With autonomous vehicles and connected cars around the corner and the transformation of transportation, one of the biggest that the automotive industry would face is vehicle cyber attacks. The various electrical components in a vehicle are connected by means of an internal network and if hackers gain access to a peripheral electronic control unit, they could take complete control of safety critical components such as engines or brakes. Further, there could also be concerning issues regarding the security of intelligent security systems that communicate with the automobiles. Thus, with the growing popularity of connected vehicles, the auto-makers are working in collaboration with internet service providers and software companies to offer cyber security systems to the users.

The need for cyber security in the automotive industry is steadily increasing and this can be attributed to the increasing threat of cyber attacks in the transportation and automotive systems. The global automotive cyber security market is being strongly driven by the increasing connectivity of vehicles and the growing need for security in the connected cars ecosystem. The increasing integration of advanced features and rising adoption of telematics services in automobiles are also strongly boosting the growth of the global automotive cyber security market.

The global automotive cyber security market can be segmented on the basis of security type, solution type, application area, vehicle type and region. Based on security type the global market can be segmented into network security, application security, endpoint security and wireless security and cloud security. Network security market is expected to hold the highest share of the global market. Network communication is one of the primary reasons for malicious activities found in connected cars, where a hacking can take place easily because of a third party communication access in a connected car. Network security comprises products and services which are used to identify and prevent cyber threats in an automotive computer environment, thus ensuring a protected network via restricted device management accessibility to vehicle terminal, authorized services, protocols and management ports. By solution type, the automotive cyber security market can be segregated into software based, hardware base, integration and professional service. The market can also be classified on the basis of application area into telematics, infotainment, OBD, safety, communication, powertrain and others. On-board diagnostics or OBD is anticipated to witness the fastest growth during the forecast period, as these ports offer direct access to the internal, most sensitive and critical systems in an automobile. Additionally, the market can be bifurcated by vehicle type into passenger vehicles and commercial vehicles. The global automotive cyber security market can be further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America is expected to acquire the largest share of the global market during the forecast period. The increase in demand for cars in this region, owing to the convergence of the ICT and automotive sector has resulted in the emergence of the connected car ecosystem. The need for cyber security thus is set to rise steadily driven by the increasing adoption of connected cars in North America.

The global automotive cyber security market report provides the market share analysis of the key industry participants operating in the industry. The global market comprises a considerable number of eminent auto-makers. These players have been exhaustively profiled and their business overview, financial overview, business strategies and recent developments have been covered under the purview of the report. Some of the major players operating in the global automotive cyber security market include Infineon Technologies AG, Argus Cyber Security, Intel Corporation, Trillium Inc., Harman International Industries, Inc., Delphi Automotive PLC, Lear Corporation, SBD Automotive & Ncc Group, Arilou Technologies, Karamba Security and ESCRYPT GmbH among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Cyber Security Market

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