openPR Logo
Press release

Automotive Cybersecurity Market Trends Analysis By Top Companies: AUDI AG, BMW Group, Ford Motor Company, General Motors, Hyundai Motor Company, Nissan Motor Corporation, Tesla, Volkswagen AG, Cisco, Intel Corporation, Symantec, Lear Corporation

03-06-2019 07:07 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Automotive Cyber Security Market

Automotive Cyber Security Market

According to a new research report by Global Market Insights, Inc., Automotive Cybersecurity Market is set to grow from its current market value of more than $187 million to over $837 million by 2024. 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. The government agencies are also partnering with software providers for telematics cybersecurity solutions driving the automotive cybersecurity market growth.

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

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. 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.

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

1. AUDI AG
2. BMW Group
3. Ford Motor Company
4. General Motors
5. Hyundai Motor Company
6. Nissan Motor Corporation
7. Tesla
8. Volkswagen AG
9. Cisco
10. Intel Corporation
11. Symantec
12. Lear Corporation

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.

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

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 commercial vehicle segment in automotive cybersecurity market is expected to grow at a CAGR of 34.5% over the forecast timeline as these vehicles play a major role in delivering the country’s goods and services and hence, protecting them from the rising cybercrime is a necessity. These vehicles also use relevant technologies to extend their connectivity and assist the businesses to enhance their working efficiency. It helps them in reducing fuel costs and increasing vehicular productivity boosting their demand.

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.

The cloud security is the fastest growing segment in the market and is growing at a CAGR of 29.4% over the forecast timeline. Due to the increase in the number of cloud-connected vehicles, the cloud-based services are also rapidly rising. They offer passengers and the drivers various services ranging from navigation to V2V and V2I communications, avoiding accidents. Hence, to make these services available, the vehicles rely on two-way information sharing, making it important to secure cloud technology, protecting the lives of the passengers, drivers, and pedestrians.

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

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. Furthermore, the U.S. and Canada are the main contributors of new automobiles deployed with the latest technologies, driving the automotive cybersecurity market growth.

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. Moreover, increasing research in the fields of malware detection and improved software in connected vehicles are also contributing to the growth.

Various companies operating in the software and automobile industries are entering into strategic partnerships and collaborations to develop advanced automobile solutions, showcasing tremendous growth opportunities in this sector. The prominent vendors present in the 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.openpr.com/news/1612675/Industrial-Ethernet-Market-Growth-Factor-By-Key-Venders-Cisco-ABB-Beckhoff-Automation-Belden-Inc-Bosch-Rexroth-Honeywell-MOXA-Parker-Hannifin-Rockwell-Automation-Siemens-Schneider-Electric-B-R-Industrial-Automation.html

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
Blog: www.industry-source.org

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Cybersecurity Market Trends Analysis By Top Companies: AUDI AG, BMW Group, Ford Motor Company, General Motors, Hyundai Motor Company, Nissan Motor Corporation, Tesla, Volkswagen AG, Cisco, Intel Corporation, Symantec, Lear Corporation here

News-ID: 1634845 • Views: 447

More Releases from Global Market Insights, Inc.

Asia Pacific Dicyclopentadiene Market to register extensive growth to 2024
Asia Pacific Dicyclopentadiene Market is projected to hold a revenue size of over USD 400 million by 2024. The region witnesses notable production and consumption of the UPR products which will drive the industry growth over 2018-2024. Significant UPR production in the countries like China and Japan coupled with the existence of well-established manufacturing sector in the region will augment the Asia Pacific dicyclopentadiene industry growth. Asian countries are the prime
APAC body worn insect repellent market is expected to be on the top of the overa …
Asia Pacific Body worn insect repellent market size is projected to register a CAGR of over 7.5% through 2024. With the rise in the occurrences of all the vector-borne diseases that include West Nile, Dengue, Chikungunya and malaria as well as increasing penchant for adventure tourism, body worn insect repellent market trends shall witness a considerable boost over the next few years. Request for a sample of this research report
Foam Blowing Agents Market to see 7% CAGR till 2024 | Sinochem, AkzoNobel, ZEON …
A blowing agent is a substance which is capable of producing a cellular structure in a range of different materials that involve phase transition or hardening, including polymers and plastics, among others, via foaming process. One of the major reasons for increasing foam blowing agents market penetration is the capability of the product to enhance the strength and other existing properties of polymeric foams. Proliferating infrastructural development in APAC region
Printing sector is likely to offer impetus to the glycidyl methacrylate market o …
Global printing ink application market size from the =97% purity segment will surpass $95 million by 2025 owing to the thriving automotive, electrical & electronics, food & beverage, metals, and chemicals sector. Wide usage of glycidyl methacrylate in automotive sector is going to significantly promote the growth of glycidyl methacrylate market by 2025 as the automotive industry continues to expand. In-depth table of contents @ https://www.gminsights.com/toc/detail/glycidyl-methacrylate-marke Contact Us Arun Hegde Corporate Sales,

All 5 Releases


More Releases for Motor

Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in
Axial Piston Motor Market
Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2100 An axial piston motor is a positive displacement motor that has a number of pistons in a circular array within a cylinder block. Axial piston motor works with a bent axis design or swash plate principle and is available in both variable and fixed displacement designs. The constant displacement type works as a hydraulic motor and the variable displacement type works as a hydraulic pump. Growing the
Global Luxury Van Market: Honda Motor, Hyundai Motor, Toyota Motor, Ford Motor, …
Qyresearchreports include new market research report Global Luxury Van Market Professional Survey Report 2018 to its huge collection of research reports. This report studies Luxury Van in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and
Enerdoor's Motor Protection Range
Enerdoor has developed a Motor Protection Series to protect motors from harmful overvoltage and dV/dt spikes generated on the output. This is particular useful for applications with variable frequency drives and servo-motors. This series includes common mode and differential mode inductances, sine wave filters and snubbers designed to work with various frequency switches, output frequencies and applications. The sin wave filter series reduces the pulse wave modulation (PWM) effect, converts the PWM
Automobile Market 2017 - Daimler, BMW Group, Honda Motor, Ford Motor, Nissan Mot …
Apex Research, recently published a detailed market research study focused on the "Automobile Market" across the global, regional and country level. The report provides 360° analysis of "Automobile Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Automobile industry, and estimates the future trend of Automobile market on the basis of