Global Automotive Cyber Security Market Insights
The Automotive Cyber Security Market is expected to grow at a high CAGR during the forecast period. Factors such as increasing adoption of advanced features in automobiles, technological advancement and growing demand for security solutions are driving the market for automotive cyber security during the forecast period. Developments of smart features such as AI and IoT have made vehicles on roads a lot safer than before.
Concerns with respect to cybersecurity are on the rise owing to complex control units used in engines. Growing number of Government regulations in North America and Europe is expected to further boost demand for automotive cybersecurity during the forecast period. However, the additional cost burden of incorporating cybersecurity in vehicles s expected to hinder market growth up to a certain extent.
Automotive Cyber Security Market: By Security Type Insights
Based on product, the Automotive Cyber Security market can be segmented into Network Security, End-point security, Application security, Wireless security, and Cloud security among others. The network security segment is projected to hold the largest market share in terms of revenue during the forecast period. This can be attributed to the use of network security to detect and avoid cyber threats in automotive computer networks.
Automotive Cyber Security Market: Vehicle Type Insights
The Automotive Cyber Security market based on the application can be segmented into passenger vehicles and commercial vehicles. the passenger vehicles segment is expected to hold the largest market share in terms of revenue during the forecast period.
Automotive Cyber Security Market: Application Insights
Based on service, the Automotive Cyber Security market is classified into telematics, OBD, infotainment, communication channels, powertrain, and safety systems among others. The OBD application segment is projected to grow at the highest CAGR during the forecast period. The communications channels segment is in turn expected to hold the largest market share in terms of revenue owing to its widespread applications in the connected cars segment.
Automotive Cyber Security Markets: Regional Insights
North America is projected to hold the largest market share in terms of revenue in the automotive cyber security market during the forecast period owing to its huge automotive industry and advanced features. The Asia Pacific market is expected to grow at the highest CAGR owing to investments in the automotive sector. Europe is also expected to contribute a significant amount of revenue in the Automotive cyber security market.
Automotive Cyber Security Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase surgical retractors over the coming years. Some of the companies which are likely to purchase Automotive Cyber Security are Ford, Nissan, Tesla and Honda among others.
Automotive Cyber Security Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Automotive Cyber Security Market: Market share & Competitor analysis
Some of the key players operating in the Automotive Cyber Security Market are Argus Cyber Security, Magna International, Intel Corporation, Towersec (Harman International Industries Inc.), Karamba Security, Lear Corporation, Escrypt GmBH, Continental AG, Infineon Technologies AG and Cisco Systems Inc, Delphi Automotive PLC, Arilou Technologies, Visteon Corporation, and Trillium Incorporated among others.
In May 2017, Karamba Secirity raised USD 12 million Series B funding for the development of the company’s unique automotive cyber prevention technology.
In September 2017, Honeywell and Lear Corporation collaborated to develop automotive cyber technology and infrastructure solutions to deal with threats associated with connected autonomous vehicle development.