Global Automotive Blockchain Market Size, Trends and Growth Opportunity, By Application (Smart Contracts, Supply Chain, Financing, Mobility Solutions, Others), Provider (Middleware Provider, Infrastructure and Protocols Provider, Application and Solution Provider), Mobility Type (Personal Mobility, Shared Mobility, Commercial Mobility), Technology Type (Open Block Chain, Closed Block Chain, Consortium Block Chain, Hybrid Block Chain), Propulsion (ICE, Electric Vehicle), Vehicle Type (Passenger Car, Commercial Vehicle), Type (Public, Private, Hybrid), By Region and forecast till 2027.
Global Automotive Block Chain Market
Global Automotive Blockchain Market was valued at USD 0.37 billion in 2021 and is slated to reach at USD 2.84 billion by 2027 at a CAGR of 33.80 % from 2022-2027.
Blockchain is a distributed, decentralized digital ledger that can securely and openly record transactions and data. Blockchain technology can be applied to the automotive sector to track a vehicle's complete lifecycle, from manufacturing to ownership and maintenance. Increased transparency, security, and efficiency in transactions and data exchange are just a few advantages that using blockchain technology in the automobile sector can offer. Blockchain technology, for instance, enables secure and immutable records of car ownership, maintenance, and accident history, which can help lower fraud and increase safety. Also, it can help the various parties involved in the automotive industry—including producers, suppliers, dealers, and customers—transact securely and effectively.
Market Drivers
The global expansion of automobile production techniques is improving the industry prospects. Automotive blockchain is frequently used to enhance supply chain management, help original equipment manufacturers (OEMs) locate automobile parts and components regarding their most recent revisions, help detect fake goods, and guarantee high-quality goods and services to consumers. Technological developments, such as the Internet of Things (IoT) and artificial intelligence (AI) integration with linked devices to track, process, authenticate, and exchange transaction systems, are driving market expansion. Other reasons are anticipated to drive the market even further forward, including a greater focus on preventing data breaches and manipulations, an increase in the demand for speedier transactions, and significant R&D efforts.
Market Restraints
The adoption of blockchain technology in the automotive sector is still at an early stage, and regulatory bodies worldwide have struggled to keep pace with these developments. Due to its decentralized nature, blockchain technology cannot be controlled or regulated by any single entity, including governments or organizations. For example, the General Data Protection Regulation (GDPR), which was implemented across all EU member states in 2018, includes provisions protecting the "right to be forgotten" for EU residents, which raises questions about the immutability and decentralization of blockchain technology. This regulatory uncertainty is a significant obstacle to the commercial expansion of blockchain technology in the automotive sector.
Impact of COVID-19
The global automotive industry was harmed by the COVID-19 pandemic. As vehicle production and sales fell sharply, many automotive technology and service-based companies saw significant revenue declines. The market is expected to grow positively in the coming years as the situation normalizes.
Recent Developments
Tech Mahindra Ltd has agreed to launch 'Stablecoin-As-A-Service' blockchain solutions with Quantoz, a Netherlands-based Blockchain technology application incubator, in April 2021.
To find blockchain manufacturing solutions by October 2020, Microsoft and the Skoda Auto DigiLab have teamed with the innovation management company Lumos Labs. The partnership aims to use its development experience and digitization knowledge to create issue statements for the businesses to work on innovative blockchain-based solutions.
Market Segmentation
The global automotive blockchain market is divided into several segments based on various factors, including the application of the technology, the type of provider, the mobility type, the technology type, the propulsion type, the vehicle type, and the type of blockchain. The application segment is further divided into smart contracts, supply chain management, financing, mobility solutions, and others. The provider segment is categorized into middleware providers, infrastructure and protocols providers, and application and solution providers. The mobility type segment includes personal mobility, shared mobility, and commercial mobility. The technology type segment is classified as open blockchain, closed blockchain, consortium blockchain, and hybrid blockchain. The propulsion type segment includes internal combustion engine (ICE) and electric vehicles. The vehicle type segment includes passenger cars and commercial vehicles. Finally, the type segment is categorized into public, private, and hybrid blockchains.
Regional Analysis
The global automotive blockchain market is divided into five regions: Americas, Europe, Asia-Pacific, and the Middle East & Africa. North America is the leading market in terms of revenue share, with major players such as General Motors, Ford, and Tesla contributing to the region's growth. These companies were among the first to adopt emerging technologies and have a strong presence in multiple industry verticals. The Asia-Pacific region is expected to experience significant growth during the forecast period due to increased government support for the adoption of innovative technologies across various industries and rising investments from multinational corporations operating in this space.
Key Players
This report includes a list of numerous Key Players, namely BASF SE (Germany), DSM (Netherlands), Oracle (US), Huawei Technologies Co., Ltd. (China), Bitfury Group Limited. (Netherlands), Guardtime (Estonia), Blockverify (UK), BTL Group Ltd. (UK), OARO (Canada), Peer Ledger Inc. (Canada).
