SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Blockchain in Manufacturing – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 704
Companies: 32 – Players covered include Advanced Micro Devices; Amazon.Com, Inc.; Bigchaindb GmbH; Blockchain Foundry Inc.; Cargox; Chronicled; Electron; Factom; Filament; Grid Singularity and Others.
Coverage: All major geographies and key segments
Segments: Application (Logistics & Supply Chain Management, Predictive Maintenance, Asset Tracking & Management, Business Process Optimization, Other Applications); End-Use (Energy & Power, Industrial, Automotive, Pharmaceuticals, Aerospace & Defense, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Blockchain in Manufacturing Market to Reach $980 Million by 2026
Amid the COVID-19 crisis, the global market for Blockchain in Manufacturing estimated at US$32.6 Million in the year 2020, is projected to reach a revised size of US$980 Million by 2026, growing at a CAGR of 75.6% over the analysis period. Logistics & Supply Chain Management, one of the segments analyzed in the report, is projected to record a 78.4% CAGR and reach US$715.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Predictive Maintenance segment is readjusted to a revised 75.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $16.9 Million in 2021, While China is Forecast to Reach $136.1 Million by 2026
The Blockchain in Manufacturing market in the U.S. is estimated at US$16.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$136.1 Million by the year 2026 trailing a CAGR of 71.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 68% and 64% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 51.1% CAGR.
Asset Tracking & Management Segment to Reach US$154.9 Million by the year 2026
In the global Asset Tracking & Management segment, USA, Canada, Japan, China and Europe will drive the 74.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Million in the year 2020 will reach a projected size of US$186.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.