Growth Opportunities and Use Cases for Blockchain in Automotive

Automotive Growth Opportunities and Use Cases for Blockchain in Automotive

Imminent Transformation as the Technology Promises to Fortify and Democratize Data while Bolstering Vehicle Validation

INDUSTRY
Automotive

RELEASE DATE
11-Oct-2023
REGION
North America
DELIVERABLE TYPE
Market Research

RESEARCH CODE
PECD-01-00-00-00
SKU
AU_2023_212
Yes
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Growth Opportunities and Use Cases for Blockchain in Automotive
Published on: 11-Oct-2023 | SKU: AU_2023_212

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This report presents Frost & Sullivan’s analysis of blockchain use cases specific to the automotive industry in several regions, namely North America, Europe, China, India, Latin America, and the Association of Southeast Asian Nations (ASEAN). The study period is 2022–2023.

The blockchain revolution is transforming industries worldwide, and the automotive sector is no exception. Automotive companies experiment with trends such as decentralized autonomous organizations (DAOs) an non-fungible tokens (NFTs) to embrace a new generation of customers or car enthusiasts who like to engage with digital trends that involve the latest technologies.

This study analyzes disruptive use cases with limitless opportunities for blockchain in mobility. From fortifying and democratizing automotive data to bolstering vehicle validation, this cutting-edge technology is set to entice car enthusiasts and revolutionize the industry, paving the way for new and innovative business models. However, with these growth opportunities come implementation risks, trust challenges, skill gaps, and regulatory hurdles that limit the potential of blockchain for automotive enrichment.

Key Issues Addressed

  • Trends impacting the Automotive blockchain industry
  • Original equipment manufacturers (OEMs) analysis of blockchain use cases in different regions
  • Blockchain adoption analysis in Automotive value chain
  • Connected, Autonomous, Shared and Electric (CASE) and Blockchain Adoption
  • Short Term Use cases
  • Battery Passport
  • Vehicle Identity

Author: Sriram Venkatraman

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Automotive Blockchain Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Why Blockchain?

Key Industry Challenges

The Future of Blockchain

OEMs’ Approach to Blockchain—Highlights

Toyota Blockchain Lab—Highlights and Focus Areas

Automotive Value Chain—Key Use Cases for Blockchain Adoption

OEM Blockchain Priorities in Automotive Value Chain

Automotive CASE Key Use Cases—Blockchain Adoption

CASE Priorities for Automotive OEMs

OEM Use Case Preference—Short Term

Research Scope

Key Definitions

Growth Drivers

Growth Restraints

Driver Behavior Contextual Learning

Connected Mobility

V2X

Safer Roads through Connectivity

Blockchain-secured Location Sharing

Delegated Access Control

EV Charging

Vehicle Identity Use Cases

VID Standards—Stakeholder Use Case Matrix

VID Use Cases Adoption Analysis (2023–2026)

Ford—Blockchain Strategy Initiatives and Roadmap

Ford—Blockchain Strategy Initiatives and Roadmap (continued)

Nissan—Blockchain Strategy Initiatives and Roadmap

Nissan—Blockchain Strategy Initiatives and Roadmap (continued)

Toyota—Blockchain Strategy Initiatives and Roadmap

Toyota—Blockchain Strategy Initiatives and Roadmap (continued)

BMW—Blockchain Strategy Initiatives and Roadmap

BMW—Blockchain Strategy Initiatives and Roadmap (continued)

BMW—Blockchain Strategy Initiatives and Roadmap (continued)

MB—Blockchain Strategy Initiatives and Roadmap

MB—Blockchain Strategy Initiatives and Roadmap (continued)

Volkswagen (VW)—Blockchain Strategy Initiatives and Roadmap

VW—Blockchain Strategy Initiatives and Roadmap (continued)

