#AutomotiveCyberSecurityMarket

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Increasing incidents of cyber-attacks on vehicles and massive vehicle recalls by OEM have increased awareness about automotive cybersecurity among OEMs globally.

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Automotive cybersecurity market - Market Demand, Gross Profit, Opportunities, Future Estimations

Market Analysis 

As per the analysis by Market Research Future Reports (MRFR), the global automotive cybersecurity market is estimated to value USD 32 million, growing at a CAGR of 9% during the review period from 2017 to 2023. The global automotive cybersecurity market 2020 is expanding at a fast pace due to the adoption of the Internet of Things (IoT) in the automotive industry. The market leaders are innovating constantly and seeking market expansion through various tactics like rigorous research and development, mergers and acquisition et al. The increasing data threats such as cyber-attacks have also resulted in the expansion of the market at a global level. Besides, the robust increase in the usage of smartphones and several apps has aided in expanding the market. The market is likely to propel during the forecast period. With the increasing dependency and addiction to technology, there has been a swift adoption of technology in several areas, which has resulted in the expansion of the market. The automotive cybersecurity market is very competitive due to initiatives taken by the government to secure the data and rapid increase in the usage of web-based applications. However, due to lack of awareness about technological dangers through the internet are some of the factors that may act as an obstacle in the expansion of the automotive cybersecurity market. 

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Market Segmentation 

The automotive cybersecurity market can be segregated on the basis of vehicle type, security type, application, and region.

On the basis of security type, the global automotive cybersecurity market can be divided into endpoint security, wireless security, comprises network security, application security, and cloud security. 

On the basis of vehicle type, the global automotive cybersecurity market can be divided into a commercial vehicle and comprises passenger cars. 

On the basis of application, the global automotive cybersecurity market can be divided into On-Board Diagnostic (OBD), Comprises Telematics, Infotainment, Powertrain, Communication Channels, Safety Systems, and others.

On the basis of region, the global automotive cybersecurity market can be divided into Europe, North America, Asia Pacific, and the Rest of the World.

Regional Analysis 

The geographical analysis of Europe, North America, Asia Pacific, and the Rest of the World (RoW) has been performed. As per the analysis, North America is dominating the global automotive cybersecurity market and seizes the maximum market share. There have been several cross-industry collaborations taking place between mobile network operators (MNOs) and automotive original equipment manufacturers. The collaborations took place intending to increase internet connectivity and give a seamless experience to the users while driving. The automotive cybersecurity market in the APAC region is expected to expand at a significant CAGR from 2016 to 2022 due to the presence of SMEs and large enterprises and their fast adoption of cloud-based cybersecurity solutions. The emerging economies like India and China have a significant role in expanding the market. The European market for automotive cybersecurity market is estimated to grow at a significant CAGR during the forecast period from 2016 to 2022. With the presence of developed economies like the U.K. and Germany, the region is likely to expand considerably. The RoW is likely to show a moderate expansion during the review period.

Key Players 

The forefront players in the global automotive cyber security market are Harman International Industries, Inc. (U.S.), Argus Cyber Security (Israel), Karamba Security (Israel), Cisco Systems Inc. (U.S.), Intel Corporation (U.S.), NNG Software Developing And Commercial Llc. (Hungary), Secunet AG (Germany), NXP Semiconductors N.V. (Netherlands), Intel Corporation (U.S.), Escrypt Embedded Systems (Germany), and a few others.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

 Continued………

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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Automotive Cyber Security Market Size Worth $5.56 Billion By 2025

The global automotive cyber security market size is expected to reach USD 5.56 billion by 2025 expanding at a CAGR of 21.4% during the forecast period, according to a study conducted by Grand View Research, Inc. Increasing risks of data breaching due to rise in number of connected and automated vehicles will drive the market. Moreover, growing emphasis of OEMs on strengthening cyber security policies is expected to propel the demand for automotive cyber security over the projected period. Cloud infrastructure, mobile cross platforms, and automotive data taxonomy, are the key connectivity trends in the automotive cyber security market.

