Blockchain in Automotive and Aerospace & Aviation Market Share 2029

Market Research Report

A quick peek into the report

1.1    Blockchain Technology Overview
                   1.1.1    Proof-of-Work (PoW)
                   1.1.2    Proof-of-Stake (PoS)
          1.2    Blockchain Structure
          1.3    Key Components of Blockchain
                   1.3.1    Decentralization
                   1.3.2    Data Integrity
                   1.3.3    Digital Signature
                   1.3.4    Data Mining

2.1    Market Drivers
                   2.1.1    Transparency and Removal of Risk of Fraud
                   2.1.2    Reduce Transaction Cost and Faster Transaction Settlements
                   2.1.3    Establishment of Consortiums and Association
                   2.1.4    Impact of Market Drivers
          2.2    Market Restraint
                   2.2.1    Lack of Regulatory Framework, Infrastructure, and Standardization
                   2.2.2    Lack of Technical Expertise and Awareness Among the Players Operating in the Automotive and Aerospace & Aviation Market
                   2.2.3    Impact of Market Restraint
          2.3    Market Opportunities
                   2.3.1    Transition from Car Ownership to Mobility-as-a-Service (MaaS)
                   2.3.2    Increasing Application of Blockchain in Aviation Industry

3.1    Overview
          3.2    Automotive Blockchain Consortiums and Associations
                   3.2.1    Mobility Open Blockchain Initiative (MOBI)
                   3.2.2    Enterprise Ethereum Alliance (EEA)
                   3.2.3    Hyperledger Project
                   3.2.4    Trusted IoT Alliance
                   3.2.5    IOTA Foundation
                   3.2.6    R3 Consortium
                               3.2.6.1    Others Consortium and Association
          3.3    Key Product Launches, Collaborations, Mergers, Acquisitions, Partnerships by Automotive OEMs, Automotive Component Providers, and Players Operating in Aerospace & Aviation Industry
                   3.3.1    Automotive OEMs
                   3.3.2    Aerospace & Aviation
          3.4    Regulatory Landscape in the Blockchain Ecosystem
                   3.4.1    U.S.
                   3.4.2    European Union (EU)
                   3.4.3    China
                   3.4.4    Middle East and North Africa

4.1    Key Development and Strategies
                   4.1.1    Partnerships/Collaborations/Joint Ventures/Acquisition
                   4.1.2    Product Launches and Developments
                   4.1.3    Business Expansions
          4.2    Leading Player Analysis

5.1    Assumption and limitation for Market Size Calculation
                   5.1.1    Assumptions and Limitations for Pessimistic Scenario
                   5.1.2    Assumptions and Limitations for Realistic Scenario
                   5.1.3    Assumptions Limitations for Optimistic Scenario

6.1    Introduction
          6.2    Automotive
                   6.2.1    Manufacturing and Supply Chain
                               6.2.1.1    Blockchain in Automotive Manufacturing and Supply Chain Market (by Region)
                   6.2.2    Finance, Payments, and Insurance Services
                               6.2.2.1    Blockchain in Automotive Finance, Payments, and Insurance Services Market (by Region)
                   6.2.3    Safety and Security
                               6.2.3.1    Blockchain in Automotive Safety and Security Market (by Region)
                   6.2.4    Renting and Leasing
                               6.2.4.1    Blockchain in Automotive Renting and Leasing Market (by Region)
                   6.2.5    Others (Smart Contracts, Ride Sharing, Infotainment, Loyalty Programs, Internet of Things, etc.)
                               6.2.5.1    Blockchain in Automotive Others (Smart Contracts, Ride Sharing, Infotainment, Loyalty Programs, Internet of Things, etc.) Market (by Region)
          6.3    Aerospace & Aviation Industry
                   6.3.1    Manufacturing and Supply Chain
                               6.3.1.1    Blockchain in Aerospace & Aviation Manufacturing and Supply Chain Market (by Region)
                   6.3.2    Identity Management
                               6.3.2.1    Blockchain in Aerospace & Aviation Identity Management Market (by Region)
                   6.3.3    Repair and Maintenance
                               6.3.3.1    Blockchain in Aerospace & Aviation Repair and Maintenance Market (by Region)
                   6.3.4    Cargo Tracking
                               6.3.4.1    Blockchain in Aerospace & Aviation Cargo Tracking Market (by Region)
                   6.3.5    Safety and Security
                               6.3.5.1    Blockchain in Aerospace & Aviation Safety and Security Market (by Region)
                   6.3.6    Others (Smart Contracts, Aircraft Leasing, Tokenization Ticketing, Loyalty Points, etc.)
                               6.3.6.1    Blockchain in Aerospace & Aviation Others (Smart Contracts, Aircraft Leasing, Tokenization Ticketing, Loyalty Points, etc.) Market (by Region)

