The global auto cyber security market is expected to cross US$ 31 million by 2021, registering a compound annual growth rate (CAGR) of around 13.0% during the given forecast period. The growth of the market is due to increase in demand for the wireless-based application from the connected car enablers and security segment. Various legislations and partnerships along with the increasing demand for secure solutions are expected to drive the auto cyber security market. However, the additional costs of products are expected to hamper the market growth.
One of the major trends in the market will be the entry of cloud providers, as the cloud-based technology is affordable. Due to the untapped market, many cloud providers are expected to enter the market with customized cloud security applications. Furthermore, their entry can increase the competition and improve the solutions.
In this report, the global auto cyber security market is segmented by security type, vehicle type, application, and region. On the basis of security type, the market is segmented into wireless security, network security, application security, cloud security, and endpoint security. The market by vehicle type is segmented into passenger cars and commercial vehicles. The market is segmented by application into telematics, OBD, infotainment, communication channels, powertrain, and safety systems.
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The global auto cyber security market is segmented on the basis of key regions, namely, North America, Western Europe, Central Eastern Europe, the Middle East & Africa, Latin America, and Asia-Pacific. Western Europe and Asia-Pacific are expected to dominate the market during the forecast period. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, Brazil, and GCC countries. The report includes a detailed study of the global and regional auto cyber security market and analyzes the variations in the growth of the industry in certain regions.
Infineon Technologies AG, Harman International Industries, Inc. (Towersec), Argus Cyber Security, Delphi Automotive PLC, Intel Corporation, Lear Corporation, Trillium Inc., SBD Automotive & Ncc Group, Karamba Security, Escrypt, and Arilou Technologies are the most active players in the auto cyber security market.
This report covers the market, in terms of value, and forecasts the market size till 2020. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.
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