Automotive Blockchain Market Projected to Hit $5.6 Billion by 2030 3h3e12 Report

The automotive blockchain industry is likely to flourish most in North America, according to an Allied Market Research report. 68d71

Written by David Delima | Updated: 9 May 2025 19:45 IST

Automotive Blockchain Market Projected to Hit $5.6 Billion by 2030: Report

Photo Credit: Unsplash/ Alina Grubnyak e6v7

The blockchain automotive market expected to grow in Europe, Asia-Pacific

Highlights

Blockchain technology is said to help maintain car sale records
More auto players are expected to use blockchain solutions
Carmakers like Toyota are experimenting with blockchain technology

ment

The integration of blockchain technology with the automotive ecosystem is projected to expand significantly over the next five years. A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to hit the $5.6 billion (roughly Rs. 47,801 crore) mark by 2030. Its compound annual growth rate (CAGR) within this period is predicted to be 29.3 percent. The blockchain is the backbone of other Web3 technologies like crypto and metaverse, and it is perceived as replacement to traditional Web2 data servers.

Data stored on a blockchain is distributed across its network rather than being accumulated at one place. This makes the data safer from hack attacks and data breaches. Data stored on blockchain networks leave permanent records and cannot be altered.

As per the report, the auto sector will ramp up the exploration of blockchain solutions for operational areas like maintaining car sale records, service logs, and warranty claim processing among others.

Meta May Use Stablecoins to Facilitate International Payouts

AMR also highlights the security and immutability of automotive data stored on a blockchain, adding that this technology enables buyers and sellers to by intermediaries or third parties in transactions and other processes within the automotive sector.

The automotive blockchain industry is likely to flourish most in the region of North America that includes Canada and the US alongside Mexico and Greenland. The report further said that the regions of Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa) will also witness auto players give their internal systems a blockchain revamp.

A recent report by Exactitude Consultancy had also predicted that the automotive blockchain market is expected to touch $9.4 billion in valuation by 2034. It said smart contracts and improvement in personal mobility solutions among key trends that will attract the auto industry to experiment with blockchain use cases.

Binance’s Security Chief Jimmy Su on Crypto Security, Regulation and More

In recent years, a number of carmakers have forayed into blockchain-related technologies. German carmaker Daimler reportedly created the Daimler Financial Services (DFS) group, also known as the ‘Blockchain Factory', in 2019. In 2023, Toyota also explored the development of management tools for its employees, Coindesk had reported.

links may be automatically generated - see our ethics statement for details.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Blockchain

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More