Automotive Cybersecurity Market Research Report: Market valued at USD 3.4 billion in 2023 With a CAGR of 19.5% - MarkNtel Advisors
Global Automotive Cybersecurity Market Insights Report Overview
The Global Automotive Cybersecurity Market size was valued at USD 3.4 billion in 2023 and is projected to reach USD 12.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 19.5% during the forecast period, i.e., 2024-30. The stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources.
The readers of the study can better understand various consumer types, purchasing intentions, their wants and preferences, viewpoints on the product/service, how they react to a specific product that is currently on the market, and much more with the accurate and current information provided in this research report. The study also provides a thorough analysis of the measures that important stakeholders might do to lessen and avoid different economic repercussions.
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Global Automotive Cybersecurity Market Driver:
Ride-sharing Companies Expanding Worldwide – With the increasing populace, which is becoming more urbanized, the workforce is also growing. Hence, in the past few years, the usage of ride-sharing has been amplified. Therefore, ride-sharing companies have been receiving government support in various countries, to fulfill the growing demand for their services worldwide.
The ride-sharing service not only brings ease to consumers but also helps in reducing traffic on roads. Services like these have resulted in high demand, justified by the high level of comfort they offer to consumers. These services are further enabled to deliver greater consumer comfort, along with traffic reduction. Furthermore, these services are designed to mine sensitive user information, such as personal details & travel routes, so cybersecurity is of utmost importance. Hence, ride-sharing services have been contributing to driving the Automotive Cybersecurity Market. Further, ride-sharing companies are also coming up with advanced technology and solutions to enhance their consumer experience and gain market leadership in the forecast years.
Automotive Cybersecurity Market Analysis:
This analysis provides a thorough examination of the Automotive Cybersecurity Market industry, covering all key aspects. It delves into the broader market environment (macro-overview) while also offering detailed insights into industry performance (micro-level). Key elements explored include current trends, major drivers and challenges impacting the market, a breakdown of the value chain, a SWOT analysis of the industry's strengths, weaknesses, opportunities, and threats, and an analysis of Porter's five forces that influence competition within the market.
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Geographical Level Analysis:
The geographic assessment of the report offers a thorough study of numerous phenomena that are particularly pervasive in significant geographical pockets. By concentrating on key areas that have the potential to draw a larger consumer base, this study assists important stakeholders in making educated investment decisions. Stakeholders may strategically deploy their resources and target their efforts for maximum effect and customer engagement by recognizing the unique trends and dynamics within each region/ country.
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape:
Key market players are currently actively putting strategic measures into place to strengthen and develop their positions in this competitive industry. Additionally, businesses are enlarging their markets and looking for chances abroad. The competition landscape in the industry has been in-depth analyzed in the market research report. Additionally, extensive profiles of all big corporations are covered in the report. The study looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. Some of the key players in the market are the ones listed below:
- Infineon Technologies AG
- Continental AG (Argus Cyber Security)
- Robert Bosch GmbH (ESCRYPT GmbH)
- Garrett Motion Inc.
- Intel Corporation
- Aptiv Plc.
- C2A Security
- Others
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Automotive Cybersecurity Market Segmentation Analysis:
In any market, market segmentation study is essential to corporate success. Businesses may successfully focus their efforts, reduce risks, and beat rivals by knowing and classifying various market groups. In order to succeed in a market environment that is constantly changing and competitive, businesses must incorporate market segmentation analysis into their business planning. Various segments are studied in this market report, data & figures of which are presented in a comprehensive manner. Segments includes:
By Offering
- Hardware - Market Size & Forecast 2019-2030F, USD Million
- Software - Market Size & Forecast 2019-2030F, USD Million
By Vehicle Type
- Passenger Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Light Commercial Vehicle (LCV) - Market Size & Forecast 2019-2030F, USD Million
- Medium & Heavy Commercial Vehicles (MHCV) - Market Size & Forecast 2019-2030F, USD Million
By Propulsion
- ICE Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Electric Vehicles - Market Size & Forecast 2019-2030F, USD Million
By Vehicle Autonomy
- Non-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Semi-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Autonomous (Driverless) Vehicles - Market Size & Forecast 2019-2030F, USD Million
By Deployment Type
- Embedded - Market Size & Forecast 2019-2030F, USD Million
- Integrated (Cloud-based) - Market Size & Forecast 2019-2030F, USD Million
By Application
- Body Control & Comfort - Market Size & Forecast 2019-2030F, USD Million
- ADAS & Safety Systems - Market Size & Forecast 2019-2030F, USD Million
- Telematics System - Market Size & Forecast 2019-2030F, USD Million
- Infotainment System - Market Size & Forecast 2019-2030F, USD Million
- Powertrain System - Market Size & Forecast 2019-2030F, USD Million
- Other (On-board Diagnostics, Operational Data, etc.) - Market Size & Forecast 2019-2030F, USD Million
By Security
- Application Security - Market Size & Forecast 2019-2030F, USD Million
- Wireless Network Security - Market Size & Forecast 2019-2030F, USD Million
- Endpoint Security - Market Size & Forecast 2019-2030F, USD Million
- Others (Network Security, Cloud Security, etc.) - Market Size & Forecast 2019-2030F, USD Million
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