세계 자동차용 블록체인 시장 규모는 2023년 10억 707만 달러에서 2031년 50억 9,014만 달러에 달할 것으로 예상되며, 예측 기간인 2024년부터 2031년까지 22.45%의 CAGR로 성장할 것으로 예상됩니다. 자동차 산업은 여러 가지 변화를 겪으며 새로운 도전과제를 만들어내고 있습니다. 자동차 산업은 공급망, 여러 제조 단계, 규제 준수, 애프터서비스와 관련된 다양한 도전에 직면해 있습니다. 전기차와 자율주행차의 등장으로 데이터 기반 솔루션에 대한 수요가 증가하고 있습니다. 블록체인 기술은 비용 절감, 원활한 공급망 확보, 다단계 절차 최적화, 책임성 유지에 필수적입니다.
또한, 블록체인 기술은 자동차 공급업체와 최종사용자 모두에게 도움이 될 수 있습니다. 차량 정비 이력 추적부터 공급망 관리 강화에 이르기까지, 이 기술은 자동차 판매, 제조, 애프터세일즈 등 다양한 단계에 도움을 줄 수 있습니다. 공급망 계정을 업그레이드하는 자동차 대기업들이 자동차용 블록체인 시장을 촉진할 것으로 예상됩니다. 거래 시간 단축에 대한 관심이 높아지고 데이터 도난과 투명성에 대한 우려가 커지면서 자동차 및 장비 딜러들이 블록체인 기술을 채택하고 있습니다. 자동차 대기업들은 블록체인 플랫폼을 활용하여 특정 솔루션을 개발하고 있습니다.
예를 들어, 2023년 2월, 자동차 대기업인 Toyota Motors는 자사의 블록체인 솔루션을 확보하기 위해 Aster Network의 해커톤을 후원했습니다. 개발자들은 매우 효율적인 의사 결정과 팀 관리 기능을 가능하게 하는 사내 분산형 자율 조직(DAO)을 구축했습니다.
블록체인 채택을 증가시키는 공급망 강화 및 비용 절감 기회
자동차 부문은 벤더, 딜러, OEM, 서비스 제공업체 간의 복잡한 거래가 이루어지고 있습니다. 블록체인 기술은 이러한 업무를 간소화할 수 있습니다. 블록체인 기술은 프로젝트와 거래의 다양한 참여자 간의 투명성을 보장하고, 자동차 관련 기업들이 정확성을 유지할 수 있도록 돕습니다. 블록체인 기술을 자동차 부문의 다양한 측면에 통합하여 공급망 관리(SCM)의 다양한 단계에서 데이터를 수집, 추적 및 공유합니다.
투명성, 높은 책임성, 간소화된 데이터는 자동차 제조업체의 비용 역학에 긍정적인 영향을 미칩니다. 간소화된 경영은 자동차 비지니스에 비용 절감의 기회를 창출합니다. 블록체인 도구는 원자재 흐름을 보장하고 생산성을 향상시킬 수 있습니다. 또한, 블록체인 기술은 제조업체가 사람의 개입이나 관리 없이 규정 준수를 추적하는 데 도움이 될 수 있습니다. 블록체인 도구는 AI 및 머신러닝의 자동차 애플리케이션을 가상으로 테스트하는 데 도움이 될 수 있습니다.
예를 들어, 2022년 12월 BMW GmbH는 Coinweb과 BNB Chain의 블록체인 기술을 사용하여 업무를 혁신했습니다. 레이어 2 크로스체인 컴퓨팅 플랫폼인 코인웹은 자동차 대기업 BMW와 통합하여 BMW의 효율적인 금융 거래를 지원했으며, 바이낸스 소유의 BNB 체인은 매우 효율적이고 비용 효율적이며 빠른 속도로 프로그램의 중추적인 역할을 수행합니다. 역할을 합니다.
