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?
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