Albany, NY -- (SBWire) -- 02/07/2018 --With autonomous vehicles and connected cars around the corner and the transformation of transportation, one of the biggest that the automotive industry would face is vehicle cyber attacks. The various electrical components in a vehicle are connected by means of an internal network and if hackers gain access to a peripheral electronic control unit, they could take complete control of safety critical components such as engines or brakes.
Further, there could also be concerning issues regarding the security of intelligent security systems that communicate with the automobiles. Thus, with the growing popularity of connected vehicles, the auto-makers are working in collaboration with internet service providers and software companies to offer cyber security systems to the users.
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The need for cyber security in the automotive industry is steadily increasing and this can be attributed to the increasing threat of cyber attacks in the transportation and automotive systems. The global automotive cyber security market is being strongly driven by the increasing connectivity of vehicles and the growing need for security in the connected cars ecosystem. The increasing integration of advanced features and rising adoption of telematics services in automobiles are also strongly boosting the growth of the global automotive cyber security market.
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Network communication is one of the primary reasons for malicious activities found in connected cars, where a hacking can take place easily because of a third party communication access in a connected car. Network security comprises products and services which are used to identify and prevent cyber threats in an automotive computer environment, thus ensuring a protected network via restricted device management accessibility to vehicle terminal, authorized services, protocols and management ports.
By solution type, the automotive cyber security market can be segregated into software based, hardware base, integration and professional service. The market can also be classified on the basis of application area into telematics, infotainment, OBD, safety, communication, powertrain and others.
The global automotive cyber security market can be further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America is expected to acquire the largest share of the global market during the forecast period. The increase in demand for cars in this region, owing to the convergence of the ICT and automotive sector has resulted in the emergence of the connected car ecosystem.
Some of the major players operating in the global automotive cyber security market include 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 Cyber Security Market: Worldwide Industry Analysis and New Market Opportunities Explored