Blockchain In Manufacturing Market Size, Share, Growth Analysis, By Application(Predictive Maintenance, Logistics and Supply Chain Management, Counterfeit Management, Business Process Optimization), By End users(Automotive, Textile and Clothing, Aerospace and Defense, Pharmaceuticals), By Region - Industry Forecast 2024-2031

Global Blockchain in Manufacturing Market size was valued at USD 542.56 Million in 2022 and is poised to grow from USD 931.79 Million in 2023 to USD 70058.5 Million by 2031, growing at a CAGR of 71.6% in the forecast period (2024-2031).  

The manufacturing industry is undergoing a digital revolution, and this trend is projected to bolster the demand for blockchain in manufacturing over the coming years. From supply chain management to process optimization, almost all aspects of manufacturing can benefit from the adoption of Blockchain technology. Growing use of smart technologies and smart manufacturing practices are also expected to help market growth in the future. Deployment of Blockchain helps improve traceability and transparency in the manufacturing industry which is crucial to maintain regulatory compliance and ensure quality standards are met. Moreover, the high adoption of automation and other Industry 4.0 trends will also create new opportunities for blockchain in manufacturing companies going forward. On the other hand, complexity in integration, data privacy concerns, and high costs of deployment are all expected to impede blockchain in manufacturing demand outlook in the long run. 

US Blockchain In Manufacturing Market is poised to grow at a sustainable CAGR for the next forecast year.