Rising Focus on Vehicle Security propels Global Automotive Embedded Systems Market Growth

Rising Focus on Vehicle Security propels Global
Automotive Embedded Systems Market Growth

Inkwood Research predicts that the Global Automotive Embedded Systems Market is set to surge
with a 5.44% CAGR during the assessment period, 2022-2030.
“Browse 49 Market Data Tables and 44 Figures spread over 224 Pages, along with an in-depth TOC
on the Global Automotive Embedded Systems Market Forecast 2022-2030.”

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systems-market/#table-of-contents
Embedded systems are finding increasing uses in the automotive industry. They have applications
from small wiper controls to large & complicated anti-lock brake controls. For instance, electronic
control units that contain digital signal processors and microcontrollers are used in automobiles.

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Growing Focus on Vehicle Security drives Market Growth
The growing sophistication of automobiles, from driver assistance to accident alerts, has raised their
vulnerability to cybercrimes. The advancements include a wide array of cameras, sensors, and other
equipment to facilitate maneuvering through congested streets without the need for a physical

presence at the steering wheel. At the same time, if a hacker takes control of an autonomous
vehicle, it can lead to accidents.

For instance, security experts have demonstrated how hackers can remotely halt a moving
automobile. The growing adoption of autonomous cars is thus estimated to increase the risk of such
security threats. In addition, such possibilities have highlighted the need and relevance of modern
embedded technologies in vehicle security. Accordingly, automotive OEMs are prioritizing vehicle
security systems.

Furthermore, the automotive cybersecurity sector has witnessed surging cyberattack activities in
different categories in the last few years. Cyberattacks are becoming more sophisticated, with more
attack surfaces to exploit and breach. As a result, the growing focus on vehicle security is a major
growth driver of the global automotive embedded systems market.

Sensors and Drivers: Largest Revenue-Generating & Fastest-Growing Component

Automobile sensors are cognitive sensors used to process and regulate variables like temperature,
coolant levels, pollution levels, and oil pressure. Several companies offer advanced sensors on the
basis of application requirements. These sensors gather data required for vehicle function
management, response, and adaption, which can be further utilized to enhance the safety,
efficiency, and comfort of automobiles.

Asia-Pacific: Largest Revenue-Generating & Fastest-Growing Region

The region’s growth prospects are attributed to the rising vehicle production in countries like Japan
and China. Also, Japan is witnessing a growth in the number of electric vehicles, whereas India is
projected to offer growth opportunities, given the government support. Besides, the increasing
electrification of cars and the growing adoption of electric vehicles offer growth opportunities for
the Asia-Pacific automotive embedded systems market.

The intense market rivalry is attributed to the significant investments by established players trying to
enhance and expand their product portfolio to strengthen their market position. Some of the key
firms in the market include NXP Semiconductors NV, Samsung Electronics Co Ltd (Harman
International), Infineon Technologies AG, Panasonic Corporation, etc.

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About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services.
Market intelligence studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our geographical analysis
comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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