Scope of the Study
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.
The market study is being classified 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 major geographies with country level break-up. According to AMA, the Global Auto Cyber Security market is expected to see growth rate of 23.43% and may see market size of USD5.62 Million by 2025.
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 profiled in the study. 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.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Auto Cyber Security market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Auto Cyber Security market by Type, Application and Region.
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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Number of Connected Cars and Electronic Content per Vehicle and Reinforcement of Mandates by Regulatory Bodies for Vehicle Data Protection
- The Increasing Number of Cloud-Based Applications in the Automotive Industry
- Technological Advancements in the Autonomous Vehicle Space
- Adoption of Vehicle Telematics
- High Cost Involved in Auto Cyber Security
- Exceptional Technological Development in Autonomous Vehicle Space
- Pricing Model of this Market
- Time Lag of Cyber Security Updates to Market for Maintenance and Troubleshooting
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 AudienceAutomotive 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
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