Automotive Endpoint Authentication Market Size, Share, Growth Analysis, By Product Type(Biometric Vehicle Access, Smartphone Application, Automotive Wearables), By Application(Passenger Cars, Electric Vehicles), By Peripheral Connectivity(Bluetooth, Wi-Fi, Mobile Networks), By Authentication(Automotive wearables, biometric vehicle access, and smartphone applications), By Region - Industry Forecast 2024-2031

Automotive Endpoint Authentication Market size was valued at USD 3004.51 million in 2019 and is poised to grow from USD 3444.49 million in 2023 to USD 3444.49 million by 2031, growing at a CAGR of 14.85% in the forecast period (2024-2031).

Utilizing an endpoint authentication mechanism ensures that only authorised endpoint devices can connect to a network by tracking and verifying the identities of all external devices connected to it. For networks with a spike in distant users, endpoint authentication is essential.

The requirement for encryption is rising along with the penetration of cyberattacks, which is driving the automotive endpoint authentication market globally. In fact, the market expansion of insurance firms is being driven by the expansion of vehicle safety laws and the addition of advantages for vehicles with endpoint security. High cost and potential product part loss could limit market expansion. Additionally, as the market for mobile apps grows, so does the opportunity for endpoint authentication in the automobile sector. Additionally, the Biometric Application Programming Interface (BioAPI) will undoubtedly accelerate the growth of the automotive endpoint authentication market in the automotive industry.

US Automotive Endpoint Authentication Market is poised to grow at a sustainable CAGR for the next forecast year.