Smart Cars to Influence Automotive Cyber Security Market
Overview:
The global report on the Automotive Cyber Security Market
is slated to cross USD 32 million after achieving a CAGR of 9% during the
forecast period of 2018 to 2023. Market Research Future (MRFR) made a
comprehensive analysis of the market to understand factors that can bolster
this growth. Among these, the rising demand for personal vehicles, better
integration of technologies, hike in research-related investment, growing
demand for smart cars and threats associated with it, and others are expected
to bolster the market.
However, these technologies are expensive and high-end
cars are mostly equipped with such technologies, which shows the market’s
growth capacity is pretty limited.
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Segmentation:
The global study of the Automotive Cyber Security Market has been segmented by MRFR analysts on the
basis of security type, vehicle type, and application. These three segments
would provide data, gleaned by experts, to help in developing tactical
mechanisms that can inspire trends and affect the market outcome.
By security type, the global understanding of the Automotive
Cyber Security Market has been segmented into network security,
application security, endpoint security, cloud security, and wireless
security.
By vehicle type, the study of the Automotive Cyber
Security Market includes passenger cars
and commercial cars. Due to personal safety preferences, the passenger segment
may record substantial growth.
By application, the report on the Automotive
Cyber Security Market comprises
segments like telematics, onboard diagnostics (OBD), communication channels,
infotainment, powertrain, safety systems, and others,
Regional Analysis:
North America is slated to emerge as the leader in the Automotive
Cyber Security Market . This is due to the inclusion of advanced technical
support for cyber security in the automotive industry.
Competitive Landscape:
Harman International Industries, Inc. (U.S.), Argus Cyber
Security (Israel), Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), Karamba
Security (Israel), Intel Corporation (U.S.), NNG Software Developing And
Commercial Llc. (Hungary), Escrypt Embedded Systems (Germany), NXP
Semiconductors N.V. (Netherlands), Secunet AG (Germany), and others influence
the global market for automotive cyber security. These companies undertake
various strategic moves to make sure the market profits. In their attempts, they
include various measures that give way to understanding related to trends and
prospects.
Industry News:
In August 2020, Green Hills Software, a company known
across the world as a provider of embedded safety and security, and Argus Cyber
Security, a company with a substantial reputation in automotive cybersecurity,
announced the membership of the latter into the Green Hills ecosystem of
top-notch technology providers. The partnership is now expected to get support
from a successful automotive customer collaboration where the Argus Control
Flow Integrity product has been integrated to work with Green Hills Software’s
best-in-class C/C++ compiler.
In August 2020, Cybellium, an Israeli automotive
cybersecurity risk assessment startup, announced that it had raised a $12
million Series A round. This financing round was led by RSBG Ventures GmbH
where other investments came from Cybellum’s existing investors, Blumberg
Capital and Target Global. This investment will help Cybellum to boost growth
through marketing, expanded sales, and engineering programs. This will also
enable the adoption of Cybellum’s Risk Assessment platform and Digital Twin
approach by industries where they would be able to scale vulnerability
management operations.
This growth in the Automotive Cyber Security Market may find some slump due to the fall in
automotive sales triggered by the COVID-19 pandemic. However, the restoring of
the financial state in various countries can bring back the market on its foot
after some initial hiccups.
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Key
Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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