Auto Cyber Security Market Scope
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.
According to AMA, the Global Auto Cyber Security market is expected to see growth rate of 23.43% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Auto Cyber Security market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are SafeRide Technologies Ltd., CYMOTIVE, Upstream Security, Renesas Security Solutions, Irdeto (Part of Naspers), Irdeto's Cybersecurity Roadmap and Panasonic Cybersecurity.
Segmentation Overview
The study have segmented the market of Global Auto Cyber Security market 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 Region with country level break-up.
On the basis of geography, the market of Auto Cyber Security 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).
Influencing Trend:
Technological Advancements in the Autonomous Vehicle Space and Adoption of Vehicle Telematics
Market Growth Drivers:
Growing Number of Connected Cars and Electronic Content per Vehicle and Reinforcement of Mandates by Regulatory Bodies for Vehicle Data Protection and The Increasing Number of Cloud-Based Applications in the Automotive Industry
Challenges:
Pricing Model of this Market and Time Lag of Cyber Security Updates to Market for Maintenance and Troubleshooting
Restraints:
High Cost Involved in Auto Cyber Security
Opportunities:
Exceptional Technological Development in Autonomous Vehicle Space
Market Leaders and their Expansionary Development Strategies
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 Target Audience
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
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.