DUBLIN, Oct. 21, 2021 /PRNewswire/ — The “Global Automotive Blockchain Market (2021-2026) by Type, Application, Provider, Vehicle Type, Propulsion, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com‘s offering.
The Global Automotive Blockchain Market is estimated to be USD 0.41 Bn in 2021 and is expected to reach USD 1.68 Bn by 2026, growing at a CAGR of 32.5%.
Blockchain technology is gaining importance in the automotive industry owing to the need for secure payments and digital access while interacting with other V2V communication. The increasing use of blockchain has helped in tracking and further ensuring transparency. These factors are driving the growth of the automotive blockchain market. The growing demand for better payments in logistics & transportation, mobility services and also increasing demand for the crypto currency market are further enhancing the growth opportunity for the blockchain market.
However,
Many of the adjustments occurring within the automotive market immediately, together with tightened credit score markets in a capital-intensive trade and increased government involvement are the most recent global challenges. Nearly all nations in the world have phased out automotive leaded gasoline. In 2011, six international locations seventy seven had been nonetheless utilizing leaded gasoline: Afghanistan , Myanmar , North Korea , Algeria , Iraq and Yemen It was anticipated that by the tip of 2013 those nations, too, would ban leaded gasoline, seventy eight however this goal was not met. Algeria replaced leaded with unleaded automotive fuel solely in 2015. quotation wanted Different components have replaced the lead compounds. The most popular additives include aromatic hydrocarbons , ethers and alcohol (normally ethanol or methanol ). For technical reasons, the usage of leaded additives is still permitted worldwide for the formulation of some grades of aviation gasoline similar to 100LL …