1. Market Research
  2. > Advanced IT Market Trends
Blockchain in Automotive and Aerospace & Aviation Market: Focus on Key Application and Types of Blockchain – Analysis and Forecast, 2019-2029

Blockchain in Automotive and Aerospace & Aviation Market: Focus on Key Application and Types of Blockchain – Analysis and Forecast, 2019-2029

  • May 2019
  • 208 pages
  • ID: 5782968
  • Format: PDF
  • By BIS Research

Summary

Table of Contents

Blockchain in Automotive and Aerospace & Aviation Market to Reach $20.62 Billion by 2029

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?

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

The blockchain in automotive and aerospace & aviation industry analysis conducted 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.”

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.

Countries Covered
• North America
• Europe
• Asia-Pacific
• Rest-of-the-World

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

($5000)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Opportunities for Blockchain in Manufacturing

Opportunities for Blockchain in Manufacturing

  • $ 4950
  • April 2019

Evolution of Distributed ManufacturingThe industrial revolution begun in the early 18th century and since then manufacturing has exponentially risen with complex supply chains, increased demand, and lesse ...

U.S. Government Blockchain Spending Forecast, 2019-2022: Healthy Four-Year Growth Predicted for Government Blockchain Spending

U.S. Government Blockchain Spending Forecast, 2019-2022: Healthy Four-Year Growth Predicted for Government Blockchain Spending

  • $ 4104
  • April 2019

This IDC study provides the U.S. government blockchain market forecast for 2019-2022."We believe asset management, identity management, and smart contracts will be the leading blockchain solutions fo ...

IDC PeerScape: Practices to Streamline Processes and Establish Brand Trust Using Blockchain for Supply Chain Traceability

IDC PeerScape: Practices to Streamline Processes and Establish Brand Trust Using Blockchain for Supply Chain Traceability

  • $ 4104
  • July 2019

This IDC PeerScape reviews best practices that supply chains are using blockchain for traceability to offer ideas and processes to organizations just getting started or in process on their blockchain o ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on