
Automotive Cyber Security Market
ICT
PDF,PPT
Reports and Insights
234
May 2022
Recent
Automotive Cyber Security Market Overview
The report is titled as ‘Automotive Cyber Security Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Automotive Cyber Security Market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.
The automotive cyber security market is estimated to reach at a value of US$ 24.2 Bn by the end of 2022 and expected to reach at a value of US$ 119.6 Bn by 2030 with a significant CAGR of 22.2%.
Automotive Cyber Security Introduction
Cybersecurity, against the backdrop of automotive industry and road vehicles, can be perceived as the security of automotive electronic systems, control algorithms, communication networks, users, software, and inherent data from malevolent damage, attacks, unauthorized access, or manipulation. The swift transition by the majority of the automotive companies to electronic road vehicles has primarily transformed the industry, as a result, elevating the connectivity and smart features in cars. Now as vehicles become smarter and more connected, electric vehicles (EVs) also become more plausible on software for vehicle functions, boosting more advanced attributes and functionality to improve the driving experience. More functionality and features in transportation vehicles lead to more code and more intricacies. Greater volume of code further gives rise to more difficulties. Issues such as a higher vehicle attack surface is likely to pave its way to fragilities and exposures for attackers to exploit to regulate and take the control of the vehicle. This puts forward critical safety problems and cybersecurity concerns that ultimately stimulates the need of an effective automotive cyber security system across the market. Owing to which, the global automotive cyber security market is projected to witness significant growth over the forthcoming future.
Automotive Cyber Security Market Segmentation
The global automotive cyber security market is segmented on the basis of form, component, application, vehicle, and region
By Form
External Cloud Service
By Component
Hardware Security Modules (HSMs)
Secure Vehicle Network Gateways
Trusted Platform Modules (TPM)
Others
Software
Embedded Firewalls
Encryption & Cryptography
Biometrics & Authentication
Others
Services
Professional Services
Security Consulting & Risk Assessment
Integration & Deployment
Support & Maintenance
Managed Security Services
By Application
Infotainment Systems
Powertrain Systems
ADAS & Safety Systems
Body Control Systems
Others
By Vehicle
Passenger Cars
Commercial Vehicles
Electric Vehicles
Passenger Cars
Commercial Vehicles
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Automotive Cyber Security Market Key Players
Some of the key participating players in global automotive cyber security market 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
secunet
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Automotive Cyber Security
Advantages of Automotive Cyber Security
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
Frequently Asked Question
What is the projected market size & Compound Annual Growth Rate (CAGR) of the automotive cyber security market?
The automotive cyber security market is estimated to reach at a value of US$ 24.2 Bn by the end of 2022 and expected to reach at a value of US$ 119.6 Bn by 2030 with a significant CAGR of 22.2%.
Which is base year calculated in the automotive cyber security market report?
The base year for the report is 2021 in automotive cyber security market.
What segments are covered in automotive cyber security market report?
The global automotive cyber security market is segmented on the basis of form, component, application, vehicle, and region
What are the key participating players in the automotive cyber security market?
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, secunet