Global Automotive Cyber Security Market Report 2019 : Market Value To Touch USD 6.4 BN By 2026
Posted On December 09, 2019
Value Market Research has recently published a report on the Global Automotive Cyber Security Market. As per this report, the global automotive cybersecurity market had a value close to USD 1.6 BN in 2019 and is expected to touch USD 6.4 BN in 2026 with a CAGR of 22% within the forecasted period from 2020 to 2026. The rise in security concerns in the transportation and automotive sector owing to the increased demand for connected vehicles and the rise in the number of cases of cyber-attacks are factors driving the growth of the automotive cybersecurity market globally. The increase in the purchasing parity of potential customers has led to the demand for additional features such as navigation, telematics and in-car infotainment systems in the vehicle which in turn has led to the growth of the automotive cybersecurity market globally. The rise in intercity logistics and public transportation services are further opening gateways for the automotive cybersecurity market.
Automotive cybersecurity is a term used to refer to an efficient solution for imparting security from attacks on a car computer system. The system detects the threat, protects, and rectifies it if found and helps to avoid further loss. Automotive cybersecurity provides end-to-end security to the vehicles that are vulnerable to cyber-attacks. It offers features such as driving safety, improves transit experience, data protection, risk management and provides protection from vehicle attacks.
Connectivity has been found to increase the productivity of vehicles and reduce fuel costs as well as provide a better transport experience. In light of the growth and demand for car connectivity, vehicles are the new targets for cybercriminals thus creating digital loopholes and further escalating the risk of data theft thus confirming a significant growth of the automotive cybersecurity market globally.
The report “Global Automotive Cyber Security Market Report By Security (Hardware Security, Software Security, Network Security, And Cloud Security), Type (Passenger/Consumer Vehicles And Commercial Vehicles), Application (On-Board Diagnostics, Communication, Safety Systems, Infotainment, Telematics And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers a detailed outlook of the market analysis, market dynamics and the competitive landscape of the global automotive cybersecurity market.
By security, the global automotive cybersecurity market is classified into hardware security, software security, network security and cloud security.By type, passenger or consumer vehicles and commercial vehicles are the segments of the global automotive cybersecurity market.By application, on-board diagnostics, communication, safety systems, infotainment and telematics are the segments of the global automotive cybersecurity market.
Asia Pacific, North America, Latin America, Europe and Middle East & Africa are the geographical segments of the automotive cybersecurity market where North America has been found to be the leading segment as per the report.
The Report Segments Global Automotive Cyber Security Market -
- Hardware Security
- Software Security
- Network Security
- Cloud Security
- Passenger/Consumer Vehicles
- Commercial Vehicles
- On-Board Diagnostics
- Safety Systems
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Audi, BMW, Ford, General Motors, Honda, Volkswagen, Volvo Car Group, and others
Download the FREE SAMPLE of Global Automotive Cyber Security Market Research Report
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