Blockchain in Manufacturing Market Analysis, Outlook, Forecast 2024-2032
According to IMARC Group latest report titled “Blockchain in Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on global blockchain in manufacturing market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global blockchain in manufacturing market size reached US$ 2,036.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 79,246.3 Million by 2032, exhibiting a growth rate (CAGR) of 48.7% during 2024-2032.
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The global blockchain in manufacturing market size reached US$ 2,036.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 79,246.3 Million by 2032, exhibiting a growth rate (CAGR) of 48.7% during 2024-2032.
Request to Get the Sample Report: https://www.imarcgroup.com/blockchain-in-manufacturing-market/requestsample
Factors Affecting the Growth of the Global Blockchain in Manufacturing Industry:
- Enhanced Transparency and Traceability:
- Cost Reduction and Efficiency Gains:
- Supply Chain Resilience and Risk Mitigation:
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Global Blockchain in Manufacturing Market Report Segmentation:
By Provider:
By Application:
Logistics and supply chain management represent the largest application segment, as blockchain technology offers enhanced transparency, traceability, and efficiency in managing complex manufacturing supply chains.
By End User:
The electronics and semiconductor industry dominates the end-user segment in the global market, as it leverages blockchain for quality control, anti-counterfeiting measures, and supply chain optimization.
Regional Insights:
North America emerges as the largest market region due to its early adoption of blockchain technology, a thriving manufacturing sector, and a strong ecosystem of technology providers and users.
Global Blockchain in Manufacturing Market Trends:
Manufacturers can use blockchain to record detailed information about each component used in the production process, including supplier data, manufacturing conditions, and quality control checks. This data is immutable and can be accessed by relevant stakeholders, including regulators, ensuring compliance with industry standards and regulations. Additionally, blockchain helps prevent counterfeiting and unauthorized replication of products. Unique identifiers, such as QR codes or RFID tags linked to blockchain records, can be attached to products. Consumers and supply chain participants can scan these identifiers to verify the authenticity of a product, ensuring that counterfeit products are easily identified and eliminated from the market.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
- 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
- Wipro Limited
Global Blockchain in Manufacturing Market Report Segmentation:
By Provider:
- Middleware Providers
- Infrastructure and Protocols Providers
- Applications and Solution Providers
By Application:
- Logistics and Supply Chain Management
- Counterfeit Management
- Quality Control and Compliance
- Others
Logistics and supply chain management represent the largest application segment, as blockchain technology offers enhanced transparency, traceability, and efficiency in managing complex manufacturing supply chains.
By End User:
- Automotive
- Aerospace and Defense
- Pharmaceutical
- Electronics and Semiconductor
- Others
The electronics and semiconductor industry dominates the end-user segment in the global market, as it leverages blockchain for quality control, anti-counterfeiting measures, and supply chain optimization.
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
North America emerges as the largest market region due to its early adoption of blockchain technology, a thriving manufacturing sector, and a strong ecosystem of technology providers and users.
Global Blockchain in Manufacturing Market Trends:
Manufacturers can use blockchain to record detailed information about each component used in the production process, including supplier data, manufacturing conditions, and quality control checks. This data is immutable and can be accessed by relevant stakeholders, including regulators, ensuring compliance with industry standards and regulations. Additionally, blockchain helps prevent counterfeiting and unauthorized replication of products. Unique identifiers, such as QR codes or RFID tags linked to blockchain records, can be attached to products. Consumers and supply chain participants can scan these identifiers to verify the authenticity of a product, ensuring that counterfeit products are easily identified and eliminated from the market.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800