Press release
Automotive Cyber Security Market Top-players and Qualitative Future Analysis Forecast Until 2028 : Synopsys, Upstream Security, Sectigo Limited, ESCRYPT
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Automotive Cyber Security Market Dynamics
Drivers: Increased use of electronics per vehicle and a growing number of connected cars
A vehicle's overall weight has recently decreased because of electrification. Consequently, the automotive industry's demand for electronics has grown quickly. Automobiles are more susceptible to cyberattacks due to the growing use of electronics. Cyberattacks could target the electronic parts used in telematics, infotainment, engine, body, communication, and ADAS systems, among other uses. As a result, stakeholders have begun to spend money on cybersecurity technologies to provide reliable electronic platforms for cars. Increasing vehicle connectivity has increased a vehicle's vulnerability to cyberattacks. As a result, the market is expanding due to rising connected vehicle sales and increased use of electronics in vehicles.
Restraints: Growing complexity in the electronic vehicle system
Electronic driver assistance systems are becoming increasingly popular due to rising demand for vehicle safety in terms of accident prevention, driver safety, and sophisticated communication & data safety (parking, lane assist, speed regulation, blind spot detection, pre-collision warning, etc.). The complexity of automotive electronic architectures has increased, giving hackers more opportunities to compromise a vehicle. These opportunities include automatic cooling, seat adjustment with memory, automatic tailgate opening, and performance control. To mitigate these issues, the hardware would need to be physically strengthened, and more complex software solutions, increasing implementation costs for OEMs and impeding market expansion.
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Key Market Players
The automotive cyber security market is dominated by a few global players and comprises several regional players. Some key manufacturers operating in the market are Continental (Argus Cyber Security), Guardknox Cyber-Technologies Ltd., Vector Informatik GmbH, Karamba Security, Synopsys, Upstream Security, Sectigo Limited, ESCRYPT, RunSafe Security, Inc., Trend Micro, Harman InternationalX Trillium Secure Inc., STMicroelectronics, Infineon Technologies AG, NXP Semiconductors, Bosch Mobility Solutions, Microchip Technology, Aptiv and Irdeto.
Recent Developments
In November 2021, to provide improved driving experiences, convenience, and services like over-the-air upgrades across its global fleet of vehicles, including the 2021 Ford F-150 truck, Mustang Mach-E, and Bronco SUVs, NXP Semiconductors cooperated with Ford Motor Company.
In October 2021, to create more sophisticated Wi-Fi connectivity capabilities and provide end-to-end connectivity solutions for clients and access points, Renesas Electronic Corporation bought Celeno Communications (Israel).
In September 2021, the Renault MΓ©gane E-TECH 100% electric, scheduled to go on sale in 2022, will have a Harman Kardon sound system thanks to a partnership between Harman International and Renault (France).
In August 2021, in collaboration with experts from Virginia Tech, the University of Queensland, and the Gwangju Institute of Science and Technology, researchers at the U.S. Army Research Laboratory created a system named "DESOLATOR" to help improve the moving target defense, a well-known cyber security strategy.
Global Automotive Cyber Security Market - By
Application
Telematics
Infotainment Systems
Powertrain Systems
ADAS & Safety Systems
Body Control Systems
Others
Global Automotive Cyber Security Market - By
Vehicle
Fuel-based Vehicles
Passenger Cars
Commercial Vehicles
Electric Vehicles
Passenger Cars
Commercial Vehicles
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