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Global Automotive Blockchain Market By Type (Public, Private, Others), By Application (Supply Chain, Insurance, Others), By Provider (Middleware Provider, Others), By End-Users (OEMs, Others), By Region, Forecast & Opportunities to 2026

The global automotive blockchain market accounted for a value of USD .3 billion in 2019 and is projected to register growth at a CAGR of 27.2% during forecast period.

COVID-19 has impacted the automotive blockchain market. Automotive market has experienced a major hit due to this pandemic and it is expected that after this pandemic, sales of vehicles will be primary concern for OEMs. Due to pandemic there was lockdown all over the world, the companies suffered shutdown because of which the production was stopped. The supply of raw material was on halt which has affected production immensely. Automotive blockchain market is expecting decline due to COVID-19.

Definition:

Automotive blockchain is used to keep track of data and stores data for the processes related to automobile. This includes various processes such as IoT, smart contracts and other processes include service, car sales, chain processing etc. The data stored related to automotive in a blockchain is authentic and cannot be hampered by the any user. It provides safer and secure data to its customers.

Market Dynamics (Drivers/Opportunities):

The investment in autonomous and connected vehicles is increasing. The demand for various types of mobility services is increasing such as vehicle rental, leasing, hailing, pooling etc. Blockchain allow car rental companies to manage their fleet by monitoring the maintenance of registered vehicles. The demand and adoption of automotive blockchain is increasing and drives growth in automotive blockchain market during forecast period.

The blockchain technology helps in finding application in car manufacturing by enhancing supply chain management. The focus on reducing data leaks and manipulations are increasing and people are looking for faster transaction. The adoption of automotive blockchain for logistics and transportation and this drives growth in automotive blockchain market during forecast period.

Market Insights, by Application

On the basis of application, the automotive blockchain market is segmented into manufacturing, supplychain, insurance, financial transaction and others. The manufacturing segment is estimated to dominate the market during forecast period. The automotive parts and components can be damaged, steal or lost in delivery and the manufacturers could not take necessary measures to prevent it even after knowing about component. Blockchain helps the OEMs to follow up on the lost, steal or damaged components. This increases demand and adoption of automotive blockchain in manufacturing applications and drives growth in this segment during forecast period.

Market Insights, by Type

On the basis of type, the automotive blockchain market is segmented into public, private and hybrid. The private blockchain segment is estimated to be lead the market during forecast period. The adoption of blockchain technology is higher by private domain. The public blockchain has low scalability and high transaction costs and this makes the private blockchain highly preferred and drives growth in private blockchain segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to grow at highest rate during forecast period. The Asia-Pacific region has the biggest IT companies and automotive market around the world. The China and India are estimated to dominate the automotive blockchain market. China is the largest manufacturer of automotive vehicles and a major exporter of components of automotive. The demand and adoption for automotive blockchain is increasing and this drives growth in Asia-Pacific region in automotive blockchain market during forecast period.

Key Companies & Market Share Insights

The key market players in automotive blockchain industry are IBM, Accenture, Microsoft, Carvertical, helbiz, Tech Mahindra, HCL Technologies, Xain, NXM Labs, Carblock, Cube, Context Labs, Shiftmobility, Bigchaindb, Dashride, Foam, RSK Labs, GEM and Consensys.

Segments Covered in the Report

This report forecasts The Global Automotive Blockchain Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global automotive blockchain report on the basis of type, application, provider and end-users.

Automotive Blockchain Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth End-Usersrs
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Automotive Blockchain Market, By Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Private
  • Public
  • Hybrid
  1. Automotive Blockchain Market, By Provider, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Middleware Provider
  • Infrastructure and Protocols Provider
  • Application and Solution Provider
  1. Automotive Blockchain Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Manufacturing
  • Supplychain
  • Insurance
  • Financial Transaction
  • Others
  1. Automotive Blockchain Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Vehicle Owners
  • OEMs
  • Mobility as a Service Provider
  1. Automotive Blockchain Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Provider
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Provider
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Provider
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Provider
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Provider
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Accenture
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • IBM
    • Accenture
    • Microsoft
    • Carvertical
    • Helbiz
    • Tech Mahindra
    • HCL Technologies
    • Xain
    • NXM Labs
    • Carblock
    • Cube
    • Context Labs
    • Shiftmobility
    • Bigchaindb
    • Dashride
    • RSK
    • Labs
    • GEM Consensys
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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