Global Automotive Cybersecurity Market Poised for Sustainable Expansion: Forecasts 14.8% CAGR from 2022 to 2027.
In-Depth Analysis of the Global Automotive Cybersecurity Market: 2022-2027 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Automotive Cybersecurity Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
What are the primary market insights shaping the trajectory of the industry?
The Global Automotive Cybersecurity Market is projected to grow at a CAGR of around 14.8% during the forecast period, i.e., 2022-27.
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Who are the top companies in the Automotive Cybersecurity Market?
- Infineon Technologies AG
- Continental AG (Argus Cyber Security)
- Robert Bosh GmbH (ESCRYPT GmbH)
- Garrett Motion Inc.
- Intel Corporation,
- Aptiv Plc.
- C2A Security
- Garrett Motion
- Harman International Industries, Inc.
- Denso Corporation
- Lear Corporation
- SBD Automotive & NCC Group
- Arilou Technologies
- Karamba Security
- Vector Informatik GmbH
Global Automotive Cybersecurity Market Segmentation:
By Application
- Body Control and Comfort
- ADAS and Safety Systems
- Telematics System
- Infotainment System
- Other (On-board Diagnostics, Operational Data, Powertrain System, etc.)
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicle (LCV)
- Medium & Heavy Commercial Vehicles (M&HCV)
By Vehicle Autonomy
- Non-Autonomous Vehicles
- Semi-Autonomous Vehicles
- Autonomous (driverless) Vehicles
By Deployment Type
- Embedded
- Integrated (Cloud Based)
By Security
- Application Security
- Wireless Network Security
- Endpoint Security
- Others (Network Security, etc.)
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Regional/ Countries Insight:
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
What are the primary market drivers influencing the growth of Automotive Cybersecurity Market?
Key Driver: Autonomous Vehicles Gaining Traction Worldwide
The autonomous vehicles are inbuilt with IoT & AI-driven technologies, such as sensors, including adaptive cruise control, active steering, Anti-lock Braking Systems (ABS), GPS navigation technology, lasers, & radars. The end user’s inclination towards self-driving vehicles in Europe and North America has soared immensely due to the launch of cost-effective and stylish cars from automakers such as Tesla.
Eventually, investments in the development of autonomous vehicles have been picking up worldwide. Companies like GM, Ford, Volkswagen, etc., are progressively working toward launching passenger & commercial vehicles in the coming years. In addition, tech giants like Google & Apple are all set to foray into this space and have already launched prototypes.
Amid these developments, the integration of telematics & intelligent traffic control, AV software & mapping, connectivity/infotainment, HMI, & voice recognition features into autonomous vehicles would massively contribute to the meteoric rise in the demand for cyber security, and, as a result, would drive the Global Automotive Cyber Security Market during 2022-27.
- In 2022, Zeekr & Mobileye announced their collaboration to develop level 4 assistance systems, i.e., an electric car that, in certain conditions, would drive itself without supervision. This technology would be operated by EyeQ6 x EyeQ5 system on chips and support the software of both companies.
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Gain a Competitive Edge with Market Research Report
- The Global Automotive Cybersecurity Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Global Automotive Cybersecurity Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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