Automotive End-point Authentication Market: Current Analysis and Forecast (2022-2028)

Automotive End-point Authentication Market: Current Analysis and Forecast (2022-2028)

The Global Automotive End-Point Authentication Market is expected to grow at a significant rate of around 14% during the forecast period. End-point authentication systems are typically used to verify or monitor the identity of external devices connected to the vehicle's network. It ensures that only permitted electronic devices are connected. End-point authentication is essential for networks with a lot of remote users. In addition, an end-point authentication system is used to implement the security system. This system verifies users and checks the incoming connections of end-point devices. Its primary objective is to safeguard automobiles against various cyberattacks. The market's expansion is also being fueled in part by an increase in the number of cyberattacks and the demand for automobile security. Moreover, many of the key industry players are expanding their product portfolio by launching new and advanced products in the market which in turn is driving the growth of the market. For instance, in January 2022, LG Electronics developed a new system that allows car owners to start their vehicle’s ignition by just using facial expressions and finger movements that are recognized by the in-built cameras inside the car.

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 are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Amongst authentication type, biometric vehicle access category to witness robust CAGR during the forecast period”

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 recognized 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.
"Amongst connectivity type, Bluetooth category to witness robust CAGR during the forecast period”

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.
"Amongst vehicle type, the passenger vehicle to hold a significant share in the market in 2020”

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.
"APAC to hold a significant share in the market”

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.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.