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.
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.
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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