Automotive Blockchain Market Report and Forecast 2025-2034

The global automotive blockchain market size reached approximately USD 852.13 Million in 2024. The market is projected to grow at a CAGR of 31.40% between 2025 and 2034, reaching a value of nearly USD 13.07 billion by 2034.

Key Trends in the Market

Automotive blockchain refers to the utilisation of blockchain technology in the automotive sector. It uses smart features such as management of records and decentralisation. Automotive blockchain also aids in the transfer of digital money with the use of fabricated smart contracts among parties.

• Automotive blockchain facilitates fraud prevention and process automation, which is expected to boost its deployment in carsharing and ridesharing services. The use of the technology can eliminate the requirement for an intermediary while enhancing the affordability of rides; such benefits positively influence the expansion of the automotive blockchain market.
• Additionally, automotive blockchain is deployed for improving supply chain management systems, processing payments, and efficiently tracking the movements of vehicle parts and raw materials.
• A more secure and efficient transfer of ownership of the vehicle can be achieved through automotive blockchain as it can create a secure digital identity for vehicles and maintain the privacy of the parties involved.

Market Segmentation

The report titled “Automotive Blockchain Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Application

• Financing
• Mobility Solutions
• Smart Contracts
• Supply Chain

Market Breakup by Provider

• Application and Solutions
• Middleware
• Infrastructure and Protocol

Market Breakup by Mobility

• Personal Mobility
• Shared Mobility
• Commercial Mobility

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Application

Supply chain accounts for a major share in the automotive blockchain market as the automotive supply chain faces various challenges, including poor traceability and tracking of parts and risk of data tampering, among others. Automotive blockchains can aid in overcoming these challenges by improving transparency and enhancing the traceability of parts and transactions.

Market Share by Region

North America is anticipated to account for a significant portion of the market share for automotive blockchain over the forecast period. This is due to the presence of key players in the region and the rising demand for decentralised financial solutions in the automotive sector.

Technological advancements and innovations, along with the integration of other technologies such as IoT in automotive blockchain, are expected to provide rapid growth opportunities to the market in the coming years.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive blockchain market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Accenture Plc

Accenture Plc is a professional services company that was founded 1989 and is headquartered in Dublin, Ireland. It provides services and solutions in consulting, strategy, operations, and digital technology.

IBM Corporation

IBM Corporation is a multinational technology corporation that was established in 1911 and is based in New York, the United States. It is known for its flagship hardware and software products such as storage systems, servers, and computers.

Microsoft Corporation

Microsoft Corporation is a multinational technology corporation that was founded in 1975 and is headquartered in Washington, the United States. Its specialities include business software, windows applications and platforms, quantum computing, and artificial intelligence, among others.

Other market players include carVertical, LLC, Helbiz (micromobility.com Inc.), Tech Mahindra Ltd, HCL Technologies Limited, Marelli Holdings Co., Ltd., NXM Labs, Inc., and BMW AG, among others.