Automotive End-point Authentication Market
The end-point authentication market for automotive is projected to grow at a CAGR of 14.5% from 2017 to 2022. Asia-Pacific and the Rest of the World (the Middle East and South America) regions are expected to witness greater demand for end-point authentication market for automotive. This is due to increasing installation of high-end electronic features in passenger cars, upcoming legislation mandating safety technologies, and growing demand for passenger cars and electric vehicles in emerging markets such as China, Japan, India, and Russia. Asia-Pacific is expected to account for the largest market share of the end-point authentication market for automotive, followed by North America, Europe, and the Rest of the World. China is estimated to have the maximum share in the end-point authentication market for automotive in Asia-Pacific.
It provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants. The market for industrial vehicles is estimated to grow at a promising CAGR from 2017 to 2022. Due to high adoptability and increase in demand for high end electronics & safety features in region such as Europe and North America, It is estimated that automotive end point authentication market would rise. Also due to increase in sales of electric vehicle in potential market such as china, South Korea and others would drive the automotive end point authentication market.
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The primary sources-experts from related industries, electronic device manufacturers, and suppliers–have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations. Bottom-up and top-down both the approaches have been used for market estimation and calculating the global industrial vehicles market size.
The ecosystem of the end-point authentication market for automotive consists of manufacturers such as Pebble, a Fitbit brand (U.S.), Continental AG (Germany), Samsung Electronics Ltd. (South Korea), Hitachi Ltd. (Japan), and Fujitsu Ltd. (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).
Target Audience
- Automobile manufacturers
- Automotive end-point authentication systems manufacturers
- Automotive software developing companies
- Automotive hardware component manufacturers
- End-point authentication systems design companies
- Automobile Organisations/Associations
- End-point authentication systems component suppliers
- Raw material suppliers for end-point authentication systems/components
- Traders and Distributors of end-point authentication systems
- Tier 1, Tier 2, and Tier 3 suppliers
- Distributors and suppliers of automotive components/parts
Hitachi Ltd., headquartered in Tokyo, Japan, is a leading automotive manufacturing company. It was originally founded in 1920. The company’s business operations are divided into various groups such as social infrastructure and industrial systems, automotive systems, information and telecommunications systems and so on. The biometric devices are offered by the information systems segment. Comprehending the commercial potential of biometrics in the automotive industry, the company is focusing on developing new products for the automotive industry. In 2015, the company expanded its research capabilities by investing close to USD 2.84 Billion in R&D.
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Another major market player is Fitbit Inc. which is one of the largest suppliers of fitness and health tracking devices around the globe. The company is trying to expand its global footprint with new product development, joint agreements, and acquisitions. In December 2016, Fitbit Inc. acquired Pebble Technology Corporation, which is another wearable manufacturing company. This acquisition would help Fitbit, Inc. to enter into the automotive industry as Pebble Technology Corporation had acquired a contract for wearable authentication device with the automobile industry giant, Mercedes-Benz. This also gives Fitbit, Inc. an edge in the competitive market.
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Source:Â Global Automotive End-Point Authentication Market: Growth, Share, Demand and Analysis