global automotive cybersecurity market overview
The global automotive cybersecurity market is estimated to reach $17.73 billion in 2031, reveals the premium market intelligence study by CRI Report. The study also highlights that the market is set to witness a CAGR of 22.97% during the forecast period 2022-2031.
Automotive cybersecurity is a set of software and hardware solutions that enhances the security of connected and autonomous vehicles. The increasing number of cloud-based applications, coupled with technological advancements in the field of connected and autonomous vehicles, has resulted in an increase in the risk of various automotive cybersecurity threats. The growing autonomy and connectivity have increased the points of attack for the hacker, making the vehicle more vulnerable, thereby surging the urgency among automotive manufacturers to deploy certain solutions for the cybersecurity of vehicles. In the case of vehicles, cybersecurity is needed for the safety of electronics and systems, networks used in communication, algorithms, software, and underlying data from malicious attacks by untheorized users that can cause damage.
USP of the Report
• Extensive coverage of 20 key players (including five start-ups) operating in the global automotive cybersecurity market
• Market ranking analysis based on product portfolio, recent developments, and regional spread
Analyst Perspective
According to Dhrubajyoti Narayan, Principal Analyst, CRI Report, “The automotive cybersecurity market is likely to grow multi-fold during the forecast period, owing to the growing complexity and sophistication of new vehicle models in terms of vehicle connectivity. As the automotive industry is slowly entering the software-defined era, the demand for solutions to deal with various automotive attack vectors is expected to grow significantly. Moreover, initiatives by governments in the developed markets for connected and autonomous vehicles are also expected to boost the demand for automotive cybersecurity solutions. In terms of market rivalry/competition, established automotive cybersecurity solution providers are expected to face stiff competition from established and emerging cybersecurity solution providers entering the automotive industry.”
Key Companies Operating in The Market
The key players in the automotive cybersecurity market analyzed and profiled in the study include automotive cybersecurity solution providers that develop, maintain, and market automotive cybersecurity solutions. Moreover, a detailed competitive benchmarking of the players operating in the automotive cybersecurity market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include Argus Cyber Security Ltd., ESCRYPT GmbH, Karamba Security, ARILOU Automotive Cybersecurity, Vector Informatik GmbH, Mocana Corporation, Green Hills Software, Irdeto, Lear Corporation, DENSO Corporation, HARMAN International, Broadcom Inc., Garrett Motion Inc., Aptiv PLC, NXP Semiconductors, Synopsys, Inc., Upstream Security Ltd., Guardknox Cyber-Technologies Ltd., C2A-SEC LTD, SafeRide Technologies Ltd., and VicOne Inc.
Key Questions Answered in the Report
• How is the automotive cybersecurity market evolving with new technologies and products in the global market?
• What are the major patents filed by the companies active in the automotive cybersecurity market?
• What are the views of key industry participants from the automotive cybersecurity manufacturing companies operating in the space?
• What are the key development strategies implemented by the key players to sustain in the competitive market?
• Which region and country are the major consumers of automotive cybersecurity?
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Related Report: Automotive Cybersecurity Market Research Report 2022-2031
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