Accelerating Demand for Automotive Cybersecurity: Market Expected to Hit USD 8.61 Billion by 2027

Automotive Cybersecurity market in depth, and each of the major market segments is examined in depth. In addition to market information, the report provides industry statistics, regional market revenue shares, gross profits, production & distribution costs, and product portfolios related to the global Automotive Cybersecurity market. There are also a number of factors influencing industry revenue growth identified in the report, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, as well as a multitude of other micro- and macro-economic factors.

The global Automotive Cybersecurity Market is projected to reach USD 8.61 billion by 2027, according to a recent report by Emergen Research. The market is driven by high-level package integration into vehicle ECUs and therefore the want for cybersecurity in connected cars has been magnified. Additionally, demanding knowledge privacy laws resulting in increasing demand for automotive cybersecurity is anticipated to spice up the expansion of the market additionally.

Security issues within the automotive business have come up in conjunction with Automotive Cybersecurity and connected cars round the corner. This has resulted in associate multiplied level of cyber-attacks within the automotive business that has fueled the requirement for automotive cybersecurity systems. The vehicle comprising of assorted electrical parts that ideally is connected through an inside network is well accessible to hackers. The hackers might take complete management of safety-critical parts like engines or brakes by gaining access to a tangential electronic management unit. Thus, with the increasing quality of connected vehicles, the auto-makers square measure operating in association with net service suppliers and package firms to supply cybersecurity systems to the users. The growing incorporation of advanced options and growing adoption of telematics services in vehicles also are powerfully boosting the enlargement of the worldwide automotive cybersecurity market.

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Competitive Landscape and Automotive Cybersecurity Market Share Analysis

Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related Automotive Cybersecurity market.

• Key participants Denso Corporation, Aptiv, Escrypt, Continental AG, Karamba Security, Harman International, Saferide Technologies Ltd., Trillium Secure, Inc., NXP Semiconductors and Vector Informatik Gmbh among others.

 Drivers

• Within the cybersecurity market, the event of countermeasures is incredibly tough as a result of the shortage of standardization of cybersecurity solutions. The solutions for cybersecurity rely on the specifications given by the OEMs. These solutions vary because of the utilization of various platforms within the same vehicle model, variations within the electronic design, and totally different options within the vehicle. As a result, the automotive cybersecurity resolution suppliers face integration risks to affect threats and vulnerabilities of a vehicle.
• Autonomous vehicles are gaining unprecedented quantity of traction. The expansion of autonomous vehicles offers unequaled opportunities to cloud suppliers, OEMs, and alternative industry stakeholders to collaborate and partner with automotive firms to leverage this growth. In order to develop self-service vehicles, there has been an agreement between the automobile manufacturer, Mercedes-Benz, and Uber Technologies INC. in 2017 which implies that autonomous vehicles is likely to be a reality shortly. The arrival of autonomous vehicles can increase cybersecurity threats and, hence, drive the automotive cyber security business.
• Stakeholders from non-automotive industries square measure researching to look at the cybersecurity level globally. As an example, in 2017, the International Telecommunication Union (ITU), a specialized agency of the UN that deals with information and telecommunication matters extended their commitment towards various countries for keeping knowledge safe and secure for the upcoming years. These standards mandating cybersecurity solutions squares an ideal measure which can drive the adoption of cybersecurity on a global scale.

 Automotive Cybersecurity Market insights will improve the revenue impact of businesses in various industries:

➼ Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Automotive Cybersecurity Market

➼ Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Automotive Cybersecurity market and offering solutions

➼ Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints

➼ Provides an understanding of disruptive technology trends to help businesses make their transitions smoothly

➼ Helping leading companies make strategy recalibrations ahead of their competitors and peers

➼ Offers insights into promising growth for top players aiming to retain their leadership position in the & supply-side analysis of the Automotive Cybersecurity Market.

Scope of the Automotive Cybersecurity Market Report:

The research examines the key players in the global Automotive Cybersecurity market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. This study estimates the market size in terms of both values (millions of dollars) and volume (millions of units / K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Automotive Cybersecurity market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.

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For the purpose of this report, Emergen Research has segmented into the global Automotive Cybersecurity Market on the basis of vehicle type, application and region:

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

• Passenger Vehicle
• Commercial Vehicle
• Electric Vehicle

Application Outlook (Revenue, USD Billion; 2017-2027)

• ADAS and Safety
• Infotainment System
• Powertrain System
• Body Control and Comfort
• Telematics System

Security Type Outlook (Revenue, USD Billion; 2017-2027)

• Endpoint Security
• Application Security
• Wireless Network Security

 How will the Automotive Cybersecurity Market, 2022 to 2030 report help you?

In summary, our 250-page report provides you with the following knowledge:

• Revenue forecasts to 2030 for Automotive Cybersecurity Market, 2022 to 2030 Market, with forecasts for include report segmentation and company size, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.

• Revenue forecasts to 2030 for four regional and 20 key national markets – See forecasts for the Automotive Cybersecurity Market, 2022 to 2030 market in North America, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.

• Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Automotive Cybersecurity Market, 2022 to 2030.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.

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With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Emergen Research study is for everybody needing commercial analyses for the Automotive Cybersecurity Market, 2022 to 2030, market-leading companies. You will find data, trends and predictions.

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The content of each profile differs, depending on the organization. In general, a profile gives the following information:

• Overview of the company’s Automotive Cybersecurity products & services

• Analysis of recent financial performance–annual revenue of the companies

• Assessment of developments–activities, acquisitions, production capacity, deals, new service offerings and collaborations

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