Automotive Cyber Security Market To Reflect Tremendous Growth Potential With A CAGR Of 21.4% By 2025: Grand View Research Inc.

February 09 01:38 2021
Automotive Cyber Security Market To Reflect Tremendous Growth Potential With A CAGR Of 21.4% By 2025: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report published by Grand View Research Inc., increasing risks of data theft due to the rising number of automated & connected vehicles, coupled with growing OEM emphasis on strengthening cyber security policies have largely favored the market expansion.

According to a report, “Automotive Cyber Security Market Size, Share & Trends Analysis Report By Security (Application, Wireless Network), By Vehicle Type (Passenger, EVs), By Application (Infotainment, Powertrain), By Service, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global automotive cyber security market size is expected to reach USD 5.56 billion by 2025, registering a CAGR of 21.4%, as per a new report by Grand View Research Inc. Cloud infrastructure, automotive data taxonomy, and mobile cross platforms, are the key connectivity trends prevailing in the automotive cyber security market.

Technological advancements in the area of network connectivity in autonomous vehicles is gaining tremendous traction, on account of the increasing data volume and data exchange. This is set to contribute to the market growth. Furthermore, onboard electronic information-control systems such as electric power steering, tire-pressure, auto-braking sensors, and fixed-speed cruise control have become mandatory installation across all the vehicle categories. Other sophisticated systems are also paving their way into the market applications, such as ADAS, navigation, infotainment, powertrain, and safety systems. This, in turn, is expected to create lucrative growth opportunities for the market.

North America is the largest regional market owing to the surging demand for autonomous vehicles and fast-pace adoption of new technologies such as connected car systems and smart antenna. Moreover, stringent measures taken by the government to establish standard regulatory policies and rising investments for the automotive market have bolstered the North American market growth.

U.S. automotive cyber security market size, by application, 2015 - 2025 (USD Million) 

Automotive Cyber Security Market Highlights

  1. In January 2021, vehicle manufacturers have raised alarm regarding the cybersecurity challenges after the U.S. District Court for the Southern District of Illinois terminated the  automotive cybersecurity class action lawsuit in March 2020

  2. Despite the uncertainties amid the Covid-19 pandemic, the market is expected continue on its upward trajectory in 2021, driven by improved batteries, new models, more readily available charging infrastructure, and price parity with conventional gas-powered vehicles

  3. In a response to the increasing cyber breach threat and automotive-related attacks as connected cars sees rise in demand, Kaspersky has targeted industry players with the launch of its new threat intelligence (TI) reporting tool in January 2021

  4. In January 2021, ASRG entered in a partnership with Cybellum to enhance the vulnerability management automation within the connected automotive industry

  5. In January 2021, Cybellum and PTC announced their partnership to seamlessly integrate the digital security scanning software into the product production processusing Windchill RV&S. The joint solution is set to be showcased on February 24th 2021 at the PTC SSE Virtual Symposium 

  6. Infotainment application led the market in China due to quick adoption of advanced vehicle technologies

  7. Wireless network security segment is projected to account for the largest share of the global market by 2025

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Automotive Cyber Security Market Segmentation

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 

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Spain

    • Russia

    • Turkey

    • Italy 

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Thailand 

  • Rest of World

    • Brazil

    • South Africa

    • Iran

List of Key Players in Automotive Cyber Security Market

  • Argus Cyber Security Ltd.

  • Arilou Technologies

  • Vector Informatik GmbH

  • NXP Semiconductors N.V.

  • HARMAN International

  • Symantec Corporation

  • Denso Corporation

  • Honeywell International, Inc.

  • Guardknox Cyber-Technologies Ltd.

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6022/ibb

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