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At a CAGR of 22.2% Automotive Cyber Security Market Size to Accrue US$ 119.6 Bn globally By 2030: Industry Trends, Forecast Report by R&I

Submitted by HarryKons on Fri, 12/09/2022 - 07:09

The “Automotive Cyber Security Market: Opportunity Analysis and Future Assessment 2022-2030” research report offers a comprehensive and an in-depth evaluation of the progressive market trends, growth areas, opportunities, drivers, and restraints, which would allow clients and stakeholders to line up their market strategies as stated in present & future market dynamics. The Automotive Cyber Security Market is estimated to escalate at around 22.2%. CAGR during 2022-30. A strategic assessment of the market growth trajectory in the forecast period, whilst taking into account the Covid-19 impact on the industry, is also included in the research study, with certain information established by research experts.

The automotive cyber security market is estimated to reach at a value of US$ 24.2 Bn by the end of 2022 and expected to reach at a value of US$ 119.6 Bn by 2030 with a significant CAGR of 22.2%.

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Automotive Cyber Security Introduction

Cybersecurity, against the backdrop of automotive industry and road vehicles, can be perceived as the security of automotive electronic systems, control algorithms, communication networks, users, software, and inherent data from malevolent damage, attacks, unauthorized access, or manipulation. The swift transition by the majority of the automotive companies to electronic road vehicles has primarily transformed the industry, as a result, elevating the connectivity and smart features in cars. Now as vehicles become smarter and more connected, electric vehicles (EVs) also become more plausible on software for vehicle functions, boosting more advanced attributes and functionality to improve the driving experience. More functionality and features in transportation vehicles lead to more code and more intricacies. Greater volume of code further gives rise to more difficulties. Issues such as a higher vehicle attack surface is likely to pave its way to fragilities and exposures for attackers to exploit to regulate and take the control of the vehicle. This puts forward critical safety problems and cybersecurity concerns that ultimately stimulates the need of an effective automotive cyber security system across the market. Owing to which, the global automotive cyber security market is projected to witness significant growth over the forthcoming future.

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Automotive Cyber Security Market Segmentation

The global automotive cyber security market is segmented on the basis of form, component, application, vehicle, and region

By Form

  • In-Vehicle
  • External Cloud Service

By Component

  • Hardware
    • Hardware Security Modules (HSMs)
    • Secure Vehicle Network Gateways
    • Trusted Platform Modules (TPM)
    • Others
  • Software
    • Embedded Firewalls
    • Encryption & Cryptography
    • Biometrics & Authentication
    • Others
  • Services
    • Professional Services
      • Security Consulting & Risk Assessment
      • Integration & Deployment
    • Support & Maintenance
    • Managed Security Services

By Application

  • Telematics
  • Infotainment Systems
  • Powertrain Systems
  • ADAS & Safety Systems
  • Body Control Systems
  • Others

By Vehicle

  • Fuel-based Vehicles
    • Passenger Cars
    • Commercial Vehicles
  • Electric Vehicles
    • Passenger Cars
    • Commercial Vehicles

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Automotive Cyber Security Market Key Players

Some of the key participating players in global automotive cyber security market are:

  • Continental AG
  • Bosch Limited
  • HARMAN International
  • Aptiv
  • Karamba Security
  • SafeRide Technologies
  • ARILOU Automotive Cyber Security, part of NNG Group
  • Infineon Technologies AG
  • Argus Cyber Security Ltd.
  • Intel Corporation
  • Lear Corporation
  • SBD Automotive Ltd
  • Honeywell International Inc.
  • Vector Informatik GmbH
  • NXP Semiconductors
  • Capgemini
  • secunet

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