According to a new market research report published by Global Insight Services ” Automotive Cybersecurity Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive cybersecurity is the protection of a vehicle against unauthorized access or theft of data. It includes the prevention of unauthorized access to the vehicle’s electronic systems, such as the engine control unit, the infotainment system, and the onboard diagnostics system.
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Key Players
- Audi
- Argus Cyber Security Ltd.
- Arilou Technologies Ltd.
- BMW
- BT Security
- Cisco Systems, Inc.
Key Trends
The automotive industry is under pressure to improve cybersecurity in the face of increased threats. The key trends in automotive cybersecurity technology are:
Increased focus on data security: The automotive industry is collecting more data than ever before, from vehicle sensors and infotainment systems. This data is a valuable target for hackers, who could use it to gain insights into a vehicle’s weaknesses or to impersonate the owner. To protect this data, automakers are increasingly turning to data encryption and other security technologies.
Improved authentication: In the past, it has been relatively easy for hackers to gain access to a vehicle’s systems using stolen credentials. To improve authentication, automakers are now using biometric technologies such as fingerprint scanners and iris scanners.
Improved software security: The majority of automotive cybersecurity breaches are caused by vulnerabilities in software. To improve software security, automakers are adopting security-focused development processes and tools, such as static code analysis.
Key Drivers
There are a few key drivers of automotive cybersecurity. The first is the need to protect vehicles from external threats. This includes threats from hackers who may try to gain access to vehicle systems in order to control them or steal data.
The second driver is the need to protect vehicles from internal threats. This includes threats from employees who may have malicious intent or from errors that could lead to vehicle malfunctions.
The third driver is the need to meet regulatory requirements. Many countries are now requiring that automakers take steps to protect vehicles from cyberattacks. This is driving automakers to invest in cybersecurity technologies and to create policies and procedures to protect vehicles.
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Market Segments
By Security
- Hardware Security
- Software Security
- Network Security
- Cloud Security
By Type
- Passenger Vehicle
- Commercial Vehicle
By Application
- On-board Diagnostic (OBD)
- Communication
- Safety Systems
- Infotainment
- Telematics
Reasons to buy Automotive Cybersecurity Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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