Automotive End-Point Authentication Market Demand Would Increase Rapidly

The global market for automotive endpoint authentication is anticipated to witness a healthy growth over the coming years. According to Transparency Market Research (TMR), the vendor landscape fragmented with few market participants. The industry is monopolized by established vendors which makes it tough for new market participants to gain a foothold. Also, the costs involved with setting up production plants in this industry are quite high and tend to deter medium- and small-sized enterprises. Some of the key vendors participating in the global end-point authentication market are Synaptics Incorporated, Symantec Corporation, Garmin Ltd., Sonavation, Inc., and Fujitsu Ltd.

Our report predicts that the global automotive end-point authentication market will grow at healthy CAGR of 8.6% over the forecast period of 2017 to 2025. The market, which stood at an estimated valuation of US$0.504 mn in 2017 is expected to touch US$1.115 mn by the end of the forecast period.

HVs and EVs to Emerge Popular Market Segments

The overall automotive end-point authentication market comprises of conventional and electric & hybrid vehicles based on the vehicle type. Our report mentions that while the conventional vehicle segment has held almost half of the overall market revenue till date, the segment of HVs and EVs is expected to gain prominence. Over the coming years, electric and hybrid vehicles segment is set to experience a surge in growth rate due to their growing popularity and utilization. Being eco-friendly and fuel efficient they will see their sales soar further.

Considering geographical segmentation, Europe generated the most revenue with a whopping thirty percent share of the overall market. While based on growth rate, the Asia Pacific is foretold to see immense growth opportunities. This is attributed to the perpetually increasing demand of passenger vehicles in growing economies like China and India.