Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Automotive Cyber Security Market Projected to Grow at a CAGR of 23.1% between 2020 and 2025

According to a new report by EMR titled, ‘Global Automotive Cyber Security Market Report and Forecast 2020-2025’, the global automotive cyber security market reached a value of nearly USD 1.6 billion in 2019. It is further expected to attain a value of USD 5.57 billion by 2025, growing at a CAGR of 23.1%.

The global automotive cyber security market is propelled by the increasing safety concerns in the automotive sector. Regionally, North America is the most dominant market for automotive cyber security due to the increased demand for automobiles. Increasing investments as well as critical actions undertaken by local governments to address cyber-attacks on sectors like the automotive industry will also drive the market growth in the region. Due to changing consumer lifestyle and increasing purchasing power, along with rapid urbanisation in the region, the Asia Pacific is expected to be the second largest market for automotive cyber security. In Europe, another significant regional market for automotive cyber security, the involvement of major automotive manufacturers such as Porsche, Audi, Ford (NYSE: F), Opel, BMW, Volkswagen and Mercedes-Benz in Germany aided the automotive cyber security industry growth in the region in 2018.

The increasing focus on enabling stricter cyber security rules is significantly supporting the growth of the automotive cyber security industry. In 2018, Siemens (OTCMKTS: SIEGY) and eight industry partners signed the first joint charter for greater cybersecurity at the Munich Security Conference. The Charter of Trust, initiated by Siemens, calls for binding rules and standards to build confidence in cybersecurity and advance digitalization further. With Automotive OEMs expanding their revenue streams to include connected automotive phones, the demand for cyber security in the automotive sector is witnessing a further boost.

Market Analysis by Security, Application, Form, Vehicle, Electric Vehicle, and Region:

  • Based on security, the market is segmented into endpoint security, application security, and wireless network security.
  • It finds its applications in telematics system, infotainment system, powertrain system, body control and comfort control, communication system, and ADAS and safety system.
  • Automotive cyber security is available in in-vehicle and external cloud service forms.
  • It is further segmented on the basis of vehicle into passenger car and commercial vehicle.
  • The electric vehicle can be further segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV).
  • The major regions in the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growth of the automotive cyber security market is being propelled by the strengthening of the guidelines by regulatory bodies regarding vehicle data protection.
  • The rising number of cloud-based applications, along with technological advancements in the vehicles, is aiding the growth of the industry.
  • The application security sector is projected to grow at a faster rate owing to the rising demand for luxury vehicles.
  • The in-vehicle segment is expected to grow at a faster pace in developing regions like India due to the increasing demand for in-vehicle applications.

Key Offerings of the Report:

  • The EMR report provides an overview of the global automotive cyber security market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the security, applications, forms, vehicles, electric vehicles, and regional markets of automotive cyber security.

The key players in the global automotive cyber security market include Harman International Industries, Inc, Continental AG, Robert Bosch GmbH, DENSO CORPORATION, Symantec Corporation, Honeywell International Inc., Trillium Secure Inc., and Vector Informatik GmbH, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Scrap Metal Shredder Market Report and Forecast 2020-2025



Global Engine Block Heater Market Report and Forecast 2020-2025


Global Light Rail Vehicle Market Report and Forecast 2020-2025


Global Pipe Threading Machine Market Report and Forecast 2020-2025


NEWSLETTER