Blockchain in Manufacturing Market Size and Report 2023-2028

Blockchain in Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5350

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Market Overview:

The global blockchain in manufacturing market size reached US$ 1,245 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 26,717 Million by 2028, exhibiting a growth rate (CAGR) of 63.6% during 2023-2028.

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.

Note: Information in the above chart consists of dummy data and is 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 report, along with forecasts at the global, regional and country level from 2023-2028. 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:

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

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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	2022
Historical Period	2017-2022
Forecast Period	2023-2028
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)

Key Questions Answered in This Report

The global blockchain in manufacturing market was valued at US$ 1,245 Million in 2022.

We expect the global blockchain in manufacturing market to exhibit a CAGR of 63.6% during 2023-2028.

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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