Global Automotive Blockchain Market to Reach USD 0.79 Billion by 2032

February 2025 | 285 pages | ID: GA23CFB455AEEN
Bizwit Research & Consulting LLP

Abstracts

The Global Automotive Blockchain Market was valued at approximately USD 0.35 billion in 2023 and is expected to witness an impressive CAGR of 31.19% over the forecast period from 2024 to 2032. The industry is undergoing a transformative shift as blockchain technology redefines data security, transparency, and automation in the automotive sector. With decentralized ledgers facilitating tamper-proof transactions, secure vehicle tracking, smart contracts, and seamless mobility solutions, blockchain is poised to disrupt conventional automotive business models. This innovation is particularly relevant as connected and autonomous vehicles demand enhanced security, efficient supply chain management, and optimized financial transactions.

As the automotive sector leans toward decentralization and data transparency, blockchain applications in mobility services, financing, leasing, insurance, and vehicle authentication are gaining substantial traction. Smart contracts are revolutionizing how transactions occur, reducing reliance on intermediaries while ensuring fraud prevention and efficiency in operations. Additionally, automotive manufacturers and logistics providers are leveraging blockchain-powered supply chain solutions to mitigate counterfeit parts and optimize traceability. The proliferation of electric vehicles (EVs) and shared mobility models has further intensified the demand for secure, real-time, and automated transactions, paving the way for blockchain to become a foundational technology in the industry.

However, despite its vast potential, the high cost of blockchain implementation, lack of industry-wide standardization, and regulatory uncertainty pose challenges to widespread adoption. Many automotive firms are still in the early stages of blockchain deployment, facing obstacles such as interoperability issues, scalability constraints, and resistance to digital transformation. Nevertheless, market players are actively investing in research and development (R&D) and strategic partnerships, ensuring that blockchain technology is refined for seamless integration into existing automotive ecosystems.

Geographically, North America dominates the automotive blockchain market, propelled by the strong presence of technology pioneers, automotive OEMs, and blockchain startups working collaboratively to enhance vehicle connectivity and supply chain efficiency. The Asia Pacific region is anticipated to register the fastest growth, with key economies such as China, India, and Japan rapidly adopting blockchain-enabled mobility solutions and smart contracts. Meanwhile, Europe, home to renowned automakers and fintech innovators, is accelerating blockchain implementation in automotive finance, insurance, and fleet management to enhance operational transparency and customer trust.

Major Market Players Included in This Report:

• IBM Corporation
• Microsoft Corporation
• Accenture PLC
• Amazon Web Services, Inc.
• Oracle Corporation
• SAP SE
• VeChain Foundation
• Tech Mahindra Ltd.
• CarBlock
• BigchainDB GmbH
• Xain AG
• ConsenSys
• HCL Technologies Limited
• R3 LLC
• Helbiz Inc.

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Application:

• Financing
• Mobility Solutions
• Smart Contract
• Supply Chain

By Provider:

• Application & Solution
• Middleware
• Infrastructure & Protocol

By Mobility:

• Personal
• Shared
• Commercial

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years Considered for the Study Are As Follows:

• Historical Data: 2022, 2023
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level insights.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations for future market approaches.
• Examination of the competitive structure of the market.
• Demand-side and supply-side analysis of the market

Contents

CHAPTER 1.GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET EXECUTIVE SUMMARY

1.1.Global Automotive Blockchain Market Size & Forecast (2022-2032)
1.2.Regional Summary
1.3.Segmental Summary
  1.3.1.{By Application & Provider}
  1.3.2.{By Mobility}
1.4.Key Trends
1.5.Recession Impact
1.6.Analyst Recommendation & Conclusion

CHAPTER 2.GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1.Research Objective
2.2.Market Definition
2.3.Research Assumptions
  2.3.1.Inclusion & Exclusion
  2.3.2.Limitations
  2.3.3.Supply Side Analysis
    2.3.3.1.Availability
    2.3.3.2.Infrastructure
    2.3.3.3.Regulatory Environment
    2.3.3.4.Market Competition
    2.3.3.5.Economic Viability (Consumer’s Perspective)
  2.3.4.Demand Side Analysis
    2.3.4.1.Regulatory Frameworks
    2.3.4.2.Technological Advancements
    2.3.4.3.Environmental Considerations
    2.3.4.4.Consumer Awareness & Acceptance
2.4.Estimation Methodology
2.5.Years Considered for the Study
2.6.Currency Conversion Rates

CHAPTER 3.GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET DYNAMICS

3.1.Market Drivers
  3.1.1.Rising Demand for Secure and Transparent Automotive Transactions
  3.1.2.Innovative Adoption of Blockchain for Data Security and Efficiency
  3.1.3.Expansion of Connected and Autonomous Vehicle Technologies
3.2.Market Challenges
  3.2.1.High Implementation Costs and Scalability Issues
  3.2.2.Lack of Industry-Wide Standardization and Interoperability
3.3.Market Opportunities
  3.3.1.Emergence of Smart Contract Applications in Automotive Finance
  3.3.2.Growth in Blockchain-Enabled Supply Chain Management
  3.3.3.Adoption of Decentralized Mobility Solutions

