SAN FRANCISCO , June 27, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Automotive Blockchain – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 4; Released: January 2022
Executive Pool: 667
Companies: 42 – Players covered include Accenture; Bigchaindb; Carblock; Carvertical; Consensys; Context Labs; Cube; Dashride; Foam; GEM and Others.
Coverage: All major geographies and key segments
Segments: Type (Application & Solution Providers, Middleware Providers, Infrastructure & Protocol Providers); Mobility Type (Personal, Shared, Commercial); Application (Supply Chain, Mobility Solutions, Financing, Smart Contracts, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Automotive Blockchain Market to Reach $1.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Blockchain estimated at US$339.7 Million, is projected to reach a revised size of US$1.6 Billion by 2026, growing at a CAGR of 28.5% over the analysis period. Application & Solution Providers, one of the segments analyzed in the report, is projected to record a 30.8% CAGR and reach US$1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Middleware Providers segment is readjusted to a revised 27.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $136.8 Million in 2021, While China is Forecast to Reach $266.7 Million by 2026
The Automotive Blockchain market in the U.S. is estimated at US$136.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$266.7 Million by the year 2026 trailing a CAGR of 27.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.9% and 24.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 19.7% CAGR.
Infrastructure & Protocol Providers Segment to Reach US$307 Million by the year 2026
In the global Infrastructure & Protocol Providers segment, USA, Canada, Japan, China and Europe will drive the 25% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$63.3 Million will reach a projected size of US$301.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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