높은 지속가능성과 진화하는 자동차 산업이 시장 성장을 촉진
자동차 브랜드는 환경 친화적인 제조를 보장하면서 지속가능한 자동차를 제공하기 위해 다양한 기술을 채택하고 있습니다. 블록체인 기술은 차량 부품의 가상 설계 과정에서 제공되는 표준 데이터를 간소화하는 데 도움이 됩니다. 이를 통해 프로토타입의 결함을 줄이고 차량을 정확하게 테스트할 수 있습니다. 전기차와 자율주행차의 등장은 자동차용 블록체인 산업에 부가가치를 더할 것으로 예상됩니다. 블록체인 기술은 새로운 제조, 소매, 유통 채널을 촉진할 것으로 예상됩니다.
이 보고서는 세계 자동차용 블록체인 시장에 대해 조사 분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업 현황과 전망 등에 대해 조사 분석했습니다.
Global automotive blockchain market is projected to witness a CAGR of 22.45% during the forecast period 2024-2031, growing from USD 1007.07 million in 2023, to USD 5090.14 million in 2031. The automotive sector is going through multiple changes that further create new challenges. The automotive industry witness different challenges related to the supply chain, several manufacturing stages, regulatory compliances, and after-sales service. The advent of electric and autonomous vehicles has increased demand for a data-based solution. Blockchain technology is vital in cutting costs, ensuring a smooth supply chain, optimizing multi-stage procedures, and keeping accountability.
Additionally, blockchain technology helps both automotive vendors and end-users. From tracking a vehicle's service history to bolstering supply chain management, the technology helps different stages of automotive sales, manufacturing, and after-sales. Automotive giants upgrading their supply chain accounts are projected to fuel the automotive blockchain market. Increasing focus on reducing transaction time and rising concerns over data theft and transparency are pushing automotive and equipment dealers to adopt blockchain technology. Automotive giants are utilizing blockchain platforms to develop specific solutions.
For instance, in February 2023, Automotive giant, Toyota Motors sponsored Aster Network's hackathon to get a blockchain solution for itself. The developers built an intracompany decentralized autonomous organization (DAO) that allows highly efficient decision-making and team management functions.
Boosting Supply Chain and Cutting Cost Opportunities to Increase the Blockchain Adoption
The automotive sector includes complex transactions between vendors, distributors, OEMs, and service providers. Blockchain technology makes these operations streamlined. Blockchain technology ensures transparency between different participants of a project or transaction, which helps automotive companies maintain accuracy. Integrating blockchain technology with various aspects of the automotive sector collects, tracks, and shares data at various stages of supply chain management (SCM).
Transparency, higher accountability, and streamlined data positively impact the cost dynamics for automotive makers. Streamlined operations create cost-cutting opportunities for automotive businesses. Blockchain tools ensure the flow of raw materials, hence higher productivity. Furthermore, blockchain technology helps manufacturers trace regulatory compliances without human intervention and control. Blockchain tools help in the virtual testing of automotive applications of artificial intelligence and machine learning.
For instance, in December 2022, BMW GmbH revamped its operations with Coinweb and BNB Chain's blockchain technology. The layer-2 cross-chain computation platform, Coinweb integrated with automotive giant BMW to help the company with efficient financial transactions. The BNB Chain, owned by Binance, would work as the backbone of the program as it is highly efficient, cost-effective, and fast.
High Sustainability and Evolving Automotive Industry to Fuel the Market Growth
Automotive brands adopt different technologies to deliver sustainable vehicles while ensuring eco-friendly manufacturing. Blockchain technology helps streamline standard data provided while virtually designing vehicle components. Therefore, it reduces prototype failures and tests vehicles with accuracy. The advent of electric and autonomous vehicles is expected to add value to the automotive blockchain industry. Blockchain technology is expected to power new manufacturing, retail, and distribution channels.
For example, in October 2023, the Nissan Formula E team used blockchain technology provided by UAE-based software company Coral to increase awareness of the importance of carbon credits and help the global decarbonization program. The Nissan E team will use the technology in the 2023/24 ABB FIA Formula E World Championship. The Nissan Formula E team and Coral would follow a Greenhouse Gas Protocol and Science Standard framework to track the carbon footprint of the racing team and ensure transparency.
