The cyber security market is estimated to grow with a CAGR of 13.2% from 2016 to 2021 to reach a market size of USD 31.8 million by 2021. Growing integration of advanced features in automobiles and increasing connectivity in the vehicles are the major opportunities for the automotive cyber security market.
The application security segment in the automotive cyber security market is projected to grow at the highest CAGR during the forecast period among all the security types. Application security refers to software security and code security from external and internal threats, such as web attacks, DDoS (automobile-based Trojan), site scraping, and fraud.
The North American region is estimated to dominate the global automotive cyber security market, in terms of volume, and is projected to grow at a high CAGR during the forecast period. 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-car to X communication.
The demand for cars has also witnessed a boost recently in the North American region with the convergence of the ICT sector, the automotive sector, and the transportation sector, resulting in the emergence of the connected vehicle ecosystem. Thus, the need for cyber security solutions for cars in this region will also increase.
- Argus Cyber Security
- Arilou Technologies
- Delphi Automotive PLC
- Harman International Industries, Inc. (Towersec)
- Infineon Technologies AG
- Intel Corporation
- Karamba Security
- Lear Corporation
- SBD Automotive & Ncc Group
- Trillium Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Cyber Security Market, By Security Type
7 Automotive Cyber Security Market, By Vehicle Type
8 Automotive Cyber Security Market, By Area of Application
9 Automotive Cyber Security Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/cvn4m3/automotive_cyber
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-cyber-security-market-worth-usd-318-million-by-2021---increasing-connectivity-in-vehicles---research-and-markets-300299344.html
SOURCE Research and Markets