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Blockchain in Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

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    Report

  • 179 Pages
  • February 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5847385
Description Jump to:
The global blockchain in manufacturing market is poised for unprecedented growth, with projections indicating a leap from US$0.8 billion in 2022 to a staggering US$35.5 billion by 2030. This remarkable expansion is expected to be driven by key trends and determinants reshaping the industry landscape.

Key Market Trends Fueling Growth

  • Increasing Demand from the Automotive Industry: The automotive industry's rising demand for blockchain technology is identified as a key trend driving market growth. Manufacturers seek to enhance supply chain transparency, improve product quality, and streamline processes, driving adoption across the sector.
  • Supply Chain Optimization and Transparency: Blockchain technology's ability to enhance supply chain transparency and streamline processes is propelling market expansion. Manufacturers are adopting blockchain to meet regulatory requirements, reduce fraud, and ensure product authenticity, driving industry-wide digital transformation.

Key Growth Determinants

  • Growth of Manufacturing Sector: The global manufacturing sector's adoption of advanced technologies like blockchain is fueling market growth. Manufacturers worldwide aim to optimize operations, improve supply chain efficiency, and ensure product quality, driving demand for innovative solutions amidst the industry's digital transformation.
  • Shortage of Skilled Labor: The shortage of skilled labor is pushing manufacturers to adopt automation and digital technologies, driving demand for solutions like blockchain. These technologies enable manufacturers to maintain production levels and competitiveness amidst labor shortages, contributing to market growth.

Major Growth Barriers

  • Security, Privacy, and Control Concerns: Concerns regarding security, privacy, and control pose significant challenges to market growth. As manufacturers adopt IoT and Industry 4.0 technologies, cybersecurity vulnerabilities increase, requiring robust measures to safeguard sensitive data and ensure trust in blockchain solutions.
  • Uncertain Regulatory Compliance: The uncertain regulatory landscape presents compliance complexities for manufacturers. Rapid changes in regulations across industries demand agility and investments in compliance management solutions, impacting decision-making and market growth.

Key Trends and Opportunities

  • Supply Chain Transparency: Blockchain enables end-to-end visibility into supply chain operations, enhancing accountability and reducing the risk of fraud or errors. Manufacturers leverage this transparency to optimize operations and ensure product authenticity.
  • IoT Integration: Integration of IoT with blockchain enhances supply chain visibility and quality control, reducing the risk of counterfeit goods and optimizing operations.
  • Decentralized Manufacturing: Decentralized manufacturing fosters trust and innovation, reducing costs and administrative overhead by enabling peer-to-peer manufacturing processes.

Regional Frontrunners

North America: Leading the global market, North America benefits from a mature manufacturing sector, regulatory support, and a strong tech ecosystem, driving adoption and innovation.

Asia Pacific: Set for rapid growth, Asia Pacific's expanding manufacturing sector and government initiatives promote blockchain adoption to enhance supply chain efficiency and quality control.

Competitive Landscape Analysis

The global blockchain in manufacturing market is characterized by consolidation, with major players introducing innovative products and expanding distribution channels to enhance their global presence.

Leaders in the Global Blockchain in Manufacturing Space

  • IBM
  • Microsoft
  • Oracle
  • SAP
  • Amazon Web Services
  • Huawei
  • Intel
  • Wipro
  • Blockchain App Factory
  • R3
  • Adept Minds
  • Factom
  • Chronicled
  • SyncFab
  • Skuchain

Global Blockchain in Manufacturing Market is Segmented as Below:

By Application:

  • Business Process Optimisation
  • Logistics & Supply Chain Management
  • Counterfeit Management
  • Quality Control & Compliance
  • Miscellaneous

By End-use Industry:

  • Automotive
  • Energy & Power
  • Industrial
  • Pharmaceuticals
  • Miscellaneous