7.1    Introduction
           7.2    Private Blockchain
                    7.2.1    Private Blockchain in Automotive and Aerospace & Aviation Market (by Region)
           7.3    Hybrid Blockchain
                    7.3.1    Hybrid Blockchain in Automotive and Aerospace & Aviation Market (by Region)
           7.4    Public Blockchain
                    7.4.1    Public Blockchain in Automotive and Aerospace & Aviation Market (by Region)

8.1    North America
                   8.1.1    North America Blockchain in Automotive and Aerospace & Aviation Market (by Application)
          8.2    Europe
                   8.2.1    Europe Blockchain in Automotive and Aerospace & Aviation Market (by Application)
          8.3    Asia-Pacific
                   8.3.1    Asia-Pacific Blockchain in Automotive and Aerospace & Aviation Market (by Application)
          8.4    Rest-of-the-World
                   8.4.1    Rest-of-the-World Blockchain in Automotive and Aerospace & Aviation Market (by Application)

9.1    Accenture
                   9.1.1    Company Overview
                   9.1.2    Product Portfolio
                   9.1.3    Key Developments
                   9.1.4    Financials
                   9.1.5    SWOT Analysis
          9.2    Amazon.com, Inc.
                   9.2.1    Company Overview
                   9.2.2    Product Portfolio
                   9.2.3    Key Developments
                   9.2.4    Financials
                   9.2.5    SWOT Analysis
          9.3    BigchainDB GmbH
                   9.3.1    Company Overview
                   9.3.2    Product Portfolio
                   9.3.3    Key Developments
                   9.3.4    SWOT Analysis
          9.4    Bitfury Group Limited
                   9.4.1    Company Overview
                   9.4.2    Product Portfolio
                   9.4.3    SWOT Analysis
          9.5    BTL Group Ltd.
                   9.5.1    Company Overview
                   9.5.2    Product Portfolio
                   9.5.3    Key Developments
                   9.5.4    SWOT Analysis
          9.6    ConsenSys
                   9.6.1    Company Overview
                   9.6.2    Product Portfolio
                   9.6.3    Key Developments
                   9.6.4    SWOT Analysis
          9.7    Context Labs BV
                   9.7.1    Company Overview
                   9.7.2    Product Portfolio
                   9.7.3    Key Development
                   9.7.4    SWOT Analysis
          9.8    Ethereum
                   9.8.1    Company Overview
                   9.8.2    Product Portfolio
                   9.8.3    Key Development
                   9.8.4    SWOT Analysis
          9.9    Factom
                   9.9.1    Company Overview
                   9.9.2    Product Portfolio
                   9.9.3    Key Developments
                   9.9.4    SWOT Analysis
         9.10   IBM
                   9.10.1    Company Overview
                   9.10.2    Product Portfolio
                                 9.10.2.1    Key Features of IBM Blockchain
                                 9.10.2.2    Types of Blockchain Solution
                   9.10.3    Key Developments in the Blockchain Ecosystem
                   9.10.4    Financials
                   9.10.5    SWOT Analysis
         9.11   Microsoft
                   9.11.1    Company Overview
                   9.11.2    Product Portfolio
                   9.11.3    Key Developments
                   9.11.4    Financials
         9.12   Mesosphere Inc.
                   9.12.1    Company Overview
                   9.12.2    Product Portfolio
                   9.12.3    SWOT Analysis
         9.13   Oaken Innovations
                   9.13.1    Company Overview
                   9.13.2    Product Portfolio
                   9.13.3    Key Developments
                   9.13.4    SWOT Analysis
         9.14   Provenance Inc.
                   9.14.1    Company Overview
                   9.14.2    Product Portfolio
                   9.14.3    SWOT Analysis
         9.15   Productive Edge LLC
                   9.15.1    Company Overview
                   9.15.2    Product Portfolio
                   9.15.3    SWOT Analysis
         9.16   R3
                   9.16.1    Company Overview
                   9.16.2    Product Portfolio
                   9.16.3    Key Developments
                   9.16.4    SWOT Analysis
         9.17   Ripple Labs Inc.
                   9.17.1    Company Overview
                   9.17.2    Product Portfolio
                   9.17.3    SWOT Analysis
         9.18   XAIN AG
                   9.18.1    Company Overview
                   9.18.2    Product Portfolio
                   9.18.3    Key Development
                   9.18.4    SWOT Analysis

