Automotive Cyber Security Market Analysis
The automotive Cyber Security Market is projected to be worth USD 8.94 billion by 2028, registering a CAGR of 18.56% during the forecast period 2022 – 2030
Increasing Cloud-Based Applications in the Automotive Industry
The automotive sector has experienced a change as a result of cloud security. Cloud security refers to the deployment of a broad range of rules, technologies, and controls to safeguard data, applications, and the related infrastructure of cloud computing. Threats are detected and identified by cloud security services before they reach the vehicle. It also transmits information to the vehicle and intelligence in real-time via broadcast media.
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Automotive cyber security is a multi-layered defense that detects, protects, corrects, and avoids threats. The next generation of automotive cyber security vehicles is expected to include hardware-based protection in and around the engine control unit, software implemented in the vehicle to defend them, network monitoring systems and enforcement inside and outside the vehicle, cloud security services, and proper data privacy and privacy for protection.
Cloud technologies are likely to help both vehicle owners and OEMs. Cloud-based solutions improve overall process efficiency by minimizing downtime and enabling faster data transfer and mobility. OEMs can collect real-time data from their consumers with the use of cloud-based technologies. By satisfying the needs of their customers, OEMs may focus on providing better services and gaining customer loyalty. Due to the growing popularity of cloud-based solutions, the world’s leading automotive OEMs and automotive system OEMs are strategically growing by partnering with or acquiring companies that can provide countermeasures to overcome the issues associated with cloud-based solutions.
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Automotive Cyber Security Market Regional Analysis
North America to Lead the Global Market
North America is a market leader because of various cross-industry collaborations between automotive original equipment manufacturers and mobile network operators (MNOs) for continuous internet access within a car to improve the user experience of connected living while driving.
Automotive Cyber Security Market Key Players
• Intel Corporation (U.S.)
• Escrypt Embedded Systems (Germany)
• Secunet AG (Germany)
• Cisco Systems Inc. (U.S.)
• Harman International Industries Inc. (U.S.)
• NNG Software Developing and Commercial LLC. (Hungary)
• Argus Cyber Security (Israel)
• Intel Corporation (U.S.)
• NXP Semiconductors N.V. (Netherlands)
• Karamba Security (Israel)
Automotive Cyber Security Market Segmentation
By Security Type
• Network Security
• Endpoint Security
• Application Security
• Wireless Security
• Cloud Security
By Vehicle Type
• Passenger Cars
• Commercial Vehicles
By Application
• Telematics
• On Board Diagnostic (OBD)
• Infotainment
• Communication Channels
• Powertrain
• Safety Systems
• Others
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