Global Blockchain in Manufacturing Market

Global Blockchain In Manufacturing Market Size, Share, Growth Analysis, By Application(Business Process Optimization, Logistics), By End users(Automotive, Energy & Power), By Provider(Middleware Providers, Infrastructure) - Industry Forecast 2024-2031

Report ID: SQSG45D2027 | Region: Global | Published Date: February, 2024
Pages: 245 | Tables: 94 | Figures: 76

Global Blockchain In Manufacturing Market Insights

Blockchain In Manufacturing Market size was valued at USD 542.56 million in 2019 and is poised to grow from USD 931.79 million in 2023 to USD 70058.5 million by 2031, growing at a CAGR of 71.6% in the forecast period (2024-2031).

Manufacturing firms are currently digitally modernising their operations and integrating a wide range of systems and applications. They must also take into account the information that is shared across corporate boundaries. Blockchain  technology has the power to completely alter how traditional production is identified. The use of blockchain technology in the manufacturing industry helps trading partners have instantaneous, low-cost confidence in the legitimacy of the other party in any financial or trading connection. The implementation of blockchain technology may also benefit the manufacturing sector by increasing supply chain security and process transparency. With the development and application of smart contracts, it can also be applied in B2B scenarios.

Significant growth opportunities for the blockchain industry in the manufacturing sector are provided by the development of 3D printing technology, the transformation of global trade and supply chain management, and the widespread use of blockchain technology for payments, smart contracts, and digital identities.

US Blockchain In Manufacturing Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Blockchain In Manufacturing Market size was valued at USD 542.56 million in 2019 and is poised to grow from USD 931.79 million in 2023 to USD 70058.5 million by 2031, growing at a CAGR of 71.6% in the forecast period (2024-2031).

Global Blockchain in Manufacturing Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Microsoft Corporation ', 'IBM', 'Intel Corporation', 'Amazon Web Services', 'Oracle Corporation', 'SAP SE', 'Blockchain Foundry Inc.', 'Factom', 'Chain Inc.', 'Wipro Limited', 'Accenture', 'Bitfury Group', 'Chronicled', 'Filament', 'Guardtime', 'LO3 Energy', 'RIDDLE&CODE', 'Syncronology', 'Virtual Operations', 'XAIN AG'

Increasing demand for real-time and proactive maintenance

The used of Electronics and Semiconductor Vertical is creating new trend for the blockchain. To cut the lead time and lower the production cost, it is necessary to improve the supply chain’s material integrity, demand for parts, and complex manufacturing processes. Blockchain might be used in a variety of ways at each level of the manufacturing process for semiconductors and devices to speed up operations and address security concerns.

North America dominated the global market and held largest market share. Implementation of blockchain technology in the manufacturing sector in the region is boosting the revenue share. The North American region has a strong and stable economy, which enables it to make significant investments in the creation of cutting-edge manufacturing technologies, which will fuel the region's growth in the coming years.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Blockchain in Manufacturing Market

Report ID: SQMIG45D2082 | Region: Global | Published Date: February, 2024 | Pages: 242 | Tables: 120 | Figures: 77

Global Digital Check Scanning Solutions Market
Buy Now GET FREE SAMPLE
Global Blockchain in Manufacturing Market

Report ID: SQMIG45D2048 | Region: Global | Published Date: February, 2024 | Pages: 242 | Tables: 88 | Figures: 76

Global Virtual Reality in Gaming Market
Buy Now GET FREE SAMPLE
Global Blockchain in Manufacturing Market

Report ID: SQMIG45D2045 | Region: Global | Published Date: February, 2024 | Pages: 255 | Tables: 92 | Figures: 76

Global Same Day Delivery Market
Buy Now GET FREE SAMPLE
Global Blockchain in Manufacturing Market

Report ID: UCMIG45D2019 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Smart Infrastructure Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Blockchain in Manufacturing Market

Product ID: SQSG45D2027

$5,300
BUY NOW GET FREE SAMPLE