10.1 Scope of the Report
10.2 Blockchain in Automotive and Aerospace & Aviation Market Methodology

Table 1:    Aircraft Volume 2017 and 2037
Table 1.1:    Difference Between Proof-of-Work and Proof-of-Stake
Table 2.1:    Impact of Market Drivers
Table 2.2:    Impact of Market Restraint
Table 2.3:    Aircraft Sales. 2017 & 2037
Table 3.1:    Consortium and Association
Table 3.2:    Blockchain Legislation - 2018 Legislative Session
Table 6.1:    Blockchain in Automotive Manufacturing and Supply Chain Market Size (by Region), $Million, 2018-2029
Table 6.2:    Blockchain in Automotive Finance, Payments, and Insurance Services Market Size (by Region), $Million, 2018-2029
Table 6.3:    Blockchain in Automotive Safety and Security Market Size (by Region), $Million, 2018-2029
Table 6.4:    Blockchain in Automotive Renting and Leasing Market Size (by Region), $Million, 2018-2029
Table 6.5:    Blockchain in Automotive Others (Smart Contracts, Ride Sharing, Infotainment, Loyalty Programs, Internet of Things, etc.) Market Size (by Region), $Million, 2018-2029
Table 6.6:    Blockchain in Aerospace & Aviation Manufacturing and Supply Chain Market Size (by Region), $Million, 2018-2029
Table 6.7:    Blockchain in Aerospace & Aviation Identity Management Market Size (by Region), $Million, 2018-2029
Table 6.8:    Blockchain in Aerospace & Aviation Repair and Maintenance Market Size (by Region), $Million, 2018-2029
Table 6.9:    Blockchain in Aerospace & Aviation Cargo Tracking Market Size (by Region), $Million, 2018-2029
Table 6.10:    Blockchain in Aerospace & Aviation Safety and Security Market Size (by Region), $Million, 2018-2029
Table 6.11:    Blockchain in Aerospace & Aviation Others (Smart Contracts, Aircraft Leasing, Tokenization Ticketing, Loyalty Points, etc.) Market Size (by Region), $Million, 2018-2029
Table 7.1:    Difference Between Private and Public Blockchain
Table 7.2:    Private Blockchain in Aerospace & Aviation Market Size (by Region), $Million, 2018-2029
Table 7.3:    Hybrid Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018-2029
Table 7.4:    Public Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018-2029
Table 8.1:    Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018-2029
Table 8.2:    Aircraft Volume
Table 8.3:    Aircraft Volume
Table 8.4:    Aircraft Volume
Table 8.5:    Aircraft Volume, 2017 and 2037
Table 9.1:    Comparison of bitcoin Blockchain, Distributed Database, and BigchainDB
Table 9.2:    Product Pricing
Table 9.3:    Basic and Standard Azure Blockchain
Table 9.4:    Product Pricing

