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Driving factors of automotive Cyber Security Market are rise in production of vehicle. Increase in demand and sales of commercial vehicles with technological advancements, increasing amount of vehicle electronic, government stringent emission norms, rising advent of smart transportation systems and higher disposable incomes of the consumers leading to higher demand. Rising primary safety from thefts and increasing probability of hacking increases the demand for security mechanisms in the automotive cyber security market.
High cost of system and complex ecosystem with multiple stakeholders can hamper the growth of Automotive Cyber Security Market.
In terms of Security, Endpoint segment is projected to grow at fastest during the forecast period. Endpoint security is most used in most of vehicles equipped with devices such as Wi-Fi, smartphone, and Ethernet that are connected to endpoint application. Increasing use of smartphone mirror link applications such as Android Auto and Apple Car Play and automobile makerâ€s servers are in need to be protected from tampering and disruption, connections must be secured from the cloud to the vehicle endpoint will boom for demand in automotive cyber security market.
In terms of Application, ADAS segment shares the largest market during the forecast period. ADAS technologies such as night vision, drowsiness monitoring system and road sign recognition systems among others growing at much faster pace. Rapidly expanding hybrid and electric vehicle market and the growth of the autonomous vehicles, will help augment the ADAS in automotive cyber security market. For Instance – European Union has mandated the automotive manufacturers to fit ADAS systems such as lane departure warning systems
Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Emerging economics and strong presence of manufacturers in Japan, South Korea, China, and India will boost the market in this region. Changing in-vehicle electronic architecture, increasing in-vehicle services connected to the external cloud and expansion of leading OEMs of this region will create more opportunity in automotive cyber security market. China is the biggest producer of automobiles in the world and its government promoting the adoption of vehicles with higher fuel efficiency and lower emissions.
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Harman International, Continental AG, Robert Bosch, Denso Corporation, Aptiv, Symantec, NXP Semiconductors, Honeywell International, Trillium Secure, Escrypt, Vector Informatik, Karamba Security, Saferide Technologies, Guardknox Cyber Technologies, Lear Corporation, Audi, BMW, Ford, Honda, Nissan, General Motors and Volvo Car Group.
The scope of the Report Global Automotive Cyber Security Market:
Global Automotive Cyber Security Market, by Form
In-Vehicle
External Cloud Services
Global Automotive Cyber Security Market, by Security
Endpoint
Application
Wireless Network
Global Automotive Cyber Security Market, by Application
Infotainment
Powertrain
ADAS
Safety
Global Automotive Cyber Security Market, by Solution
Software Based
Hardware Base
Integration Service
Professional Service
Global Automotive Cyber Security Market, by Vehicle
Passenger Car
Commercial Vehicle
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Global Automotive Cyber Security Market, by Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key Player analysed in the Global Automotive Cyber Security Market
Harman International
Continental AG
Robert Bosch
Denso Corporation
Aptiv
Symantec
NXP Semiconductors
Honeywell International
Trillium Secure
Escrypt
Vector Informatik
Karamba Security
Saferide Technologies
Guardknox Cyber Technologies
Lear Corporation
Infineon Technologies AG
Argus Cyber Security
Intel Corporation
Trillium Inc.
Delphi Automotive PLC
Lear Corporation
SBD Automotive & Ncc Group
Arilou Technologies
Karamba Security
ESCRYPT GmbH
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