The global Automotive Cyber Security Market size is
anticipated to reach USD 14.22 billion by 2030, registering CAGR of 20.93%
during 2022 to 2030, according to a new study by Grand View Research Inc. As
technology develops and the number of software components in an automobile
rises, hackers continue to discover backdoors to remotely access vehicles.
Cyber security in vehicles is expected
to be holistic, protecting both the front and back end of the network
elements as well as the infrastructure used by the automobiles. However, many
automotive companies are not sufficiently safeguarded while cyber security is
battling for the attention with numerous other important automotive concerns.
Advanced feature vehicles include remote start,
online access, and intelligent voice assistants are becoming more common. This
emphasizes the necessity of safeguarding the vehicle from any cyber threats.
Artificial intelligence-enhanced automotive cyber security systems are able to
provide a detailed image of any potential system vulnerabilities. The
proliferation of technology and automation in vehicles are leading to risks and
vulnerabilities.
For instance, Dellfer entered into a partnership
with DENSO which provides cyber security IoT tools for a wide range of
vehicles. Through this partnership, the company aims to update crucial fixes,
without an internet connection.
The industry has undergone a major transition as a
result of many automobile manufacturers switching to electronic automobiles,
with increased connectivity and intelligence. Electronic vehicles (EVs) rely
more on technology for vehicle operations as they become more autonomous and
interconnected, delivering more features and options to improve the experience
of driving.
The market for automotive cyber security is
anticipated to develop as a result of the factors like rising demand for the
automotive cyber security, integrated car software, government standards and
the imposition of mandatory cyber security requirements.
North America emerged as the second-largest
automotive cyber security market and during the forecast period, the adoption
of automated passenger vehicles will fuel the growth of the automotive cyber
security market in North America. The automotive industry's attention has shifted
to hybrid cars, which are leading the market, as a result of the growing
emphasis on lowering vehicle emissions.
Moreover, due to the advancement of cloud
infrastructure and framework, external cloud services are expanding at the
highest rate. Considering that automated vehicles produce a significant amount
of data, cloud services provide a highly- reliable technology.
Related Press Release@ Automotive Cyber Security Market Report
Automotive Cyber Security Market Report Highlights
- In 2022, the application security segment led the market, accounting
for a revenue share 34.6%.In recent years, it has become common for the
car OEMs to offer mobile applications which allow smooth owner and
user interface. These programs offer a wide range of functions,
including the ability to start the car wirelessly, monitor the fuel level,
and perform advanced inspections
- Based on security insights, the market is segmented into endpoint,
application, and wireless network security. Wireless network security
dominated the market with a share of 42.5% in 2022. The Wi-Fi-based
wireless system enables automotive experts to simultaneously monitor
hundreds of data channels during the test runs to track vehicle
operational factors and alter the test as it is being performed
- Energy and information technology advancements are changing how EVs
produce, manage, store, and utilize energy. This has raised the
chances that cyberattacks lead to negative effects. Electric and modern
vehicles are more automated and linked which has increased the
risk of cyber security threats
- Since the coronavirus outbreak, key players operating in the market
have been focused on introducing products that can improve service
quality. In January 2023, ETAS is expected to offer comprehensive
automotive cyber security solutions together with vehicle middleware,
basic software, development tools, end-to-end engineering, cloud-based
operational services, and consulting services
List of the key players in automotive cyber security
market include
- Sheelds
- Vector
- Infomatik GmbH
- NXP Semiconductors N.V.
- Harman International
- Braodcom Inc.
- Denso Corporation
- Honeywell International, Inc.
- Guard Knox Cyber-Technologies Ltd.
Automotive Cyber Security Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 3,769.9 million |
|
Revenue forecast in 2030 |
USD 14.22 billion |
|
Growth rate |
CAGR of 20.93% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Related Reports@
Cyber
Security Services Market
Automotive Cyber Security Market Segmentation
Grand View Research has segmented the global
automotive cyber security market based on the security type, vehicle type,
application, service and region.
Automotive Cyber Security Type Outlook (Revenue, USD
Billion, 2018 - 2030)
- Endpoint
- Application
- Wireless Network
Automotive Cyber Security Vehicle Type Outlook (Revenue,
USD Billion, 2018 - 2030)
- Passenger Car
- Commercial Vehicle
- Electrical Vehicle
Automotive Cyber Security Application Outlook (Revenue,
USD Billion, 2018 - 2030)
- ADAS & Safety System
- Infotainment
- Body Electronics
- Powertrain
- Telematics
Automotive Cyber Security Service Outlook (Revenue, USD
Billion, 2018 - 2030)
- In- Vehicle Services
- External Cloud Services
Automotive Cyber Security Region Outlook (Revenue, USD
Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment