The Automotive Central Gateway Module Market is being driven by Increasing government support to promote EVs
The Automotive Central Gateway Module Market is expected to grow at a CAGR of 7.37% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1281.9 million. The automotive industry's digital transformation, marked by the integration of automated technologies and electrification, has brought about a heightened need for robust cybersecurity solutions. With the increasing risk of cyberattacks, the automotive ecosystem is prioritizing the development and implementation of advanced cybersecurity technologies. The Automotive Central Gateway Module (CGM) plays a pivotal role in ensuring secure data communication within modern vehicles. Given the dynamic nature of cybersecurity threats, it is essential to provide Over-The-Air (OTA) updates for cybersecurity solutions such as CGM. In 2016, Infineon Technologies AG and Argus Cyber Security joined forces to introduce an integrated cybersecurity solution for the automotive sector. This collaboration resulted in a CGM featuring Infineon's AURIX multicore microcontroller and Argus' Intrusion Detection and Prevention System (IDPS) and remote cloud platform.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.37% |
Market growth 2024-2028 |
USD 1281.9 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
6.73 |
Key countries |
US, China, Germany, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Automotive Central Gateway Module (CGM) market is experiencing significant revenue growth, driven by the increasing adoption of driver assistance and active safety systems in vehicles. OEMs are focusing on providing Level 2 autonomous driving capabilities, requiring high consistency and accuracy from CGMs. Robotic efficiency and machine learning are key technologies used in the manufacturing process to meet the growing demand for these systems. Novel technologies such as artificial intelligence and vehicle electrification are also driving structural changes in the market. Subsegments like infotainment systems, emissions control, and vehicle weight reduction are seeing increased investment. Electric vehicles are a major area of focus, with advanced driver control and communication systems becoming increasingly important. Data sharing and comfort features are also key areas of development, as OEMs seek to provide a seamless and convenient driving experience. Powertrain systems are also being integrated into CGMs, allowing for real-time monitoring and optimization of vehicle performance. Overall, the automotive CGM market is poised for continued growth, with a focus on innovation and advanced technologies to meet the evolving needs of consumers and OEMs.
The global automotive central gateway module market is a segment of the larger automotive parts and equipment industry, encompassing businesses producing components and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the automotive components and equipment market size is determined by the collective revenue generated by these manufacturers. Key growth drivers for this market include the rising demand for electronic control units (ECUs) and other electrical components due to the increasing sales of ECVs, motorcycles, and PCs over the past decade.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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