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Automotive Blockchain Technology Market Size - By Type, By Component, By Vehicle, By Organization Size, By Application, By End Use, Growth Forecast, 2025 - 2034

Report ID: GMI14659
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Published Date: August 2025
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Report Format: PDF

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Automotive Blockchain Technology Market Size

The automotive blockchain technology market was valued at USD 300 million in 2024. The market is expected to grow from USD 380 million in 2025 to USD 3.77 billion in 2034, at a CAGR of 29%, according to latest report published by Global Market Insights Inc.

Automotive Blockchain Technology Market

  • The increased popularity of automotive blockchain technologies has also become a factor that preconditioned the possibility to create safe, transparent, and efficient vehicle ecosystems. There is the sharing and secure transmission of data and peer-to-peer validation of transactions and supply chain tracking in, vehicle finance, connected vehicles, mobility services, and supply chains. By implementing blockchain, automakers and fleet operators can enhance cybersecurity, eradicate fraud, and enhance their functional performance within competitive vehicle industry and associated legal regulations.
     
  • For instance, in February 2025, BMW partnered with VeChain, to apply the provenance of EV battery parts carried out through blockchain, which also increased the strength of trackability and reduced the risk of counterfeiting.
     
  • As connected and autonomous vehicle adoption is increasing there is a growing requirement in secure, interoperable data management solutions. Blockchain can help in securing vehicle telematics, vehicle maintenance records and vehicle ownership records that are tamper proof, increasing the levels of transparency to the automotive ecosystem and confidence. Blockchain is also aiding in the enhancement of claims processing and verification that the use of vehicles is proper among the fleet operators and insurance companies.
     
  • The COVID-19 pandemic contributed to an increased pace of digitalization of the automotive industry, which is reflected in increased use of blockchain platforms to allow virtual verification, sharing data in a secure yet remote manner, and the monitoring of supply chains. In the automaker and supplier companies alongside research and development organizations, blockchain-based solutions are proving to be more relevant to ensure their business continuity in situations where manufacturing and supply chain operations are disrupted, especially in Asia-Pacific.
     
  • The rapid proliferation of EVs, connected vehicles, and mobility-as-a-service platforms has necessitated scalable and interoperable blockchain solutions. Automakers, fleet operators and fintech providers are transitioning to distributed ledger ecosystems, to drive transaction integrity, lower costs related to reconciliation and increase end-to-end supply chain efficiency. According to the European Blockchain Observatory, blockchain lowers verifying expenses and enhances monetary operations transparency considerably.
     
  • North America, currently a leader in automotive blockchain adoption, due to developed technological foundations, the first pilot projects in the blockchain field, and governmental stimulation of the usage of secure mobility services. The high pace of blockchain-based application deployments and development of connected and autonomous vehicles can be explained by partnerships of automakers and tech start-ups with research organizations, including the MIT Mobility Lab and NIST Blockchain Program.
     
  • The Asia-Pacific region exhibits the greatest growth potential due to the fast EV adoption, smart mobility projects, and blockchain programs supported by the government in China, Japan, South Korea, and India. Regional policies like China block chain service network (BSN) and NEDO smart mobility in Japan are driving the deployment of blockchain into vehicle supply chains, connected services, and finance to address quality control and regional regulatory compliance in respective automotive markets.
     

Automotive Blockchain Technology Market Trends

  • Automakers are adopting blockchain-based smart contracts to automate such transactions as purchases, leases, and warranties. These contracts run automatically upon meeting conditions which save on paperwork and minimize human error as well as increasing the pace of the operational procedures. Smart contracts also enhance efficiency by creating transparency and thus reducing conflicts among actors in the automotive industry ecosystem by reducing the administrative overhead costs.
     
  • For example, in July 2024, the California Department of Motor Vehicles also used blockchain technology in partnership with Oxhead Alpha on the Avalanche blockchain to digitize 42 million car titles. This project will implement a way to prevent fraud and greatly simplify title transfer, with residents having access to their own digital title through a mobile app.
     
  • Blockchain is being used in combination with IoT and connected vehicle systems to provide secure, tamper evidenced data transfers. Vehicle information including position, performance, and maintenance is also captured in real-time on blockchain increasing transparency among manufacturers, service providers, and insurers. This combination will allow predictive maintenance, fleet management, and safer autonomous driving without compromising sensitive information.
     
  • Automotive companies are leaning toward private and consortium blockchains to have control of their data and collaborate with their suppliers and partners in value chains in a secure manner. With these frameworks, the participating parties can exchange important data such as vehicle history, compliance, and production data, without exchanging sensitive intellectual property.
     
  • For instance, in June 2025, Applied Intuition announced a joint venture with OpenAI to incorporate its technology into vehicle dashboards. The partnership will help improve the work of autonomous vehicles and their ability to interact, based on the most advanced technologies of AI and blockchain.

 

Automotive Blockchain Technology Market Analysis

Automotive Blockchain Technology Market, By Type, 2022 - 2034 (USD Million)

Based on type, the automotive blockchain technology market is divided into public blockchain, private blockchain, and hybrid blockchain. The public blockchain segment dominated the automotive blockchain technology market accounting for around 41% in 2024 and is expected to grow at a CAGR of over 28% through 2034.
 

  • The public blockchain has the highest market share in the automotive blockchain technology market as it is transparent, decentralized and enables trust between various stakeholders. Automakers can use a public ledger to track automobile histories, monitor supply chains, validate warranties, and support mobility-as-a-service platforms with data that is practically unverified. Such an open character promotes more trust among OEMs, suppliers, regulators, and end users, which is paramount in cross-border and multi-party transactions.
     
  • Moreover, the use of public blockchain decreases the reliance on third parties that condition the automotive ecosystem in lowering operational costs and making its data sharing more streamlined. It also facilitates automation with its compatibility with smart contracts where applicable, such as leasing of cars, insurances on vehicles, and ride hailing payments. With increasing pressure to be more transparent on sustainability, compliance and safety standards, the accessibility mapping created with public blockchain makes it the preferred use case in scaled automotive implementations.
     
  • In June 2024, Volvo Cars, in partnership with their tech partner Circulor, unveiled a unique battery passport based on public blockchain. The passport will be offered to the Volvo EX90 model and will enable owners to track the origin of raw materials (including cobalt and nickel) using a QR code or app.
     
  • The private blockchain segment is expected to grow at a CAGR of over 31% due to its increased security, regulated access, and applicability in managing sensitive automotive information, including proprietary manufacturing procedures, vehicle telematics, and customer data. Automakers, suppliers, and mobility service providers are increasingly moving towards using private blockchains to facilitate compliance with data privacy regulation, streamlining supply chain business processes, and the ability to engage in secure collaboration with trusted parties. The high-speed processing of transactions and the customization of blockchain adapted to enterprise needs is also possible in such a controlled environment.
     

 

Automotive Blockchain Technology Market Share, By Component, 2024

Based on components, the automotive blockchain technology market is segmented into solution and services. The solution segment dominates the market accounting for around 66% share in 2024, and the segment is expected to grow at a CAGR of over 28% from 2025-2034.
 

  • The solution segment dominates the automotive blockchain technology market largely since OEMs and Tier-1 players focus more on a fully incorporated, end-to-end platform rather than a stand-alone development tool or middleware. Solutions generally bundle blockchain architecture, implementation, and support in one package-simplifying internal complexity and front-end investment. This turnkey characteristic makes the deployment go faster than before, particularly when used in applications such as supply-chain traceability, vehicle data monetization, and secure OTA updates, where cost, deployment simplicity, and vendor support are major factors.
     
  • For example, in November 2024, BMW revealed the further development of its collaboration with the UK-based blockchain platform DOVU to implement a complete blockchain solution to track carbon footprints through its supply chain. BMW will measure, record, and verify emissions data on this turnkey platform in line with sustainability laws and efficiency standards of the business.
     
  • Furthermore, the range of services that are packaged with the solutions i.e. consulting, customization, compliance, and integration with existing automotive IT ecosystems only adds to their attractiveness. Customers prefer end-to-end solutions that comply with regulatory standards and are easy to scale and interoperable across the business environment including semiconductors to end users. Thus, the value of the solution segment is a complete value offering that will always result in a greater market share.
     
