Automotive Cyber Security Market 2022 Size Expected To Grow at a 18.56% by Top Players Analysis, Share, Rising Trends and Developments to 2030
Research Reports
Jun 17, 2022
Automotive Cyber Security Market is projected to be worth USD 8.94 billion by 2028, registering a CAGR of 18.56% during the forecast period 2021 – 2028
Automotive Cyber Security Market Overview
The global automotive cybersecurity market 2022 is expanding at a fast pace due to the adoption of the Internet of Things (IoT) in the automotive industry. The market leaders are innovating constantly and seeking market expansion through various tactics like rigorous research and development, mergers and acquisition et al. The increasing data threats such as cyber-attacks have also resulted in the expansion of the market at a global level. Besides, the robust increase in the usage of smartphones and several apps has aided in expanding the market. The automotive cybersecurity market is likely to propel during the forecast period. With the increasing dependency and addiction to technology, there has been a swift adoption of technology in several areas, which has resulted in the expansion of the market. The automotive cybersecurity market is very competitive due to initiatives taken by the government to secure the data and rapid increase in the usage of web-based applications. However, due to lack of awareness about technological dangers through the internet are some of the factors that may act as an obstacle in the expansion of the automotive cybersecurity market.
The increasing focus on introducing innovative and efficient printing materials to provide lightweight spare parts, reducing material wastage and lowering the turnaround time is driving the expansion of the global Automotive Cyber Security market. The increasing government support for research and development in 3D printing technology is likely to impact positively on the growth of the global Automotive Cyber Security market.
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Globally Major key Players accelerates the Automotive Cyber Security Market are,
- Intel Corporation (U.S.)
- Escrypt Embedded Systems (Germany)
- Secunet AG (Germany)
- Cisco Systems Inc. (U.S.)
- Harman International Industries Inc. (U.S.)
- NNG Software Developing and Commercial LLC. (Hungary)
- Argus Cyber Security (Israel)
- Intel Corporation (U.S.)
- NXP Semiconductors N.V. (Netherlands)
- Karamba Security (Israel)
Most important Segments of Automotive Cyber Security market covered in this report are,
The automotive cybersecurity market can be segregated on the basis of vehicle type, security type, application, and region.
On the basis of vehicle type, the global automotive cybersecurity market can be divided into a commercial vehicle and comprises passenger cars.
On the basis of security type, the global automotive cybersecurity market can be divided into endpoint security, wireless security, comprises network security, application security, and cloud security.
On the basis of application, the global automotive cybersecurity market can be divided into On-Board Diagnostic (OBD), Comprises Telematics, Infotainment, Powertrain, Communication Channels, Safety Systems, and others.
On the basis of region, the global automotive cybersecurity market can be divided into Europe, North America, Asia Pacific, and the Rest of the World.
Automotive Cyber Security Industry Influence of the global market report:
- Comprehensive assessment of all opportunities and risks in the Automotive Cyber Security Market.
- Automotive Cyber Security Market recent innovations and major events.
- A detailed study of business strategies for the growth of the Automotive Cyber Security Market market-leading players.
- Conclusive study about the growth plot of Automotive Cyber Security Market for forthcoming years.
- In-depth understanding of Automotive Cyber Security Market, market-particular drivers, constraints, and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Automotive Cyber Security Market.
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The global Automotive Cyber Security market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.
Automotive Cyber Security Market Regional Analysis
The geographical analysis of Europe, North America, Asia Pacific, and the Rest of the World (RoW) has been performed. As per the analysis, North America is dominating the global automotive cybersecurity market and seizes the maximum market share. There have been several cross-industry collaborations taking place between mobile network operators (MNOs) and automotive original equipment manufacturers. The collaborations took place intending to increase internet connectivity and give a seamless experience to the users while driving. The automotive cybersecurity market in the APAC region is expected to expand at a significant CAGR from 2016 to 2022 due to the presence of SMEs and large enterprises and their fast adoption of cloud-based cybersecurity solutions. The emerging economies like India and China have a significant role in expanding the market. The European market for automotive cybersecurity market is estimated to grow at a significant CAGR during the forecast period from 2016 to 2022. With the presence of developed economies like the U.K. and Germany, the region is likely to expand considerably. The RoW is likely to show a moderate expansion during the review period.
Automotive Cyber Security market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.
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