Automotive Cyber Security Market Size To Advance At 21.4% CAGR By 2025, Due To Rising Data Breaching Incidence In Automated & Connected Vehicles | Million Insights

FELTON, Calif., Feb. 16, 2021 /PRNewswire/ -- The global automotive cyber security market is projected to reach USD 5.56 billion by 2025, according to Million Insights. A growing data breaching incidence owing to increasing number of automated and connected vehicles is a major factor driving the market growth. In addition, a rising focus on implementing automotive cyber security policies is projected to surge the demand for the market in the next few years. Automotive data taxonomy, Cloud infrastructure, and mobile cross platforms are other major factors expected to augment market growth.

For seamless connectivity, technological advancement in the automotive industry is gaming traction due to rising a huge volume of data exchange, which is also anticipated to have a positive impact on market growth. In addition, electronic information control systems such as fixed-speed cruise control, auto-braking sensors, tire-pressure, and electric power steering have become compulsory in all vehicles. Other systems like ADAS, powertrain, safety systems, and infotainment are also being used in automotive electronics operations. This factor will exhibit vehicle-to-everything communication, which is expected to open lucrative opportunities for the automotive cybersecurity market.

Please click here to get the sample pdf and find more details on "Automotive Cybersecurity Market" Report 2025.

North America is expected to lead the market owing to the rising adoption of autofocus vehicles coupled with the integration of new technologies such as connected car systems and smart antennas. Moreover, stringent norms regulated by the government for automotive cyber security and growing investment in automotive sectors are projected to augment the regional market growth. The major players operating in this industry are HARMAN International, Continental AG, Argus Cyber Security Ltd, Argus Cyber Security Ltd, ESCRYPT, and NXP Semiconductors N.V.

Further key findings from the report suggest:

• In Europe, the passenger segment is projected to hold more than 77.0% by 2025 owing to implementation of cyber security strategies, rising scope of data exchange, and growing production of Electric Vehicles (EVs).
• In China, infotainment application led the automotive cyber security market owing to early adoption of Infotainment application.
• Wireless network security segment is projected to hold the largest market share by 2025.
• OEMs are focusing on features offered by connected car systems which is expected to contribute positive impact on market growth.

Browse 180 page research report with TOC on "Global Automotive Cyber Security Market" at: https://www.millioninsights.com/industry-reports/global-automotive-cyber-security-market

Million Insights has segmented the automotive cyber security market on the basis of security, vehicle type, application, service, and region:

• Automotive Cyber Security Vehicle Type Outlook (Revenue, USD Million, 2015 - 2025)
• Passenger Car
• Commercial Vehicle
• Electrical Vehicle
• Automotive Cyber Security Application Outlook (Revenue, USD Million, 2015 - 2025)
• ADAS & Safety System
• Infotainment
• Body Electronics
• Powertrain
• Telematics
• Automotive Cyber Security Service Outlook (Revenue, USD Million, 2015 - 2025)
• In-vehicle Services
• External Cloud Services
• Automotive Cyber Security Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Spain
• Russia
• Turkey
• Italy
• Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Rest of World
• Brazil
• South Africa
• Iran

Explore the Latest Press Releases by Million Insights:

• E-waste Management Market - The global e-waste management market is projected to account for 63.705 million metric tons by the end of 2025, with a CAGR of 4.1% over the forecast period 2017 to 2025. The declining average lifespan of consumer electronic devices and the increasing number of machine to machine (M2M) connected devices are anticipated to increase the demand for electronic components.
• Plant Cell Culture Equipment Market - The global plant cell culture equipment market size is expected to value at USD 1.05 billion by 2025. The overall market is expected to grow at a CAGR of 13.1% throughout the projected years. The need for transgenic crops is increasing due to several advantages provided by these crops like improvement in the productivity, quality, and yield and the creation of insect-resistant cultivators for crops.
• Golf Trolley Market - The global golf trolley market size is projected to reach USD 195.4 million by 2025, growing with a CAGR of 3.7% from 2019 to 2025. The rising popularity of golf among the youth population is surging the demand for this product across the world.
• Analytics of Things Market - The global analytics of things or internet of things (IoT) analytics market size is projected to value at USD 57.3 billion by 2025, registering a CAGR of 29.7% from 2017 to 2025. The rising demand for cost-effectiveness and advanced technologies are surging the demand for analytics of things.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: [email protected]
Web: https://www.millioninsights.com/
Follow Us: LinkedIn | Twitter

SOURCE Million Insights