  • The service segment is expected to grow by CAGR of over 31% till 2034, due to the rising demand for consulting, integration and maintenance services as more OEMs and Tier-1 suppliers adopt blockchains. Blockchain services like system personalization, compliance, and technical support allow manufacturers to implement blockchain solutions effectively and with interoperability and scalability in mind and leads to high demand and long-term growth along the entire chain.
     

Based on vehicle, the market is segmented into passenger cars, commercial vehicles, and two-wheelers. Passenger cars segment is expected to dominate the market with around 47% share in 2024, due to higher production volumes, rapid adoption of connected car technologies, and growing demand for blockchain-enabled safety, security, and data management solutions.
 

  • The passenger car segment leads the automotive blockchain tech market mainly based on the high production and sales of passenger cars globally, and the development of connected and autonomous driving technologies. OEMs are becoming more focused on the implementation of the blockchain to increase the vehicle data security and achieve transparent vehicle maintenance records as well as support in-vehicle payments. This is due to the high consumer demand to have high safety, personalized services and safe digital transactions in the connected cars.
     
  • Moreover, the major testing field of blockchain-based mobility services also concerns the passenger cars facilities such as ride-sharing services, vehicle-to-everything (V2X) communication facilities, and the verification of digital car ownership. The segment is partially bolstered by comparatively solid investment flows, regulatory support of data privacy, as well as partnerships between automakers and blockchain solution providers, which makes its lead position in the market even more solid.
     
  • For example, in July 2023, Hyundai Motor Company and Kia rolled out an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) to provide transparent, safe monitoring of emissions throughout the passenger-car supply chain. The package of blockchain solutions eases environmental regulation associated with compliance by suppliers, giving examples of packaged blockchain solutions fitting automotive industry needs.
     
  • The commercial vehicle segment is expected to grow extensively as more companies are taking their blockchain to manage their fleets, have a transparent supply chain, and carry out predictive maintenance. Transportation companies and logistics operators are utilizing blockchain to facilitate real-time goods tracking, enhanced rout planning, and sharing of information about operational activities among the parties involved. The growing regulatory focus on cargo traceability, emission tracking, and driver adherence, is only increasing the push toward blockchain-integrated solutions, and commercial vehicles are to become one of the growth drivers in the market.
     

Based on organization size, the automotive blockchain technology market is divided into SMEs, and large enterprises. Large enterprises dominated the automotive blockchain technology market.
 

  • Large enterprises have the largest market share within the automotive blockchain technology market due to their substantial financial resources, advanced R&D capabilities, and established global supply chain networks. These enterprises will be able to invest in large-scale deployment of blockchain solutions, which will be integrated seamlessly in manufacturing, logistics and of course customer operations. They are able to absorb implementation charges and interface with major technology vendors, making adoption faster than those who have relatively moderate budgets.
     
  • Moreover, big businesses have high brand credibility and customer bases, which drives more rapid adoption of blockchain-based services like a safe way of data sharing, digital identification of vehicles, and open maintenance reports. Their presence world over also caters to cross border block chain using which they can have better interoperability and work within various regulatory systems, and this helps to even further consolidate their leadership in the market.
     
  •  For example, in March of 2025, Toyota sponsored an Astar Network Web3 hackathon where it asked developers to create mobility-themed decentralized applications, highlighting its strategic bet on future blockchain innovation and digital ecosystems.
     
  • The SMEs segment in the automotive blockchain technology market is expected to experience high growth due to the rising availability of cheap blockchain platforms, SaaS scalability and cloud-based deployment systems. Blockchain is also being used by SMEs in supply chain transparency, preventing fraud, and the secure exchange of information without significant upfront infrastructure investment. The increasing partnerships with technology providers and industry consortia are allowing SMEs to move even quicker towards blockchain, improving competitiveness and operational efficiency within the emerging automotive ecosystem.
     
US Automotive Blockchain Technology Market Size, 2022- 2034 (USD Million)

U.S. dominated the automotive blockchain technology market in North America with around 32% share and generated USD 79.4 million in revenue in 2024.
 