Government Focus on Higher Vehicle Security to Propel the Market Growth
Government promoting sustainable measures and vehicles is projected to further drive the market. The government authorities are constantly pushing for the adoption of the latest technologies like connected car technology, autonomous control, and vehicle-to-vehicle communication. There are many cases in the automotive sector where blockchain can drive innovation and address some challenges growing exponentially.
The government integrates blockchain technology with automotive insurance, dealing with crucial personal information related to individuals and their vehicles. The technology streamlines the data to filter vehicles without insurance, helping government regulatory bodies to act accordingly. Governments partner with blockchain technology vendors to introduce it to different sectors, including retail, healthcare, and automotive.
For instance, in January 2023, the Indian government launched its blockchain module with crypto-oriented 5ire Chain Techno Pvt. Ltd., a Network Capital. The initiative has been launched under the government's National Institution for Transforming India (NITI) Aayog's Atal innovation mission plan.
Applications and Solutions Lead to Higher Adoption Through OEM Platforms
Based on providers, application and solution segment dominates the global automotive blockchain market. The growth is attributed to the adoption of blockchain technology by a larger section of automotive OEMs, as it requires solutions for complex transactions, supply chain management (SCM), and R&D projects. The blockchain applications focus on creating reports while disseminating the data among concerned departments, ensuring transparency. Furthermore, the application and solution providers charge higher amounts and hence hold the major revenue share in the provider category of the market. Additionally, blockchain technology is a safe and secure network that can hardly be manipulated. It prevents data leaks through the accurate application of cryptography. Multilayered authentication and easy deployment, delivering an edge to the application and solution segment over the other segments.
For instance, in August 2023, Mitsubishi Motors Europe announced that it would deploy Vinturas's Cloud-based interoperable network solution (INS). The solution would be integrated into its new generation ASX and the latest COLT models and provide a secure and private vehicle tracking ecosystem.
North America Dominates Automotive Blockchain Market
North America is the leading consumer of the global automotive blockchain market. The region holds a significant share of the market. America is the home to major technological companies that provide solutions to many verticals. The United States is home to blockchain technology giants like IBM, Microsoft, and Helbiz. The automotive brands originating from North America are adopting blockchain solutions at a major scale to enhance productivity and save capital. Furthermore, the factors attributed to the increasing demand for automotive blockchain are the rising requirement for transparency and better data management.
Also, Asia-Pacific's research environment and deployment of the latest technologies are not missing on automotive adoption of blockchain technology. Major OEMs are testing different blockchain pilots to utilize these platforms for better regional productivity and transparency.
Future Market Scenario (2024 - 2031F)
The easy tracking of carbon footprints, advent of battery-based vehicles, and increased adoption in emerging economies, like India and China, are projected to propel the market growth.
The government's push for sustainable manufacturing pushes automotive manufacturers to adopt various blockchain technologies.
The authorities push for regulatory compliance on data security and transparency, which is anticipated to increase the demand for automotive blockchain solutions.
Leading automotive companies are expected to adopt blockchain-based solutions for AI integration and IoT deployment.
Key Players Landscape and Outlook
Key players in automotive blockchain market follow a solutions-based approach while building blockchain tools and software. The technology vendors try to make their platform inclusive while adding elements like customization, enhanced data protection, and streamlined workflows. Furthermore, the major players collaborate with automotive brands, government vehicle insurance entities, etc.
IBM Corporation helps the automotive industry with its blockchain services. The service taps innovative mobility services, supply chain traceability, and trustworthy financial transactions. The blockchain technology helps the vehicles in complex networked software platforms. The company delivers blockchain-backed car eWallet service through IBM cloud platform. The platform has been built through IBM's partnership with ZF and UBS bank.
Tech Mahindra has collaborated with Netherlands-based startup Quantoz to deliver Blockchain-as-a-Service (BaaS) for secure transactions. The collaboration helps the automotive industry in creating a smooth payment gateway for automotive OEMs, triggering new revenue streams through third-party ecosystem.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.