The global Automotive Cybersecurity Market size is expected to reach USD 334.9 million by 2026 according to a new study by WhipSmart Market Intelligence Research. The report “Automotive Cyber Security Market by Form (In-Vehicle, External Cloud Services), Security (Endpoint, Application, Wireless Network), Application (Infotainment, Powertrain, ADAS & Safety), Vehicle Type, EV Type; By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing emphasis of OEMs on autonomous driving and connected car systems have increased the risk of information breaching, thus augmenting the demand for cyber security solutions within the automotive market. Moreover, increasing usage of e-mobility across the globe is predicted to drive the market. The need for cyber security within the automotive industry is steadily increasing and this will be attributed to the increasing threat of cyber-attacks in the transportation and automotive systems. The worldwide automotive cyber security market is being strongly driven by the increasing connectivity of vehicles and therefore the growing need for security within the connected cars ecosystem. The increasing integration of advanced features and rising adoption of telematics services in automobiles also are strongly boosting the expansion of the worldwide automotive cyber security market.
However, the high cost of automotive cybersecurity and therefore the lack of standards including the poor integration of components may cause the cyberattack, hence, such factors might hinder the general market at a worldwide level. Furthermore, growing investment in R&D and technological development by various automotive manufactures is creating numerous opportunities for the market to grow.
The Asia Pacific market is estimated to carry the most important market share and is estimated to grow at a big CAGR during the forecast period. The market growth within the region are often attributed to the rise in vehicle production and rising adoption of connected vehicles. Expansion of leading OEMs and automotive component suppliers in developing economies like China and India also are projected to drive the market growth during this region.
The key players in the market Argus Cyber Security Ltd., Arilou Technologies, Vector Informatik GmbH, NXP Semiconductors N.V., HARMAN International, Continental AG, ESCRYPT, Karamba Security, Robert Bosch GmbH, Symantec Corporation, Denso Corporation, Honeywell International, Inc. And Guardknox Cyber Technologies Ltd. among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart Market Intelligence Market research has segmented the Automotive Cybersecurity Market report on the basis of security, application, vehicle, EV and region
Automotive Cybersecurity Security Outlook (Revenue, USD Million, 2019 – 2026)
- Endpoint security
- Application security
- Wireless network security
Automotive Cybersecurity Application Outlook (Revenue, USD Million, 2019 – 2026)
- Telematics system
- Infotainment system
- Powertrain system
- Body control and comfort system
- Communication system
- ADAS and Safety system
Automotive Cybersecurity Vehicle Outlook (Revenue, USD Million, 2019 – 2026)
Automotive Cybersecurity EV Outlook (Revenue, USD Million, 2019 – 2026)
AI Governance Regional Outlook (Revenue, USD Million, 2015 – 2026)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Saudi Arabia