Product Advancement through Thorough Research Brings in Lucrative Prospects for Companies Involved in Automotive End-point Authentication

High fragmentation in the competitive landscape characterizes the global Automotive end-point authentication market . Companies involved in automotive end-point authentication especially focus on the advancements of products by thorough research. Strategic mergers, acquisitions, and partnerships are also popular tactics among players looking for the expansion of their businesses, which is reflecting on the growth of this market remarkably.

According to Transparency Market Research (TMR), the worldwide market for automotive end-point authentication, which is anticipated to touch US$0.50 mn in 2017, will be expanding at a CAGR of 8.60% during the period from 2017 to 2025 and reach US$1.11 mn by the end of 2025.

In this blog, researchers at TMR answer some important queries regarding the global automotive end-point authentication market:

What are the prime factors that influence the growth of the global automotive end-point authentication market ?

The global market for automotive end-point authentication is gaining remarkably from the stringent policies regarding automobiles and their usage in various parts of the world, which have compelled automakers to manufacture vehicles with enhanced safety security features, with special focus on automotive end-point authentication technology.

In addition to this, the awareness regarding various properties of this technology, such as security from thefts and damages to automobiles, among consumers will catalyze the market’s growth in the years to come. The increasing uptake of electric and hybrid automobiles is also projected to boost this market over the forthcoming years.

Which of the regional markets will take the lead in the global automotive end-point authentication market ?

In 2016, Europe, with a share of 30%, acquired the dominant position in the global automotive end-point authentication market. Thanks to the increasing application area of end-point authentication systems in hybrid and electric vehicles, fueled by their increased sales, the Europe market for automotive end-point authentication will retain its position over the next few years.

Asia Pacific, although trailing behind at third position, is also expected to gain considerable momentum in the near future, thanks to the rising demand for passenger vehicles in the emerging Asian economies, such as India and China.

Which vehicle type will report a higher usage of automotive end-point authentication in future ?

Among the prime vehicle types i.e. conventional and electric and hybrid, the adoption of automotive end-point authentication systems is almost equal. However, with the swift expansion of the hybrid and electric vehicles industry, on the grounds of the fuel efficacy and eco-friendly nature of these vehicles, the demand will be much higher in the latter segment over the next few years.

Conventional automobiles, such as passenger vehicles, multi-utility vehicles, sports-utility vehicles, are also projected to report a high requirement for automotive end-point authentication solutions in the near future.


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