What is Automotives Cybersecurity Market?
With the growth in the automotive industry, the cybersecurity protocols have been used for protection of vehicles from malicious factors. Automotive cybersecurity helps in securing the communication networks, software, electronic systems, and the data collected with the help of the new wave of intelligent cars from harm. At present, there are many connected and automated vehicles are existing and the connectivity features and sharing of information are highly used for additional maintenance and for traffic safety features. This feature of highly connected networking increases the chances of an attack on the vehicles and also on the connected infrastructure by hackers with various motives and thus brings new risks for vehicle cybersecurity. Being aware of this reality, the automotive industries have taken very high efforts for designing and producing a safe and securely connected automated vehicle.
Highlights from Automotives Cybersecurity Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Continental (Germany), Capgemini (France), Vector Informatik GmbH (Germany), CENTRI Technology (United States), ARXAN TECHNOLOGIES, Inc (United States), MOCANA (United States), APTIV (Ireland), DELLFER (United States), DigiCert, Inc. (United States), ARGUS CYBER SECURITY (Israel), NVIDIA (United States), Escrypt (Germany), HARMAN (United States) and INTERTRUST (Netherlands) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Automotives Cybersecurity market throughout the forecasted period.
Continental (Germany), Capgemini (France), Vector Informatik GmbH (Germany), CENTRI Technology (United States), ARXAN TECHNOLOGIES, Inc (United States), MOCANA (United States), APTIV (Ireland), DELLFER (United States), DigiCert, Inc. (United States), ARGUS CYBER SECURITY (Israel), NVIDIA (United States), Escrypt (Germany), HARMAN (United States) and INTERTRUST (Netherlands) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are NXP (Netherlands) and GUARDKNOX (Israel). Automotives Cybersecurity Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Identity & Access Management, Threat Simulation, Detection & Response and Others |
Type | Cloud Security, End-Point Security, Wireless Security and Application Security |
Deployment Type | In-Vehicle,On Cloud |
Vehicle Type | Commercial Vehicle,Passenger Vehicle,Electric Vehicle |
On the basis of geography, the market of Automotives Cybersecurity has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rise in the Demand for In-Vehicle Applications Is a Growing Trend Owing To an Increase in the Global Automotive Cyber Security Market
Market Growth Drivers:
Increasing Usage of the Endpoint Applications like Mobile, Radio, And Smart Antennas In Vehicles in Developing Economies will Drive the Automotive Cyber Security Market and Growing Expansion of the leading OEMs and automotive component suppliers in developing economies boosts the Growth of the Automotive Cyber Security Market
Challenges:
Availability of New Advanced Technologies, The Electronic Control Units Installed In Vehicles Are Vulnerable To the Threat of a Cyber Attack and Development of Counter-Measures Is a Very Difficult Task Due To the Lack of Standardization in Cyber Security
Restraints:
Specific Data Processing for Specific Software and The High Costs Involved In Automotive Cyber Security and the Complex Ecosystem Having Multiple Stakeholders
Opportunities:
Growth in the Use of Cloud-Based Platforms and Due to a Significant Amount of Growth in the Sales of Mid-Sized and Luxury Vehicles All Across the Globe
Key Target Audience
Service Providers for Automotive Cybersecurity, Automotive Industry and Regulatory Bodies
Market Leaders & Development Strategies
In February 2019, Capgemini announced that it had fulfilled all regulatory requirements, closing the acquisition of Leidos Cyber, the commercial cybersecurity arm of Leidos, a FORTUNE 500 company that it announced in June 2018. It has joined the group to address the growing client demand for cybersecurity services and solutions in North America.