The use of blockchain for decentralizing legacy silos inprocesses and expediting the entire production is of pivotal use in times ofhigh consumer demand. Various operations in the automotive sector can berapidly accelerated and eliminate third-parties in the process. The globalautomotive blockchain market report by Market Research Future (MRFR) providesextensive coverage by analyzing niches, trends, and opportunities for theperiod of 2018 to 2025 (forecast period). The COVID-19 pandemic and its effectson the economic environment and its implications on the automotive industry areexplored in full detail.
Get Free Sample Report in PDF Format @https://www.marketresearchfuture.com/sample_request/7735
Market Scope:
The globalautomotive blockchain market is projected to exhibit a CAGR of 21% over the forecast period. This is attributed to rise of ride hailingapps, increase in e-mobility and on-demand services, sales of automobiles, andfaster and secure transaction methods. Adoption of blockchain technology fortransportation and logistics sectors and development of new business models forthe automotive aftermarket sector can be opportune for the market to expand itsgrowth.
Focus on reducing the amount of data leaks and loweringproduction costs can drive the demand for blockchain in the automotive sector.The need for transparency and trust for maintaining supply chains during theCOVID-19 pandemic can bode well for the market. The World Economic Forum hadreleased a blockchain deployment toolkit for helping companies to prepare incase of uncertain events.
The lack of technical personnel, uncertainty over GDPRregulation in Europe, and limited scalability are factors that can restrainmarket growth.
Segmentation
On the basis of technology type, the market has beensegmented into open blockchain, closed blockchain, consortium blockchain, andhybrid blockchain.
On the basis of application, the market has been segmentedinto mobility solutions, contracts, supply chain, financing, and others.Mobility solutions are deemed to capture a significant market share due to itsability to ensure secure transactions between owners of cars and renters. TheEY Tesseract is a platform offered by Ernst & Young that enablespeer-to-peer interactions between owners and car users.
On the basis of provider, the market has been segmented intoapplication & solution provider, middleware provider, and infrastructure& protocols provider.
On the basis of propulsion, the market has been segmentedinto ICE and electric vehicle. The latter is further sub-segmented into plug-inhybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and batteryelectric vehicle (BEV).
On the basis of vehicle type, the market has been segmentedinto passenger car and commercial vehicle.
New Business Strategies, Challenges & Policies arementioned in Table of Content, Inquire Now (Kindly Use Your Business/CorporateEmail Id) @https://www.marketresearchfuture.com/enquiry/7735
Regional Analysis
Asia Pacific is expected to hold the largest market shareduring the forecast period owing to the growing adoption of blockchaintechnology in the automotive industry to build trust and transparency betweenusers and enterprises. Moreover, increased production and sales of electricvehicles are expected to boost the demand for automotive blockchain in thisregion. Furthermore, the growing implementation of blockchain technology inridesharing applications in China and India, will lead to the market growth.
North America is expected to grow at significant rate duringforecast period due to the high instances of deployment of blockchaintechnology in electric vehicles and commercial vehicles in the U.S. and Canada.Deployment of blockchain for monitoring energy systems can lead to itsimplementation in charging infrastructure for EVs. Cryptocurrencies and rise ofmobility as a service (MaaS) are likely to push for the use of blockchain for itsimmutability of data and rapid handling of transactions.
Competitive Outlook
ShiftMobility, Tech Mahindra, IBM Corporation, MicrosoftCorporation, RSK Labs, HCL Technologies, Helbiz, carVertical, XAIN, andBigchainDB GmbH are key players of the global automotive blockchain market.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. SCOPE OF THE REPORT
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.2.1. DEFINITION
2.2.2. RESEARCH OBJECTIVE
2.2.3. ASSUMPTIONS
2.2.4. LIMITATIONS
2.3. RESEARCH PROCESS
2.3.1. PRIMARY RESEARCH
2.3.2. SECONDARY RESEARCH
2.4. MARKET SIZE ESTIMATION
2.5. FORECAST MODEL
3. MARKET LANDSCAPE
3.1. PORTER’S FIVE FORCES ANALYSIS
3.1.1. THREAT OF NEW ENTRANTS
3.1.2. BARGAINING POWER OF BUYERS
3.1.3. THREAT OF SUBSTITUTES
3.1.4. SEGMENT RIVALRY
3.1.5. BARGAINING POWER OF BUYERS
3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
Don't miss out on business opportunities in Market. BuyNow and gain crucial industry insights that will help your business grow @https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7735
About Market Research Future:
Market Research Future (MRFR) is a global market researchfirm that takes great pleasure in its services, providing a detailed andreliable study of diverse industries and consumers worldwide. MRFR'smethodology integrates proprietary information with different data sources toprovide the client with a comprehensive understanding of the current key trends,upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted bya competent team of research analysts who provide useful analytics and data ontechnological and economic developments. Our deemed analysts make industrialvisits and collect valuable information from influential market players. Ourmain goal is to keep our clients informed of new opportunities and challengesin various markets. We offer step-by-step assistance to our valued clientsthrough strategic and consulting services to reach managerial and actionabledecisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
