Blockchain In Automotive And Aerospace & Aviation - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Blockchain in Automotive and Aerospace & Aviation Market is accounted for $218.32 million in 2019 and is expected to reach $8,565.20 million by 2027 growing at a CAGR of 58.2% during the forecast period. The transparency and elimination of the risk of fraud decrease transaction price and fast transaction settlements and the establishment of consortium and association are propelling the market growth. However, the lack of technical expertise and awareness among the players are hampering the market growth.
Blockchain innovation is a decentralized distributed ledger that allows data to be recorded, secured, maintained, and shared among the participating individuals without a governing authority. It presents a creative methodology for managing data and executing transactions with accuracy, safety, and reliability.
Based on the type, the private blockchain segment is going to have a lucrative growth during the forecast period due to the advantages of private blockchain over public and hybrid blockchains such as highly secured, permission network, and higher speed. By geography, North America is going to have a lucrative growth during the forecast period owing to the growing number of autonomous vehicles, connected vehicles, intelligent transportation system, and MaaS industry.
Some of the key players profiled in the Blockchain in Automotive and Aerospace & Aviation Market include XAIN AG, Ripple Labs Inc., Amazon.com, Inc., Provenance Inc., Bitfury Group Limited, Oaken Innovations, Microsoft, ConsenSys, IBM, Factom, Ethereum, Context Labs BV, R3, BTL Group Ltd., Mesosphere Inc., BigchainDB GmbH, Productive Edge LLC, and Accenture.
• Public Blockchain
• Private Blockchain
• Hybrid Blockchain
• Aerospace & Aviation
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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