Figure 1:    Passenger Vehicle Sales - Electric Vehicles and ICE Vehicles (2018-2030)
Figure 2:    Commercial Vehicle Sales - Electric Vehicles and ICE Vehicles (2018-2030)
Figure 3:    Global Aviation Services Market, 2017
Figure 4:    Blockchain in Automotive and Aerospace & Aviation Market Size (Pessimistic Scenario), $Million, 2018-2029
Figure 5:    Blockchain in Automotive and Aerospace & Aviation Market (Realistic Scenario), $Million, 2018-2029
Figure 6:    Blockchain in Automotive and Aerospace & Aviation Market Size (Optimistic Scenario), $Million, 2018-2029
Figure 7:    Blockchain in Automotive Market Size (by Application), $Million, 2018, 2019, and 2029
Figure 8:    Blockchain in Aerospace & Aviation Market Size (by Application), $Million, 2018, 2019, and 2029
Figure 9:    Blockchain in Automotive and Aerospace & Aviation Market Size (by Type), $Million, 2018, 2019, and 2029
Figure 10:    Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), Million units, 2018
Figure 1.1:    Blockchain Structure
Figure 2.1:    Market Drivers
Figure 4.1:    Key Development
Figure 6.1:    Blockchain in Automotive and Aerospace & Aviation.
Figure 6.2:    Pessimistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size, (by Application) $Million, 2018, 2019, and 2029
Figure 6.3:    Realistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size, (by Application) Million, 2018, 2019, and 2029
Figure 6.4:    Optimistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size, (by Application) Million, 2018, 2019, and 2029
Figure 6.5:    Advantages of Blockchain
Figure 6.6:    Automotive Connected Ecosystem
Figure 6.7:    Inbound Logistic Supply Chain
Figure 6.8:    Outbound Logistic Supply Chain
Figure 6.9:    Blockchain in Automotive Manufacturing and Supply Chain Market Size, $Million, 2018-2029
Figure 6.10:    Blockchain in Automotive Manufacturing and Supply Chain Market Size (by Region), $Million, 2018
Figure 6.11:    Automotive Retail Lifecycle
Figure 6.12:    Blockchain in Automotive Finance, Payments, and Insurance Services Market Size, $Million, 2018-2029
Figure 6.13:    Blockchain in Automotive Finance, Payments, and Insurance Services Market Size (by Region), $Million, 2018
Figure 6.14:    Blockchain in Automotive Safety and Security Market Size, $Million, 2018-2029
Figure 6.15:    Blockchain in Automotive Safety and Security Market Size (by Region), $Million, 2018
Figure 6.16:    Blockchain in Automotive Renting and Leasing Market Size, $Million, 2018-2029
Figure 6.17:    Blockchain in Automotive Renting and Leasing Market Size (by Region), $Million, 2018
Figure 6.18:    How Smart Contracts Works
Figure 6.19:    Blockchain in Automotive Others (Smart Contracts, Ride Sharing, Infotainment, etc.) Market Size, $Million, 2018-2029
Figure 6.20:    Blockchain in Automotive Others (Smart Contracts, Ride Sharing, Infotainment, Loyalty Programs, Internet of Things, etc.) Market Size (by Region), $Million, 2018
Figure 6.21:    Lifecycle of Aircraft
Figure 6.22:    Application of Blockchain for Aircraft Parts
Figure 6.23:    Blockchain in Aerospace & Aviation Manufacturing and Supply Chain Market Size, $Million, 2018-2029
