DUBLIN--(BUSINESS WIRE)--The "Global Automotive Cybersecurity Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The global automotive cybersecurity market is poised to grow by $241.41 million during 2020-2024, progressing at a CAGR of 17% during the forecast period.
This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by high-level software integration into vehicle ECUs and the need for cybersecurity in connected cars. In addition, stringent data privacy regulations leading to increasing demand for automotive cybersecurity is anticipated to boost the growth of the market as well.
The study identifies the increasing adoption of blockchain technology as one of the prime reasons driving the automotive cybersecurity market growth during the next few years. Also, the collaboration between connected vehicle manufacturers and the ICT industry and machine learning-based cybersecurity to deal with real-time threats will lead to sizable demand in the market.
The global automotive cybersecurity market is segmented as below:
By Application
- Passenger vehicles
- Commercial vehicles
By Geography
- North America
- APAC
- Europe
- South America
- MEA
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive cybersecurity market vendors that include:
- Aptiv plc
- Argus Cyber Security Ltd.
- Arilou Information Security Technologies Ltd.
- ESCRYPT GmbH
- Infineon Technologies AG
- Karamba Security Ltd.
- Lear Corp.
- RunSafe Security Inc.
- Samsung Electronics Co. Ltd.
- secunet Security Networks AG
Also, the automotive cybersecurity market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
For more information about this report visit https://www.researchandmarkets.com/r/v6g5ga
