Blockchain technology in manufacturing market is anticipated to grow at a significant CAGR of 68.0% during the forecast period. Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain. The technology supports the creation of an unalterable or immutable ledger for tracking orders, payments, accounts, and other transactions. The integration of emerging technologies such as IoT, AI and 5G and the growing need to improve asset tracking and supply chain management are leading factors for the growth of blockchain technology in manufacturing.
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For instance, in October 2021, H&M, a Swedish-based multinational clothing company, launched a blockchain-enabled clothing rental service which has scannable IoT labels on the products. The technology is used by customers for instant selection of products by scanning IoT-connected stickers with their smartphones. Thus renting alongside innovation in materials is helping create sustainable consumption patterns.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Blockchain in Manufacturing Market by Application
- Predictive Maintenance
- Asset Tracking and Management
- Business Process Optimization
- Logistics and Supply Chain Management
- Real-Time Workforce Tracking and Management
- Quality Control and Compliance
- Counterfeit Management
Global Blockchain in Manufacturing Market By End-Use
- Energy & Power
- Industrial
- Automotive
- Pharmaceuticals
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Micro Devices, Inc.
- Com, Inc.
- Bigchaindb GmbH
- Blockchain Foundry Inc.
- Chronicled, Inc.
- Factom, Inc.
- Grid Singularity GmbH
- LO3 Energy, Inc.
- Riddle&Code GmbH
- ShipChain Inc.
- Wipro Ltd.
- Xain AG.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blockchain technology in manufacturing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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