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Global Automotive Cybersecurity Market Trends By Major Companies: Intel Corporation, Continental, Cisco, BT, Symantec, Volkswagen AG, Volvo Cars, Tesla, General Motors, Ford Motor Company, Capio, BMW Group, AUDI AG, Nissan Motor Corporation

12-07-2018 06:28 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Spain Automotive Cybersecurity Market Size, By Security, 2017 & 2024 (USD Thousand)

Spain Automotive Cybersecurity Market Size, By Security, 2017 & 2024 (USD Thousand)

North America dominates the automotive cybersecurity market due to the rising collaboration between the automotive manufacturers and software providers to enhance their connected car safety and security. For instance, in January 2018, Honeywell entered into a memorandum of understanding with LG Electronics to develop an automotive software and infrastructure to address the rising risk associated with the connected vehicle technology. The Asia Pacific automotive cyber security market is projected to grow at a CAGR of 33.3% over the forecast period due to the increasing demand for connected vehicles in this region. Increasing investments to develop advanced in-car services and connectivity infrastructure are also driving the automotive cybersecurity market demand.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2714

Automotive Cybersecurity Market size was estimated to be over USD 187 million in 2017 andis set to exceed USD 837 million by 2024; according to a new research report by Global Market Insights, Inc.Improvements in the standard of living and increased disposable income have caused a shift toward the adoption of advanced vehicles offering various benefits such as in-car infotainment systems, navigation, and telematics. As these systems have become increasingly complex, they are more vulnerable to cyberattacks, contributing to the automotive cybersecurity attacks.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Cisco
2. AT&T
3. BT
4. Volvo Cars
5. Volkswagen AG
6. Tesla
7. General Motors
8. Ford Motor Company
9. BMW Group
10. AUDI AG
11. Nissan Motor Corporation

By the leading investors, who support automotive firms. These funds are used by the companies to scale up their cybersecurity profile, fighting against the rising cyberattacks. For instance, in April 2018, Denso an international American firm invested USD 2 million in Dellfer, an automotive cybersecurity company. The company plans to use the funding to enhance its operations in the cyber protection of automobiles.

Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/2714

The On-board Diagnostics (OBD) automotive cybersecurity market application segment is projected to grow at a CAGR of 31.7% over the forecast timeframe due to the rising advent of smartphones and enhanced miniaturization. The vehicle aftermarket manufacturers and startups attach these devices to the on-board diagnostic port present in the connected cars.

The network security accounts for the highest share of 36.4% in the automotive cybersecurity market as attacks exist both in the internal as well as external networks. Over the forecast period, millions of connected vehicles are estimated to be on the roads, increasing the probability of attacks in the network interfaces. These include Bluetooth, on-board diagnostics, Wi-Fi, dedicated short range communication (DSRC), and mobile 4G/5G for V2X communication. The hackers are able to get access through the third-party communication in connected cars. Hence, it is necessary to ensure network security through restricted device management accessibility in vehicle terminals.

As these OBD ports provide direct contact to the Controller Area Network (CAN) bus, it is necessary to protect these ports from cyber attackers. Furthermore, with the usage of these ports in various applications such as fleet management, consumer vehicle diagnostics, and mile-based insurance, the automobile providers should perform early security investigation of these devices to regulate their common vulnerabilities and control security risks.

Browse key industry insights spread across 300 pages with 273 market data tables & 51 figures & charts from the report, Automotive Cybersecurity Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automotive-cybersecurity-market

The infotainment application is anticipated to reach an automotive cyber security market revenue of USD 83 million by 2024 as they deliver major benefits such as audio/ video calling, navigation, live music streaming, Bluetooth and USB connectivity, Wi-Fi, and in-car internet. These systems have access to more and more vehicle functions, making them more vulnerable to the cyberattacks. Various automobile firms are entering into strategic partnerships to secure their connected cars. For instance, in January 2018, Argus Cyber Security partnered with STMicroelectronics to upgrade the cybersecurity measures of connected vehicle technologies.

The automotive cybersecurity market is benefiting from the investments made by the leading investors, who support automotive firms. These funds are used by the companies to scale up their cybersecurity profile, fighting against the rising cyberattacks. In April 2018, Denso an international American firm invested USD 2 million in Dellfer, an automotive cybersecurity company. The company plans to use the funding to enhance its operations in the cyber protection of automobiles.

Some key players in automotive cybersecurity market include AUDI AG, BMW Group, Capio, Cognata Ltd, Daimler Trucks North America, Ford Motor Company, General Motors, American Honda Motor Company, Inc., Hyundai Motor Company, Nebula Systems Ltd., Nissan Motor Corporation, Tesla, TriLumina Corp., Volkswagen AG, Volvo Cars, Argus Cyber Security Ltd., Arilou Technologies, AT&T, Automatic, BT, Cisco, Continental, Intel Corporation, Karamba Security, Lear Corporation, and Symantec.

Browse Related Reports: https://www.gminsights.com/industry-analysis/automotive-cybersecurity-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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