Automotive Cyber Security Market Overview, Merger and Acquisitions Forecast To 2027

Precision Business Insights published a research report on “Automotive Cyber Security Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026".

With driverless vehicles and linked automobiles on the horizon, security worries in the automotive sector have escalated. As a result, the number of cyber-attacks in the automotive sector is increasing, increasing the demand for automotive cybersecurity solutions. Hackers have easy access to the car, which is made up of many electrical components connected by an internal network. By getting access to a peripheral electronic control unit, the hackers might take entire control of safety-critical parts also including engines or brakes. Furthermore, there could be issues with the security of intelligent security systems that connect with autos. As a result of the increased requirement for cybersecurity in the automobile industry, the market for automotive cybersecurity has grown.

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With the daily increase in the number of vehicles on the road and the rapid advancement of the technology involved, it is critical to establish a strong cybersecurity system. If this is not paid attention to, one can hack into the system and start a slew of fraudulent operations. By recognizing the risk, correcting it, and protecting the computer's security system against future threats, an automotive cybersecurity method is an effective and productive approach for dealing with cyber threats. The increased demand for an efficient and effective security system is due to the increasing introduction of advanced technologies in the automotive industry. Rising cyber dangers in the transportation and automotive sectors would boost demand even more. The vehicle cyber security market will continue to grow and expand as intercity logistics and transport services improve. In addition, rising demand for passenger and commercial automobiles equipped with innovative technologies, as well as rising personal income, will expand market potential.

The global Automotive cyber security market is fragmented in terms of form, security, application, offering, vehicle type, and electric vehicle type. On the basis of security, the Global automotive cyber security market is classified into application, endpoint, and wireless. In terms of application, global automotive cyber security market is divided into body control & comfort, ADAS & safety, telematics, infotainment, powertrain systems, and communication systems. In terms of offering, the global automotive cyber security market is categorized into hardware and software.

The market is currently dominated by North America. The government's focus and actions toward developing an effective cyber security system have allowed the region to dominate the sector. Furthermore, the ever-increasing demand for automobiles, which is a result of the confluence of the automobile and ICT sectors, has allowed the area to capture the highest part of the market. For the forecast period, Asia-Pacific is expected to have the greatest CAGR. This region will achieve this achievement because to a shift in people's lifestyles and an expansion in purchasing power parity, as well as a demand for vehicles with innovative technology.

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There are some major players working in automotive cybersecurity market, which include Herzog, Cobra Braids, NIEHOFF Schwabach, OMA, Spirka Schnellflechter, Mayer Industries, Steeger, Knitting Machinery Corp, Windmill Associates.

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