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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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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