Figure 6.24:    Blockchain in Aerospace & Aviation Manufacturing and Supply Chain Market Size (by Region), $Million, 2018
Figure 6.25:    Blockchain in Aerospace & Aviation Identity Management Market Size, $Million, 2018-2029
Figure 6.26:    Blockchain in Aerospace & Aviation Identity Management Market Size (by Region), $Million, 2018
Figure 6.27:    Blockchain in Aerospace & Aviation Repair and Maintenance Market Size, $Million, 2018-2029
Figure 6.28:    Blockchain in Aerospace & Aviation Repair and Maintenance Market Size (by Region), $Million, 2018
Figure 6.29:    Air Cargo Supply Chain
Figure 6.30:    Blockchain in Aerospace & Aviation Cargo Tracking Market Size, $Million, 2018-2029
Figure 6.31:    Blockchain in Aerospace & Aviation Cargo Tracking Market Size (by Region), $Million, 2018
Figure 6.32:    Blockchain in Aerospace & Aviation Safety and Security Market Size, $Million, 2018-2029
Figure 6.33:    Blockchain in Aerospace & Aviation Safety and Security Market Size (by Region), $Million, 2018
Figure 6.34:    Blockchain in Aerospace & Aviation Others (Smart Contracts, Aircraft Leasing, Tokenization Ticketing, Loyalty Points, etc.) Market Size, $Million, 2018-2029
Figure 6.35:    Blockchain in Aerospace & Aviation Others (Smart Contracts, Aircraft Leasing, Tokenization Ticketing, Loyalty Points, etc.) Market Size (by Region), $Million, 2018
Figure 7.1:    Types of Blockchain in Automotive and Aerospace & Aviation
Figure 7.2:    Pessimistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size (by Type), $Million, 2018, 2019, and 2029
Figure 7.3:    Realistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size, (by Type) $Million, 2018, 2019, and 2029
Figure 7.4:    Optimistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size, (by Type) $Million, 2018, 2019, and 2029
Figure 7.5:    Private Blockchain
Figure 7.6:    Private Blockchain in Automotive and Aerospace & Aviation Market Size, $Million, 2018-2029
Figure 7.7:    Private Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018
Figure 7.8:    Hybrid Blockchain
Figure 7.9:    Hybrid Blockchain in Automotive and Aerospace & Aviation Market Size, $Million, 2018-2029
Figure 7.10:    Hybrid Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018
Figure 7.11:    Public Blockchain
Figure 7.12:    Public Blockchain in Automotive and Aerospace & Aviation Market Size, $Million, 2018-2029
Figure 7.13:    Public Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018
Figure 8.1:    Pessimistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018, 2019, and 2029
Figure 8.2:    Realistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018, 2019, and 2029
Figure 8.3:    Optimistic Scenario: Blockchain in Automotive and Aerospace & Aviation Market Size (by Region), $Million, 2018, 2019, and 2029
Figure 8.4:    Blockchain in Automotive and Aerospace & Aviation Market Share (by Region), %, (2018 and 2029)
Figure 8.5:    North America Blockchain in Automotive and Aerospace & Aviation Market Size, $Million, 2018-2029
Figure 8.6:    North America Blockchain in Automotive and Aerospace & Aviation Market Size (by Application), Thousand Units, 2018, 2019, and 2029
