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Growth Opportunities and Use Cases for Blockchain in Automotive

  • Report

  • 75 Pages
  • October 2023
  • Region: Global
  • Frost & Sullivan
  • ID: 5899058

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

This report presents the 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) and 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 the Automotive value chain
  • Connected, Autonomous, Shared, and Electric (CASE) and Blockchain Adoption
  • Short Term Use cases
  • Battery Passport
  • Vehicle Identity

Table of Contents

1 Strategic Imperatives
  • 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™
2 Growth Environment
  • 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
3 Scope
  • Research Scope
  • Key Definitions
  • Growth Drivers
  • Growth Restraints
4 Automotive Blockchain - Use Cases and Opportunities
  • Driver Behavior Contextual Learning
  • Connected Mobility
  • V2X
  • Safer Roads Through Connectivity
  • Blockchain-secured Location Sharing
  • Delegated Access Control
  • EV Charging
5 Vehicle Identification Overview and Analysis
  • Vehicle Identity Use Cases
  • VID Standards - Stakeholder Use Case Matrix
  • VID Use Cases Adoption Analysis (2023-2026)
6 Automotive OEM Profiles - Blockchain Initiatives, Engagements, and Roadmaps
  • Ford - Blockchain Strategy Initiatives and Roadmap
  • Nissan - Blockchain Strategy Initiatives and Roadmap
  • Toyota - Blockchain Strategy Initiatives and Roadmap
  • BMW - Blockchain Strategy Initiatives and Roadmap
  • MB - Blockchain Strategy Initiatives and Roadmap
  • Volkswagen (VW) - Blockchain Strategy Initiatives and Roadmap
  • 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
7 Conclusion
8 Growth Opportunity Universe
  • Growth Opportunity 1 - Blockchain-based Supply Chain Solutions
  • Growth Opportunity 2 - Battery Passports and EVs
  • Growth Opportunity 3 - Data Monetization, VID, and P2P
9 Next Steps
  • Your Next Steps
  • List of Exhibits
  • Legal Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BMW
  • Daimler Group
  • Ford
  • Honda
  • Hyundai Group
  • MB
  • Nissan
  • Renault
  • Stellantis
  • Tata Group
  • Tesla
  • Toyota
  • Volkswagen (VW)
  • Volvo