Study: Blockchain Market in Automotive & Aerospace Industries to Reach Over $20B by 2029
Cointelegraph
Published Jun 13, 2019 07:44PM ET
Updated Jun 13, 2019 08:02PM ET
Study: Blockchain Market in Automotive & Aerospace Industries to Reach Over $20B by 2029
The blockchain market in the automotive and aerospace fields will reach over $20 billion by 2029, according to a recent report from market research project Reportlinker published on June 13.
The analysis projects that blockchain applications in the automotive and aerospace and aviation industries will grow at a compound annual growth rate of 60.35% between 2019 and 2029. The study sees blockchain features such as transparency, fast transaction settlements, and removal of risk of fraud as major growth drivers. The report reads:
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Written By: Cointelegraph
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