  • The North American automotive blockchain technology market is dominated by the U.S., driven by robust R&D ecosystems, advanced IT infrastructure, and widespread adoption of cloud platforms such as AWS, Microsoft Azure, Google Cloud that host blockchain networks and distributed ledger operations. Automotive OEMs, fleet operators, and supply chain stakeholders increasingly deploy blockchain solutions to improve transparency, secure vehicle data, and optimize logistics. The presence of major technology providers and innovation hubs accelerates adoption of blockchain for vehicle identity management, secure software updates, and parts traceability.
     
  • Government-backed programs and industry collaborations further enhance market growth. For example, in March 2025, the U.S. Department of Transportation launched initiatives supporting blockchain-enabled vehicle title management and secure data-sharing frameworks to enhance vehicle lifecycle transparency and reduce fraud.
     
  • Canada is also witnessing rapid growth, projected at a CAGR of over 23% through 2034, as government incentives promote sustainable mobility and smart transportation. Collaborations between universities, tech providers, and automotive firms are fostering blockchain adoption for supply chain traceability, connected vehicle networks, and cybersecurity in autonomous systems.
     
  • For instance, in March 2025, Siemens has committed USD 109 million over five years to establish a Global AI Manufacturing Technologies R&D Center in Canada. This center will focus on developing AI and blockchain technologies for battery and EV production, supporting Canada's strategy to advance its national battery and EV ecosystem.
     

The automotive blockchain technology market in Germany is expected to experience significant and promising growth from 2025-2034.
 

  • Europe accounts for around 26% of the automotive blockchain technology market in 2024 and is expected to grow at a CAGR of over 28% owing to increasing adoption of connected and autonomous vehicles, strong regulatory support for secure and transparent automotive operations, and widespread investments in blockchain-based supply chain and telematics solutions across the region.
     
  • Germany is an important market in the European automotive blockchain technology market because of its high-tech manufacturing environment, high automotive industry and good R&D facility. Its leading position in the manufacturing of electric vehicles and battery cells creates a huge demand for simulation software, helping to design the battery, manage the thermal conditions and test performance. Large research facilities and technical universities work closely with industry stakeholders, and this enhances innovation in battery modelling methods.
     
  • Moreover, Germany has a favorable environment of government promotion of digitalization and sustainable mobility, such as investments in the development of battery technologies and energy shift. Safety, environmental compliance, and data security regulations promote the implementation of sophisticated simulation systems, on-premises- and hybrid-based reporting options. The availability of major OEMs, battery manufacturers, and specific software providers consolidates the leading position of Germany in the innovation of automotive blockchain technology in Europe.
     
  • For example, BMW Group revealed an increase in the use of automotive blockchain technology with Siemens to streamline the performance of Lithium-ion cells and speed the development of EVs at its plant in Munich.
     
  •  UK is witnessing rapid growth, as the government continues to support the use of EVs in the country through investments in the battery production and manufacturing center, and the acceleration of R&D activities that would seek to explore advanced battery technologies moving forward. Moreover, partnerships between universities and business corporations fuel the innovation, and positive policies and growing numbers of people looking to find a solution to their sustainable transport needs contribute to the blistering growth on the market.
     

The automotive blockchain technology market in China is expected to experience significant and promising growth from 2025-2034.
 

  • Asia Pacific accounts for over 31% of the global automotive blockchain technology market in 2024 and is the fastest-growing region with a CAGR of around 34% owing to rapid electric vehicle adoption, expanding energy storage projects, and strong government initiatives promoting clean energy. Additionally, the presence of major battery manufacturers and increasing R&D investments in countries like China, Japan, and South Korea accelerate market growth.
     
  • China is an important market in the Asia-Pacific automotive blockchain technology sector, driven by significant investments in electric vehicles, energy storage, and clean energy initiatives. Key industrial cities such as Shenzhen, Shanghai, and Guangzhou are hubs for leading battery manufacturers and EV companies. These companies are adopting blockchain technology to enhance supply chain transparency, track battery lifecycles, and improve manufacturing efficiency. Government initiatives, such as the "Made in China 2025" program, are also promoting the use of digital and decentralized technologies in the automotive industry.
     
  • Additionally, major cloud providers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud enabling secure and efficient blockchain applications. These platforms support collaboration among manufacturers, suppliers, and research institutions by facilitating real-time data sharing, ensuring compliance, and maintaining secure records. This is helping to drive innovation and boost efficiency in China’s automotive sector.
     
