The India automotive blockchain market is expected to witness a growth of robust CAGR in the forecast period, FY2023-FY2027.  Increased demand for automotive blockchain technology for logistics & transportation, insurance, secure transactions, and advantages such as low operational costs and improved security are expected to be the primary drivers for India's automotive blockchain market for the next five years.

Blockchain Technology Enhances Data Security in Automobiles

Blockchain technology stores the blocks of data, and these blocks are linked with each other using the cryptography technique. It is considered a safe and secure network as it keeps the data stored in different blocks. Data is protected against data loss and leaks as each block used in the process contains the cryptogenic hash of the previous block and time and transaction details. Authentication is required to gain access to data stored in blocks of blockchain technology, including secure communication network and secure blockchain technologies. With the growing demand for connected vehicles and automation technology in automobiles, automotive blockchain technology is expected to grow at a significant rate in the next five years.

Blockchain Technology Improves Transaction Processes

Automotive blockchain technology is highly secure and provides enhanced security and real-time processing, which improves consumers' overall experience. It removes the need to hire a mediator to look after every transaction and maintain a proper record for the same. Blockchain technology stores all the information and has a higher accuracy rate than other technologies. Logistics and transportation information can be easily maintained by automotive blockchain technology. Growing awareness about the benefits of adopting blockchain technology along with the availability of high security securing transactions is expected to bolster the demand for the Indian automotive blockchain market for the forecast period. 

Automotive Blockchain Technology Optimizes Ownership Costs

Automobile companies used to hire dedicated persons or third parties to store essential data related to automobiles. 

Automotive blockchain technology is used to efficiently store and manage the records of the processes related to automobiles. Operational costs, sales data, and insurance and warranty claims are essential information that is stored with the help of automotive blockchain technology. The adoption of blockchain technology by automobile companies to lower the expenses incurred in maintaining and hiring employees to complete the work. The need to lower operational costs and make the process cost-effective is expected to fuel the growth of India automotive blockchain in the forecast period. 


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Market Segmentation

The India automotive blockchain market is segmented into application, mobility, provider, end user, regional distribution, and company. Based on application, the market is divided into manufacturing, supply chain, mobility solutions, financial services, others. Based on mobility, the market is divided into personal mobility, shared mobility, and commercial mobility. Based on provider, the market is divided into application & solution, middleware, and infrastructure & protocol. Based on end user, the market is divided into OEMs, vehicle owners, mobility as a service provider, and others. The market is also studied on the basis of regional distribution and the regions are majorly divided into North, East, South and West.

Market Players

Microsoft Corporation, BigchainDB GmbH, IBM Corporation, SHIFTMobility Inc., HCL Technologies, NXM Labs Inc., Accenture plc, Helbiz, Inc., cV Group UAB, and CarBlock Corp., are major market players operating in the India automotive blockchain market.

Attribute

Details

Base Year

FY2021

Historic Data

FY2017 – FY2020

Estimated Year

FY2022

Forecast Period

FY2023 – FY2027

Quantitative Units

Revenue in USD Million, and CAGR for FY2017-FY2021 and FY2022-FY2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Application

·         Mobility

·         Provider

·         End User

Region scope

North, East, West, South

Key companies profiled

Microsoft Corporation, BigchainDB GmbH, IBM Corporation, SHIFTMobility Inc., HCL Technologies, NXM Labs Inc., Accenture plc, Helbiz, Inc., cV Group UAB, and CarBlock Corp.

Customization scope

10% free report customization with purchase. Addition or alteration to country & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, India automotive blockchain market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Automotive Blockchain Market, By Application:
    • Manufacturing
    • Supply Chain
    • Mobility Solutions
    • Financial Services
    • Others
  • India Automotive Blockchain Market, By Mobility:
    • Personal Mobility
    • Shared Mobility
    • Commercial Mobility
  • India Automotive Blockchain Market, By Provider:
    • Application & Solution
    • Middleware
    • Infrastructure & Protocol
  • India Automotive Blockchain Market, By End User:
    • OEMs
    • Vehicle Owners
    • Mobility as a Service Provider
    • Others
  • India Automotive Blockchain Market, By Region:

o   North

o   East

o   South

o   West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India automotive blockchain market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India automotive blockchain market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Automotive Blockchain Market

5.    Voice of Customer

5.1.  Factors Behind Selecting a Solution Provider

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    India Automotive Blockchain Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Application (Manufacturing, Supply Chain, Mobility Solutions, Financial Services, Others)

6.2.2.     By Mobility (Personal Mobility, Shared Mobility, and Commercial Mobility)

6.2.3.     By Provider (Application & Solution, Middleware, and Infrastructure & Protocol)

6.2.4.     By End User (OEMs, Vehicle Owners, Mobility as a Service Provider, Others)

6.2.5.     By Region (East, West, North, South)

6.2.6.     By Company (2021)

6.3.  Product Market Map (By Application, By Region)

7.    India Manufacturing Blockchain Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Mobility

7.2.2.     By Provider

7.2.3.     By End User

8.    India Supply Chain Blockchain Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Hatchback, Sedan, SUV/MPV)

8.2.2.     By Blend Type

8.2.3.     By Fuel Type

9.    India Mobility Solutions Blockchain Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Pickup Truck, Panel Van)

9.2.2.     By Blend Type

9.2.3.     By Fuel Type

10.  India Financial Services Blockchain Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type (Truck, Bus)

10.2.2.  By Blend Type

10.2.3.  By Fuel Type

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends and Developments

13.  Policy and Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Company Profiles (Partial List of Leading Companies)

15.1.1.  Microsoft Corporation

15.1.2.  BigchainDB GmbH

15.1.3.  IBM Corporation

15.1.4.  SHIFTMobility Inc.

15.1.5.  HCL Technologies

15.1.6.  NXM Labs Inc.

15.1.7.  Accenture plc

15.1.8.  Helbiz, Inc.

15.1.9.  cV Group UAB

15.1.10.                CarBlock Corp.

 16. Strategic Recommendations

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