The global automotive end-point authentication market is anticipated to grow at a CAGR of 8.0% during the forecast period (2022-2028). An automotive endpoint authentication mechanism is used to verify/track the identity of external devices connected to a network, thereby ensuring the connectivity of only authorized endpoint devices. An endpoint authentication is of vital importance for networks that have mass of remote users. At present, cars are equipped with connectivity options such as Bluetooth and WiFi. With the increase in demand for electric vehicles and need for authenticated access to various systems in electric vehicles are some of the driving factors for the growth of the global automotive end-point authentication market. These vehicles require authenticated access to various systems for efficient functioning. Additionally, the rise in the trend of connected cars, autonomous vehicles and the increase in demand for wearable devices and smartphones are some of the other driving factors for the growth of the market. Additionally, increase in cyberattacks and the increasing demand for security are the boosting factor for the growth of the market. However, high price and potential failure of the components of the product is the restraining factor for the growth of the market.
The market is segmented based on the application, connectivity type, and vehicle type. Based on the application, the market is sub-segmented into wearable, smartphone application, and biometric access. Automotive endpoint authentication is used in a wearable to provide security for the devices and the data that is stored on them. It supports to prevent unauthorized access to the device and its data, which in turn, protects the privacy of the user. Automotive endpoint authentication is used in the Smartphone app to provide an extra layer of security for the user. The app can be used to lock and unlock the car, start the engine and perform other functions. Automotive endpoint authentication is also used in biometric vehicle access to identify and authenticate authorized users. It supports in providing secure access to the vehicles and prevents unauthorized access. The use of this technology supports in reducing the chances of theft of vehicles.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- By Connectivity Type
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Hitachi Ltd., Continental AG, and Safran S.A., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Automotive End-Point Authentication Market Report by Segment
By Application
- Wearable
- Smartphone Application
- Biometric Access
By Connectivity
- Wi-Fi
- Bluetooth
- Cellular Networks
By Type
- Conventional Vehicle
- Hybrid and Electric Vehicle
Global Automotive End-Point Authentication Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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