Drive Demand for Automotive End-Point Authentication Solutions
According to a new report published by UnivDatos Markets Insights, the Automotive end-point authentication Market was valued at more than USD 1 billion in 2020 and is expected to grow at a CAGR of around 14% from 2022-2028. The analysis has been segmented into Authentication Type (Automotive Wearables, Biometric Vehicle Access, and Smartphone Applications); Connectivity Type (Bluetooth, Wi-Fi, and Cellular Network); Vehicle Type (Passenger Vehicle and Commercial Vehicle); Region/Country.
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The automotive end-point authentication market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the automotive end-point authentication market. The automotive end-point authentication market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the automotive end-point authentication market at the global and regional levels.
Market Overview
The Global Automotive End-Point Authentication Market is expected to grow at a significant rate of around 14% during the forecast period. The systems for end-point authentication are typically used to confirm or monitor the identity of external devices linked to the network of the vehicle. It guarantees that only permitted electronic devices are connected. For networks with numerous remote users, end-point authentication is crucial. Moreover, an end-point authentication system, which verifies users and checks the incoming connections of end-point devices, is also used to implement this system. Its main goal is to protect automobiles from various cyberattack assaults. Thus, the increased cyberattack intrusion and the increased demand for security in automobiles are some of the major factors driving the growth of the market. Furthermore, promulgating strategic alliances among the industry players to advance biometric authentication is also fueling the growth of the market. For instance, in September 2022, trinamiX has formed a partnership with Spain-based Grupo Antolin to integrate face biometrics for driver authentication into the latter’s product portfolio.
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Some of the major players operating in the market include Continental AG, Hitachi Ltd., Garmin Ltd., Synaptics Incorporated, Samsung Electronics Co. Ltd., Fujitsu Limited, Fitbit Inc., NortonLifeLock Inc, HID Global Corporation, and Voxx International Corporation.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. The automotive end-point authentication market has been significantly affected during the pandemic owing to the temporary halt in production units and disruption in supply chains across the globe.
The global automotive end-point authentication market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on authentication type, the market is segmented into automotive wearables, biometric vehicle access, and smartphone applications. Among all these, the biometric segment is to witness a higher CAGR in the forecast period as biometrics in cars is recognised to benefit locking systems, determine criminal assaults, and improve the overall accuracy of the security system. Additionally, because of the improved accuracy, many luxury automakers are implementing biometric technology to strengthen vehicle security.
· On the basis of connectivity type, the market is categorized into bluetooth, WiFi, and cellular network. Among these, the bluetooth category is to hold a significant share of the market in 2020 owing to various advantages provided by bluetooth authentication such as hands-free calling, data tethering and apps, and audio streaming.
· Based on vehicle type, the automotive end-point authentication market has been classified into passenger vehicles and commercial vehicles. The passenger vehicle category is to witness higher adoption during the forecast period. This is mainly due to the growing demand and production of vehicles, the growing disposable income of the population and the large pipeline of vehicles in the market is driving the growth of the segment.
Have a Look at the Chapters
Automotive end-point authentication Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
For a better understanding of the market adoption of the Automotive end-point authentication industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. Some of the main driving forces behind the market's expansion are rising safety concerns and rising demand for passenger cars in developing nations like India and China. Also, the increased production of electric vehicles and smartphone adoption in the region are some of the prominent factors that are positively influencing the market growth in the region. Furthermore, APAC is expected to grow quickly during the forecast period due to the high penetration of end-point authentication systems and the fact that the majority of vehicles in the region are outfitted with high-end electronics and safety features.
The major players targeting the market include
· Continental AG
· Hitachi Ltd.
· Garmin Ltd.
· Synaptics
· Samsung Electronics Co. Ltd.
· Fujitsu Limited
· Fitbit Inc.
· NortonLifeLock Inc
· HID Global Corporation
· Voxx International Corporation
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Automotive end-point authentication market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the automotive end-point authentication market?
• Which factors are influencing the automotive end-point authentication market over the forecast period?
• What are the global challenges, threats, and risks in the automotive end-point authentication market?
• Which factors are propelling and restraining the automotive end-point authentication market?
• What are the demanding global regions of the automotive end-point authentication market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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