January 07, 2021
According to the research report titled ‘Global Automotive Cyber Security Market Analysis, 2020’, available with Market Study Report LLC, global automotive cyber security market is expected to witness a y-o-y growth rate of 22% between 2020 and 2025.
Substantial technological advancements in automobiles have allowed for the development of vehicles with high-tech features and remote connectivity, which in turn is one of the major factors driving the growth of global automotive cyber security market. These technological integrations have made vehicles highly vulnerable to cyber-attacks, thereby fueling the product demand.
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High occurrence of organized and sophisticated cyber-attacks and surging investments in this business domain are also adding traction to the overall market size. Moreover, collective inclination towards adopting connected cars along with growing demand for in-vehicle infotainment systems and mobile integration capabilities are stimulating global automotive cyber security industry outlook.
Global automotive cyber security market report delivers critical information of this business domain. It highlights several parameters such as growth drivers, limitations & restraints and additional expansion trends impacting the growth rate of this business space over the period of 2020-2025. It also talks about several market segmentations and offers key insights to their relevant contribution towards the overall industry remuneration.
By form, the market is segmented into in-vehicle and external cloud services. In terms of electric vehicle, global automotive cyber security market is split into hybrid electric vehicle, battery electric vehicle and plug-in hybrid electric vehicle. By technology, the market is split into unified threat management, managed security, integration, consulting, and others.
Moving on to security type, the industry is bifurcated into network security, wireless network security, hardware security, end point security, cloud security, and application security. Among these, the report states that global automotive cyber security industry size from end-point security segment is likely to expand considerably during the study period, owing to rising number of vehicles which can be connected to smartphones, Ethernet, and other mobile applications.
The component analysis of global automotive cyber security industry consists of services, software and hardware. The software segment is further divided into security & vulnerability management and identify access management.
Speaking of vehicle type, the market is categorized into commercial vehicle and passenger vehicle. Meanwhile, the application scope of the overall market consists of telematics system, safety systems, power train system, on-board diagnostic, infotainment system, communication system, body control & comfort system, advanced driver assistance system & safety system, and others.
From the regional point of view, North America and Asia-Pacific are predicted to emerge as key revenue contributors to worldwide automotive cyber security industry in the subsequent years. Proliferating sales of connected cars, high concentration of key manufacturers and growing demand for premium vehicles are facilitating the business scenario in the two regions.
The prominent companies operating in global automotive cyber security industry are Trillium Secure Inc., Karamba Security Ltd., NortonLifeLock Inc. (Symantec Corp.), Vector Informatik, Aptiv plc, Denso Corporation, Continental AG, Robert Bosch GmbH, Harman International Industries Inc., and Honeywell International Inc. among others.