The blockchain in automotive and aerospace & aviation industry analysis conducted by BIS Research highlights that the market is projected to grow at a CAGR of 60.35% during the forecast period 2019-2029. As per the blockchain in automotive and aviation report depicts that the market was valued at $138 million in 2018.
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The blockchain in automotive and aerospace & aviation technology is majorly driven by the factors such as transparency and removal of risk of fraud, reduce transaction cost and fast transaction settlements, and establishment of consortium and association.
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However, factors such as lack of regulatory framework, infrastructure, and standardization and lack of technical expertise and awareness among the players operating in the automotive and aerospace & aviation market hinder the market growth. Moreover, factors such as transition from car ownership to Mobility-as-a-Service (MaaS) and increasing application of blockchain in the aerospace & aviation industry are expected to create numerous opportunities for the market growth.
Key Questions Answered in the Report:
• What was the valuation of the blockchain in automotive and aerospace & aviation market in 2018 and how the market is expected to perform during the forecast period from 2019-2029?
• Which factors are expected to boost and restrain the growth and adoption of the technology during the forecast period, 2019-2029?
• How are the consortiums, such as R3 and PTDL, participating in endorsing the blockchain technology in the market?
• What are the currently identified use cases of blockchain technology?
• How is the adoption of blockchain expected to change in next ten years?
• How much revenue is expected to be generated by,
o Different applications such as automotive and aerospace & aviation industry, during the forecast period from 2019 to 2029?
o Different types including private, hybrid, and public blockchain of the market during the forecast period?
o Different regions in which the market has been segmented, such as North America, Europe, Asia-Pacific, and Rest-of-the-World (ROW)?
• Which are the key players involved in investing in, developing, or leveraging blockchain?
BIS Research is a global market intelligence, research and advisory company which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market over the next five (or ten) years.
With over 150 market intelligence reports published annually, BIS Research focuses on various technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies.
Each research report incorporates detailed analysis and subsequent quantification of- market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.
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