Article -> Article Details
| Title | Blockchain In Manufacturing Market Share, Growth Analysis, Industry Trends & Forecast 2025-2033 |
|---|---|
| Category | Sciences --> Technology |
| Meta Keywords | Blockchain In Manufacturing Market |
| Owner | akshaykumar |
| Description | |
| Market Overview The global blockchain in manufacturing market was valued at USD 3,027.9 Million in 2024 and is projected to reach USD 95,576.9 Million by 2033, growing at a CAGR of 46.8% during 2025-2033. North America leads the market with over 37.0% share in 2024, driven by technological advancements and strong adoption in supply chain transparency and security. Increasing use of blockchain for collaborative planning, forecasting, and replenishment as well as integration with IoT and Industry 4.0 further accelerates growth. Study Assumption Years
Blockchain in Manufacturing Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/blockchain-in-manufacturing-market/requestsample Market Growth Factors The blockchain technology in manufacturing market is mainly driven by the growing demand for traceability and transparency in the supply chain. Blockchain is becoming increasingly popular in manufacturing as an efficient method of real-time product tracking through its decentralized and immutable ledger. Thus, the technology supports quality assurance and compliance with regulations, particularly in the food, and pharmaceuticals, etc. sectors. Besides this, the technology's integration with IoT and Industry 4.0 facilitates the establishment of better partnerships among the stakeholders, which has a favorable effect on market growth. Preventing counterfeiting and product authentication are also reasons for the market growth. The manufacturers who adopt blockchain technology can maintain secure, permanent records showing the whole journey of a product, thus confirming its origin and legitimacy through RFID tags and QR codes in real time. This not only helps to reduce economic losses and health risks due to counterfeit goods, but also protects the reputation of the brand and builds consumer trust, especially as the global and e-commerce markets become more complicated. The blockchain technology seems to be the answer for improved supply chain efficiency, whereas traditional supply chains are struggling with fragmented data and information silos. According to the Center for Global Enterprise, using blockchain can cut procurement costs by as much as 20% thanks to a shared real-time platform provided by the distributed ledger. On the other hand, smart contracts can handle the execution of transactions and payments, which means there is less paperwork and fewer intermediaries, thus leading to a quicker time-to-market. Sharing data in real-time can be very beneficial for demand forecasting and inventory management, thus wastage is reduced and resources are optimized, which is very important in industries that need to respond to the market quickly. Market Segmentation By Provider:
Infrastructure and protocols providers lead with around 60.0% market share in 2024, forming foundational blockchain infrastructure essential for manufacturing's complex supply chains. By Application:
Logistics and supply chain management dominate due to blockchain’s decentralized ledger ensuring tamper-proof records that drive traceability, collaboration, and demand forecasting. By End User:
Electronics and semiconductor lead in 2024, given their complex supply chains, IP protection needs, and benefits from blockchain-enabled collaboration and security. Regional Insights North America is the largest market region in 2024, representing over 37.0% market share. The region’s robust infrastructure, supportive regulatory frameworks for blockchain and cryptocurrency, and significant government and private investments boost its position. The U.S. especially drives demand with pharmaceutical sector growth and advanced blockchain adoption for supply chain transparency and anti-fraud measures. Recent Developments & News December 2024: GCL Energy Technology and Ant Digital Technologies launched China’s first blockchain-based Real World Asset (RWA) project in the photovoltaic sector, raising 200 Million yuan in cross-border financing, advancing green project funding. December 2024: Worldwide Asset eXchange (WAX) partnered with Amazon Web Services (AWS) to release the WAX AWS Cloud Development Kit (CDK), enabling scalable custom Layer 2 blockchain solutions. October 2024: Microsoft Azure expanded its Blockchain as a Service (BaaS) offerings, enabling businesses to develop and deploy blockchain applications rapidly without extensive infrastructure management. September 2024: Google Cloud introduced a Blockchain RPC service to facilitate scalable and reliable blockchain data interaction for Web3 developers. September 2024: The Ministry of Electronics and Information Technology (MeitY), India, launched Vishvasya-Blockchain Technology Stack offering Blockchain-as-a-Service with distributed infrastructure to support permissioned blockchain applications. Key Players
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