Stellantis—Blockchain Strategy Initiatives and Roadmap

Daimler Group—Blockchain Strategy Initiatives and Roadmap

Renault—Blockchain Strategy Initiatives and Roadmap

Honda—Blockchain Strategy Initiatives and Roadmap

Hyundai Group—Blockchain Strategy Initiatives and Roadmap

Tata Group—Blockchain Strategy Initiatives and Roadmap

Volvo—Blockchain Strategy Initiatives and Roadmap

Tesla—Blockchain Strategy Initiatives and Roadmap

Conclusions

Growth Opportunity 1—Blockchain-based Supply Chain Solutions

Growth Opportunity 1—Blockchain-based Supply Chain Solutions (continued)

Growth Opportunity 2—Battery Passports and EVs

Growth Opportunity 2—Battery Passports and EVs (continued)

Growth Opportunity 3—Data Monetization, VID, and P2P

Growth Opportunity 3—Data Monetization, VID, and P2P (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures
  • Automotive Blockchain: Why Blockchain, Global, 2023
  • Automotive Blockchain: Industry Challenges, Global, 2023
  • Automotive Blockchain: Future of Blockchain, Global, 2023
  • Automotive Blockchain: OEMs’ Approach to Adoption, Global, 2022–2023
  • Automotive Blockchain: OEMs’ Approach to Adoption, North America (NA) and Europe, 2022–2023
  • Automotive Blockchain: OEM Blockchain Priorities, Global, 2023–2028
  • Automotive Blockchain: CASE Key Use Cases, Global, 2023–2025
  • Automotive Blockchain: OEM CASE Priorities, Global, 2023–2025
  • Automotive Blockchain: OEM Use Case Preference, Global, 2023–2025
  • Automotive Blockchain: Growth Drivers, Global, 2023–2030
  • Automotive Blockchain: Growth Restraints, Global, 2023–2030
  • Automotive Blockchain: Vehicle Identity Use Cases, Global, 2023–2026
  • Automotive Blockchain: Ford Initiatives, Global, 2019–2020
  • Automotive Blockchain: Ford Initiatives, Global, 2020–2023
  • Automotive Blockchain: Nissan Initiatives, Global, 2022–2023
  • Automotive Blockchain: Nissan Initiatives, Global, 2023
  • Automotive Blockchain: Toyota Initiatives, Global, 2019–2020
  • Automotive Blockchain: Toyota Initiatives, Global, 2019–2023
  • Automotive Blockchain: BMW Initiatives, Global, 2019–2020
  • Automotive Blockchain: BMW Initiatives, Global, 2022
  • Automotive Blockchain: BMW Initiatives, Global, 2022–2023
  • Automotive Blockchain: MB Initiatives, Global, 2020–2022
  • Automotive Blockchain: Mercedes-Benz Initiatives, Global, 2022–2023
  • Automotive Blockchain: VW Initiatives, Global, 2019–2022
  • Automotive Blockchain: VW Initiatives, Global, 2022–2023
  • Automotive Blockchain: Stellantis Initiatives, Global, 2019–2022
  • Automotive Blockchain: Daimler Group Initiatives, Global, 2018–2019
  • Automotive Blockchain: Renault Initiatives, Global, 2017–2022
  • Automotive Blockchain: Honda Initiatives, Global, 2019–2023
  • Automotive Blockchain: Hyundai Initiatives, Global, 2019–2022
  • Automotive Blockchain: Tata Group Initiatives, Global, 2021–2023
  • Automotive Blockchain: Volvo Initiatives, Global, 2018–2021
  • Automotive Blockchain: Tesla Initiatives, Global, 2021–2022

