Automotive Cyber Security - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Automotive Cyber Security Market is accounted for $1.09 billion in 2017 and is expected to reach $6.81 billion by 2026 growing at a CAGR of 22.6% during the forecast period. Some of the key factors influencing the market are increasing amount of vehicle electronics and the growing adoption of advanced vehicle technologies. However, high installation cost of cyber security solutions and the high price of connected vehicles in which these security solutions are installed restricts the market growth of automotive cyber security market.
Security in automotive industry have grown along with autonomous vehicles and connected cars. This results in the increase in the level of cyber-attacks in the automotive industry. The vehicle comprising of various electrical components that are connected by means of an internal network is easily accessible to hackers. The hackers could take complete control on safety of critical components such as engines or brakes by gaining access to a peripheral electronic control unit.
On the basis of electric vehicle, hybrid electric vehicle (HEV) segment has a growing prominence because, as this vehicle combines a conventional internal combustion engine (ICE) system with an electric propulsion system. The presence of the electric powertrain is intended to achieve either better fuel economy than a conventional vehicle or better performance.
By Geography, Asia Pacific is anticipated to exhibit the considerable growth due to the increasing vehicle production, changing in-vehicle electronic architecture, increasing in-vehicle services connected to the external cloud, and expansion of leading OEMs amongst automotive component suppliers. The market growth in this region can also be attributed to the increasing sales of connected vehicles and government initiatives regarding the use of environment-friendly electric vehicles.
Some of the key players in Global Automotive Cyber Security market are Aptiv, Continental AG, Denso Corporation, Escrypt GmbH, Guardknox Cyber Technologies Ltd., Harman International, Honeywell International Inc., Karamba Security, NXP, Robert Bosch GmbH, Saferide Technologies Ltd, Symantec Corporation, Trillium Secure Inc., Vector Informatik GmbH and Arilou Automotive Cyber Security.
• External Cloud Services
• Commercial Vehicle
• Passenger Car
Electric Vehicles Covered:
• Plug-In Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)
• Application Security
• Cloud Security
• Endpoint Security
• Hardware Security
• Network Security
• Wireless Network Security
• Other Security
• Advanced Driver Assistance Systems (ADAS) & Safety System
• Body Control & Comfort System
• Communication System
• Infotainment System
• On-board diagnostic (OBD)
• Powertrain System
• Safety systems
• Telematics System
• Other Applications
• Managed Security
• Unified Threat Management
• Other Technology
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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