What’s Driving the Automotive Cybersecurity Market Trends? | Key Players are Hyundai, Nissan, Tesla, Volkswagen, Volvo Group, Lear Corporation, Symantec, AT&T, Cisco, Audi, BMW, Daimler, Ford, General Motors, Honda

Automotive Cybersecurity Market in communication application is projected to reach USD 231.4 million by 2024 due to the various innovations in the automotive communication technology which include short-range communication, V2V, V2I, and vehicle to internet communication with the aid of embedded modems and Bluetooth-paired smartphones. As these devices are highly prone to cyber-attacks, it is essential to maintain secure communication between these devices and automobile's interior ECUs. Hence, various automotive and software security providers are entering into strategic partnerships and collaborations to enhance the vehicular communication systems' 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. This collaboration will provide the automotive manufacturers enhanced cybersecurity solutions for communication within the vehicle and increasing safety for external communication through satellite and cellular connectivity.

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The network security dominates the automotive cybersecurity market and is projected to generate a market revenue of USD 236.4 million over the forecast timescale. The in-vehicle networks carry a variety of personal and operational identifiable information such as microphone recording, location, and call and navigation history, due to which protecting the data and messages over the network bus is important for privacy and operational security. Moreover, network protocols, such as Local Interconnect Network (LIN), Controller Area Network (CAN), automotive Ethernet, FlexRay, Wi-Fi, 5G network, Bluetooth, and Dedicated Short-Range Communication (DSRC), also aggravate cybersecurity threats. Therefore, it is important to adopt improved security techniques by interacting with security-enhanced network protocols to provide authenticity, integrity, and reliability of transmitted data.

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

1. AUDI AG
2. Daimler Trucks North America
3. Ford Motor Company
4. American Honda Motor Company, Inc.
5. Nissan Motor Corporation
6. TriLumina Corp.
7. Volvo Cars
8. Argus Cyber Security Ltd.
9. Cisco
10. Intel Corporation

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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This market is growing rapidly due to the rising advent of smart transportation systems. Smart transportation systems combine various innovative information and communication knowhows to form a network of systems, contributing to regulating traffic and changing the way users, organizations, and governments deal with transportation. Hence, automakers are developing ground-breaking technologies, making the trucks and cars safer than before. Connected and autonomous vehicles are the prominent examples of this pioneering technology. Automotive cybersecurity market is projected to surpass USD 837.1 million by 2024.

Europe automotive cybersecurity market is witnessing a fast growth rate and is projected to reach USD 224 million by 2024. Germany dominates the European automotive cyber security market as it is the home to some of the leading automobile manufacturers including Ford, Volkswagen, BMZ, Audi, Mercedes-Benz, Opel, and Porsche. These companies are working with various software cybersecurity providers to increase the security offering aimed at maintaining passenger safety while traveling. For instance, in 2016, Volkswagen collaborated with three Israeli cybersecurity experts to establish an automotive cybersecurity company aimed at making vehicles and their ecosystem highly secured against cyber-attacks. Furthermore, the governments are also investing funds and implementing stringent regulations to improve their automotive offerings. For instance, in 2015, the UK government announced a funding of USD 264 million in its budget for R&D activities for developing connected mobility solutions.

Top key players in global 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 key industry insights spread across 300 pages with 273 market data tables & 51 figures & charts from the report, automotive cyber security market in detail along with the table of contents:

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