According to a new market report published by Lucintel, the future of the global automotive blockchain market looks promising with opportunities in the personal mobility, shared mobility, and commercial mobility segments. The global automotive blockchain market is expected to grow with a CAGR of 32% 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.
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In this market, smart contracts, supply chain, financing, and mobility solutions are the major application segments. On the basis of comprehensive research, Lucintel forecasts that mobility solutions will remain the largest application 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 automotive blockchain.
APAC is expected to remain the largest market and witness the highest growth 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.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing cryptocurrency market capital, higher adoption for better payments, logistics & transportation, and usage-based insurance. Accenture, IBM Corporation, HCL Technologies, Microsoft Corporation, Tech Mahindra, CarVertical, SHIFTMobility Inc, and BigchainDB GmbH are among the major suppliers of the automotive blockchain market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive blockchain market by application, provider, mobility type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Blockchain Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive blockchain market by application, provider, mobility type, and region, as follows:
By Application [Value ($ Million) from 2015 to 2026]:
Smart Contracts
Supply Chain
Financing
Mobility Solutions
Others
By Provider [Value ($ Million) from 2015 to 2026]:
Middleware Providers
Infrastructure and Protocol Providers
Application and Solution Providers
By Mobility Type [Value ($ Million) from 2015 to 2026]:
Personal Mobility
Shared Mobility
Commercial Mobility
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.