2018-2023 Global and Regional Automotive Cyber Security Market Research Report

Published On : 28-11-2018

The Automotive Cyber Security market size will grow from USD 19.34 Million in 2017 to USD 40.60 Million by 2023, at an estimated CAGR of 13.15%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

The OBD area of application segment in the global automotive cyber security space is expected to be the fastest growing market in terms of CAGR as OBD ports commonly provide direct access, through the CAN bus, to the internal, most critical, and sensitive systems in the vehicle. Once the hackers’ agents are able to get on the OBD device, they can send out malicious messages over the vehicle’s bus which enables them to influence some of the vehicle’s elements, such as unlocking the doors and manipulating the instrument cluster and more. Application security, which refers to software security and code security from external and internal threats, is projected to grow at the highest CAGR in the automotive cyber security market. The importance of mobile devices in the connected car segment has significantly increased the usage of application security solutions across varied car manufacturers.

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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