By Geographic Coverage:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa


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Table of Contents

1. Executive Summary
1.1. Global Blockchain in Manufacturing Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Blockchain in Manufacturing Market Outlook, 2018 - 2030
3.1. Global Blockchain in Manufacturing Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Business Process Optimization
3.1.1.2. Logistics & Supply Chain Management
3.1.1.3. Counterfeit Management
3.1.1.4. Quality Control & Compliance
3.1.1.5. Misc.
3.2. Global Blockchain in Manufacturing Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Automotive
3.2.1.2. Energy & Power
3.2.1.3. Industrial
3.2.1.4. Pharmaceuticals
3.2.1.5. Misc.
3.3. Global Blockchain in Manufacturing Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Blockchain in Manufacturing Market Outlook, 2018 - 2030
4.1. North America Blockchain in Manufacturing Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Business Process Optimization
4.1.1.2. Logistics & Supply Chain Management
4.1.1.3. Counterfeit Management
4.1.1.4. Quality Control & Compliance
4.1.1.5. Misc.
4.2. North America Blockchain in Manufacturing Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Automotive
4.2.1.2. Energy & Power
4.2.1.3. Industrial
4.2.1.4. Pharmaceuticals
4.2.1.5. Misc.
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Blockchain in Manufacturing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. U.S. Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
4.3.1.2. U.S. Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
4.3.1.3. Canada Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
4.3.1.4. Canada Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Blockchain in Manufacturing Market Outlook, 2018 - 2030
5.1. Europe Blockchain in Manufacturing Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Business Process Optimization
5.1.1.2. Logistics & Supply Chain Management
5.1.1.3. Counterfeit Management
5.1.1.4. Quality Control & Compliance
5.1.1.5. Misc.
5.2. Europe Blockchain in Manufacturing Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Automotive
5.2.1.2. Energy & Power
5.2.1.3. Industrial
5.2.1.4. Pharmaceuticals
5.2.1.5. Misc.
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Blockchain in Manufacturing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Germany Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
5.3.1.2. Germany Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.1.3. U.K. Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
5.3.1.4. U.K. Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.1.5. France Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
5.3.1.6. France Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.1.7. Italy Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
5.3.1.8. Italy Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.1.9. Turkey Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
5.3.1.10. Turkey Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.1.11. Russia Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
5.3.1.12. Russia Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.1.13. Rest of Europe Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
5.3.1.14. Rest of Europe Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Blockchain in Manufacturing Market Outlook, 2018 - 2030
6.1. Asia Pacific Blockchain in Manufacturing Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Business Process Optimization
6.1.1.2. Logistics & Supply Chain Management
6.1.1.3. Counterfeit Management
6.1.1.4. Quality Control & Compliance
6.1.1.5. Misc.
6.2. Asia Pacific Blockchain in Manufacturing Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Automotive
6.2.1.2. Energy & Power
6.2.1.3. Industrial
6.2.1.4. Pharmaceuticals
6.2.1.5. Misc.
6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Blockchain in Manufacturing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. China Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
6.3.1.2. China Blockchain in Manufacturing Market by End-use Industry, Value (US$ Mn), 2018 - 2030
6.3.1.3. Japan Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
6.3.1.4. Japan Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.3.1.5. South Korea Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
6.3.1.6. South Korea Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.3.1.7. India Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
6.3.1.8. India Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.3.1.9. Southeast Asia Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
6.3.1.10. Southeast Asia Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.3.1.11. Rest of Asia Pacific Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
6.3.1.12. Rest of Asia Pacific Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Blockchain in Manufacturing Market Outlook, 2018 - 2030
7.1. Latin America Blockchain in Manufacturing Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Business Process Optimization
7.1.1.2. Logistics & Supply Chain Management
7.1.1.3. Counterfeit Management
7.1.1.4. Quality Control & Compliance
7.1.1.5. Misc.
7.2. Latin America Blockchain in Manufacturing Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Automotive
7.2.1.2. Energy & Power
7.2.1.3. Industrial
7.2.1.4. Pharmaceuticals
7.2.1.5. Misc.
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Blockchain in Manufacturing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Brazil Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
7.3.1.2. Brazil Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.3.1.3. Mexico Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
7.3.1.4. Mexico Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.3.1.5. Argentina Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
7.3.1.6. Argentina Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.3.1.7. Rest of Latin America Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
7.3.1.8. Rest of Latin America Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Blockchain in Manufacturing Market Outlook, 2018 - 2030
8.1. Middle East & Africa Blockchain in Manufacturing Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Business Process Optimization
8.1.1.2. Logistics & Supply Chain Management
8.1.1.3. Counterfeit Management
8.1.1.4. Quality Control & Compliance
8.1.1.5. Misc.
8.2. Middle East & Africa Blockchain in Manufacturing Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Automotive
8.2.1.2. Energy & Power
8.2.1.3. Industrial
8.2.1.4. Pharmaceuticals
8.2.1.5. Misc.
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Blockchain in Manufacturing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. GCC Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
8.3.1.2. GCC Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.3.1.3. South Africa Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
8.3.1.4. South Africa Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.3.1.5. Egypt Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
8.3.1.6. Egypt Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.3.1.7. Nigeria Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
8.3.1.8. Nigeria Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.3.1.9. Rest of Middle East & Africa Blockchain in Manufacturing Market Application, Value (US$ Mn), 2018 - 2030
8.3.1.10. Rest of Middle East & Africa Blockchain in Manufacturing Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs Application Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. IBM
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Microsoft
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Oracle
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. SAP
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Amazon Web Services
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Huawei
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Intel
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Wipro
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Blockchain App Factory
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. R3
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. Adept Minds
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
9.4.12. Factom
9.4.12.1. Company Overview
9.4.12.2. Product Portfolio
9.4.12.3. Financial Overview
9.4.12.4. Business Strategies and Development
9.4.13. Chronicled
9.4.13.1. Company Overview
9.4.13.2. Product Portfolio
9.4.13.3. Financial Overview
9.4.13.4. Business Strategies and Development
9.4.14. SyncFab
9.4.14.1. Company Overview
9.4.14.2. Product Portfolio
9.4.14.3. Financial Overview
9.4.14.4. Business Strategies and Development
9.4.15. Skuchain
9.4.15.1. Company Overview
9.4.15.2. Product Portfolio
9.4.15.3. Financial Overview
9.4.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • IBM
  • Microsoft
  • Oracle
  • SAP
  • Amazon Webs Services
  • Huawei
  • Intel
  • Wipro
  • Blockchain App Factory
  • R3
  • Adept Minds
  • Factom
  • Chronicled
  • SyncFab
  • Skuchain

Methodology

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