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

Report Description

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.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• 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.

Customization Options:

The global automotive end-point authentication market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Automotive End-point Authentication Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive end-point authentication market were the three major steps undertaken to create and analyze the adoption of automotive end-point authentications in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive end-point authentication market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the automotive end-point authentication market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the automotive end-point authentication market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as authentication type, connectivity type, and vehicle type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive end-point authentication market. Further, we conducted factor analysis using dependent and independent variables such as various authentication type, connectivity type, and vehicle type of automotive end-point authentications. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive end-point authentication market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive end-point authentication market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive end-point authentication market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global automotive end-point authentication market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive end-point authentication market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of various authentication type, connectivity type, and vehicle type in the global automotive end-point authentication market.

The main objective of the Global Automotive End-Point Authentication Market Study

The current & future market trends of the global automotive end-point authentication market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the automotive end-point authentication market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of various authentication type, connectivity type, and vehicle type.
• Define and analysis of the regulatory framework for the automotive end-point authentication
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the automotive end-point authentication market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the automotive end-point authentication market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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