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.