Market Highlights: Automotive Cyber Security Market is expected to grow significantly owing to rise in use of IoT technology and growing the concern regarding security. Rising threat of cyber-attacks in automotive systems, technological innovations for advanced features are the key factors expected to drive automotive cyber security market. The market study is being classified by Type (Wireless Security and Network Security), by Application (Telematics Systems, Infotainment Systems, Powertrain Systems, Body Control & Comfort Systems, Communication Systems and ADAS & Safety Systems) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Auto Cyber Security are Harman (United States), Vector (Germany), Denso Corporation (Japan), Continental (Germany), NXP (Netherlands), Escrypt (Germany), Robert Bosch GmbH (Germany), Trillium Secure (Canada), Karamba Security (United States) and GuardKnox Cyber Technologies Ltd. (Israel).
The Vehicle, such as Passenger Car, is boosting the Auto Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Form, such as In-Vehicle, is boosting the Auto Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Electric Vehicle, such as Battery Electric Vehicle (BEV), is boosting the Auto Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Security, such as Endpoint Security, is boosting the Auto Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In March 2022, Vector Informatik GmbH, a German-based company specializing in the development and testing of automotive electronics and software-based systems, acquired 100% of the assets of the American company Gimpel Software LLC. Gimpel Software was founded with the goal of making life easier for C programmers and has been a pioneer in static analysis software since 1985. There has been significant growth worldwide ICT spending increasing adoption of connected devices for the Internet usage has been driving the demand for automotive cybersecurity. Constant innovation and launches of ICT technologies since the past few years will also continue to fuel the global automotive cyber security market in the next few years.
Key Questions Answered in the Report What will the Auto Cyber Security Market size and the growth rate be in Future? What are the key factors driving the Auto Cyber Security Market? What are the key market trends and macro-economic impacting the growth of the Auto Cyber Security Market? What are the challenges to market growth? Who are the key vendors in the Auto Cyber Security Market? What are the market opportunities and threats faced by the vendors in the Auto Cyber Security Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Auto Cyber Security Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Auto Cyber Security market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Auto Cyber Security market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive cybersecurity manufacturers, Automobile organizations/associations, Compliance regulatory authorities, Investors and Venture Capitalists (VCs), Raw material suppliers for automotive cyber security, Traders, distributors, and suppliers of automotive cyber security, Government organizations, Research Organizations, Market Research and Consulting Companies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.