SAN FRANCISCO, June 27, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Automotive Cyber Security: Global Market Analysis and Trajectory”. The report presents new perspectives on opportunities and challenges in a significantly transformed post-COVID-19 market.
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Edition: 8; Released: January 2022
Executive Pool: 673
Companies: 42 – Covered spawners include Airbiquity; suitable; Arilou Technologies; self-encrypting; automatic conversations; Software and AVL features; Blackberry Certicom; C2A security; combitech; Mainland and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Hardware); Application (ADAS and safety, infotainment, powertrain systems, body control and comfort, telematics, communication systems); End Use (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)
Geographies: World; USA; Canada; Japan; Porcelain; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest of Europe); Pacific Asia (Australia; India; South Korea; and rest of Pacific Asia); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of middle East); Y Africa.
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Scope of the global automotive cybersecurity market $4.4 billion by 2026
Amid the COVID-19 crisis, the global automotive cyber security market was estimated at US$1.9 billionis expected to reach a revised size of US$4.4 billion by 2026, growing at a CAGR of 15.3% during the analysis period. Software, one of the segments analyzed in the report, is forecast to post a CAGR of 15.8% and reach US$3.8 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the hardware segment is reset to a revised CAGR of 14% for the next 7-year period.
The US market is estimated at $574.9 million in 2021, while China is projected to reach $975.4 million by 2026
The automotive cybersecurity market in the US is estimated at 574.9 million US dollars in the year 2021. Porcelainthe second largest economy in the world, is anticipated to reach a projected market size of US$975.4 million for the year 2026 with a CAGR of 19.9% during the analysis period. Other notable geographic markets include Japan Y Canada, each forecast growth of 10.9% and 13.5%, respectively, over the period of analysis. Within Europe, Germany it is forecast to grow at approximately 12.1% CAGR. Plus
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About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-driven market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate market and industry forecasts for more than 33 years.
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SOURCE Global Industry Analysts, Inc.