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Blockchain in Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global blockchain in manufacturing market reached a value of US$ 717.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17,047.8 Million by 2027, exhibiting a CAGR of 66.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Blockchain is a decentralized, unchangeable ledger used to record transactions, track assets, and establish trust between two or more business entities. It provides immediate, shared, and transparent information that can be accessed by permissioned network members. It generates an unchangeable record of transactions with end-to-end encryption that prevents fraud and unauthorized activity. It can address privacy concerns efficiently as compared to traditional computer systems by anonymizing data. Presently, there is a rise in the demand for blockchain solutions in the manufacturing sector to streamline operations, gain greater visibility into the supply chain, and track assets with unprecedented precision.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Blockchain in Manufacturing Market Trends:

The advent of industry 4.0, along with rapid technological advancements in the manufacturing industry, represents one of the key factors driving the market. Moreover, key market players are extensively investing in blockchain technology to produce smart home solutions, such as smart meters. This, along with the rising employment of blockchain solutions in manufacturing processes to reduce the lead time and lower production costs, is propelling the growth of the market. In addition, suppliers are integrating internet of things (IoT) sensors with blockchain to create a tamper-proof record of shipping conditions on cargo containers. This, coupled with the increasing application of blockchain technology to store and analyze data of manufacturing equipment and products, is positively influencing the market. Besides this, blockchain technology in the manufacturing sector helps trading partners make processes more transparent with the implementation of smart contracts. Additionally, the rising utilization of blockchain technology for payments and digital identities of individuals in the manufacturing sector is projected to strengthen the growth of the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain in manufacturing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on provider, application and end user.

Breakup by Provider:

  • Middleware Providers
  • Infrastructure and Protocols Providers
  • Applications and Solution Providers
     

Breakup by Application:

 

 
 

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  • Logistics and Supply Chain Management
  • Counterfeit Management
  • Quality Control and Compliance
  • Others
     

Breakup by End User:

  • Automotive
  • Aerospace and Defense
  • Pharmaceutical
  • Electronics and Semiconductor
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Wipro Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Provider, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Accenture plc, Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Wipro Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Blockchain in Manufacturing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Provider
    6.1    Middleware Providers
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Infrastructure and Protocols Providers
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Applications and Solution Providers
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Logistics and Supply Chain Management
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Counterfeit Management
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Quality Control and Compliance
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End User
    8.1    Automotive
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aerospace and Defense
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Pharmaceutical
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Electronics and Semiconductor
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Accenture plc
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Advanced Micro Devices Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Amazon Web Services Inc. (Amazon.com Inc.)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 SWOT Analysis
        14.3.4    Infosys Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Intel Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    International Business Machines Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Microsoft Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Oracle Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    SAP SE
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Wipro Limited
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Blockchain in Manufacturing Market: Major Drivers and Challenges
Figure 2: Global: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Blockchain in Manufacturing Market: Breakup by Provider (in %), 2021
Figure 5: Global: Blockchain in Manufacturing Market: Breakup by Application (in %), 2021
Figure 6: Global: Blockchain in Manufacturing Market: Breakup by End User (in %), 2021
Figure 7: Global: Blockchain in Manufacturing Market: Breakup by Region (in %), 2021
Figure 8: Global: Blockchain in Manufacturing (Middleware Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Blockchain in Manufacturing (Middleware Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Blockchain in Manufacturing (Infrastructure and Protocols Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Blockchain in Manufacturing (Infrastructure and Protocols Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Blockchain in Manufacturing (Applications and Solution Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Blockchain in Manufacturing (Applications and Solution Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Blockchain in Manufacturing (Logistics and Supply Chain Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Blockchain in Manufacturing (Logistics and Supply Chain Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Blockchain in Manufacturing (Counterfeit Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Blockchain in Manufacturing (Counterfeit Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Blockchain in Manufacturing (Quality Control and Compliance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Blockchain in Manufacturing (Quality Control and Compliance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Blockchain in Manufacturing (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Blockchain in Manufacturing (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Blockchain in Manufacturing (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Blockchain in Manufacturing (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Blockchain in Manufacturing (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Blockchain in Manufacturing (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Blockchain in Manufacturing (Pharmaceutical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Blockchain in Manufacturing (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Blockchain in Manufacturing (Electronics and Semiconductor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Blockchain in Manufacturing (Electronics and Semiconductor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Blockchain in Manufacturing (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Blockchain in Manufacturing (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Blockchain in Manufacturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Blockchain in Manufacturing Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Blockchain in Manufacturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Blockchain in Manufacturing Industry: SWOT Analysis
Figure 82: Global: Blockchain in Manufacturing Industry: Value Chain Analysis
Figure 83: Global: Blockchain in Manufacturing Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Blockchain in Manufacturing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Blockchain in Manufacturing Market Forecast: Breakup by Provider (in Million US$), 2022-2027
Table 3: Global: Blockchain in Manufacturing Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Blockchain in Manufacturing Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Blockchain in Manufacturing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Blockchain in Manufacturing Market: Competitive Structure
Table 7: Global: Blockchain in Manufacturing Market: Key Players


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Key Questions Answered in This Report

The global blockchain in manufacturing market was valued at US$ 717.6 Million in 2021.

We expect the global blockchain in manufacturing market to exhibit a CAGR of 66.40% during 2022-
2027.

The advent of Industry 4.0 trend, coupled with the rising adoption of blockchain solutions in
manufacturing sector to reduce production time and costs, is primarily driving the global blockchain in
manufacturing market.

The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of blockchain
technology for secured payments and digital identities of individuals in the manufacturing sector, to
administer the operations remotely during the lockdown regulations.

Based on the provider, the global blockchain in manufacturing market can be segmented into
middleware providers, infrastructure and protocols providers, and applications and solution providers.
Currently, infrastructure and protocols providers hold the majority of the total market share.

Based on the application, the global blockchain in manufacturing market has been divided into logistics
and supply chain management, counterfeit management, quality control and compliance, and others.
Among these, logistics and supply chain management currently exhibits a clear dominance in the
market.

Based on the end user, the global blockchain in manufacturing market can be categorized into
automotive, aerospace and defense, pharmaceutical, electronics and semiconductor, and others.
Currently, the electronics and semiconductor sector accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global blockchain in manufacturing market include Accenture plc,
Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Infosys Limited, Intel
Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation,
SAP SE, and Wipro Limited.

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