Introduction
The automotive blockchain market size was USD 0.5 billion in 2024 and is likely to grow at a CAGR of 34.2% during 2024–2031 to reach USD 3.75 billion in 2031, according to Stratview Research automotive blockchain market . Blockchain technology is transforming the automotive sector by enabling secure, transparent, and efficient data management across vehicle ecosystems. Its applications range from connected and autonomous vehicles to supply chain management, mobility services, and secure digital transactions.

Key Features

• Decentralized and tamper-proof data management
• Enhanced cybersecurity for connected and autonomous vehicles
• Real-time vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication
• Smart contract capabilities for vehicle leasing, fleet management, and payments
• Integration with emerging technologies such as IoT and AI

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Applications
Blockchain is increasingly used in connected vehicles, autonomous vehicle platforms, supply chain transparency, usage-based insurance, and secure mobility payments. It also supports smart contracts for maintenance tracking, fleet operations, and digital vehicle identity verification, improving operational efficiency and trust among stakeholders.

Trends
The market is witnessing growing adoption of cloud-based blockchain platforms, AI-powered predictive analytics, and blockchain-enabled over-the-air (OTA) updates. Increased regulatory focus on vehicle data security and digital traceability is driving further implementation.

Opportunities
Emerging markets, particularly in Asia-Pacific, offer strong growth potential due to rising connected vehicle adoption and digital infrastructure expansion. Strategic partnerships between OEMs, tech companies, and blockchain providers are expected to accelerate deployment across the automotive ecosystem.

Conclusion
With its ability to enhance security, transparency, and operational efficiency, blockchain is set to play a pivotal role in the automotive industry. Its expanding applications in connected vehicles, supply chain management, and digital mobility services position it as a key enabler of next-generation mobility and innovation.