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This report presents Frost & Sullivan’s analysis of blockchain use cases specific to the automotive industry in several regions, namely North America, Europe, China, India, Latin America, and the Association of Southeast Asian Nations (ASEAN). The study period is 2022–2023. The blockchain revolution is transforming industries worldwide, and the automotive sector is no exception. Automotive companies experiment with trends such as decentralized autonomous organizations (DAOs) an non-fungible tokens (NFTs) to embrace a new generation of customers or car enthusiasts who like to engage with digital trends that involve the latest technologies. This study analyzes disruptive use cases with limitless opportunities for blockchain in mobility. From fortifying and democratizing automotive data to bolstering vehicle validation, this cutting-edge technology is set to entice car enthusiasts and revolutionize the industry, paving the way for new and innovative business models. However, with these growth opportunities come implementation risks, trust challenges, skill gaps, and regulatory hurdles that limit the potential of blockchain for automotive enrichment.--BEGIN PROMO--

Key Issues Addressed

  • Trends impacting the Automotive blockchain industry
  • Original equipment manufacturers (OEMs) analysis of blockchain use cases in different regions
  • Blockchain adoption analysis in Automotive value chain
  • Connected, Autonomous, Shared and Electric (CASE) and Blockchain Adoption
  • Short Term Use cases
  • Battery Passport
  • Vehicle Identity

Author: Sriram Venkatraman

More Information
Deliverable Type Market Research
Author Sriram Venkatraman
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Blockchain Technology Trends
Keyword 2 Future Trends in Automotive Blockchain
Keyword 3 Smart Contracts in Auto Industry
List of Charts and Figures Automotive Blockchain: Why Blockchain, Global, 2023~ Automotive Blockchain: Industry Challenges, Global, 2023~ Automotive Blockchain: Future of Blockchain, Global, 2023~ Automotive Blockchain: OEMs’ Approach to Adoption, Global, 2022–2023~ Automotive Blockchain: OEMs’ Approach to Adoption, North America (NA) and Europe, 2022–2023~ Automotive Blockchain: OEM Blockchain Priorities, Global, 2023–2028~ Automotive Blockchain: CASE Key Use Cases, Global, 2023–2025~ Automotive Blockchain: OEM CASE Priorities, Global, 2023–2025~ Automotive Blockchain: OEM Use Case Preference, Global, 2023–2025~ Automotive Blockchain: Growth Drivers, Global, 2023–2030~ Automotive Blockchain: Growth Restraints, Global, 2023–2030~ Automotive Blockchain: Vehicle Identity Use Cases, Global, 2023–2026~ Automotive Blockchain: Ford Initiatives, Global, 2019–2020~ Automotive Blockchain: Ford Initiatives, Global, 2020–2023~ Automotive Blockchain: Nissan Initiatives, Global, 2022–2023~ Automotive Blockchain: Nissan Initiatives, Global, 2023~ Automotive Blockchain: Toyota Initiatives, Global, 2019–2020~ Automotive Blockchain: Toyota Initiatives, Global, 2019–2023~ Automotive Blockchain: BMW Initiatives, Global, 2019–2020~ Automotive Blockchain: BMW Initiatives, Global, 2022~ Automotive Blockchain: BMW Initiatives, Global, 2022–2023~ Automotive Blockchain: MB Initiatives, Global, 2020–2022~ Automotive Blockchain: Mercedes-Benz Initiatives, Global, 2022–2023~ Automotive Blockchain: VW Initiatives, Global, 2019–2022~ Automotive Blockchain: VW Initiatives, Global, 2022–2023~ Automotive Blockchain: Stellantis Initiatives, Global, 2019–2022~ Automotive Blockchain: Daimler Group Initiatives, Global, 2018–2019~ Automotive Blockchain: Renault Initiatives, Global, 2017–2022~ Automotive Blockchain: Honda Initiatives, Global, 2019–2023~ Automotive Blockchain: Hyundai Initiatives, Global, 2019–2022~ Automotive Blockchain: Tata Group Initiatives, Global, 2021–2023~ Automotive Blockchain: Volvo Initiatives, Global, 2018–2021~ Automotive Blockchain: Tesla Initiatives, Global, 2021–2022~
Podcast No
WIP Number PECD-01-00-00-00