Global Blockchain in Manufacturing
Market Report
2024
The Global Blockchain in Manufacturing market size will be USD 0.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 72.30% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Blockchain in Manufacturing market size will be USD 0.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 72.30% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Blockchain in Manufacturing Market Sales Revenue 2022 | $ 0.5 Billion |
Global Blockchain in Manufacturing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 72.3% |
Market Split by End-Use |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Blockchain in Manufacturing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Blockchain in Manufacturing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
In the manufacturing industry, blockchain technology not only allows clients to track and trace incoming parts along the supply chain, but it also provides immutable quality control documentation and production procedures for data. The blockchain database in manufacturing uniquely identifies each product and records every transaction, alteration, or quality check in the blockchain. The advantages of blockchain in the manufacturing business are that it eliminates the need for an intermediary and enhances the overall security and data management, making it market-reliable.
(Source: www.netsuite.com/portal/resource/articles/inventory-management/blockchain-in-manufacturing.shtml)
(Source: www.netsuite.com/portal/resource/articles/inventory-management/blockchain-in-manufacturing.shtml)
The rise of the industrial internet of things, in conjunction with industry 4.0, has influenced the adoption rate of the manufacturing industry, which is already on the cutting edge of technological progress. The advancement of automation, from basic machinery or electromechanical to mechatronics, is beneficial to the industry.
(Source: info.microsoft.com/rs/157-GQE-382/images/EN-US-CNTNT-Report-2019-Manufacturing-Trends.pdf)
Manufacturers' ignorance of blockchain's potential is a major barrier to the growth of the sector. Many consumers are unaware about blockchain applications in manufacturing, which may impede market growth over the projection period. Furthermore, the lack of a unified set of standards and an ambiguous regulatory environment are important impediments to market expansion throughout the projection period.
The COVID-19 pandemic impacted supply chain systems since a lot of critical equipment and commodities are heavily reliant on imports from other nations. Additionally, the enterprises had to operate with a minimum of workers due to the strict mandate of the governing authorities to adhere to social distancing requirements, which decreased the output rate of the industry. As a result, each of these limitations has a negative impact on the growth of blockchain in the manufacturing industry.
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The blockchain market in manufacturing is very competitive and somewhat fragmented. The leading industry participants are always executing various growth strategies in order to maintain a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to thrive in a competitive market. The key market players are constantly focusing on R&D in order to supply industries with the most effective and cost-effective solutions.
(Source: www.intel.com/content/www/us/en/newsroom/news/intel-launches-new-intel-blockscale-technology.html)
Top Companies Market Share in Blockchain in Manufacturing Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America will have the greatest market share in the Blockchain in Manufacturing industry by 2022. The North American area has a well-established economy that permits it to invest in the development of new manufacturing technology. Because of the presence of prominent players in the region, the Blockchain in Manufacturing market is expected to expand significantly in revenue. Due to the rising implementation of blockchain technology across industries such as energy and electricity, the United States, Canada, and Mexico are likely to have significant growth in the Blockchain in Manufacturing market during the forecast period. Furthermore, because of its strong technological infrastructure, robust manufacturing sector, and large expenditures in blockchain research and development, the United States is likely to have the quickest growth in the Blockchain in Manufacturing market. Furthermore, the United States has a favourable regulatory framework and a strong innovation culture, which promotes the acceptance and deployment of blockchain technology in the manufacturing business.
Asia Pacific was the fastest expanding area in 2022, since one of the region's economic cornerstones is rapidly changing manufacturing. Studies show that low-end manufacturers, particularly those in the automotive and electronics sectors, are moving to Southeast Asia. Estimates suggest that the vehicle industry will increase at a rate of 6-8% each year throughout the forecast period. China's manufacturing industry, which is one of the world's largest in terms of output, is rapidly evolving. This lengthy shift has assisted the country in maintaining its place in the global industrial sector.
The current report Scope analyzes Blockchain in Manufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Blockchain in Manufacturing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Blockchain in Manufacturing Industry growth. Blockchain in Manufacturing market has been segmented with the help of its End-Use, Application , and others. Blockchain in Manufacturing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The energy and power generation category dominated the global Blockchain in Manufacturing market. Material movement, maintenance, inspection, fuel mix, ambient temperature, and air quality are all major challenges in the energy and power business. By merging blockchain, Al, and loT, such issues can be overcome and potential future issues foreseen. In energy facilities, these technologies are employed to give a comprehensive solution for preventative maintenance and machinery inspections. They bring together deep physics knowledge, engineering design experience, and cutting-edge inspection technology. Because of the rising use of Global Blockchain in Manufacturing market to tackle various challenges, industrial applications is the fastest expanding segment.
According to Cognitive Market Research, during the forecast period, the automotive segment is predicted to develop at the fastest CAGR. This might be due to the growing need in the automobile industry for blockchain-based solutions to improve efficiency, transparency, and security.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Blockchain in Manufacturing Industry. Request a Free Sample PDF!
According to Cognitive Market Research, logistics and supply chain management dominated the market and are expected to account for the majority of market share in 2022. Blockchain can aid supply chain management by providing users with dependable data management and visualization capabilities. Traditional techniques of supply chain management, product monitoring, and inventory management are evolving to tackle modern complications thanks to blockchain, artificial intelligence, and the Internet of things (loT). Technology-enabled supply chains can provide an intelligent, linked network that connects several levels of global suppliers, manufacturers, service providers, distributors, and customers.
During the predicted period, business optimization will be the fastest expanding segment. Using business process optimization strategies, processes within organizations can be tracked, managed, and improved. This provides firms with a fantastic opportunity to analyze whether internal controls currently implemented into their business processes are functioning properly and to optimize a process using both historical and current data. Process optimization analyses each critical stage of a process and recommends the optimum solutions based on demand, error, maintenance, and consumption estimates.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Blockchain in Manufacturing Market is witnessing significant growth in the near future.
In 2023, the Automotive segment accounted for noticeable share of global Blockchain in Manufacturing Market and is projected to experience significant growth in the near future.
The Business Process Optimization segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Amazon.com , Xain AG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
End-Use | Automotive, Energy & Power, Industrial, Pharmaceuticals, Others |
Application | Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management |
List of Competitors | Amazon.com, IBM Corporation, Xain AG, Intel Corporation, Advanced Micro Devices, Factom, Oracle, Wipro Limited, Microsoft Corporation, Nvidia Corporation |
This chapter will help you gain GLOBAL Market Analysis of Blockchain in Manufacturing. Further deep in this chapter, you will be able to review Global Blockchain in Manufacturing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Blockchain in Manufacturing Market Trends North America Blockchain in Manufacturing Technological Road Map North America Blockchain in Manufacturing Market Drivers North America Blockchain in Manufacturing Market Restraints North America Blockchain in Manufacturing Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation End-Use Analysis 2019 -2031, will provide market size split by End-Use. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by End-Use Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Blockchain in Manufacturing market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Automotive have a significant impact on Blockchain in Manufacturing market? |
What are the key factors affecting the Automotive and Energy & Power of Blockchain in Manufacturing Market? |
What is the CAGR/Growth Rate of Business Process Optimization during the forecast period? |
By type, which segment accounted for largest share of the global Blockchain in Manufacturing Market? |
Which region is expected to dominate the global Blockchain in Manufacturing Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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