USD 3004.51 million
Report ID: SQSG25A2005 | Region: Global | Published Date: July, 2023 | Pages: 165 | Tables: 116 | Figures: 77
Global Automotive Endpoint Authentication Market size was valued at USD 3004.51 million in 2021 and is poised to grow from USD 3444.49 million in 2022 to USD 3444.49 million by 2030, growing at a CAGR of 14.85% in the forecast period (2023-2030).
Utilizing an endpoint authentication mechanism ensures that only authorised endpoint devices can connect to a network by tracking and verifying the identities of all external devices connected to it. For networks with a spike in distant users, endpoint authentication is essential.
The requirement for encryption is rising along with the penetration of cyberattacks, which is driving the automotive endpoint authentication market globally. In fact, the market expansion of insurance firms is being driven by the expansion of vehicle safety laws and the addition of advantages for vehicles with endpoint security. High cost and potential product part loss could limit market expansion. Additionally, as the market for mobile apps grows, so does the opportunity for endpoint authentication in the automobile sector. Additionally, the Biometric Application Programming Interface (BioAPI) will undoubtedly accelerate the growth of the automotive endpoint authentication market in the automotive industry.
Global Market Size
USD 3004.51 million
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The Global Automotive Endpoint Authentication Market is segmented based on authentication, Product Type, application, Connectivity, and Region. Based on Product Type it is categorized into Biometric Vehicle Access, Smartphone Application, Automotive Wearables. Based on Application it is categorized into: Passenger Cars, Electric Vehicles. On the basis of Connectivity the market is segmented into Bluetooth, Wi-Fi, Mobile Networks. Based on authentication, the market is segmented into Automotive wearables, biometric vehicle access, and smartphone applications. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Application
During the forecast period, the passenger car segment is anticipated to account for the highest share in the worldwide automotive endpoint authentication market. They have been the most widely utilised kind for many years. Following COVID, there was an increase in the buying of private vehicles to stop the spread of infection. In addition to preventing attacks, automotive endpoint authentication supports locking features that are quite helpful for families. They also aid in location monitoring, which is a significant market driver for automobile end-point authentication worldwide. During the anticipated period, this will raise the market share for the worldwide endpoint authentication market. From 2022 to 2028, the electric vehicle market is anticipated to expand at the fastest rate. Consumers may charge the batteries of electric vehicles whenever it is convenient for them, and they are environmentally beneficial. EVs, which run on batteries rather than petrol, are the vehicles of the future. The rising price of petroleum encourages buyers to buy electric cars. Due to these benefits, the electric car market is predicted to develop the fastest.
Analysis by Connectivity
During the forecast period, the Bluetooth segment is anticipated to account for the highest proportion of the worldwide automotive endpoint authentication market. Connecting a consumer's smartphone devices over Bluetooth improves the user experience. It was introduced at the beginning of 2010, which made it possible to use authentication mechanisms. Between 2022 and 2028, the wi-fi market is anticipated to develop at the fastest rate. Wi-Fi facilitates device tracking and enables the installation of GPS systems. It doesn't take up much room and aids in preventing cyber-attacks. Because of these benefits, the wi-fi market is anticipated to develop the fastest.
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Due to the increasing need for wired and driverless vehicles, Europe held the notable automotive endpoint authentication market shrae. The German government is moving aggressively to bring wired cars to market. For instance, the City unveiled its Action Plan for automated driving in August 2017. At the Federal Ministry of Transport and Digital Infrastructure, the Ethics Commission recommended the use of autonomous driving systems. The objective of this government programme was to quickly and effectively introduce autonomous driving in Germany.
Asia Pacific is a promising region for the automotive endpoint authentication market due to the smart city efforts and rising demand for passenger automobiles in developing nations like China and India. The area's growing internet adoption makes portable networks more widely used. Such systems raise the likelihood that wired and driverless vehicles may be the target of cyberattacks, which increases the demand for robust endpoint security solutions in the automotive sector. The increased worry about vehicle safety brought on by an increase in vehicle theft is another factor driving the automotive endpoint authentication market expansion in the area.
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There are a few worldwide players that are acting in larger part of the nations and a developing number of more modest players in the provincial level, who are offering moderate quality items in a reasonable scope of costs. The major players in the market are Hitachi Ltd., Continental AG, Garmin Ltd., Samsung Electronics Co. Ltd., Synaptics Incorporated, Fitbit Inc., Fujitsu Ltd., HID Global Corporation, Symantec Corporation, Voxx International Corporation
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According to our Global Automotive Endpoint Authentication Market analysis, by product type, the passenger car segment is estimated to have the largest share of the market. By connectivity-wise, the bluetooth segment has dominated the market share, followed by Wi-Fi. Region-wise, the Europe region accounted highest market share of the total market revenue.
|Market size value in 2021||USD 3004.51 million|
|Market size value in 2030||USD 3444.49 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Automotive Endpoint Authentication Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Endpoint Authentication Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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