The global Automotive Cyber Security market report published by Reports and Data offers a comprehensive overview of the market along with focus on key trends observed in the industry. The report discusses in detail the business sphere and highlights changes in the market dynamics as a result of disease outbreak, pandemic, and other scenarios. The report also offers key insights into financial standing, research and development activities, and product offerings that are influencing the market growth. The report also talks about strategic alliances such as mergers and acquisitions, joint ventures, collaborations, licensing and manufacturing agreements, and others occurring in the market that can impact market growth going ahead.
The world is swiftly shifting to electric vehicles as a preferred option for commutes. Especially after the lockdown was lifted in China, the demand for these vehicles saw a boost. All these vehicles function using IoT (Internet of Things), and therefore, the cyber security market for automotive is expected to boom in the coming years. Due to its widespread usage, it has gained demand over the years. The manufacturers of this software are consolidated in number. The future, however, seems to be supremely optimistic and bright for these cyber security companies for automotive. The market is expected to grow significantly in the forecasted period. The market is expected to reach the valuation of USD 8.84 Billion by the year 2027 and a CAGR of nearly 23.16%. The impact on the industry due to the pandemic has been detrimental as it has effectively turned the world’s attention to being considerate to the environment.
The report also presents a comprehensive analysis of global Automotive Cyber Security market in view of the Covid-19 pandemic. The pandemic has affected the market in terms of sales, production, financial investment, international trade activities and market disruption.
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Leading companies operating in the market and profiled in the report include:
- Arilou Technologies
- Cisco Systems
- Harman (TowerSec)
- SBD Automotive & Ncc Group
- Argus
- BT Security
- Intel Corporation
- ESCRYPT Embedded Systems
- NXP Semiconductors
- Trillium
- Secunet AG
- Security Innovation
- Symphony Teleca & Guardtime
- Utimaco GmbH
Market Overview:
Intelligent building management systems, telecommunications, computer and network hardware, video-conferencing, satellite systems, social networking, and other technologies are all covered under the umbrella term of information and communication technology (ICT). ICT is a complex and difficult field to work in since it necessitates substantial research and development as well as significant investments in the development of technologically advanced hardware and software to tackle complex challenges. Advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), Virtual Reality (VR), Mixed Reality (MR), and Augmented Reality are used in the sector to implement commercial applications and control the nation’s security and governance.
The global Automotive Cyber Security market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
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- PEST analysis of the market in the five major regions.
The global Automotive Cyber Security market research report provides a competitive strategy analysis portfolios to provide a better understanding of the competitive landscape. The goal of this report is to help readers improve their industry’s performance by focusing on recent developments, technology advancements, and various standard operating procedures and tools.
Automotive Cyber Security Market Segmentation:
By Type (Revenue in USD Million; Volume in Tons, 2017–2027)
- Software-based
- Hardware-based
- Network & Cloud
- Security Services & Frameworks
By Application (Revenue, USD Million; Volume in Tons, 2017–2027)
- Passenger Cars
- Commercial Vehicles
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Regional Outlook:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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