  • For example, in February 2025, SAIC Motor, a state-owned automotive group, announced a strategic partnership with Huawei to co-develop next-generation smart electric vehicles. The collaboration spans manufacturing, supply chain management, and sales services signaling deeper integration of digital technologies, including blockchain-enabled supply chain transparency, across China’s automotive sector.
     
  • India is the fastest-growing economy in the region, supported by initiatives such as the National Electric Mobility Mission and increased investment in renewable energy. Collaborations between academia and industry, alongside expanding digital infrastructure and affordable cloud computing services, are accelerating the integration of blockchain solutions for supply chain management, battery lifecycle tracking, and secure connected mobility applications.
     

The automotive blockchain technology market in Brazil is expected to experience significant and promising growth from 2025-2034.
 

  • Latin America holds around 4% of the global automotive blockchain technology market and is growing steadily at a CAGR of around 30%. This growth is driven by increasing EV adoption, government incentives for clean mobility, and rising demand for supply chain transparency. Automakers and logistics firms are leveraging blockchain to improve parts traceability, combat counterfeit components, and streamline cross-border trade in the region.
     
  • The global automotive blockchain technology market is experiencing robust growth, driven by rising electric vehicle adoption, stricter environmental regulations, and the increasing need for supply chain transparency. Automakers worldwide are implementing blockchain to ensure battery lifecycle traceability, authenticate components, and streamline manufacturing processes. Major OEMs, battery manufacturers, and logistics providers are integrating blockchain platforms to enhance operational efficiency and regulatory compliance.
     
  • Additionally, advancements in cloud computing, IoT integration, and AI-powered analytics are enabling more secure and scalable blockchain applications across the automotive ecosystem. Global partnerships between technology companies, automotive manufacturers, and research institutions are fostering innovation in decentralized mobility solutions, smart contract-based transactions, and real-time data sharing. These trends are positioning blockchain as a core enabler of sustainable, connected, and transparent automotive value chains worldwide.
     
  • The automotive blockchain technology market in Mexico is the fastest growing in the region, due to its rapidly expanding automotive manufacturing base and increasing focus on electric vehicle (EV) production. Government incentives for clean energy and sustainable mobility, coupled with favorable trade agreements, are driving blockchain adoption for supply chain transparency, parts traceability, and compliance monitoring. Investments from global OEMs and Tier-1 suppliers, alongside advancements in digital infrastructure, enable secure, real-time data sharing between manufacturers, suppliers, and logistics providers. Additionally, Mexico’s growing EV export potential to North America is prompting manufacturers to leverage blockchain for quality assurance, battery lifecycle tracking, and regulatory compliance.
     

The automotive blockchain technology market in UAE is expected to experience significant and promising growth from 2025-2034.
 

  • The Middle East and Africa (MEA) combined represent about 6% share of the automotive blockchain technology market in 2024, experiencing steady growth driven by rising smart mobility initiatives, expanding EV adoption, and government-backed digital transformation programs. Increasing investments in automotive supply chain transparency and secure data platforms are accelerating blockchain integration in the region.
     
  • South Africa is emerging as a key automotive blockchain technology market in MEA, supported by its established automotive manufacturing base and growing interest in digital transformation. The government’s push for smart mobility solutions and renewable energy integration, coupled with collaborations between automakers and blockchain startups, is driving adoption. Efforts to enhance supply chain transparency, improve vehicle traceability, and optimize EV battery lifecycle management are positioning South Africa as a regional hub for blockchain-enabled automotive solutions.
     
  • The UAE is the fastest-growing market in the region, driven by large-scale investments in EV infrastructure, renewable energy, and smart mobility. Government initiatives like UAE Vision 2031 and the Dubai Blockchain Strategy, along with strong digital infrastructure, foster rapid adoption of blockchain in automotive supply chains, manufacturing, and battery lifecycle management.
     

Automotive Blockchain Technology Market Share

  • The top 7 companies in the automotive blockchain technology industry Microsoft, IBM, Accenture, Tech Mahindra, Amazon, Mobi, SAP contributed around 44% of the market in 2024.
     
