Market Research Report
Automotive Cybersecurity Market with COVID-19 Impact Analysis, By Offering, By Application, By Vehicle Type, By Form type, By Security Type, By electric vehicle application type and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||997965|
|Published||Content info||315 Pages
Delivery time: 2-3 business days
|Automotive Cybersecurity Market with COVID-19 Impact Analysis, By Offering, By Application, By Vehicle Type, By Form type, By Security Type, By electric vehicle application type and By Region - Size, Share, & Forecast from 2021-2027|
|Published: February 1, 2021||Content info: 315 Pages||
The global Automotive Cybersecurity market was valued at USD 1.88 billion by 2019, growing with 15.6% CAGR during the forecast period, 2021-2027.
Vehicles are susceptible to being hacked in cars as well as through backend IT systems that they are connected to, automotive Cybersecurity solutions are used to protect these vehicles from any attacks, damage, or manipulation. Rising demand for vehicles coupled with the increasing adoption of electric cars are factors augmenting the industry growth. Similarly, the rising use of the software the cars would demand the use of cybersecurity to protect them from cyber-attack and phishing.
Growing demand from consumer end for installation of safety features including advanced driver-assistance systems which would help them easy to drive and park cars with the assisted technology provided through the systems. These systems need advanced cybersecurity to protect them which would augment industry growth over the forecast timeframe. However, the high cost of Automotive Cybersecurity solutions and the complex supply chain involved in the industry might as a factor impeding the growth of the market to a certain extent
Based on electric vehicle application type, the market is further divided into ADAS & safety, BMS & powertrain systems Body control & comfort, Telematics Infotainment, Communication systems, Charging management. ADAS & safety segment is expected to account for a major share in 2020. This largest share is attributed to a growing demand for safety features in an electric cars. Advanced driver-assistance systems are the systems that help the drivers to drive and park the vehicle and ensure more safety. Advanced driver-assistance systems are generally implanted in high-end cars. The electric car is also equipped with ADAS and safety technologies as they are claimed safer by the manufacturers. Hence, it is of utmost importance to protect ADAS and safety technologies from cyber-attacked to maintain the security of the driver.
On the basis of geography, Asia Pacific is estimated to account for the largest market share in 2020. Factors contributing to the growth include rising number of populations leading to vehicle demand, surging adoption of connected vehicles are some of the drivers. This region is showing a surging demand for mid-luxury and luxury vehicles segment which would further augment the growth. In coming years, countries including Japan and South Korea are taking many initiatives to ensure proper usage of Automotive Cybersecurity in their vehicles which would augment the industry growth.
The Automotive Cybersecurity market is moderately consolidated and is characterized by the presence of many global and local players. Major players operating in the market include Robert Bosch, Aptiv, Continental AG, Harman International, Karamba Security Denso Corporation, SafeRide Technologies, Arilou Technologies, GuardKnox. These companies offer a competitive range of products related to traditional as well as electric vehicles. The major players focus on collaborations, new product launches, mergers, and acquisitions as the key strategies to increase their presence in the industry. In 2020, Upstream security partnered with amazon web services. This was done with the intent that all connected vehicles are secure and operate smoothly. Similarly, in March 2020, expanded their reach in North America by opening a new subsidiary in Detroit with a vision to expand their footprint.
Key features of the study:
This proposed research study on Automotive Cybersecurity market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Automotive Cybersecurity market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Automotive Cybersecurity market
Impact of COVID-19 on Automotive Cybersecurity market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Automotive Cybersecurity market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Automotive Cybersecurity market, we have also included competitive landscape and key innovator analysis for the Automotive Cybersecurity market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Automotive Cybersecurity market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Automotive Cybersecurity market on global as well as regional level.
The global Automotive Cybersecurity market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AUTOMOTIVE CYBERSECURITY MARKET KEY PLAYERS
Green Hills Software
GLOBAL AUTOMOTIVE CYBERSECURITY MARKET, BY OFFERING
GLOBAL AUTOMOTIVE CYBERSECURITY MARKET, BY APPLICATION
ADAS & safety
Body control & comfort
GLOBAL AUTOMOTIVE CYBERSECURITY MARKET, BY FORM TYPE
External cloud services
GLOBAL AUTOMOTIVE CYBERSECURITY MARKET, BY VEHICLE TYPE
Light Commercial Vehicles
Heavy Commercial Vehicles
GLOBAL AUTOMOTIVE CYBERSECURITY MARKET, BY ELECTRIC VEHICLE APPLICATION TYPE
BMS & powertrain systems
ADAS & safety
Body control & comfort
GLOBAL AUTOMOTIVE CYBERSECURITY MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures