Pune, India -- (SBWire) -- 12/05/2018 --Industry Overview of Automotive Cyber Security Market:
Automotive Cyber Security is the software used to protect car data from being attacked.
Demand is driven by demographics and the health of the economy. The profitability of individual companies depends on their ability to bid accurately, secure contracts, and control costs. Large companies enjoy economies of scale in financing and the ability to offer a broad range of services in many locations. Smaller companies can compete effectively by specializing in particular services or focusing on certain geography.
USA has been the largest consumption market in the last years. Now, USA has enjoyed about 36% market share and followed by Europe and China respectively with market share of 34 % and 7%.
Over the next five years, LPI(LP Information) projects that Automotive Cyber Security will register a 72.1% CAGR in terms of revenue, reach US$ 1480 million by 2023, from US$ 100 million in 2017.
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This report presents a comprehensive overview, market shares and growth opportunities of Automotive Cyber Security market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Software-based
Hardware-based
Security Services & Frameworks
Segmentation by application:
Passenger Cars
Commercial Vehicles
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market.
The key players covered in this report:
Arilou technologies, Cisco systems, Harman (TowerSec),SBD Automotive & Ncc Group, Argus, BT Security, Intel Corporation, ESCRYPT Embedded Systems, NXP Semiconductors, Trillium, Secunet AG, Security Innovation, Symphony Teleca & Guardtime, Utimaco GmbH
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Research objectives
To study and analyze the global Automotive Cyber Security market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive Cyber Security market by identifying its various subsegments.
Focuses on the key global Automotive Cyber Security players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Cyber Security with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Automotive Cyber Security submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In the end, the report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
Automotive Cyber Security Market Is Expected to Grow 72.1% CAGR During the Period 2018-2025