  • Microsoft takes advantage of its Azure blockchain service to offer enterprise blockchain solutions to the car industry in a scalable manner. They use the approach of supply chain transparency, vehicle identity management, and safe data exchange among OEMs, suppliers, and dealerships. Microsoft further points to the integration of IoT, cloud computing and AI analytics to streamline the connected vehicle environments.
     
  • IBM uses the IBM Blockchain Platform allowing automotive companies to track components, track authenticity, and manage recalls more efficiently. They focus on enhancing visibility in the supply chain, vehicle lifecycle, and the exchange of data safely. IBM engages with OEMs and suppliers actively implement consortium blockchain networks, the use of which allows collaborators to share data without loss of confidentiality.
     
  • Accenture is performing blockchain-based automotive solutions to increase the traceability of the supply chain, smart contracts, and vehicle data monetization. One of their plans includes developing platforms in collaboration with OEMs, mobility providers, and regulators with an emphasis on sustainability, efficiency in operations, and cybersecurity. Accenture is another channel that sponsors cross-industry blockchain consortia to standardize blockchain in automotive sector across nations.
     
  • Tech Mahindra focuses on blockchain connected vehicles, integration in the IoT, and safe data transfer. Among their plans is the creation of digital ecosystems in OEMs, dealerships and mobility service providers by utilizing blockchain in ensuring the history of vehicles, anti-counterfeiting effects and regulation in their operations. Their other areas of interest are in R&D partnerships and pilot projects with auto clients to show blockchain.
     
  • SAP leverages blockchain for automotive by creating high-throughput applications that enable decentralized, immutable storage of vehicle records and supply chain data. Their strategy ensures real-time data verification, fraud prevention, enhanced interoperability among stakeholders, and scalable, low-latency connected vehicle operations.
     
  • MOBI deals with blockchain-based vehicle history reporting and protection against fraud. They have a system which involves monitoring the accidents, mileage and ownership of cars using this as a way of recording in case of any used cars, which will be verified and cannot be stolen information. They collaborate with OEMs, insurers and dealerships to maximize trust and transparency in the automotive markets.
     
  • Amazon uses blockchain in automotive to enhance vehicle lifecycle management, digital title transfers, and fleet operations. Their approach focuses on improving data security, increasing transparency, reducing administrative tasks, and enabling seamless, secure shared mobility services for consumers and fleet operators.
     

Automotive Blockchain Technology Market Companies

Major players operating in the automotive blockchain technology industry are:

  • Accenture plc
  • BigchainDB GmbH
  • Amazon
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • R3
  • SAP SE
  • MOBI
  • Tech Mahindra Limited
     
  • Companies in the automotive blockchain sector are increasingly combining blockchain with IoT, AI, and cloud computing to enhance vehicle data security, supply chain transparency, and real-time transaction validation. There is a strong focus on developing interoperable blockchain platforms that can handle vehicle identity, mileage tracking, and smart contract execution across diverse automotive applications.
     
  • Market players prioritize cloud-based blockchain solutions and consortium networks to enable seamless collaboration between OEMs, suppliers, dealerships, and mobility service providers. These strategies reduce operational bottlenecks, enhance trust among participants, and accelerate adoption of blockchain-based processes across the automotive value chain. Partnerships with universities and automotive research centers further support innovation and validation of new blockchain use cases.
     
  • Companies actively expand into high-growth regions like North America, Europe, and Asia-Pacific, customizing blockchain solutions to meet local regulatory requirements, data privacy laws, and industry standards. Offering customer-focused services such as integration support, training, and platform customization strengthens client engagement and fosters long-term adoption, while positioning providers as leaders in the global automotive blockchain ecosystem.
     

Automotive Blockchain Technology Industry News

  • In June 2025, Accenture partnered with Continental to launch a blockchain-based supply chain traceability solution for the automotive sector. The platform enhances transparency across tiered suppliers, ensuring secure data exchange on material sourcing, logistics, and compliance with ESG regulations.
     
  • In March 2025, Ford Motor Company expanded its blockchain initiatives by piloting a smart contract system for electric vehicle (EV) charging payments. The solution automates transactions between EV owners, charging stations, and utilities, reducing billing complexity and improving user convenience.
     
  • In November 2024, IBM collaborated with Bosch to introduce a blockchain-enabled warranty management system. The solution streamlines claim validation, prevents fraud, and enhances customer trust by providing immutable service records accessible across OEMs and service providers.
     
