India Automotive Blockchain Market to Grow with a CAGR of 29.33% through 2030
Rising demand for secure data sharing, increasing focus on transparent
supply chains, and growing adoption of smart mobility solutions are the factors
driving the market in the forecast period 2026-2030.
According to TechSci Research report, “India Automotive
Blockchain Market – Industry Size, Share, Trends, Opportunity, and Forecast,
2020-2030F”, The India Automotive Blockchain Market was valued at USD
49.15 Million in 2024 and is expected to reach USD 229.97 Million by 2030 with
a CAGR of 29.33% during the forecast period.
The India Automotive Blockchain Market is evolving rapidly as
stakeholders in the automotive ecosystem seek innovative solutions to improve transparency,
efficiency, and security in their operations. Blockchain technology is being
embraced to create immutable records for vehicle data management, supply chain
verification, and secure transaction processing. This technology facilitates a
decentralized framework that enhances trust among manufacturers, suppliers,
dealers, and customers by ensuring data integrity and preventing unauthorized
alterations. Its application is expanding beyond traditional uses to include
vehicle financing, aftermarket services, and carbon credit tracking for
environmentally conscious automotive practices. As the automotive sector
increasingly integrates connected technologies and digital platforms,
blockchain provides a reliable backbone for data interoperability and protection.
Several factors are driving blockchain adoption in the Indian automotive
market. The rising complexity of automotive components, combined with the need
for real-time tracking of parts and services, compels manufacturers to adopt
blockchain for efficient lifecycle management. Growing awareness around data
security risks and cyber threats is prompting automotive players to invest in
blockchain-based systems for safeguarding sensitive information. The demand for
transparency in vehicle histories, including maintenance records and accident
reports, encourages the use of blockchain to build consumer confidence.
Increasing government focus on digital transformation and smart mobility
initiatives further stimulates blockchain deployment across industry verticals.
The push toward sustainable transportation also encourages blockchain-enabled
tracking of battery usage and recycling in electric vehicles.
Despite the promising potential, certain challenges impede faster
blockchain integration. The technology requires substantial initial investment
and robust IT infrastructure, which may be prohibitive for smaller suppliers
and service providers. Fragmented regulations related to blockchain
implementation and data sharing create uncertainties around compliance and
interoperability. The integration of blockchain with existing enterprise
systems remains complex and resource-intensive. Performance bottlenecks linked
to blockchain’s transaction processing speed restrict scalability, especially
in high-demand applications such as connected vehicle networks. However,
emerging opportunities lie in pilot projects involving blockchain-powered
vehicle identity management, smart insurance claims, and secure
vehicle-to-everything (V2X) communications. Collaborations between automotive
firms and blockchain innovators continue to unlock new use cases, driving the
sector toward a more transparent and efficient future.
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in-depth TOC on "India Automotive Blockchain Market"
India Automotive Blockchain Market Is
Segmented by Application, Mobility, Provider, End User, and By Region.
In 2024, the shared
mobility segment emerged as the fastest-growing sector within the India
Automotive Blockchain market. This surge is primarily driven by the rising
demand for secure and transparent transaction systems among ride-sharing
platforms, rental services, and other shared transportation solutions.
Blockchain technology provides an immutable ledger that enhances trust between
service providers and users by ensuring data integrity in bookings, payments,
and user identities. The decentralized nature of blockchain helps reduce
fraudulent activities and streamlines contract enforcement through smart
contracts, which automatically execute terms between parties without
intermediaries. The growing adoption of electric vehicles within shared
mobility fleets further fuels the need for blockchain to manage charging
transactions, energy consumption, and carbon credits. Moreover, urbanization
and increased environmental concerns motivate consumers to prefer shared
transportation options, pushing service providers to adopt blockchain solutions
for efficient fleet management and transparent user data handling. Blockchain’s
capability to integrate with mobile applications enables real-time tracking,
secure digital wallets, and loyalty rewards, all enhancing the overall user
experience and operational efficiency. These factors collectively contribute to
the rapid growth of the shared mobility segment in India’s automotive
blockchain landscape.
Among the regions, the
South of India witnessed the fastest blockchain adoption within the automotive
sector in 2024. This regional growth can be attributed to several key factors.
The presence of a well-established automotive manufacturing ecosystem in states
like Tamil Nadu and Karnataka has encouraged the early integration of
blockchain technologies to enhance supply chain transparency and parts
traceability. These manufacturers are leveraging blockchain to verify the
authenticity of components, thereby reducing counterfeit parts and improving
product quality. The South region has also seen increased government
initiatives promoting digital infrastructure and smart mobility projects, which
create an enabling environment for blockchain adoption. The expansion of
electric vehicle infrastructure, including charging stations and battery
management systems, benefits from blockchain’s ability to securely record
energy transactions and maintain usage logs. Additionally, the presence of
multiple technology hubs in the region facilitates collaboration between
automotive firms and blockchain developers, accelerating innovation and
deployment. Consumer awareness and demand for secure, transparent mobility
services further drive blockchain acceptance in this region. These combined
factors position Southern India as the leading region for automotive blockchain
growth in 2024.
Major Market Players
Operating in India Automotive Blockchain Market Are:
- Microsoft Corporation
- BigchainDB GmbH
- IBM Corporation
- SHIFTMobility Inc.
- HCL Technologies
- NXM Labs Inc.
- Accenture plc
- Helbiz, Inc.
- cV Group UAB
- CarBlock Corp
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India’s automotive blockchain market is really
taking off because more companies are realizing how important it is to keep
things secure and transparent. With so many vehicles on the road and new
technologies coming in, blockchain helps make sure everything from parts
tracking to payments runs smoothly and safely. It’s exciting to see how this
technology is shaping the future of mobility in India, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
The report titled “India Automotive Blockchain
Market – Size, Share, Trends, Opportunity, and Forecast, Segmented By
Application (Manufacturing, Supply Chain, Mobility Solutions, Financial
Services, Others), By Mobility (Personal Mobility, Shared Mobility, Commercial
Mobility), By Provider (Application & Solution, Middleware, Infrastructure
& Protocol), By End User (OEMs, Vehicle Owners, Mobility as a Service
Provider, Others), Region, By Competition, 2020-2030F”, assesses the market's
future growth potential and provides data on market size, trends, and
forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the India Automotive
Blockchain Market.
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