The global Automotive Cyber Security Market is expected to register a CAGR of ~18.5% from 2022 to 2030 and hold a value of over USD 8,940.1 Million by 2030.
The automotive cyber security industry may be
classified based on the kind of security. Network security, endpoint security,
application security, and wireless security are all types of security. The
development of wireless networks has lowered the complexity of cyber security.
Wireless gadgets in automobiles assist to decrease the possibility of location
monitoring by using explicit IDs in protocols or recognizable patterns in
waveforms.
Regional Analysis
North America dominates the automotive cyber
security market because of various cross-industry collaborations between
automotive original equipment manufacturers and mobile network operators (MNOs)
for continuous internet access within a car to improve the user experience of
connected life while driving.
The Asia-Pacific region is a significant
participant in the market. As major organizations and SMEs in the area are
progressively embracing cloud-based cybersecurity solutions.
Automotive Cyber Security Market Demand
and Growth:
The automotive cyber security market has
experienced significant growth in recent years due to increasing concerns about
the security of connected and autonomous vehicles. The rise of connected
vehicles and the Internet of Things (IoT) has created a new layer of
vulnerability, making it necessary to have robust cybersecurity measures in
place.
Several factors have contributed to the growth of
the automotive cybersecurity market. These include:
1.
Growing number of
connected vehicles: The number of connected vehicles on the road is increasing
rapidly, leading to a higher demand for cyber security solutions.
2.
Increase in
cyber-attacks: As the number of connected vehicles increases, so does the
number of cyber-attacks targeting these vehicles. This has led to an increased
demand for robust cybersecurity solutions.
3.
Government
regulations: Governments around the world are implementing regulations to
protect the safety and security of connected vehicles, which is driving the
growth of the automotive cybersecurity market.
4.
Rising concern about
data privacy: As more personal and sensitive information is stored in vehicles,
there is a growing concern about data privacy, leading to an increased demand
for cyber security solutions.
Overall, the automotive cybersecurity market is
expected to continue its growth trajectory in the coming years as the number of
connected vehicles increases and the need for robust cybersecurity solutions
becomes more pressing.
Market
Segmentation
The Global Automotive
Cyber Security Market has been segmented into Security Type, Vehicle Type,
and Application
Based on Security Type, the market has been
segmented into Network Security, Endpoint Security, Application Security,
Wireless Security, and Cloud Security.
Based on the Vehicle Type, the market has been
segmented into Passenger Cars, Commercial Vehicles.
Based on the Application, the market has been
segmented into Telematics, On Board Diagnostic (OBD), Infotainment,
Communication Channels, Powertrain, Safety Systems, Others.
Key Players
Some of the key market players are Intel
Corporation, Escrypt Embedded Systems, Secunet AG, Cisco Systems Inc,
Harman International Industries Inc, NNG Software Developing and Commercial,
Argus Cyber Security, Intel Corporation, NXP Semiconductors, Karamba Security.
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TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection,
Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
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