The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Automotive Cybersecurity Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Automotive Cybersecurity Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Automotive Cybersecurity Market size was valued at USD 3.4 billion in 2023 and is projected to reach USD 12.24 billion by 2030 The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Automotive Cybersecurity Market Segmentation?
The report has segmented the market into the following categories:
By Offering
– Hardware – Market Size & Forecast 2019-2030F, USD Million
– Software – Market Size & Forecast 2019-2030F, USD Million
– By Vehicle Type
– Passenger Vehicles – Market Size & Forecast 2019-2030F, USD Million
– Light Commercial Vehicle (LCV) – Market Size & Forecast 2019-2030F, USD Million
– Medium & Heavy Commercial Vehicles (MHCV) – Market Size & Forecast 2019-2030F, USD Million
By Propulsion
– ICE Vehicles – Market Size & Forecast 2019-2030F, USD Million
– Electric Vehicles – Market Size & Forecast 2019-2030F, USD Million
– By Vehicle Autonomy
– Non-autonomous Vehicles – Market Size & Forecast 2019-2030F, USD Million
– Semi-autonomous Vehicles – Market Size & Forecast 2019-2030F, USD Million
– Autonomous (Driverless) Vehicles – Market Size & Forecast 2019-2030F, USD Million
By Deployment Type
– Embedded – Market Size & Forecast 2019-2030F, USD Million
– Integrated (Cloud-based) – Market Size & Forecast 2019-2030F, USD Million
By Application
– Body Control & Comfort – Market Size & Forecast 2019-2030F, USD Million
– ADAS & Safety Systems – Market Size & Forecast 2019-2030F, USD Million
– Telematics System – Market Size & Forecast 2019-2030F, USD Million
– Infotainment System – Market Size & Forecast 2019-2030F, USD Million
– Powertrain System – Market Size & Forecast 2019-2030F, USD Million
– Other (On-board Diagnostics, Operational Data, etc.) – Market Size & Forecast 2019-2030F, USD Million
Telematics systems have been one of the largely used software, which collects sensitive user information, and requires high-level cybersecurity. The adoption of telematics has been amplifying recently, specifically by car rental companies, which offer their cars for rent. This was primarily because telematics solutions allow companies to collect data related to vehicle location, driving behavior, vehicle health, etc., which makes it easier for them to manage their fleets.
Also, several logistics companies across the globe are adopting telematics solutions, in order to track their vehicles from remote locations. Hence, as the adoption of telematics software is escalating, the demand for cybersecurity solutions for telematics would also amplify, improving its market share in the forthcoming years.
By Security
– Application Security – Market Size & Forecast 2019-2030F, USD Million
– Wireless Network Security – Market Size & Forecast 2019-2030F, USD Million
– Endpoint Security – Market Size & Forecast 2019-2030F, USD Million
– Others (Network Security, Cloud Security, etc.) – Market Size & Forecast 2019-2030F, USD Million
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
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Key Factor Driver Automotive Cybersecurity Industry Growth by 2030
Ride-sharing Companies Expanding Worldwide – With the increasing populace, which is becoming more urbanized, the workforce is also growing. Hence, in the past few years, the usage of ride-sharing has been amplified. Therefore, ride-sharing companies have been receiving government support in various countries, to fulfill the growing demand for their services worldwide.
The ride-sharing service not only brings ease to consumers but also helps in reducing traffic on roads. Services like these have resulted in high demand, justified by the high level of comfort they offer to consumers. These services are further enabled to deliver greater consumer comfort, along with traffic reduction. Furthermore, these services are designed to mine sensitive user information, such as personal details & travel routes, so cybersecurity is of utmost importance. Hence, ride-sharing services have been contributing to driving the Automotive Cybersecurity Market. Further, ride-sharing companies are also coming up with advanced technology and solutions to enhance their consumer experience and gain market leadership in the forecast years.
Who are the Key Players Operating in the Automotive Cybersecurity Industry?
The top companies of the Automotive Cybersecurity market ruling the industry are:
- Infineon Technologies AG
- Continental AG (Argus Cyber Security)
- Robert Bosch GmbH (ESCRYPT GmbH)
- Garrett Motion Inc.
- Intel Corporation
- Aptiv Plc.
- C2A Security
- Harman International Industries, Inc.
- Denso Corporation
- Honeywell International Inc.
- SBD Automotive
- NNG Software Developing and Commercial Llc.
- Karamba Security
- Vector Informatik GmbH
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