PUBLISHER: SkyQuest | PRODUCT CODE: 1321972
PUBLISHER: SkyQuest | PRODUCT CODE: 1321972
Global Automotive Endpoint Authentication Market size was valued at USD 3.00 billion in 2021 and is poised to grow from USD 3.45 billion in 2022 to USD 10.43 billion by 2030, growing at a CAGR of 14.85% in the forecast period (2023-2030).
Endpoint authentication is crucial in ensuring that only authorized devices can connect to a network by verifying their identities. With an increasing number of remote users, endpoint authentication becomes even more important. The global automotive endpoint authentication market is driven by the growing need for encryption due to the rise in cyberattacks. Vehicle safety laws and incentives for vehicles with endpoint security are also contributing to the expansion of this market, although high costs and potential product part loss may limit its growth. The growing market for mobile apps in the automotive sector further presents opportunities for endpoint authentication. The adoption of Biometric Application Programming Interface (BioAPI) is expected to accelerate the growth of the automotive endpoint authentication market in the industry.
Segments covered in this report:
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.
Driver
The automotive endpoint authentication market is expected to benefit from the growth in passenger and commercial vehicle sales in both developing and developed countries. Factors such as rising disposable incomes, increased vehicle ownership, and high purchasing parity contribute to this growth. The market is driven by the rising demand for security and the escalating threat of cyberattacks and intrusions. Additionally, the industry is boosted by the implementation of regulations related to vehicle security and the added advantages offered by insurance providers for vehicles equipped with endpoint security.
Restraint
Unpredictable threats and assault scenarios can arise due to various factors, including alternative entry points like vehicular databases, remote communication technologies, and vehicular parts. Automakers face the challenge of not being able to anticipate the next target of hackers due to the constant development of new techniques. This dynamic landscape acts as a restraint for the market.
Market Trends
In the near future, the automotive sector will experience significant structural changes due to the rapid advancement of new technologies. Artificial intelligence (AI) and machine learning will play a key role in transforming the manufacturing process, leading to enhanced uniformity, accuracy, and efficiency through the use of robots. Original Equipment Manufacturers (OEMs) can boost revenue growth by providing attractive features and support through level 2 automation, which includes active safety systems and driver assistance. However, further delays are expected for the evolution of technology and widespread consumer acceptance of level 4 autonomous vehicles.