The global blockchain in automotive and aerospace and aviation market size reached USD 491.2 million in 2020 and is expected to register a revenue CAGR of 66.5% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of decentralized blockchain technology is projected to drive market revenue growth to a significant extent between 2021 and 2028. In addition, high demand for better security and privacy will continue to boost market growth. Furthermore, demand for decentralized blockchain has been increasing at a rapid pace recently. Industries such as automotive and aerospace and aviation are rapidly adopting decentralized blockchain technology. The technology refers to the transfer of controls and decision making from an individual or organization to a distributed network. Decentralization helps in optimizing the distribution of resources so that better services are provided.
The Global Blockchain in Automotive and Aerospace and Aviation Market Report offers extensive knowledge and information about the Blockchain in Automotive and Aerospace and Aviation Market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the Blockchain in Automotive and Aerospace and Aviation Market further validated and verified by the industry experts and professionals. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The latest report encases an in-depth summary of the intensely competitive landscape of the global Blockchain in Automotive and Aerospace and Aviation Systems market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Some major companies included in the global market report are Amazon Inc., International Business Machines Corporation (IBM), Accenture PLC, Microsoft Corporation, Bitfury Group Limited, ConsenSys Inc., Provenance Inc., Mesosphere Inc., BigchainDB GmbH, and Oaken Innovations Inc.
Emergen Research has segmented global blockchain in automotive and aerospace and aviation on the basis of type, components, application, and region:
Type Outlook (Revenue, USD Million; 2018–2028)
- Private Blockchain
- Hybrid Blockchain
- Public Blockchain
Components Outlook (Revenue, USD Million; 2018–2028)
- Data Integrity
- Digital Signature
- Data Mining
Application Outlook (Revenue, USD Million; 2018–2028)
- Aerospace and Aviation
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