Industry Background:
Automotive cyber security manages both interior and exterior system of the automobile which are prone to cyber-attack. Technological developments in automotive cyber security provides hardware based security services such as engine control and network monitoring system and software services such as cloud security, data privacy and others. Rising threat of cyber-attacks in automotive systems, technological innovations for advanced features are the key factors expected to drive automotive cyber security market.
According to AMA Research, the market for Automotive Cyber Security is expected to register a CAGR of 24.88% during the forecast period to 2028. This growth is primarily driven by Increasing Number of Connected Cars
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Dominating Type | In-Vehicle Services |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Technology Distributors sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Harman (United States), Continental (Germany), NXP (Netherlands), Escrypt GmbH (Germany), Vector Informatik GmbH (Germany), Harman International (United States), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Symantec Corporation (United States), Honeywell International Inc. (United States), Trillium Secure Inc. (Canada), Karamba Security (United States), Guard Knox Cyber Technologies Ltd. (Israel) and Other, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2022, the Enabling Linux in Safety Applications (ELISA) project announced its commitment to Linux and its effective use in safety-critical applications in connected cars, with Robert Bosch GmbH and XPENG Motors joining the project. Hosted by the Linux Foundation, ELISA is an open-source initiative that aims to create a shared set of tools and processes to help companies build and certify Linux-based safety-critical applications and systems.
Influencing Trend:
Adoption of Vehicle Telematics and Growing Cloud-Based Applications in Automotive
Market Growth Drivers:
Increasing Number of Connected Cars and Rising Demand of Security in Connected Car System
Challenges:
Automotive Hacking
Restraints:
High Cost of Automotive Cyber Security
Opportunities:
Technological Development in Autonomous Vehicle
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Cyber Security Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Cyber Security Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Cyber Security players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Cyber Security Study Sheds Light on
The Automotive Cyber Security Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Cyber Security industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Cyber Security industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.