Increasing demand for better security and privacy and need to reduce transaction costs are key factors driving market revenue growth

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. A new research report has been added by Emergen Research, that offers a comprehensive analysis of the Global Blockchain in Automotive and Aerospace and Aviation Market that offers beneficial information to the users to offer an overview of the Blockchain in Automotive and Aerospace and Aviation market.

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.

The report covers the rapidly changing market scenario and offers an initial and future assessment of the impact of the Blockchain in Automotive and Aerospace and Aviation market. The research report is furnished with data validated from the experts, along with an analysis of the historical data. It also discusses growth prospects, industry facts, sales figures, distribution channels, competitive landscape analysis, market shares, gross margin, key regions, demand trends, and developments, among others.

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Global Blockchain in Automotive and Aerospace and Aviation Market Segmentation:

The market has been divided into types, applications, and regions. The report offers a growth analysis of each segment to provide an accurate calculation and forecast of sales in the time period 2020-2028. The analysis offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings.

Market Segments

• Type Outlook (Revenue, USD Million; 2018–2028)
  • Private Blockchain
  • Hybrid Blockchain
  • Public Blockchain
• Components Outlook (Revenue, USD Million; 2018–2028)
  • Decentralization
  • Data Integrity
  • Digital Signature
  • Data Mining
• Application Outlook (Revenue, USD Million; 2018–2028)
  • Automotive
  • Aerospace and Aviation

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Some Key Highlights From the Report

• Private blockchain segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to increasing need for data safety and security in the aerospace and aviation industry. Private blockchain is a special type of blockchain technology where only a single organization has access and authority over the network.
• Decentralization segment is expected to register a significantly steady revenue growth rate over the forecast period, as organizations are shifting rapidly towards decentralized blockchains to transfer authorization from an individual to a distributed network.
• In May 2020, International Business Machines Corporation (IBM) launched its Blockchain produce tracker, IBM Food Trust. The blockchain will monitor fresh foods as products travel along the supply chain, and will also strengthen the bond between clients and the company, as clients can trace and track the quality of food throughout the process.

Major Players Profiled in the Report:

• Amazon Inc.
• International Business Machines Corporation (IBM)
• Accenture PLC
• Microsoft Corporation
• Bitfury Group Limited
• ConsenSys Inc.
• Provenance Inc.
• Mesosphere Inc.
• BigchainDB GmbH
• Oaken Innovations Inc.

Global Blockchain in Automotive and Aerospace and Aviation Market Regional Analysis:

North America is expected to account for a larger revenue share than other regional markets in the global blockchain in automotive and aerospace and aviation market over the forecast period due to presence of a number of international and domestic blockchain technology providers such as Amazon Inc., International Business Machines Corporation (IBM), Microsoft Corporation, ConsenSys Inc., and Mesosphere Inc., among others in developed countries of the region.

The report also covers an in-depth analysis of the key geographical regions as well as their countries. It further covers radical insights about the key market players along with their company overview, total revenue, market share and size, price analysis, product portfolio, and strategic initiatives adopted by the companies.

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