Technological advancements pertaining to network connectivity in autonomous vehicles are gaining traction owing to increasing data and volume of data exchange, which is also likely to contribute to the market growth. Moreover, onboard electronic information-control systems like tire-pressure, electric power steering, fixed-speed cruise control, and auto-braking sensors have become mandatory across all the vehicle categories. Other sophisticated systems are also making their way into automotive electronics applications, such as infotainment, ADAS, navigation, powertrain, and safety systems. This, in turn, would further increase the vehicle-to-everything communication, thereby creating lucrative growth opportunities for the market in automotive sector.

North America is the largest regional market due to increasing demand for autonomous vehicles and quick adoption of new technologies like smart antenna and connected car systems. Moreover, rising investments and stringent measures taken by the government towards incorporating cyber security policies for the automotive market have bolstered the regional market growth. Some of the prominent industry participants include Vector Informatik GmbH, Arilou Technologies, NXP Semiconductors N.V., Argus Cyber Security Ltd, ESCRYPT, Continental AG, and HARMAN International.

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Further key findings from the study suggest:

The     passenger car segment in Europe is expected to account for 77.1% by 2025     due to rising production of Electric Vehicles (EVs), development and     implementation of cyber security strategies, eco-friendly initiatives, and     growing scope of data exchange

Infotainment     application led the market in China due to quick adoption of advanced     vehicle technologies

Wireless     network security segment is expected to account for the largest share of     the global automotive cyber security market by 2025

Emphasis of     OEMs on capabilities offered by connected car systems that have enabled a     broad range of service and features contributes to growth of the market in     developed economies

See More Reports of This Category: https://www.grandviewresearch.com/industry/automotive-and-transportation

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Offering (Hardware & Software), Security, Application Type, Vehicle Type, Propulsion, Vehicle Autonomy, Approach, EV Application, and Region

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Key Factors for the Growth of Automotive Cybersecurity Market Across the Globe

According to the new market research report "Automotive Cybersecurity Market By Offering (Software & Hardware), Application Type, Form Type (In-Vehicle & External Cloud Services), Security Type, Vehicle Type (Passenger Vehicles, LCV & HCV), EV Application Type, And Region – Global Forecast to 2025" Published by MarketsandMarkets™, The global Automotive Cybersecurity Market size is projected to grow from USD 1.9 billion in 2020 to USD 4.0 billion by 2025, at a CAGR of 16.5%.

Increased use of electronics per vehicle and a growing number of connected cars, and reinforcement of mandates by regulatory bodies for vehicle data protection are key factors that will drive the market for the Automotive Cybersecurity Market. The growth of the V2X market is also one of the factors that drive the Automotive Cybersecurity Market.

Vehicle production was low in April and May 2020 in the major European, Asia Pacific countries, and the US due to the ongoing COVID-19 pandemic. Earlier, the Automotive Cybersecurity Market was expected to witness rapid growth from 2022 onward as major regulations are outlined to be imposed. As vehicle production is suspended, any new investment for advanced technology is unlikely. OEMs and tier 1 players are either using cash reserves or acquiring funds to continue operations during the crisis. OEMs are still skeptical about the recovery of vehicle sales to 2019 levels in 2020.

Opportunity: Growing cloud-based applications in the automotive industry

Cloud technologies are expected to benefit automotive users as well as OEMs. Cloud-based solutions increase the efficiency of the entire process by reducing downtime and providing faster data transfer and mobility. With the help of cloud-based solutions, OEMs can gather real-time data from their users. OEMs can focus on providing better services and gain customer loyalty by meeting customer’s requirements. Due to the increasing trend of cloud-based solutions, the leading automotive OEMs and automotive system OEMs across the world are strategically expanding by partnering with or acquiring companies that can provide countermeasures to overcome the challenges faced in the cloud-based solutions.

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The Automotive Cybersecurity Market is dominated by global players such as Robert Bosch (Germany), Continental AG (Germany), Harman International (US), Denso Corporation (Japan), Aptiv (Ireland), Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies (Israel), GuardKnox (Israel), etc.

Increasing use of mechatronics devices and increasing demand of connected vehicle services inside the vehicle is expected to result in the dominance of the passenger vehicle segment in the Automotive Cybersecurity Market

The passenger vehicles segment is expected to lead the Automotive Cybersecurity Market during the forecast period, owing to the demand for connected vehicle services and growing sales of mid-luxury and luxury vehicles.  The electrical/electronic (E/E) architecture of passenger vehicles is complex and critical than LCVs and HCVs. These vehicles are equipped with a considerable number of ECUs and are more prone to cyberattacks compared with the other two categories of vehicles. Connected passenger vehicles are expected to be the Internet of Things (IoT) in the coming years. These vehicles will be able to collect massive amounts of data from different sources. Passenger vehicles will be capable of exchanging data and alert drivers of potential dangers. These vehicles will also be able to interact with sensors on road signs on stoplights, bus stops, and even the ones embedded in the roads to get traffic updates and rerouting alerts.