Market Taxonomy  
By Application
• Smart Contracts
• Supply Chain
• Financing
• Mobility Solutions
• Others
By Provider
• Middleware Provider
• Infrastructure and Protocols Provider
• Application
• Solution Provider
By Mobility Type
• Personal Mobility
• Shared Mobility
• Commercial Mobility
By Technology type
• Open Block Chain
• Closed Block Chain
• Consortium Block Chain
• Hybrid Block Chain
By Vehicle type
• Passenger Car
• Commercial Vehicle
By Type
• Public
• Private
• Hybrid
By Propulsion
• ICE
• Electric Vehicle
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
 

Global Automotive Block chain Market 
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Block chain Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Block chain Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Automotive Block chain Market Share Analysis, By Type
5.3 Global Automotive Block chain Market Size and Forecast, By Type
5.3.1Internal Fixators Devices
5.3.1 Public
5.3.2 Private
5.3.3 Hybrid
6 Global Automotive Block chain Market, By Provider
6.1 Y-o-Y Growth Comparison, By Provider
6.2 Global Automotive Block chain Market Share Analysis, By Provider
6.3 Global Automotive Block chain Market Size and Forecast, By Provider
6.3.1 Middleware Provider
6.3.2 Infrastructure and Protocols Provider
6.3.3 Application
6.3.4 Solution Provider
7 Global Automotive Block chain Market, By Mobility Type
7.1 Y-o-Y Growth Comparison, By Mobility Type
7.2 Global Automotive Block chain Market Share Analysis, By Mobility Type
7.3 Global Automotive Block chain Market Size and Forecast, By Mobility Type
7.3.1 Personal Mobility
7.3.2 Shared Mobility
7.3.3 Commercial Mobility
8 Global Automotive Block chain Market, By Technology type
8.1 Y-O-Y Growth Comparison, By Technology type
8.2 Global Automotive Block chain Market Share Analysis, By Technology type
8.3 Global Automotive Block chain Market Size and Forecast, By Technology type
8.3.1 Open Block Chain
8.3.2 Closed Block Chain
8.3.3 Consortium Block Chain
8.3.4 Hybrid Block Chain
9 Global Automotive Block chain Market, By Applications
9.1 Y-O-Y Growth Comparison, By Applications
9.2 Global Automotive Block chain Market Share Analysis, By Applications
9.3 Global Automotive Block chain Market Size and Forecast, By Applications
9.3.1 Smart Contracts
9.3.2 Supply Chain
9.3.3 Financing
9.3.4 Mobility Solutions
9.3.5 Others 
10 Global Automotive Block chain Market, By Vehicle type
10.1 Y-O-Y Growth Comparison, By Vehicle type
10.2 Global Automotive Block chain Market Share Analysis, By Vehicle type
10.3 Global Automotive Block chain Market Size and Forecast, By Vehicle type
10.3.1 Passenger Car
10.3.2 Commercial Vehicle
11 Global Automotive Block chain Market, By Propulsion
11.1 Y-O-Y Growth Comparison, By Propulsion
11.2 Global Automotive Block chain Market Share Analysis, By Propulsion
11.3 Global Automotive Block chain Market Size and Forecast, By Propulsion
11.3.1 ICE
11.3.2 Electric Vehicle
12Global Automotive Block chain Market, By Region
12.1 Global Automotive Block chain Market Share Analysis, By Region
12.2 Global Automotive Block chain Market Size and Forecast, By Region
13 North America Automotive Block chain Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 North America Automotive Block chain Market Share Analysis, By Type
13.3 North America Automotive Block chain Market Size and Forecast, By Provider
13.4 North America Automotive Block chain Market Size and Forecast, By Mobility Type
13.5 North America Automotive Block chain Market Size and Forecast, By Technology type
13.6 North America Automotive Block chain Market Size and Forecast, By Applications
13.7 North America Automotive Block chain Market Size and Forecast, By Vehicle type
13.8North America Automotive Block chain Market Size and Forecast, By Propulsion
13.9North America Automotive Block chain Market Size and Forecast, By Vehicle type
