarVertical (Estonia), Helbiz (U.S.), Tech Mahindra (India), HCL Technologies (India), Xain (Germany), NXM Lab (U.S.), Carblock (U.S.), Cube (South Korea), Context Labs (Netherlands), Shiftmobility (India), Bigchaindb (Germany), Dashride (U.S.), and Consensys (U.S.).

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward-looking perspective on different factors driving or restraining growth
  • It provides a six-year forecast assessed on the basis of how the is predicted to grow
  • It helps in understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of and by making in-depth analysis of segments

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Table of Content:

Chapter 1. Synopsis

1.1. Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Estimation Technique

Chapter 2. Executive Summary

2.1. Introduction

2.2. Summary Snapshot, 2016 – 2026

2.3. Assumptions

2.4. Limitations…

For the purpose of this study, Reports and Data have segmented the Automotive Blockchain on the basis of Application, By Provider, By Mobility type, and Region:

Application (Revenue, USD Million; 2016–2026)

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

Provider (Revenue, USD Million; 2016–2026)

  • Middleware Provider
  • Infrastructure and Protocol Provider
  • Application and Solutions Provider

Mobility type (Revenue, USD Million; 2016–2026)

  • Personal Mobility
  • Shared Mobility
  • Commercial Mobility

Regional Outlook (Revenue in USD Million; 2016–2026)

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World
    • Middle East & Africa
    • Latin America

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About us:

Reports and Data is a research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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