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.
Browse full research report on Automotive Cyber Security Market: https://www.grandviewresearch.com/industry-analysis/automotive-cyber-security-market
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
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/automotive-cyber-security-market/request/rs1
Grand View Research has segmented the global automotive cyber
security market on the basis of security, vehicle type, application, service,
and region:
Automotive Cyber Security Outlook (Revenue, USD Million, 2019 -
2025)
- Endpoint
- Application
- Wireless
Network
Automotive Cyber Security Vehicle Type Outlook (Revenue, USD
Million, 2019 - 2025)
- Passenger
Car
- Commercial
Vehicle
- Electrical
Vehicle
Automotive Cyber Security Application Outlook (Revenue, USD
Million, 2019 - 2025)
- ADAS
& Safety System
- Infotainment
- Body
Electronics
- Powertrain
- Telematics
Automotive Cyber Security Service Outlook (Revenue, USD Million,
2019 - 2025)
- In-vehicle
Services
- External
Cloud Services
Automotive Cyber Security Regional Outlook (Revenue, USD Million,
2019 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Mexico
- U.K.
- Germany
- France
- Spain
- Russia
- Turkey
- Italy
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Thailand
- Rest
of World
- Brazil
- South
Africa
- Iran
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.
For
more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment