Automotive Cyber Security the Next Big Thing

Automotive Cyber Security the Next Big Thing

Pune, India, December, 2017/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Automotive cyber security Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Automotive cyber security Global Market - Overview
The automotive industry is experiencing a significant shift of technologies within vehicles that is creating a need for automotive cyber security. The technology innovations, customer expectations, and future direction of transportation are all fusing to create a dramatic, new vertical destined to transform the automotive and transportation industries.
The Global Automotive cyber security market is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry. According to a recent study report published by the Market Research Future, the global market of automotive cyber security is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

The factors driving the global market of automotive cyber security market are growing usage of smartphones and various apps, growing technology addiction for improving lifestyle, and rise in data security threats such as cyber-attacks among others. On the other hand, technology limitation, lack of awareness about technical threats via internet are some of the factors hindering the growth of automotive cyber security Market.

The Automotive cyber security market is highly competitive due to the increase in web based applications and Government funding towards secured centrally connected systems. Vehicles are becoming increasingly connected and software is the single biggest innovation enabler for intelligent, efficient and automated mobility.
It is expected that by 2020, hundreds of millions of “computers on wheels” will drive on roads worldwide and communicate as part of the Internet of Everything. On the downside of this development, connected mobility is turning into a potential target for cyber-attacks, posing risk to human lives and property. In response, vehicle manufacturers and suppliers around the world are defining and implementing strategies and countermeasures to minimize the exposure of vehicles to such risks.

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Key Players:

Argus Cyber Security (Israel), Harman International Industries, Inc. (U.S.), Karamba Security (Israel), Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), NNG Software Developing And Commercial Llc. (Hungary), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), Escrypt Embedded Systems (Germany), Secunet AG (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive cyber security Market.

Industry News
June 2017 - Intel has joined Team8, an Israeli creator of cyber security start-ups, as a strategic partner and will help with the formation of companies that address the largest cyber security problems.
30 Oct. 2017 - Continental Acquires Israeli Automotive Cyber Tech Firm Argus, this acquisition would strengthen and enhance its capabilities in automotive cyber security.

Automotive cyber security Global Market - Competitive Analysis
The Market of Automotive cyber security appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. Cisco and IBM have decided to join forces to swap threat intelligence between their internal research groups for investigating major hacks and moving forward. The two companies also plan to add product integrations that connect their portfolios over the course of the year.

The rising government funding is also expected to motivate key companies to invent new automotive cyber security modules that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market.

Automotive cyber security Global Market - Segmentation
The Automotive cyber security Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Security Type: Comprises Network Security, Endpoint Security, Application Security, Wireless Security, and Cloud Security.
Segmentation By Vehicle Type: Comprises Passenger Cars, Commercial Vehicle.
Segmentation By Application : Comprises Telematics, On Board Diagnostic (OBD), Infotainment, Communication Channels, Powertrain, Safety Systems, Others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Automotive cyber security Global Market -

Regional Analysis

North-America is dominating the Global Automotive cyber security Market with the largest market share and therefore due to numerous cross industry collaborations taking place between automotive original equipment manufacturers and mobile network operators (MNOs) are taking place for continuous internet connectivity inside a car to enhance the user experience of connected living, while driving. Automotive cyber security Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 owing to a large enterprises and SMEs in the region are increasingly adopting cloud-based Cyber Security solutions. The European market for automotive cyber security Market is expected to grow at a considerable CAGR (2016-2022).

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