13.9 North America Automotive Block chain Market Size and Forecast, By Country
13.9.1 U.S.
13.9.2 Canada
13.9.3 Mexico
14EuropeAutomotive Block chain Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Europe Automotive Block chain Market Share Analysis, By Type
14.3 Europe Automotive Block chain Market Size and Forecast, By Provider
14.4 Europe Automotive Block chain Market Size and Forecast, By Mobility Type
14.5 Europe Automotive Block chain Market Size and Forecast, By Technology type
14.6 Europe Automotive Block chain Market Size and Forecast, By Applications
14.7 Europe Automotive Block chain Market Size and Forecast, By Vehicle type
14.8 Europe Automotive Block chain Market Size and Forecast, By Propulsion
14.9 Europe Automotive Block chain Market Size and Forecast, By Country
14.9.1 Germany
14.9.2 France
14.9.3 UK
14.9.4. Rest of Europe
15Asia Pacific Automotive Block chain Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Asia Pacific Automotive Block chain Market Share Analysis, By Type
15.3 Asia Pacific Automotive Block chain Market Size and Forecast, By Provider
15.4 Asia Pacific Automotive Block chain Market Size and Forecast, By Mobility Type
15.5 Asia Pacific Automotive Block chain Market Size and Forecast, By Technology type
15.6 Asia Pacific Automotive Block chain Market Size and Forecast, By Applications
15.7 Asia Pacific Automotive Block chain Market Size and Forecast, By Vehicle type
15.8 Asia Pacific Automotive Block chain Market Size and Forecast, By Propulsion
15.9 Asia Pacific Automotive Block chain Market Size and Forecast, By Country
15.9.1 China 
15.9.2 Japan
15.9.3 India
15.9.4. Rest of Asia Pacific
16Latin America Automotive Block chain Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Latin America Automotive Block chain Market Share Analysis, By Type
16.3 Latin America Automotive Block chain Market Size and Forecast, By Provider
16.4 Latin America Automotive Block chain Market Size and Forecast, By Mobility Type
16.5 Latin America Automotive Block chain Market Size and Forecast, By Technology type
16.6 Latin America Automotive Block chain Market Size and Forecast, By Applications
16.7 Latin America Automotive Block chain Market Size and Forecast, By Vehicle type
16.8 Latin America Automotive Block chain Market Size and Forecast, By Propulsion
16.9 Latin America Automotive Block chain Market Size and Forecast, By Country
16.9.1. Brazil
16.9.2.Rest of Latin America
17Middle East Automotive Block chain Market Analysis and Forecast (2022-2027)
17.1 Introduction
17.2 Middle East Automotive Block chain Market Share Analysis, By Type
17.3 Middle East Automotive Block chain Market Size and Forecast, By Provider
17.4 Middle East Automotive Block chain Market Size and Forecast, By Mobility Type
17.5 Middle East Automotive Block chain Market Size and Forecast, By Technology type
17.6 Middle East Automotive Block chain Market Size and Forecast, By Applications
17.7 Middle East Automotive Block chain Market Size and Forecast, By Vehicle type
17.8 Middle East Automotive Block chain Market Size and Forecast, By Propulsion
17.9 Middle East Automotive Block chain Market Size and Forecast, By Country
17.9.1. Saudi Arabia
17.9.2. UAE
17.9.3. Egypt
17.9.4. Kuwait
17.9.5. South Africa
18Competitive Analysis
18.1 Competition Dashboard
18.2 Market share Analysis of Top Vendors
18.3 Key Development Strategies
19Company Profiles
19.1 BASF SE (Germany)
19.1.1 Overview
19.1.2 Offerings
19.1.3 Key Financials
19.1.4 Business Segment & Geographic Overview
19.1.5 Key Market Developments
19.1.6 Key Strategies
19.2 DSM (Netherlands)
19.2.1 Overview
19.2.2 Offerings
19.2.3 Key Financials
19.2.4 Business Segment & Geographic Overview
19.2.5 Key Market Developments
19.2.6 Key Strategies
19.3 Oracle (US)
19.3.1 Overview
19.3.2 Offerings
19.3.3 Key Financials
19.3.4 Business Segment & Geographic Overview
19.3.5 Key Market Developments
19.3.6 Key Strategies
19.4 Huawei Technologies Co., Ltd. (China)
19.4.1 Overview
19.4.2 Offerings
19.4.3 Key Financials
19.4.4 Business Segment & Geographic Overview
19.5 Key Market Developments
19.4.6 Key Strategies
19.5 Bitfury Group Limited. (Netherlands)
19.5.1 Overview
19.5.2 Offerings
19.5.3 Key Financials
19.5.4 Business Segment & Geographic Overview
19.5.5 Key Market Developments
19.5.6 Key Strategies
19.6 Guardtime (Estonia)
19.6.1 Overview
19.6.2 Offerings
19.6.3 Key Financials
19.6.4 Business Segment & Geographic Overview
19.6.5 Key Market Developments
19.6.6 Key Strategies
19.7 Blockverify (UK)
19.7.1 Overview
19.7.2 Offerings
19.7.3 Key Financials
19.7.4 Business Segment & Geographic Overview
19.7.5 Key Market Developments
19.7.6 Key Strategies 
19.8 BTL Group Ltd. (UK)
19.8.1 Overview
19.8.2 Offerings
19.8.3 Key Financials
19.8.4 Business Segment & Geographic Overview
19.8.5 Key Market Developments
19.8.6 Key Strategies
19.9 OARO (Canada)
19.9.1 Overview
19.9.2 Offerings
19.9.3 Key Financials
19.9.4 Business Segment & Geographic Overview
19.9.5 Key Market Developments
19.9.6 Key Strategies
19.10 Peer Ledger Inc. (Canada)
19.10.1 Overview
19.10.2 Offerings
19.10.3 Key Financials
19.10.4 Business Segment & Geographic Overview
19.10.5 Key Market Developments
19.10.6 Key Strategies