CHAPTER 4.GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET INDUSTRY ANALYSIS

4.1.Porter’s 5 Force Model
  4.1.1.Bargaining Power of Suppliers
  4.1.2.Bargaining Power of Buyers
  4.1.3.Threat of New Entrants
  4.1.4.Threat of Substitutes
  4.1.5.Competitive Rivalry
  4.1.6.Futuristic Approach to Porter’s 5 Force Model
  4.1.7.Porter’s 5 Force Impact Analysis
4.2.PESTEL Analysis
  4.2.1.Political
  4.2.2.Economical
  4.2.3.Social
  4.2.4.Technological
  4.2.5.Environmental
  4.2.6.Legal
4.3.Top Investment Opportunity
4.4.Top Winning Strategies
4.5.Disruptive Trends
4.6.Industry Expert Perspective
4.7.Analyst Recommendation & Conclusion

CHAPTER 5.GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET SIZE & FORECASTS BY APPLICATION & PROVIDER 2022-2032

5.1.Segment Dashboard
5.2.Global Automotive Blockchain Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1.Financing
  5.2.2.Mobility Solutions
  5.2.3.Smart Contract
  5.2.4.Supply Chain
5.3.Global Automotive Blockchain Market: Provider Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.3.1.Application & Solution
  5.3.2.Middleware
  5.3.3.Infrastructure & Protocol

CHAPTER 6.GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET SIZE & FORECASTS BY MOBILITY 2022-2032

6.1.Segment Dashboard
6.2.Global Automotive Blockchain Market: Mobility Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1.Personal
  6.2.2.Shared
  6.2.3.Commercial

CHAPTER 7.GLOBAL AUTOMOTIVE BLOCKCHAIN MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1.North America Automotive Blockchain Market
  7.1.1.U.S. Automotive Blockchain Market
    7.1.1.1.Application & Provider Breakdown, 2022-2032
    7.1.1.2.Mobility Breakdown, 2022-2032
  7.1.2.Canada Automotive Blockchain Market
7.2.Europe Automotive Blockchain Market
  7.2.1.U.K. Automotive Blockchain Market
  7.2.2.Germany Automotive Blockchain Market
  7.2.3.France Automotive Blockchain Market
  7.2.4.Spain Automotive Blockchain Market
  7.2.5.Italy Automotive Blockchain Market
  7.2.6.Rest of Europe Automotive Blockchain Market
7.3.Asia-Pacific Automotive Blockchain Market
  7.3.1.China Automotive Blockchain Market
  7.3.2.India Automotive Blockchain Market
  7.3.3.Japan Automotive Blockchain Market
  7.3.4.Australia Automotive Blockchain Market
  7.3.5.South Korea Automotive Blockchain Market
  7.3.6.Rest of Asia Pacific Automotive Blockchain Market
7.4.Latin America Automotive Blockchain Market
  7.4.1.Brazil Automotive Blockchain Market
  7.4.2.Mexico Automotive Blockchain Market
  7.4.3.Rest of Latin America Automotive Blockchain Market
7.5.Middle East & Africa Automotive Blockchain Market
  7.5.1.Saudi Arabia Automotive Blockchain Market
  7.5.2.South Africa Automotive Blockchain Market
  7.5.3.Rest of Middle East & Africa Automotive Blockchain Market

CHAPTER 8.COMPETITIVE INTELLIGENCE

8.1.Key Company SWOT Analysis
  8.1.1.IBM Corporation
  8.1.2.Microsoft Corporation
  8.1.3.Accenture PLC
8.2.Top Market Strategies
8.3.Company Profiles
  8.3.1.IBM Corporation
    8.3.1.1.Key Information
    8.3.1.2.Overview
    8.3.1.3.Financial (Subject to Data Availability)
    8.3.1.4.Product Summary
    8.3.1.5.Market Strategies
  8.3.2.Amazon Web Services, Inc.
  8.3.3.Oracle Corporation
  8.3.4.SAP SE
  8.3.5.VeChain Foundation
  8.3.6.Tech Mahindra Ltd.
  8.3.7.CarBlock
  8.3.8.BigchainDB GmbH
  8.3.9.Xain AG
  8.3.10.ConsenSys
  8.3.11.HCL Technologies Limited
  8.3.12.R3 LLC
  8.3.13.Helbiz Inc.

CHAPTER 9.RESEARCH PROCESS

9.1.Research Process
  9.1.1.Data Mining
  9.1.2.Analysis
  9.1.3.Market Estimation
  9.1.4.Validation
  9.1.5.Publishing
9.2.Research Attributes