Figure 8.7:    Europe Blockchain in Automotive and Aerospace & Aviation Market Size, $Million, 2018-2029
Figure 8.8:    Europe Blockchain in Automotive and Aerospace & Aviation Market Size (by Application), $Million, 2018, 2019, and 2029
Figure 8.9:    Asia-Pacific Blockchain in Automotive and Aerospace & Aviation Market Size, $Million, 2018-2029
Figure 8.10:    Asia-Pacific Blockchain in Automotive and Aerospace & Aviation Market Size (by Type), Thousand Units, 2018, 2019, and 2029
Figure 8.11:    Rest-of-the-World Blockchain in Automotive and Aerospace & Aviation Market Size, $Million, 2018-2029
Figure 8.12:    Rest-of-the-World Blockchain in Automotive and Aerospace & Aviation Market Size (by Type), Thousand Units, 2018, 2019, and 2029
Figure 9.1:    Share of Key Company Profiles
Figure 9.2:    Accenture: Product Portfolio
Figure 9.3:    Accenture: Overall Financials, 2016-2018
Figure 9.4:    Accenture: Net Revenue (by Business Segment), 2016-2018
Figure 9.5:    Accenture: Net Revenue (by Region), 2016-2018
Figure 9.6:    Accenture: SWOT Analysis
Figure 9.7:    Amazon: Product Portfolio
Figure 9.8:    Amazon.com, Inc.: Overall Financials, 2016-2018
Figure 9.9:    Amazon.com, Inc.: Net Revenue (by Segment), 2016-2018
Figure 9.10:    Amazon.com, Inc.: SWOT Analysis
Figure 9.11:    BigchainDB: SWOT Analysis
Figure 9.12:    Bitfury Group: Product Portfolio
Figure 9.13:    Bitfury Group Limited: SWOT Analysis
Figure 9.14:    BTL Group: Product Portfolio
Figure 9.15:    BTL Group Ltd.: SWOT Analysis
Figure 9.16:    ConsenSys: SWOT Analysis
Figure 9.17:    Context Labs: Product Portfolio
Figure 9.18:    Context Labs: SWOT Analysis
Figure 9.19:    Ethereum: Product Portfolio
Figure 9.20:    Ethereum: SWOT Analysis
Figure 9.21:    Factom: Product Portfolio
Figure 9.22:    Factom Inc.: SWOT Analysis
Figure 9.23:    IBM: Overall Financials, 2016-2018
Figure 9.24:    IBM: Net Revenue (by Business Segment), 2016-2018
Figure 9.25:    IBM: Net Revenue (by Region), 2016-2018
Figure 9.26:    IBM: SWOT Analysis
Figure 9.27:    Microsoft Blockchain
Figure 9.28:    Microsoft Corporation: Overall Financials, 2016-2018
Figure 9.29:    Microsoft Corporation: Net Revenue (by Business Segment), 2016-2018
Figure 9.30:    Microsoft Corporation: Net Revenue (by Region), 2016-2018
Figure 9.31:    Microsoft Corporation: SWOT Analysis
Figure 9.32:    Mesosphere: Product Portfolio
Figure 9.33:    Mesosphere: SWOT Analysis
Figure 9.34:    Oaken Innovations: Product Portfolio
Figure 9.35:    Oaken Innovation: SWOT Analysis
Figure 9.36:    Provenance: Product Portfolio
Figure 9.37:    Provenance Inc. SWOT Analysis
Figure 9.38:    Productive: Product Portfolio
Figure 9.39:    Productive Edge LLC: SWOT Analysis
Figure 9.40:    R3: SWOT Analysis
Figure 9.41:    Ripple Labs: Product Portfolio
Figure 9.42:    Ripple Labs Inc.: SWOT Analysis
Figure 9.43:    XAIN: Product Portfolio
Figure 9.44:    XAIN AG: SWOT Analysis
Figure 10.1:    Blockchain in Automotive and Aerospace & Aviation Market
Figure 10.2:    Top Down Approach
Figure 10.3:    Blockchain in Automotive and Aerospace & Aviation Market Influencing Factors
Figure 10.4:    Assumptions and Limitations

