Global Automotive Cyber Security Industry to reach USD 6.9 million by 2026. Global Automotive Cyber Security Industry is valued approximately USD 1.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.5% over the forecast period 2020-2026. Increasing number of cloud-based applications for vehicles in the automotive Industry followed by increasing number of connected cars are driving the growth of the Industry over the forecast period. According to American Association of Motor Vehicle Administrators (AAMVA) around 36% of vehicles are connected to internet that is expected to reach 96% by 2020. Thus, rising connected vehicles across the worldwide would create digital data that require efficient cyber security system.
On the basis of segmentation, the Automotive Cyber Security Industry is segmented into Security, Application, Form, Vehicle and Electric Vehicle segments. Security segment includes Endpoint Security, Application Security and Wireless Network Security, Application segment is further divided into Telematics System, Infotainment System, Powertrain System, Body Control & Comfort System, Communication System and ADAS & Safety System, Form segment is categorized into In-Vehicle and External Cloud Services, Vehicle segment includes Passenger Car and Commercial Vehicle and Electric Vehicle includes Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-In Hybrid Electric Vehicle (PHEV)).
The regional analysis of Global Automotive Cyber Security Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the dominating region across the world in terms of Industry share region over the forecast period 2020-2026. Owing to the growing demand of connected vehicles across countries such as China, Japan, and India.
The objective of the research study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming six years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the research study. However, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industry for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Automotive Cyber Security Market Segmentation:
Wireless Network Security
Body Control & Comfort System
ADAS & Safety System
External Cloud Services
By Electric Vehicle:
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa