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, the market for Automotive Cyber Security is expected to register a CAGR of 24.88% during the forecast period to 2025. This growth is primarily driven by Increasing Number of Connected Cars and Rising Demand of Security in Connected Car System.
Globally, a noticeable market trend is evident Adoption of Vehicle Telematics
. 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.
- Increasing Number of Connected Cars
- Rising Demand of Security in Connected Car System
- Adoption of Vehicle Telematics
- Growing Cloud-Based Applications in Automotive
- High Cost of Automotive Cyber Security
Technological Development in Autonomous Vehicle
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