Revenue Worth 32 Million Projected For The Automotive Cyber Security Market By 2023

Automotive Cyber Security Market – Overview

The inclusion of autonomous vehicles in the automobile vehicles, has created the need for requisite safety measures especially in terms of cyber security.  Market Research Future, a firm which specializes in market reports related to the information and communication technology sector among others, recently published a report on this market. The automotive cyber security market is expected to grow approximately by USD 32 Million by 2023, while developing at a CAGR of 9% in the forecast period.

The development of autonomous vehicles in itself is a great feat, but the merging of the function of transportation along with the internet has created quite a few concerns with regards to safety. With point in view, the automotive cyber security market is developing at a robust pace. The threat of cyber security is one of the main drivers supplementing the growth of this market considerably. Increase in the number of autonomous vehicles being introduced into the mainstream transportation sector is also one of the positive drivers of this market.

Industry Segments

The automotive cyber security market for segment on the basis of security type, vehicle type and application. By security type, the sector is categorized into network security, endpoint security, application security, wireless security, and cloud security. Cloud security is a fact growing trend in this segment. By vehicle type, passenger cars and commercial vehicles are the 2 categories for the sector. Passenger cars are being focused upon more than commercial vehicles in the sector. On the basis of application the sector is divided into telematics, on board diagnostic (OBD), infotainment, communication channels, powertrain, safety systems and others.

Detailed

Regional Analysis

The regional analysis of automotive cyber security market covers region such as Asia Pacific, North America, Europe and Rest of the World. The North American market is one of the leading region in the automotive cyber security market due to numerous cross industry collaborations taking place between automotive original equipment manufacturers and mobile network operators (MNOs) are taking place for continuous internet connectivity inside a car to enhance the user experience of connected living, while driving. Asia-Pacific region is one of the prominent player in automotive cyber security market owing to large enterprises and SMEs in the region are increasingly adopting cloud-based cyber security solutions.

Get Report Details @ https://www.marketresearchfuture.com/reports/automotive-cyber-security-market-2970

Global Competitive Analysis

With new industry players in the worldwide automotive cyber security market, a pattern of strong, volume-driven development has been seen in the market with the introduction of new and cutting edge product items. Organizations are focusing to strengthen their product offerings in the market segment, and by contending and trying different strategies with diverse market position focuses. The best long haul developments for this industry can be tapped by ensuring process upgrades and financial adaptability to put resources into the ideal procedures for market development.

As the outlook of autonomous vehicles has become increasingly positive in the automotive world, cyber security is being increasingly emphasized upon. There is an accelerated pace of development in terms of R & D in the sector. The major players in the automotive cyber security market are – Argus Cyber Security (Israel), Harman International Industries, Inc. (U.S.), Karamba Security (Israel), Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), NNG Software Developing And Commercial Llc. (Hungary).

Latest Industry News:

Jan 2018 Argus Cyber Security, a global leader in automotive cyber security, has announced the integration of two of its solution suites with Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, to protect vehicle infotainment and telematics units, potentially the most vulnerable attack surfaces in connected and autonomous vehicles, against cyber-attacks. Argus Connectivity Protection and Argus Lifespan Protection have been integrated with Renesas' R-Car H3 system-on-chip (SoC), an automotive computing platform solution for advanced driving support systems and in-vehicle infotainment systems.

Dec 2017 Honeywell and Karamba Security are collaborating at an upcoming expo in Las Vegas to showcase an end-to-end automotive cybersecurity solution for monitoring and securing vehicle communications and reducing exposure to cyber threats resulting from increasing vehicle connectivity. The collaboration is focused on pairing TS intrusion detection technology software and security operations centres with Karamba Security's electronic control unit (ECU) intrusion detection software. The collaborative effort highlights the value and effectiveness of an end-to-end protection system which can be adapted to any car's ECU to help ensure passenger vehicle safety and security from detection to prevention and reporting.

Jan 2018 BlackBerry Ltd. continues to push into the automotive market with the launch of a cybersecurity product that manages software systems in vehicles, a product that may solidify BlackBerry’s position as a leader in cybersecurity. The product, called BlackBerry Jarvis, scans and identifies vulnerabilities in software components used in connected and self-driving vehicles.