How Big is the Automotive Blockchain Market ? : 

IMARC Group’s latest report, titled “Automotive Blockchain Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the automotive blockchain market share . The report also includes competitor and regional analysis, and contemporary advancements in the market. the global automotive blockchain market size reached US$ 588.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,904.3 Million by 2028, exhibiting a growth rate (CAGR) of 28.98% during 2023-2028.

What is Automotive Blockchain and Uses:

Automotive blockchain executes monetary transactions, keeps track of data, and stores it for the processes related to an automobile. It includes various processes such as smart contracts, the Internet of Things, and other processes involved in car sales, service, warranty claim processing, and other related processes. It includes applications and solutions that are helpful for the better functioning of the system. The data stored in a blockchain is authentic and cannot be hampered by the system’s users, thus, providing safer and more securer data to its customers.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

  • Accenture plc
  • BigchainDB GmbH
  • carVertical
  • ConsenSys
  • GemOS
  • HCL Technologies Limited (HCL Enterprise)
  • International Business Machines Corporation
  • Microsoft Corporation
  • NXM Labs Inc
  • ShiftMobility Inc
  • Tech Mahindra Limited

Automotive Blockchain Market Growth and New Technology and Development:

The global market is majorly driven by increasing demand for better payments, logistics and transportation, and usage-based insurance. In line with this, multiple players have made innovations and developments in the automotive blockchain field, offering various services to vehicle users. Furthermore, the rising focus on reducing data manipulation, better quality control, and the need for faster business transactions are positively influencing market growth.

Apart from this, leading companies’ ongoing new product development and partnership are creating a positive outlook for the market. Moreover, the emergence of a new breed of programmable blockchain technology platforms is catalyzing market growth. Besides, growing e-mobility and on-demand services and escalating sales of automobiles globally are propelling the market. Additionally, the widespread application of blockchain in various automotive functional areas is on the rise as automotive original equipment manufacturers (OEMs) continue to invest in the technology to offer numerous opportunities for market expansion.

Key Market Segmentation:


  • Public Blockchain
  • Private Blockchain
  • Hybrid Blockchain


  • Application and Solution
  • Middleware
  • Infrastructure and Protocol

Mobility Type:

  • Personal Mobility
  • Shared Mobility
  • Commercial Mobility


  • Financing
  • Mobility Solutions
  • Smart Contract
  • Supply Chain

End User:

  • OEMs
  • Vehicle Owners
  • Mobility as a Service Provider
  • Others


  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other) 

Key Highlights of the Report: 

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape 

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. 

Report Coverage:

Report FeaturesDetails
Base Year of the Analysis2022
Historical Period2017-2022
Forecast Period2023-2028
UnitsUS$ Million
Segment CoverageType, Provider, Mobility Type, Application, End User, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries CoveredUnited States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies CoveredAccenture plc, BigchainDB GmbH, carVertical, ConsenSys, GemOS, HCL Technologies Limited (HCL Enterprise), International Business Machines Corporation, Microsoft Corporation, NXM Labs Inc., ShiftMobility Inc. and Tech Mahindra Limited
Customization Scope10% Free Customization
Report Price and Purchase OptionSingle User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support10-12 Weeks
Delivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800 

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