DUBLIN, August 19, 2021–(BUSINESS WIRE)–The “Automotive Blockchain – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Automotive Blockchain estimated at US$339.7 Million in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 28.5% over the analysis period 2020-2027.
Application & Solution Providers, one of the segments analyzed in the report, is projected to record a 30.8% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Middleware Providers segment is readjusted to a revised 27.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $102 Million, While China is Forecast to Grow at 27.5% CAGR
The Automotive Blockchain market in the U.S. is estimated at US$102 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$333.7 Million by the year 2027 trailing a CAGR of 27.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.9% and 24.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.7% CAGR.
Infrastructure & Protocol Providers Segment to Record 25% CAGR
In the global Infrastructure & Protocol…