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Automotive Cybersecurity Market Estimated to Reach USD 6.5 Billion by 2028, Growing at a CAGR of 15.8 %, Top Companies; Infineon Technologies AG, Argus Cyber Security, Intel Corporation | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware

According to MarketDigits Automotive Cybersecurity Market was valued USD Billion in 2021 and estimated to reach USD 6.5 Billion by 2028, growing at a CAGR of 15.8 % during the forecast period of 2022-2028.

The report on Automotive Cybersecurity Market covers segments by Vehicle Type (Passenger Car, Commercial Vehicle, and Electrical Vehicle), Service (In-vehicle Services, External Cloud Services), Security, Application and Region Forecast to 2028. The Automotive Cybersecurity Market current scenario and forecast are presented in-depth in the Automotive Cybersecurity Market research study. The report may be the ideal synthesis of qualitative and quantitative data, highlighting significant market developments, challenges, competitive industry analysis, and new opportunities available and trends.

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Automotive Cybersecurity Market Insights:

Major drivers for automotive cybersecurity market are in-vehicle section is estimated to develop at the fastest rate over the projection period. Medium, luxury and mid-sized car sales are increasing in Asia Pacific, and there is a growing awareness of passive and active safety measures. Another significant factor driving market progress in this sector is the significant production of passenger vehicles, which is also accompanied by the expanding adoption of connected vehicles and other cutting-edge technology. China and India are regarded as manufacturing behemoths in the automotive sector. The market will rise as a result of increasing cyber-attacks to the automotive and transport industries. Increasing regional logistics and transportation service will further contribute in the development and growth of the automobile cyber security market. During the forecasted period, the global market for automotive cyber security is expected to rise at a faster rate due to the increasing demand for connected vehicles. As the market for connected vehicles grow, it is projected that interest in automotive cyber security would increase. As there are more connected automobiles on the road, the requirement for cyber security in these vehicles will increase.

Pre-Post Impact of Covid-19 on Automotive Cybersecurity market:

The COVID-19 pandemic, which has affected businesses from all sectors of industry, has had an influence on both personal and professional lives. Public sector businesses and government organizations, as well as the IT, telecommunications, and healthcare industries, heavily invested in IoT technology to manage the unique COVID-19 pandemic catastrophe and get the best results in saving a life. Therefore, increased IoT investment during the pandemic is a significant contributor to the markets growth.

Top Key Players of Automotive Cybersecurity market:

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.

Automotive Cybersecurity Market Scope and Market Size:

The main outputs of this analysis are market data with thorough classifications and revenue breakdowns. Revenues from the Automotive Cybersecurity Market are broken down by service type, deployment style, sector, and geography. Players, stakeholders, and other market participants will be able to establish a strong position as a result of this reports benefits for their marketing plans. In terms of revenue and forecast for the years 2022-2028, the market study focuses on revenue and forecast by region/countries and by application. In-depth market share analysis with individual revenue, market shares, and company rankings. Detailed competitive landscape with identification of the important players in relation to each type of market.

The Report also looks at the markets current state of development, its prospects, and the global Automotive Cybersecurity market trend. Additionally, it divides the Automotive Cybersecurity Market into segments according to service type, deployment methodology, industry, and region to allow for in-depth analysis and the disclosure of market characteristics and prospects.

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Segmentations Analysis of Automotive Cybersecurity Market:

Major Segmentations Are Distributed as follows:

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle
  • Electrical Vehicle

By Service

  • In-vehicle Services
  • External Cloud Services

By Security

  • Endpoint
  • Application
  • Wireless Network

By Application

  • ADAS & Safety System
  • Infotainment
  • Body Electronics
  • Powertrain
  • Telematics

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Reason to purchase this report:

  • Determine prospective investment areas based on a detailed trend analysis of the global market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different and automotive cybersecurity market segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global automotive cybersecurity market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global automotive cybersecurity market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

About us:

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

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