October 25, 2020

Worldwide Automotive Central Gateway Module Industry to 2024 – Key Drivers, Challenges and Trends – ResearchAndMarkets.com – Press Release

DUBLIN–(Business Wire)–The “Global Automotive Central Gateway Module Market 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

The automotive central gateway module market is poised to grow by $ 1.29 billion during 2020-2024 progressing at a CAGR of 7% during the forecast period.

This report on the automotive central gateway module market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing government support to promote EVs, growing importance of crash tests and NCAP ratings, and importance of automotive network security driving CGM adoption.

This study identifies the higher emphasis on traffic management to demand secure external communication as one of the prime reasons driving the automotive central gateway module market

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Top 5 Vendors in the Automotive Central Gateway Module Market From 2020 to 2024- COVID Impact

COVID-19 market impact analysis anticipates Negative and Inferior growth for the automotive central gateway module market, while the 44% of the market’s growth will originate from APAC during the forecast period, according to Technavio report Global automotive central gateway module market with COVID-19 analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201001005201/en/

Technavio has announced its latest market research report titled Global Automotive Central Gateway Module Market 2020-2024 (Graphic: Business Wire)

The central gateway module has become an important component for secure data communication through various networking technologies adopted in modern vehicles. Due to the increased electronic content, modern vehicles have become prone to hacking. Hacking and security breaches can be a significant threat to the automotive industry. CGM provides a secure connection for in-vehicle systems and external communication. Moreover, the gateway module supports secure APIs for vehicle connectivity, which acts as a firewall controlling access

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