Worldwide Latest Market Research Report on “Global Cybersecurity Market For Cars – Segmented by Solution, Type of Security, and Region – Growth, Trends and Forecasts (2019 – 2023) 2019-2023”
The Global Cybersecurity market with CAGR of 49.5% 2019-2023. The report begins from overview of Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Cybersecurity by product, region, and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Intel Corporation
- Towersec (Harman International Industries Inc.)
- Delphi Automotive PLC
- Arilou Technologies
- Escrypt Gmbh
- Continental Ag
- Infineon Technologies AG
- Cisco Systems Inc.
- Argus Cybersecurity
- Secunet Ag
- Trillium Incorporated
- Karamba Security
- Lear Corporation
- NXP Semiconductors NV
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Overview of Cybersecurity Market:
The cybersecurity market for cars was valued at USD 78.48 million in 2017, and is expected to reach a value of USD 586.14 million by 2023, at a CAGR of 49.5% over the forecast period (2019 – 2023). The scope of the report is limited to solutions offered by players, including providers of hardware, software, professional services, and integration solutions. While the regions considered in the scope of the report include the United States, Europe, Japan, and the Rest of the world. The study also emphasizes on the various attack points in a car, automotive security evaluations, cyber security standards, and cyber security initiatives, such as SPY car act, NIST cybersecurity framework, work done by NHTSA, and FTC, among others.
The automotive industry is undergoing a wave of innovation and with the advent of groundbreaking technologies, such as the Internet of Things (IoT), making vehicles safer than ever before—is witnessing a paradigm shift from the traditional models. With enhanced GPS, location and maintenance live recording, reminders, driving assistance, and Wi-Fi services, the demand for connected cars has been soaring and it is estimated that connected cars will account for 75% of the 92 million cars shipped globally in 2020.
Alongside the burgeoning connectivity, the increasing number of electronic control units and lines of code have increased the complexity of the products; thus, the concerns for security are on the rise. Further, the fragmented supply chain for this market has made it difficult to monitor the security policies at every stage. In order to counter these security risks, cybersecurity has become an indispensable aspect of connected cars. In addition, the growing number of government regulations and standards for these connected cars have been instrumental in driving the adoption of cybersecurity for cars.
Japan to Register the Fastest Growth over the Forecast Period
The connected cars market in Japan is expected to register robust growth with the first AD-Level 2 commercialized vehicle in the passenger car market. Since the automotive sales have witnessed a decline, the automotive OEMs are opting for new revenue streams, which include connected cars. This strategy is further buoyed by the Japanese government’s plans to improve the connected cars division before Olympics 2020, in an effort to protect transport infrastructure, which encompasses connected cars, trains, and airplanes. These have led the Japanese OEMs to display the AD technologies, to increase the consumers’ awareness for automated driving systems. While this is expected to aid the growth of the market for connected cars, it also involves taking stringent measures against activists and developing authentic cybersecurity for cars, which is expected to be a driving factor for the market.
Growing Number of Connected Cars and Rising Concerns over Cybersecurity
The growing connected ecosystem has made these cars more vulnerable to cyber-attacks. Fiat Chrysler Automobile, a market leader in connected cars (FCA) recently recalled 1.4 million vehicles after suspecting a remote hack in the Jeep Grand Cherokee, Cherokee SUV, and Dodge Ram Pickup vehicles. Further, security researchers Charlie Miller and Chris Valasek demonstrated that it was possible for hackers to control a Jeep Cherokee from a remote location using the car’s entertainment system, which is connected to the mobile data network, and even made it possible to “kill” the engine, remotely activate or disable the brakes, and track the vehicle’s location. Such instances have created major concerns over cybersecurity and generated the demand for “hacker-proof” vehicles, contributing to the growth of the automotive cyber security market.
Software-based Solutions to Witness the Greatest Adoption
Since connected vehicles are wholly dependent on the connected software for all aspects of their operation, they are vulnerable to a broad spectrum of cybersecurity attacks. Karamba Security, a company that develops security systems for connected cars, recently introduced a new carwall system for automotive cybersecurity. The software’s automated sealing approach is known to immediately detect and prevent cyber-attacks that exploit software bugs in the code. Further, to safeguard internal vehicle systems from attacks, and ensure data integrity while also providing data privacy and secure vehicle-to-cloud communications in millions of vehicles, there is a high demand for these software-based solutions.
The key players in this market include Intel Corporation, Towersec (Harman International Industries Inc.), Karamba Security, Lear Corporation, Escrypt GmBH, Continental AG, Infineon Technologies AG and Cisco Systems Inc. Other players include Delphi Automotive PLC, Arilou Technologies, Visteon Corporation, Argus Cybersecurity, Secunet AG, Trillium Incorporated, and NXP Semiconductors N.V, among others.
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Reasons to Purchase this Report
The Global demand for Cybersecurity Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2019 and 2025 compared to a few years ago, signifying the rapid pace of change.
Global Cybersecurity Market highlights the following key factors:
- A complete informative analysis of Cybersecurity industry, which includes a valuation of the parental market.
- Emerging trends by sections and regional markets.
- Major developments in market dynamics & market overview.
- Cybersecurity Market shares and methods of key players in the Cybersecurity market.
- Current and predictable size of Cybersecurity market from the outlook of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the Cybersecurity market.
Cybersecurity Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Cybersecurity Market players in detail. Cybersecurity Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Key Features of the Cybersecurity Market Report:
- Cybersecurity Market insights and finger analysis will help take knowledgeable decision in the changing competitive dynamics.
- To build up a far-reaching, verifiable, every year refreshed and financially perceptive data dependent on execution, capacities, objectives, and systems of the world is driving organizations.
- To help current providers reasonably evaluate their money related, advertising and innovative capacities opposite driving contenders.
- To supplement associations internal competing data gathering endeavors by giving vital investigation, information understanding, and knowledge.
- Five-year forecast measure would give a clear understanding of future growth.
- Investigation of upcoming and past market information will help in organizing an outline of current business strategies.
- Comprehensive information of market players will help understand consumer demands and market scope.
- Development opportunities and forecast buyer requests will evoke the collection of revenue.
- A comprehensive analysis of the changing competitive dynamics will keep you ahead of the competitors.
- The fresh proficient elements such as industry production study, revise product-launching events, growth and risk factors will help in the forecast feasibility analysis.
- To distinguish the slightest focused market specialties with huge development potential.
The growth of this market worldwide is subjected to various factors; including consumer world-class Cybersecurity Market of many Cybersecurity Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Cybersecurity Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Cybersecurity Market competitors.
Mr. Ajay More
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