Authored By: Sarah
17 Feb 2024

Driving Forward: Automotive Central Gateway Module Market to Surpass USD 1.15 Billion, Propelled by EV Surge and Cybersecurity Innovation

The Automotive Central Gateway Module Market is set to achieve robust market growth at a CAGR of 7.09% from 2023 to 2027, with a projected market size increase of USD 1.15 billion. This growth is driven by critical factors such as increasing government support for Electric Vehicles (EVs), the growing importance of crash tests and NCAP ratings, and the heightened focus on automotive network security, propelling Central Gateway Module (CGM) adoption.

Industry frontrunners amplify market dominance through strategic moves: alliances, partnerships, mergers, acquisitions, and innovative launches. Notable players include Beijing Jingwei Hirain Technologies, Continental AG, DENSO Corp., Flex Ltd., and others.


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Rising government support for EVs is propelling the market advancement, responding to concerns about oil dependency, climate change, and air quality. As governments incentivize EV adoption, the automotive CGM market's revenue experiences significant growth. CGMs, crucial for secure communication in modern vehicles, play a pivotal role in EVs, necessitating sophisticated modules to support various networking technologies securely.

An emerging trend is the development of integrated cybersecurity solutions, addressing the rising risk of hacking in the automotive ecosystem. Infineon Technologies AG and Argus Cyber Security provide advanced CGMs with integrated cybersecurity features, contributing to increased market growth with scalability and rich feature compatibility.

In this dynamic landscape, the Automotive Central Gateway Module Market's future scope is marked by continued expansion, driven by technological advancements in Automotive Electronics, In-vehicle Networking, Centralized Control, and enhanced Cybersecurity features, ensuring seamless integration into the realm of Connected Vehicles and Diagnostics. Download  Automotive Central Gateway Module Market Sample Report Now

Automotive Central Gateway Module Market: Key Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive automotive central gateway module market growth during the next five years
  • Precise estimation of the automotive central gateway module market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive central gateway module market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive central gateway module market vendors

 

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