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Automotive Cybersecurity Market Next Big Thing | Aptiv, Argus Cyber Security, Arilou Technologies, Continental AG, ESCRYPT GmbH
Automotive Cybersecurity Market Outlook
The Business Research Company's Automotive Cybersecurity Global Market Report 2023 identifies The increase in the number of connected cars as the major driver for the automotive cybersecurity market's growth in the forecast period. A connected car refers to a vehicle that can access the internet through an inbuilt connectivity system. Cyber security in connected cars includes features such as the call for sophisticated threat intelligence, which helps to prevent cars from common security problems.
The global automotive cybersecurity market size grew from $2.04 billion in 2022 to $2.48 billion in 2023 at a compound annual growth rate (CAGR) of 21.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive cybersecurity market size is expected to grow to $4.96 billion in 2027 at a CAGR of 19.0%.
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Major competitors in the automotive cybersecurity market are Aptiv, Argus Cyber Security, Arilou Technologies, Continental AG, ESCRYPT GmbH, GuardKnox, Harman International, Trillium, Saferide Technologies Ltd., Lear Corporation., Karamba Security, Intel Corporation, Infineon Technologies AG, Cisco systems, Delphi Automotive PLC, Vector Informatik GmbH, and Symantec Corporation.
A key trend in the automotive cybersecurity market includes Technological innovations. Major companies operating in the automotive cybersecurity sector are focused on technological innovations to sustain their position in the market. For instance, in October 2021, Tesla, a US-based car manufacturing company, launched a new technology for connecting cars known as Vehicle-to-everything based on 5G technology. V2X is a net automotive cybersecurity technology that provides authenticated data transmission between vehicles and infrastructure. The technology is launched in innovative V2X services, which contain many features such as RAT, transmission profile, communication mode, and signaling protection mode.
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The automotive cybersecurity market is segmented-
• By By Security Type: Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security
• By Form: In-Vehicle, External Cloud Service
• By Vehicle: Passenger Car, Commercial Vehicle
• By Application: Telematics System, Body Control and Comfort System, Infotainment System, Powertrain System, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the automotive cybersecurity market.
The Business Research Company's "Global Automotive Cybersecurity Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Cybersecurity Market Include:
1. Executive Summary
2. Automotive Cybersecurity Market Characteristics
3. Automotive Cybersecurity Market Trends And Strategies
4. Automotive Cybersecurity Market - Macro Economic Scenario
5. Automotive Cybersecurity Market Size And Growth
………………..
26. Africa Automotive Cybersecurity Market
27. Automotive Cybersecurity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Cybersecurity Market
29. Automotive Cybersecurity Market Future Outlook and Potential Analysis
30. Appendix
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