A blockchain based solution securely stores, updates, traces and shares vehicle data (including telematics) across OEMs and with external parties in real time. Using smart contracts and IOT, dealerships can automate several processes involved in car sales, service, warranty claim processing and much more. The blockchain has greater oversight and accountability in automotive supply chains, and also serve as a means by which drivers can view and understand how and their vehicle's data is being shared and utilized.
The "Global Automotive blockchain Market Analysis to 2028" is a specialized and in-depth study of the automation and transportation industry with a special focus on the global automotive blockchain market trend analysis. The report aims to provide an overview of the automotive blockchain market with detailed market segmentation by mobility type, provider and by application. The report provides key statistics on the market status of the leading automotive blockchain market players and offers key trends and opportunities in the automotive blockchain market.
- The global automotive blockchain market is segmented on the basis of mobility type, provider and by application.
- Based on mobility type the market is segmented as personal mobility, shared mobility and commercial mobility.
- On the basis of provider the market is segmented as middleware provider, infrastructure and protocols provider and infrastructure and protocols provider.
- On the basis of application the market is segmented as smart contracts, supply chain, financing and mobility solutions.
- Increasing focus on reducing data leaks and manipulations,
- Faster transactions and reduced operational costs.
- The uncertainty over regulations is impacting negatively on the growth of this market in the current market scenario.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive blockchain market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive blockchain market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE BLOCKCHAIN MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the automotive blockchain market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive blockchain market market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive blockchain market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive blockchain market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CONSENSUS SYSTEMS
- HCL Technologies Limited
- NXM Labs Inc.
- RSK Labs
- Tech Mahindra Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.