Automotive Cyber Security Market Expected to Grow at a Steady CAGR by 2022

The personal mobility ecosystem is expected to be transformed over the next several decades with the deployment of new automation and communications technologies. This evolution is occurring against the backdrop of well-publicized cyber-attacks in other industries, revelations about widespread government surveillance, and the ongoing threat of political terrorism. It is now more important than ever to design transportation systems and vehicles from the ground up with cyber security in mind. Cyber-attacks against commercial entities such as financial institutions and retailers can be extremely costly and disruptive. However, in a worst-case scenario, a successful attack on the transportation system could result in death or serious injury, perhaps on a mass scale.

The report on the global Automotive Cyber Security Market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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On the basis of geography, the parking management market may be categorized into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to dominate the global automotive cyber security market, in terms of volume, and is also projected to grow at a high CAGR during the forecast period. Also, Western Europe and Japan are the prominent market for automotive cyber security systems. It is expected that the growth in the region would be the largest with regards to one of the major application areas of connected cars. Asia Pacific is the largest automotive market and the largest electric vehicle production region.

KEY PREMIUM INDUSTRY INSIGHTS

The market for automotive cyber security is estimated to increase in the coming years due to increase in the adoption of telematics services in the vehicles. Also due to increasing threats of cyber-attacks in the automotive and transportation systems the need for automotive cyber security is increasing.

In next eight to ten years the demand for connected and autonomous vehicles is projected to grow, also number of companies are doing research in the field of connected vehicles and autonomous vehicles such as Nissan, Audi, BMW, Ford, GM, Toyota, Daimler, and others.

KEY MARKET PLAYERS

Key players in the Automotive Cyber Security Market include:

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.

Full Report: https://www.scalarmarketresearch.com/market-reports/automotive-cyber-security-market

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