Key Questions Answered in the Report

• What was the valuation of the blockchain in automotive and aerospace & aviation market in 2018 and how the market is expected to perform during the forecast period from 2019-2029?

• Which factors are expected to boost and restrain the growth and adoption of the technology during the forecast period, 2019-2029?

• How are the consortiums, such as R3 and PTDL, participating in endorsing the blockchain technology in the market?

• What are the currently identified use cases of blockchain technology?

• How is the adoption of blockchain expected to change in next ten years?

• How much revenue is expected to be generated by,

o    Different applications such as automotive and aerospace & aviation industry, during the forecast period from 2019 to 2029?
     o    Different types including private, hybrid, and public blockchain of the market during the forecast period?
     o    Different regions in which the market has been segmented, such as North America, Europe, Asia-Pacific, and Rest-of-the-World (ROW)?

• Which are the key players involved in investing in, developing, or leveraging blockchain?

Report Description

Scope of the Market Intelligence on Blockchain in Automotive and Aerospace & Aviation Market

The blockchain in automotive and aerospace & aviation market report is a compilation of different segments of the use of blockchain in automotive and aerospace & aviation market including market breakdown by application, type, and region. The report further takes into consideration the market dynamics and the competitive landscape. The study also discusses in detail about the key participants involved in the industry.

Market Segmentation

The finance, payments, and insurance services segment dominated the blockchain in automotive and aerospace & aviation market and is anticipated to maintain its dominance throughout the forecast period (2019-2029). This is mainly due to a rise in the complexity of supply chain of the automotive industry, as automotive ecosystem is highly connected, and therefore the issues of cyber threat increases.

Additionally, to overcome the issues of lack of transparency and high cost of operation, players operating in the automotive ecosystem are currently integrating blockchain solution. The manufacturing and supply chain segment dominated the blockchain in aerospace & aviation market. This is mainly due to a rise in the demand of aircraft owing to the growing aviation industry.

The private blockchain segment dominated the blockchain in automotive and aerospace & aviation market and is anticipated to maintain its dominance throughout the forecast period. This is mainly due to the advantages of private blockchain over public and hybrid blockchain such as highly secured, permissioned network, and higher speed. In terms of growth, the hybrid blockchain market is anticipated to be the segment with the highest potential and is expected to register the highest CAGR of from 2019 to 2029.

Region-wise, North America dominated the blockchain in automotive and aerospace & aviation market and is anticipated to uphold its dominance throughout the forecast period. The blockchain in automotive and aerospace & aviation market in North America is majorly driven by factors, such as growing number of autonomous vehicles, connected vehicles, intelligent transportation system, and MaaS industry. Additionally, the growing blockchain market is also pushed by the increasing aviation industry in the region.

Key Companies Operating in the Blockchain in Automotive and Aerospace & Aviation Market

The key players in the blockchain in automotive and aerospace & aviation market include IBM, Amazon.com, Inc., Accenture plc, Microsoft Corporation, Bitfury Group Ltd., BTL Group Ltd., R3, Factom, Ethereum Foundation, Mesosphere Inc., Provenance Inc., XAIN AG, BigchainDB GmbH, Consensys Systems, Context Labs, Oaken Innovations, Productive Edge LLC, and Ripple Labs.

Market Overview

Blockchain in Automotive and Aerospace & Aviation Market Forecast, 2019-2029

The blockchain in automotive and aerospace & aviation industry analysis conducted by BIS Research highlights that the market is projected to grow at a CAGR of 60.35% during the forecast period 2019-2029. As per the blockchain in automotive and aviation report depicts that the market was valued at $138 million in 2018.

The blockchain in automotive and aerospace & aviation technology is majorly driven by the factors such as transparency and removal of risk of fraud, reduce transaction cost and fast transaction settlements, and establishment of consortium and association.

However, factors such as lack of regulatory framework, infrastructure, and standardization and lack of technical expertise and awareness among the players operating in the automotive and aerospace & aviation market hinder the market growth. Moreover, factors such as transition from car ownership to Mobility-as-a-Service (MaaS) and increasing application of blockchain in the aerospace & aviation industry are expected to create numerous opportunities for the market growth.

Expert Quote on the Blockchain in Automotive and Aerospace & Aviation Market

“The finance, payments, and insurance services for automotive industry and manufacturing and supply chain for aerospace & aviation industry is dominating the blockchain in automotive and aerospace & aviation market and is anticipated to maintain its dominance throughout the forecast period. This is mainly due to a complexity in supply chain of the automotive industry, as automotive ecosystem is highly connected, and therefore the issues of cyber threat increases. Additionally, to overcome the issues of lack of transparency and high cost of operation, players operating in the automotive and aerospace & aviation ecosystem are currently integrating blockchain solution.”