According to a new report from Technavio, the market for car security systems is expected to grow as more and more car manufacturers roll out new connectivity features for passenger vehicles. The use of biometric authentication for vehicle access and ignition will also be a key factor driving the market.
The logic in the report is quite simple. Connected cars are becoming more popular, so car manufacturers need better security features to prevent malware attacks and make sure those connections are safe. That will lead to a CAGR of two percent for the market between 2019 and 2023, although that growth is expected to decelerate near the tail end of that window.