Automotive blockchain refers to a decentralized digital ledger technology utilized in the automotive industry to securely and transparently record vehicle-related transactions and data across a network. It ensures the integrity and immutability of information by tracking vehicle history, maintenance records, and managing supply chains.
The primary providers of automotive blockchain solutions include applications and solutions, middleware, and infrastructure and protocol. Applications and solutions in automotive blockchain involve leveraging blockchain technology to enhance efficiency, transparency, and security in various automotive sectors such as supply chain management, vehicle financing, and customer loyalty programs. Mobility applications encompass personal, shared, and commercial mobility, facilitating functionalities such as supply chains, smart contracts, mobility solutions, and financing. These solutions cater to a range of end users including original equipment manufacturers (OEMs), vehicle owners, mobility service providers, and others.
The automotive blockchain research report is one of a series of new reports from The Business Research Company that provides automotive blockchain market statistics, including the automotive blockchain industry's global market size, regional shares, competitors with an automotive blockchain market share, detailed automotive blockchain market segments, market trends and opportunities, and any further data you may need to thrive in the automotive blockchain industry. This automotive blockchain market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive blockchain market size has grown exponentially in recent years. It will grow from $0.57 billion in 2024 to $0.7 billion in 2025 at a compound annual growth rate (CAGR) of 22.8%. The growth in the historic period can be attributed to increasing mobility services, increasing use of ride-sharing and car-sharing services, increasing focus on reducing data leaks and manipulations, the need for standardized and safe transactions, and reduced total cost of ownership.
The automotive blockchain market size is expected to see exponential growth in the next few years. It will grow to $1.57 billion in 2029 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to increasing vehicle production processes, supply chain problems to increase efficiency, helping to cut costs and improve transparency level, the extensive use of blockchain technology, transparent and tamper-proof record. Major trends in the forecast period include integration with existing systems, higher adoption of automotive blockchain for payments, integration and adoption of blockchain solutions, and increasing cryptocurrency market capital.
The automotive blockchain market is expected to grow as vehicle production processes increase. The demand for automotive blockchain solutions arises from the need to enhance supply chain transparency, ensure quality, prevent fraud, and secure data in vehicle production. Blockchain technology improves supply chain transparency, quality control, and fraud prevention, while enabling automated processes and secure data sharing among stakeholders, thus boosting efficiency and trust in vehicle production. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, in 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021. Therefore, the rise in vehicle production processes is driving the growth of the automotive blockchain market.
Companies in the automotive blockchain market are focusing on developing advanced solutions, such as integrating artificial intelligence (AI) with high-performance blockchain technology, to gain a competitive advantage. This combination allows the system to not only compute and track carbon emissions at every stage of the supply chain but also to ensure data transparency and integrity. For example, in July 2023, Hyundai Motor Company, a South Korea-based automotive manufacturer, and Kia Corporation, also based in South Korea, launched an innovative Supplier CO2 Emission Monitoring System (SCEMS). This system integrates AI and blockchain technology to effectively monitor and manage carbon emissions across their supply chains. It aims to improve transparency and data integrity while simplifying the process for suppliers to collect and manage emissions data.
In January 2023, Bayerische Motoren Werke AG (BMW), a Germany-based automobile company, partnered with Coinweb Limited to integrate blockchain technology into BMW's workflow and customer interactions in Thailand. This partnership aims to automate manual processes and streamline vehicle finance operations offered by BMW, as well as develop a blockchain-based customer loyalty program. Coinweb Limited is a UK-based blockchain technology company specializing in cross-chain computation platforms.
Major companies operating in the automotive blockchain market are Amazon.com Inc., Microsoft Corporation, Dell Inc., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise Development LP, Salesforce Inc., NEC Corporation, VMware Inc., Red Hat Inc., OpenText Corporation, Rackspace Technology Inc., Lumen Technologies Inc., Zoho Corporation, Epicor Software Corporation, carVertical, BigchainDB GmbH, NXM Labs Inc., ShiftMobility Inc.
