Global Automotive Cyber Security Market Size, Share, Trend, and Forecast 2022 – 2032
The Global Automotive Cyber Security Market size is to grow from USD 2.44 billion in 2022 to USD 18.87 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period.
Get a free sample PDF: https://www.sphericalinsights.com/request-sample/2094
Automotive cybersecurity refers to safeguarding automobiles against illegal access and cyberattacks. Cyberattacks are more likely as cars become more technologically sophisticated and networked. The goal of automotive cybersecurity is to protect vital networks and systems, like infotainment and autonomous driving capabilities, within automobiles. This entails putting in place intrusion detection systems, encryption methods, and robust security measures. Risk identification and mitigation depend heavily on vulnerability assessments, threat intelligence, and ongoing monitoring. Cybersecurity standards are becoming more important to the automotive industry and regulatory agencies in order to protect vehicle users’ privacy and safety.
Over the course of the forecast period, the external cloud services segment is anticipated to grow at a CAGR of about 18.1%.The global automotive cyber security market is divided into two segments based on product type: in-vehicle services and external cloud services. In the automotive cybersecurity market, it is projected that the external cloud services segment will grow at a substantial rate over the forecast period. This trend is caused by a number of factors, including the increasing amount of data generated by connected vehicles and the need for cloud-based services to store, process, and analyse this data. Automotive companies can manage and secure their data more effectively with the help of scalable and flexible solutions provided by external cloud services.
Over the course of the forecast period, the ADAS & safety system segment is anticipated to grow at a CAGR of about 20.2%.The global automotive cyber security market is divided into the following segments based on application: body electronics, telematics, infotainment, ADAS & safety system, and powertrain. Over the course of the forecast period, the advanced driver assistance system (ADAS) & safety system segment is expected to grow significantly. This is explained by the increased adoption of ADAS technologies as a result of the growing emphasis on enhancing vehicle safety and lowering accident rates. These systems are vulnerable to cyberattacks because of their heavy reliance on sensors, cameras, and communication networks. As a result, strong cybersecurity solutions are becoming more and more necessary to safeguard ADAS and safety systems.
List of Key Companies
- Vector Informatik GmbH
- Broadcom Inc.
- Denso Corporation
- Honeywell International, Inc.
- Guard Knox Cyber-Technologies Ltd.
- Karamba Security
- Synopsys
- Upstream Security
- Sectigo Limited
- ESCRYPT
- RunSafe Security, Inc.
- Trend Micro
- Harman International
- Trillium Secure Inc.
- STMicroelectronics
- Infineon Technologies AG
- NXP Semiconductors
- Bosch Mobility Solutions
- Microchip Technology
Market segmentation:
By Security Type
- Endpoint
- Application
- Wireless Network
By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Electrical Vehicle
Competitive analysis:
The competitive analysis section of the Global Automotive Cyber Security Market Research Report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on “Global Automotive Cyber Security Market Size, Share, and COVID-19 Impact Analysis, By Security Type (Endpoint, Application, and Wireless Network), By Vehicle Type (Passenger Car, Commercial Vehicle, and Electrical Vehicle), By Application (ADAS & Safety System, Infotainment, Body Electronics, Powertrain, and Telematics), By Service (In-Vehicle Services and External Cloud Services), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032″.
Access full report: https://www.sphericalinsights.com/reports/automotive-cyber-security-market
The Global Automotive Cyber Security Market Report aims to answer the following key questions:
- What are the main products and services offered in the market, and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market, and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global Automotive Cyber Security Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
About Newness Insights and Consulting
Newness Insights & Consulting is a dynamic market research and consulting company specializing in delivering valuable market research studies, precise quantitative forecasting, and insightful trend analysis tailored to empower decision-makers. Our forward-looking insights are meticulously crafted to enhance ROI and drive success.
We serve a diverse range of industries, including the financial sector, industrial enterprises, government organizations, universities, non-profit entities, and corporations. Our core mission revolves around collaborating with businesses to not only attain their strategic objectives but also sustain continuous improvement.
CONTACT US:
For more information on your target market, please contact us below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us