According to the current analysis of Reports and Data, the global Automotive Blockchain market was valued at USD 92.94 Million in 2018 and is projected to grow at a CAGR of 34.95% from 2019 to USD 1.79 Billion in 2026. Factors affecting the growth of the Automotive Blockchain market are the rising focus related to the reduction of the data manipulation as well as leaks, and the efficiency Automotive Blockchain provides with its low operational cost. These factors will propel the growth of the market over the forecasted period. However, the uncertainty of the regulation that are associated with the Blockchain can affect the market growth through 2026.
Blockchain is a decentralized, distributed ledger that can record the provenance of a digital asset. The implementation of this technology in the automotive industry is called as Automotive Blockchain. The blockchain technology has made a huge impact in the automotive industry due to the features like prompt transactions, and low data leaks amongst others.
The implementation of 5G network infrastructure will boost the further growth of the Automotive Blockchain market. As high tech features for in-vehicles are increasingly becoming available, connected through networks, blockchain in automotive industry is gaining more traction. Combining blockchain and 5G technology to automated vehicles can provide number of possibilities for tracking, monitoring, protection against cyber-security threats as well as the ability to share the information of the vehicle amongst others.
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For automotive OEMs, secure blockchain offers a vital platform for mobility scores that can determine the OEMs relative value as well as the reliability. Blockchain can be used to collect key driving habits to reward the users and lower down potential damage.
The introduction of the blockchain in the automotive industry is witnessing innovations from leading players which is expected to supplement the growth of the market.
Further key findings from the report suggest
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Introduction
2.2. Summary Snapshot, 2016 – 2026
2.3. Assumptions
2.4. Limitations
Chapter 3. Indicative Metrics
Chapter 4. Global Automotive Blockchain Market Segmentation & Impact Analysis
4.1. Global Automotive Blockchain Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. Market Drivers Analysis…
For the purpose of this study, Reports and Data have segmented the Automotive Blockchain Market on the basis of Application, By Provider, By Mobility type, and Region:
Application (Revenue, USD Million; 2016–2026)
Provider (Revenue, USD Million; 2016–2026)
Mobility type (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
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