Automotive cyber security market is expected to reach USD 7.89 billion by 2028. This means that while the market is currently standing at the value of USD 1.75 billion, for the forecast period 2022-2028, the automotive cyber security market will exhibit a CAGR of 20.73%. The analysis of various factors responsible for the same and insights about the market are provided in this report. Vehicle connectivity is expanding quickly, creating many chances for innovative new features and appealing business strategies. The risk of cyber-attacks on automotive networks is also rising at the same time. Cyber-attacks have resulted in financial losses and damage to vehicular safety and reliability.
With the incorporation of technologies like artificial intelligence, machine learning, private 5G, edge computing, and high-performance processing units, autonomous vehicles have made significant improvements recently. Edge computing assists autonomous EVs in managing a large amount of information at the edge to reduce latency and enable vehicles to make decisions based on data in real time.
Moreover, due to the adopting technologies, it is crucial for the suppliers and manufacturers in the automobile industry to adopt National Highway Traffic Safety Administration NHTSA's rules and prioritize vehicle cyber security. Setting internal procedures and policies to ensure systems will be secure in anticipated real-world circumstances, including the presence of potential vehicle cyber security threats, is another aspect of giving vehicle cyber security a high priority. The environment for automotive cyber security is dynamic and is anticipated to evolve frequently.
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The technology that connects driverless vehicles to the internet is typical with the help of a cloud platform. Connecting vehicles to the networks is dangerous. The attack surface grows as more vehicles are linked to the networks. In current scenarios, there is a surge in the installation of sensors and software used in automobiles. Connected automobiles gather data from more than 150 sensing devices placed all over the car. Everything may be tracked with it, including the user's driving habits and the location of the vehicle.
In the post-pandemic period, cyberattacks became more frequent and sophisticated due to the smart mobility ecosystem's ongoing progress. New attack avenues have been shown by financial and geopolitical concerns, and supply chains and these are anticipated to propel automotive and smart mobility players to increase their cybersecurity spending.
Automotive Cyber Security Market: Segmentation
By Types
- Optical Filter Microplate Reader
- Optical Grating Microplate Reader
By Applications
- Clinical Field
- Nonclinical Field
Key Benefits of the report:
- This study presents the analytical description of the global Automotive Cyber Security industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Automotive Cyber Security market share.
- The current market is quantitatively analyzed from 2022 to 2030 to highlight the global Automotive Cyber Security market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers sellers in the market.
- The report provides a detailed global Automotive Cyber Security market analysis based on competitive intensity and how the competition will take shape in the coming years.
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Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Global Automotive Cybersecurity Market Analysis
- Chapter 3: Regional analysis of the Global Automotive Cybersecurity Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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The major players covered in the automotive cyber security market report are ESCRYPT, Continental AG, Bosch Limited, HARMAN International, DENSO CORPORATION, Aptiv, Karamba Security, SafeRide Technologies, ARILOU Automotive Cyber Security, part of NNG Group, GUARDKNOX, Infineon Technologies AG, Argus Cyber Security Ltd., Intel Corporation, Lear Corporation, SBD Automotive Ltd, Honeywell International Inc., Vector Informatik GmbH, NXP Semiconductors., Capgemini and secunet among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in Global Automotive Cybersecurity Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2027?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Automotive Cybersecurity Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
What has been the impact of COVID-19 on the Automotive Cybersecurity Market?
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