North America was the largest region in the automotive blockchain market in 2024. The regions covered in the automotive blockchain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive blockchain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive blockchain market includes revenues earned by entities by providing services such as blockchain-as-a-service (BaaS), license plans, consulting, and implementation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Blockchain Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive blockchain market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for automotive blockchain ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive blockchain market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Provider: Application And Solution; Middleware; Infrastructure And Protocol
2) By Mobility: Personal Mobility; Shared Mobility; Commercial Mobility
3) By Application: Supply Chain; Smart Contracts; Mobility Solutions; Financing
4) By End User: Original Equipment Manufacturer (OEMs); Vehicle Owners; Mobility As A Service Provider; Other End Users
Subsegments:
1) By Application And Solution: Supply Chain And Logistics Solutions; Vehicle Identity And Ownership Tracking; In-Vehicle Payments And Microtransactions; Autonomous Vehicle Data Sharing And Management; Warranty And Insurance Management Solutions; Blockchain-Based Mobility As A Service Platforms
2) By Middleware: Blockchain Apis For Automotive Applications; Smart Contract Development And Management; Blockchain Integration Tools For Vehicle Ecosystems; Data Privacy And Security Middleware Solutions; Blockchain Oracles For External Data Integration
3) By Infrastructure And Protocol: Distributed Ledger Technology Platforms; Peer-To-Peer Network Protocols For Automotive Data; Blockchain Infrastructure For Autonomous Vehicle Communication; Consensus Mechanisms For Automotive Blockchain; Blockchain-As-A-Service For Automotive Industry
Companies Mentioned: Amazon.com Inc.; Microsoft Corporation; Dell Inc.; Accenture plc; International Business Machines Corporation
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Automotive Blockchain Market Characteristics
3. Automotive Blockchain Market Trends And Strategies
4. Automotive Blockchain Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Automotive Blockchain Growth Analysis And Strategic Analysis Framework
5.1. Global Automotive Blockchain PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Automotive Blockchain Market Growth Rate Analysis
5.4. Global Automotive Blockchain Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Automotive Blockchain Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Automotive Blockchain Total Addressable Market (TAM)
6. Automotive Blockchain Market Segmentation
6.1. Global Automotive Blockchain Market, Segmentation By Provider, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Application And Solution
Middleware
Infrastructure And Protocol
6.2. Global Automotive Blockchain Market, Segmentation By Mobility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Personal Mobility
Shared Mobility
Commercial Mobility
6.3. Global Automotive Blockchain Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Supply Chain
Smart Contracts
Mobility Solutions
Financing
6.4. Global Automotive Blockchain Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Original Equipment Manufacturer (OEMs)
Vehicle Owners
Mobility As A Service Provider
Other End Users
6.5. Global Automotive Blockchain Market, Sub-Segmentation Of Application And Solution, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Supply Chain And Logistics Solutions
Vehicle Identity And Ownership Tracking
In-Vehicle Payments And Microtransactions
Autonomous Vehicle Data Sharing And Management
Warranty And Insurance Management Solutions
Blockchain-Based Mobility As A Service Platforms
6.6. Global Automotive Blockchain Market, Sub-Segmentation Of Middleware, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Blockchain Apis For Automotive Applications
Smart Contract Development And Management
Blockchain Integration Tools For Vehicle Ecosystems
Data Privacy And Security Middleware Solutions
Blockchain Oracles For External Data Integration
6.7. Global Automotive Blockchain Market, Sub-Segmentation Of Infrastructure And Protocol, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Distributed Ledger Technology Platforms
Peer-To-Peer Network Protocols For Automotive Data
Blockchain Infrastructure For Autonomous Vehicle Communication
Consensus Mechanisms For Automotive Blockchain
Blockchain-As-A-Service For Automotive Industry
7. Automotive Blockchain Market Regional And Country Analysis
7.1. Global Automotive Blockchain Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Automotive Blockchain Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion