As per this study the Global Automotive Cyber Security Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2027 with a CAGR of XX%.
Automotive cybersecurity refers to an efficient solution for imparting security from attacks on a car computer system. Basically, it detects the threat, protects, rectifies if found and avoid further loss. Automotive cybersecurity provides end-to-end security to the vehicles prone to cyber attacks. It offers driving safety, improves transit experience, data protection, risk management and provides protection from vehicle attacks.
Objectives of the Study:
- Define and measure the global automotive cyber security market
- Revenue forecast of the global automotive cyber security market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
Rising security concerns in the transportation and automotive sector owing to increased demand for connected vehicles and rise in cases of cyber attacks is driving the market growth. Increase in purchasing parity of potential consumer leads to the demand of additional features such as navigation, telematics, in-car infotainment system, etc. in vehicles is driving the market growth. Rising intercity logistics and public transportation services are opening new gateways for the automotive cyber security market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive cyber security.
The broad automotive cyber security market has been sub-grouped into security, type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Hardware Security
- Software Security
- Network Security
- Cloud Security
- Passenger/Consumer Vehicles
- Commercial Vehicles
- On-Board Diagnostics
- Safety Systems
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive cyber security in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Cyber Security Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive cyber security market include Audi, BMW, Ford, General Motors, Honda, Volkswagen, Volvo Car Group, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.