Increasing installation of telematics devices and push by government authorities to adopt telematics is driving the Telematics segment in the Automotive Cybersecurity Market

The market for Telematics is primarily driven by multiple factors such as an increase in the number of accidents, rising vehicle thefts, security issues while traveling, and the demand for navigation services. Telematics also helps track the location of the vehicle, and its automated interface with law enforcement agencies reduces the response time. This eventually leads to a reduction in vehicular thefts. Telematics primarily involves data exchange such as vehicle details/history, location, schedules, driving habits & activities, and other key information of private as well as fleet owners. This data exchange is done through wireless networks with external servers, making it prone to data theft.  Thus, cybersecurity plays a key role in telematics since the breach of such data can have serious consequences for end-users. Government mandates such as E-calls are likely to fuel the market in future.

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The Asia Pacific likely to emerge as the largest Automotive Cybersecurity Market

Asia Pacific is always seen as a revenue-generating region in the automotive sector. Region comprises of technologically advanced countries like Japan, South Korea, and countries with increasing populations and improving economies. Vehicles in this region are getting advanced at the backdrop of customer need and implementation of government regulations related to vehicle safety and carbon emissions. All kinds of key vehicles categories like a passenger vehicle, light, and heavy commercial vehicles are getting advanced. Changes in the powertrain technology, the inclusion of modern safety features, and technology for vehicle management are some of the key trends that is helping Asia Pacific region to dominate the market for automotive cybersecurity. The growth of the connected vehicle market in the Asia Pacific is expected to boost the demand for automotive cybersecurity. As the number of connected vehicles increases, the demand for cybersecurity in these vehicles would also increase.

Recent Developments:

·         In July 2020, Continental has adopted Renesas’ high-performance Renesas R-Car M3 system-on-chip (SoC) for its first-generation body high-performance computer (HPC). The HPC is an automotive computing platform that provides centralized control of vehicle systems and is equipped with secure gateway functionality to enable cloud service connectivity.

·         In June 2020, Upstream Security, announced that it had joined the Amazon Web Services (AWS) Partner Network as a Select Tier Technology Partner. Upstream Security pioneered automotive cloud cybersecurity and unlocked the value of automotive data, ensuring that connected vehicles and mobility services are safe, secure, and operating optimally.

·         In March 2020, Argus Cyber Security and NXP Semiconductor announced a new integrated solution that allows carmakers to protect Ethernet network communications based on the NXP S32G vehicle processor. The joint solution consists of 1) Argus' Ethernet Intrusion Detection System (IDS), which detects malicious activity at the network and application layers to keep drivers connected and protected. 2) NXP's S32G processor, a key building block for future vehicles, creates new opportunities with service-oriented gateways.

·         In March 2020, GuardKnox opened a new subsidiary in Detroit to support the automotive client base in North America and expand global reach. The Livonia location enables GuardKnox to serve its existing US customers better, build partnerships, and initiate business in the US. It is onboarding new business development leaders, project managers, and engineers.

·         In December 2019, SafeRide Technologies and NXP Semiconductors announced the integration of vSentry Edge AI –embedded behavioral profiling and anomaly detection solutions for connected vehicles with the NXP vehicle network processors.

·         In July 2019, Karamba Security announced the signing of a production agreement of its leading Carwall runtime integrity software, in Alpine infotainment systems. The platform provides ECU self-protection against remote code execution (RCE), helping to protect vehicles from cyberattacks.

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Automotive Cybersecurity Market By Offering (Software & Hardware), Application Type, Form Type (In-Vehicle & External Cloud Services), Security Type, Vehicle Type (Passenger Vehicles, LCV & HCV), EV Application Type, And Region

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Automotive Cyber Security Market report categorizes the global market by Security Type (Network, Endpoint, Application, Wireless & Cloud), Area of Application (Infotainment, Telematics, OBD, Safety, Powertrain), Vehicle Type, and by Region