  • In April 2024, VeChain partnered with BMW to implement blockchain technology for tracking carbon emissions throughout its supply chain. The initiative focuses on enhancing transparency and sustainability by providing immutable records of carbon footprint data across BMW’s manufacturing operations and supplier network. VeChain’s blockchain solutions enable BMW to strengthen environmental accountability, ensure compliance with regulatory standards, and reinforce its commitment to reducing carbon emissions and promoting sustainable practices within the automotive sector.
     
  • In March 2024, Ford Motor Company announced a collaboration with Microsoft to integrate blockchain technology into its vehicle telematics systems. The partnership aims to enhance data security, enable secure Vehicle-to-Everything (V2X) communications, and facilitate seamless updates to vehicle software. Leveraging Microsoft’s Azure Blockchain platform, Ford seeks to improve vehicle connectivity, operational efficiency, and deliver advanced safety features and personalized driving experiences through blockchain-enabled technologies.
     

The automotive blockchain technology market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn) from 2021 to 2034, for the following segments:

Market, By Type

  • Public blockchain
  • Private blockchain
  • Hybrid blockchain

Market, By Component

  • Solution
  • Services

Market, By Vehicle

  • Passenger Cars
    • Hatchbacks
    • Sedans
    • SUV
    • MPVs
  • Commercial Vehicles
    • Light commercial vehicles (LCV)
    • Medium commercial vehicles (MCV)
    • Heavy commercial vehicles (HCV)
  • Two-Wheelers

Market, By Application

  • Supply chain management
  • Vehicle identity and lifecycle management
  • Autonomous vehicle data management
  • Mobility services and payments
  • Others

Market, By Organization Size

  • SME
  • Large enterprises

Market, By End Use

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

The above information is provided for the following regions and countries:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Philippines
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
Authors: Preeti Wadhwani, Aishwarya Ambekar
Frequently Asked Question(FAQ) :
Who are the key players in the automotive blockchain technology industry?
Key players include Accenture plc, BigchainDB GmbH, Amazon, IBM Corporation, Microsoft Corporation, Oracle Corporation, R3, SAP SE, MOBI, and Tech Mahindra Limited.
What are the upcoming trends in the automotive blockchain technology market?
Trends include blockchain smart contracts, IoT-based real-time tracking, private and consortium blockchains, and blockchain-driven predictive maintenance and autonomous driving.
Which region dominated the automotive blockchain technology sector?
The U.S. dominated the market with a 32% share, generating USD 79.4 million in revenue in 2024. This growth is attributed to advanced IT infrastructure, robust R&D ecosystems.
What is the growth outlook for the passenger cars segment in 2024?
The passenger cars segment led the market with a 47% share in 2024, led by higher production volumes, rapid adoption of connected car technologies.
How much revenue did the public blockchain segment generate in 2024?
The public blockchain segment accounted for approximately 41% of the market share in 2024 and is expected to witness over 28% CAGR through 2034.
What was the market share of the solution segment in 2024?
The solution segment dominated the market with a 66% share in 2024 and is projected to expand at a CAGR of over 28% from 2025 to 2034.
What is the expected size of the automotive blockchain technology industry in 2025?
The market size is projected to reach USD 380 million in 2025.
What was the market size of the automotive blockchain technology in 2024?
The market size was USD 300 million in 2024, with a CAGR of 29% expected through 2034. The rising adoption of blockchain for secure data sharing, fraud prevention, and operational efficiency is driving market growth.
What is the projected value of the automotive blockchain technology market by 2034?
The market is poised to reach USD 3.77 billion by 2034, driven by advancements in connected vehicles, IoT integration, and blockchain-enabled mobility services.
Automotive Blockchain Technology Market Scope
  • Automotive Blockchain Technology Market Size
  • Automotive Blockchain Technology Market Trends
  • Automotive Blockchain Technology Market Analysis
  • Automotive Blockchain Technology Market Share
Authors: Preeti Wadhwani, Aishwarya Ambekar
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Premium Report Details

Base Year: 2024

Companies covered: 25

Tables & Figures: 170

Countries covered: 23

Pages: 230

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