Enjoy complimentary customisation on priority with our Enterprise License!
The automotive central gateway module market size is forecast to increase by USD 1.28 billion, at a CAGR of 7.37% between 2023 and 2028. The growth of the market hinges on several critical factors. Firstly, increasing government support aimed at promoting electric vehicles (EVs) encourages their adoption and infrastructure development. Secondly, the rising significance of crash tests and NCAP ratings underscores consumer demand for safer vehicles, influencing purchasing decisions. Additionally, the emphasis on automotive network security drives the adoption of Connected Gateway Module (CGM) solutions, enhancing vehicle connectivity and data protection. These factors collectively shape the automotive industry's landscape, fostering innovation and regulatory compliance. As EV technologies advance and safety standards evolve, manufacturers and consumers alike prioritize solutions that integrate robust security features and performance metrics. The market's trajectory reflects a strategic alignment with global sustainability goals and consumer preferences for safe, connected, and environmentally responsible automotive solutions.
To learn more about this report, Download Report Sample
The market is pivotal in the evolution of vehicle technology, integrating powertrain control, infotainment systems, and advanced driver assistance features. It facilitates data sharing across various subsystems, enhancing driver convenience and vehicle electrification initiatives. As automotive manufacturers focus on reducing vehicle weight and emissions, central gateway modules play a crucial role in managing powertrain efficiency and supporting structural changes for electric vehicles. Novel technologies like artificial intelligence and machine learning optimize manufacturing processes, enhancing robotic efficiency and ensuring accuracy and consistency in production. These modules are integral to the implementation of active safety systems and driver assistance technologies, improving vehicle control and reducing accidents. With a focus on driver-centric innovations and regulatory compliance, the automotive central gateway module market continues to drive advancements in vehicle connectivity and intelligent automotive solutions. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing government support to promote EVs is a key driving factor impacting the global automotive central gateway module market growth. Oil dependency, climate change, and clean air are the most crucial factors for governments across the world to promote EVs among consumers. The governments are offering monetary benefits to consumers to drive the adoption of EVs. The growing adoption of EVs is crucial for the revenue growth of the automotive CGM market. The CGM is an important component in these vehicles as there is a need for real-time secure communication of battery status within vehicles.
Hence, the functionality of CGMs remains the same for both EVs and ICE-based vehicles, with differences in data. As EVs are adopters of high electronic content, CGM should support various networking technologies and should be capable of communicating securely with the external world. Thus, EVs require sophisticated CGM that adheres to all requirements, which will contribute to market growth.
The development of integrated cybersecurity solutions is a key trending factor impacting the global automotive central gateway module market growth. Cybersecurity has become a topic of discussion for the automotive ecosystem from the time automated technologies started penetrating the automotive industry. The electrification of vehicles has significantly increased the risk of hacking. Therefore, the automotive ecosystem is working on enhancing cybersecurity solutions for modern vehicles. CGM is crucial for secure data communication in modern vehicles.
Since cybersecurity threats are dynamic, OTA updates are necessary for cybersecurity solutions such as CGM. Infineon Technologies AG and Argus Cyber Security offer integrated cybersecurity solutions in the form of CGM. This CGM has an AURIX multicore microcontroller from Infineon Technologies and Intrusion Detection and Prevention System (IDPS) and a remote cloud platform from Argus Cyber Security. This CGM has an in-built hardware security module (HSM) that protects in-vehicle software and data communication. In addition to security, this CGM has more scalability and rich feature compatibility for the latest connectivity. Such factors will increase the market growth during the forecast period.
Low consumer awareness toward advanced safety technologies inhibits revenue growth of CGM will be a major challenge negatively impacting the global automotive central gateway module market growth. Although ADAS has the potential to transform the automotive sector, its adoption is still limited to selected variants. The reason attributed is that most of the ADAS technologies are still being refined or are expensive, which limits them to the premium segment. These factors impact the revenue of the global automotive CGM market as these technologies require high computing and flexible CGM that support various networking technologies and secure external communication.
Owing to the limitation of technologies to premium cars, most of the ADAS technologies are unfamiliar to the customer. Hence, the automotive ecosystem should focus on increasing customer awareness for ADAS technologies as our research shows that customers tend to prefer vehicles with ADAS technologies if they are well-informed about the benefits of the technology. Currently, automotive OEMs are facing challenges in introducing ADAS technologies in the mass segment vehicles owing to the high cost of ADAS technologies.
Customer Landscape
The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aptiv Plc - The company offers an automotive central gateway modules that helps in unlocking safety, comfort, and convenience functionality through deep power, data, and integration capabilities.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the passenger cars segment will be significant during the forecast period. In this segment, the automakers are focusing on increasing the safety level of passenger cars and are adopting advanced safety functions that need secure communications. Hence, the demand for automotive CGM is increasing at a rapid rate during the forecast period.
Get a glance at the market contribution of various segments Request a PDF Sample
The passenger cars segment was the largest and was valued at USD 2.26 billion in 2018. Over the past decade, passenger vehicles witnessed rapid electrification of mechanical components with the introduction of advanced features in safety, security, propulsion, connectivity, and environment. These innovations have been introduced because of factors such as increasing consumer expectations, higher competition leading OEMs to add features to maintain market share, and various government regulations demanding additional safety, fuel efficiency, and security features. This resulted in an increased number of ECUs in passenger vehicles (60-80 ECUs). As a result, CGM became crucial to handle data communication among ECUs. This is driving the growth of the passenger cars segment of the market.
For more insights on the market share of various regions Request PDF Sample now!
APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The automotive central gateway module market in APAC is expected to register the fastest growth rate during the forecast period. Moreover, in India and China to increased disposable income the penetration of luxury vehicles has been increasing exponentially. Apart from that these countries will also enjoy a cost advantage compared to other developed nations owing to proximity to manufacturing plants. Due to low labor costs, the South-Asian region has become a manufacturing hub for automotive electronics and other components. This can be considered a major factor in reducing the cost of vehicle manufacturing in the sub-continent. Hence, the reduced cost of ownership will result in increased demand for luxury vehicles equipped with advanced features. This will push the adoption of CGM with high networking power, which will support various networking technologies.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
The market is experiencing rapid evolution driven by advancements in telematics, autonomous vehicles, and vehicle-to-vehicle communication. These modules facilitate seamless integration of complex supply chains and stringent regulatory requirements, supporting both light-duty vehicles (LDV) and heavy-duty vehicles (HDV). Suppliers in the market leverage low-cost raw materials to innovate product features and expand their breadth of offerings across subsegments like level 4 autonomous capabilities and vehicle-to-infrastructure communication. Amid economic revivals and challenges like lockdowns, manufacturers prioritize inorganic growth strategies and product innovation to maintain a competitive edge and meet OEM preferences. The market's landscape, characterized by intense competition and fluctuating prices, requires robust business roadmaps and agile manufacturing processes to ensure consistent revenues and market leadership. As public transport evolves and consumer preferences shift, automotive central gateway modules play a crucial role in enhancing vehicle connectivity and driving future mobility solutions worldwide.
|
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 1.28 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
6.73 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 44% |
|
Key countries |
US, China, Germany, Japan, and India |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aptiv Plc, Beijing Jingwei Hirain Technologies Co. Inc., Continental AG, DENSO Corp., FEV Group GmbH, Flex Ltd., Hitachi Ltd., Infineon Technologies AG, Lear Corp., MarkLines Co Ltd., MRS Electronic GmbH and Co. KG, NXP Semiconductors NV, OMRON Corp., Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics International N.V., Tata Elxsi Ltd., TDK Corp., and Texas Instruments Inc. |
|
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.