Automotive Cybersecurity Market Forecast Analysis By Key Players: Audi, General Motors, Ford, BT Security, Daimler Trucks, Arilou Technologies, Argus Cyber Security, BMW, Honda, Nissan, Cisco Systems

Market Overview: -

According to Global Market Insights, Automotive Cybersecurity Market to surpass USD 800 million by 2024 and is expected to grow at a rate of over 23% during the forecast period. Automotive cybersecurity offers advanced and secured connectivity features to the automotive sector, enhancing the customer experience. It delivers better comfort and helps in achieving societal goals such as good road safety, lesser fuel consumption, traffic management, and parking management, providing a good interconnected driving experience. The government is implementing strict regulations to enhance the vehicle security. For instance, in August 2017, the UK government announced new guidelines encouraging manufacturers to take automotive cybersecurity on priority.

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Top Key Players: -

The prominent vendors present in the automotive cybersecurity market include Audi, General Motors, Ford, BT Security, Daimler Trucks, Arilou Technologies Ltd., Argus Cyber Security Ltd., BMW, Honda, Nissan, Cisco Systems, Inc, Tesla Motors, Lear Corporation, Continental AG, Karamba Security, Volvo Car Group, and Symantec Corporation.

Market share calculation in this report is not done based on companies covered in it. The calculation of automotive cybersecurity market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America dominated the global market with around 51.8% share in 2017. The growing demand for vehicles in this region is due to the integration of automotive and ICT sector. For instance, in January 2018, Honeywell and LG Electronics signed a memorandum of understanding to develop a platform for reducing the risks related to the connected car cyber security technology. Furthermore, the government is also investing in the R&D of automotive cybersecurity. For instance, in March 2018, the U.S allotted USD 100 million for vehicle R&D.

Asia Pacific is projected to grow at around 33.3% CAGR due to the growing demand for connected cars in the region. Furthermore, increasing research in the areas of virus detection and better software in connected vehicles also contributes to the market growth.

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Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definition
1.1.6. Methodology and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Automotive Cybersecurity industry 360º synopsis, 2014 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Security trends
2.1.4. Type trends
2.1.5. Application trends
Chapter 3. Automotive Cybersecurity Market Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2014 - 2024
3.4. Industry ecosystem analysis
3.5. Industry evolution
3.6. Industry architecture
3.7. Cybersecurity life cycle for vehicle protection
3.8. Types of automotive cyberattacks
3.9. Connected cars
3.9.1. Connected cars key trends
3.9.2. Connected cars vulnerabilities
3.10. Market news
3.11. Regulatory landscape
3.11.1. National Highway Traffic Safety Association(NHTSA)
3.11.2. European Union Agency for Network and Information Security (ENISA)
3.11.3. Australian Communications and Media Authority (ACMA)
3.11.4. National Cooperative Highway Research Program (NCHRP)
3.11.5. Emission Controls Manufacturers Association (ECMA)
3.11.6. Safer Journeys Action Plan
3.11.7. Bharat Stage emission standards
3.11.8. Goods Vehicles Licensing of Operators Act
3.12. Technology & innovation landscape
3.12.1. AI and ML-based cybersecurity to deal with real-time threats
3.12.2. Use of blockchain technology
3.12.3. Automotive Cloud Technology (ACT)
3.13. Industry impact forces
3.13.1. Growth drivers
3.13.1.1. Increasing requirement for cybersecurity in connected cars
3.13.1.2. Rising collaboration between the automotive and ICT industry
3.13.1.3. Rise in the market or Advanced Driver Assistance System (ADAS)
3.13.1.4. Growing advent of telematics and cellular network in automotive sector
3.13.1.5. Growing partnerships and funding’s for connected cars cybersecurity
3.13.1.6. Improvement in the consumer safety and mobility along with reduction in environment degradation
3.13.1.7. Growing government rules and regulations
3.13.2. Industry pitfalls & challenges
3.13.2.1. High initial investment expenses
3.13.2.2. Extended adoption rate in emerging markets due to low consumer acceptance
3.13.2.3. Big data increases complexity
3.14. Growth potential analysis
3.15. Porter's analysis
3.16. PESTEL analysis

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Cloud security is the fastest growing segment in the automotive cybersecurity market and it is projected that by 2024, approximately 30% of the vehicles globally will be deployed with cybersecurity cloud services. They examine and manage the fleets of vehicles through software such as management service, which enables them to assess the irregularities and identify unauthorized efforts to attack the connected vehicles. The automotive industry is making huge investments in the cloud technology to secure the automotive cloud environment. For instance, in May 2016, Ford invested USD 182.2 million in Pivotal to use its cloud-based technology in Ford’s auto and mobility services.

The software security segment in automotive cybersecurity market is projected to grow at a CAGR of 24.5% over the forecast period. The proliferation of ECUs in the automobiles has also increased the attack surface making vehicles easily accessible to attackers. There are a large number of ECUs with different capabilities in the automobiles, making them necessary to provide software security to these systems.

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