Press release
Automotive Cybersecurity Market in Depth Analysis, Global Trends, New Technologies, Regional Analysis, Growth Factors and Forecast 2029
The global automotive cybersecurity market is expected to grow at 16.4% CAGR from 2023 to 2029. It is expected to reach above USD 24.28 billion by 2029 from USD 6.24 billion in 2022.Exactitude Consultancy research's "Automotive Cybersecurity Market Forecast" study report focuses at sales and the overall global market for Automotive Cybersecurity in 2022. The sales forecast for Automotive Cybersecurity by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automotive Cybersecurity market, with sales of Automotive Cybersecurity broken down by region, market sector, and sub-sector, in US$ million.
Based on market dynamics and development-promoting variables, the Automotive Cybersecurity Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.
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Driver:
Cyberattacks are more likely to target electric vehicles
Modern connected vehicle technology, which enables EVs to interface with other vehicles, infrastructure, and a variety of online services, is installed in electric vehicles. The susceptibility of automobiles to cyber threats is increased by this connectedness. Strong cybersecurity solutions will be even more necessary as EV sales increase to shield these connected systems from potential intrusions.
Restraint:
Complex ecology with numerous players
Due to the fragmented value chain and the difficulty stakeholders are having with revenue distribution, several non-automotive technology businesses have turned their attention to the automotive sector. Because cybersecurity solutions are not standardized, creating countermeasures is difficult. The specifications provided by the automobile OEMs determine the cybersecurity solutions.
competitive analysis
The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automotive Cybersecurity market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.
Major companies in Automotive Cybersecurity Market are:
APTIV PLC, Arilou Automotive Cybersecurity, Continental AG, DENSO CORPORATION, GUARDKNOX, HARMAN International, Karamba Security, Robert Bosch GmbH, SafeRide Technologies, Vector Informatik GmbH
Recent Developments:
In February 2023, ETAS (a subsidiary of Robert Bosch GmbH) offered ESCRYPT C_ycurRISK, a software tool for threat analysis and risk assessment.
In January 2023, HL Mando Corporation collaborated with Argus Cyber Security. Through this collaboration, the Argus CAN Intrusion Detection Systems (IDS) solution was applied to HL Mando's electrification system products, such as brakes and steering, beginning in January 2023.
Automotive Cybersecurity Market Segmentation:
Automotive Cybersecurity Market by Offering, 2022-2029, (USD Million)
Software
Hardware
Automotive Cybersecurity Market by Type of Security Type, 2022-2029, (USD Million)
Application Security
Network Security
Endpoint Security
Automotive Cybersecurity Market by Application, 2022-2029, (USD Million)
ADAS & Safety
Body Control And Comfort
Infotainment
Telematics
Powertrain Systems
Communication Systems
Automotive Cybersecurity Market by Form, 2022-2029, (USD Million)
In-Vehicle
External Cloud Services
Automotive Cybersecurity Market by Region, 2022-2029, (USD Million)
North America
Europe
Asia Pacific
South America
Middle East And Africa
Important Countries In All Regions Are Covered.
Our market analysts are professionals at carefully categorizing the global Automotive Cybersecurity market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Automotive Cybersecurity market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.
This report also splits the market by region:
The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.
The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Strategic Points Covered in Table of Content of Global Automotive Cybersecurity Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Cybersecurity market
Chapter 2: Exclusive Summary - the basic information of the Automotive Cybersecurity Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Cybersecurity
Chapter 4: Presenting the Automotive Cybersecurity Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automotive Cybersecurity market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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