DUBLIN, March 18, 2024 /PRNewswire/ — The “European Automotive Cybersecurity Market – Analysis and Forecast, 2022-2031” report has been added to ResearchAndMarkets.com’s providing.
The European automotive cybersecurity market (excluding UK) was valued at $793.5 million in 2022 and is anticipated to develop at a CAGR of 24.08% to achieve $5.53 billion by 2031. Automotive cybersecurity is anticipated to develop considerably in Europe. This development is primarily pushed by components such because the rising variety of linked vehicles, rising adoption of electronics per car, rising cyber threats attributable to elevated knowledge and car connectivity, and rising gross sales of electrical automobiles. It’s doable.
In 2019, Europe’s high 4 automotive producing nations – Germany, France, UK and Italy – produced greater than 50% of the overall passenger vehicles produced in Europe. Countries corresponding to Sweden and the Netherlands are specializing in selling self-driving and linked vehicles, which is able to additional drive the automotive cybersecurity market. Dutch legislators have given the auto business permission to check linked and self-driving automobiles on the nation’s roads.
Lack of standardization amongst producers and suppliers of linked and autonomous automobiles, new competitors out there, particularly the entry of Chinese firms, and integration of various applied sciences and providers into automobiles pose challenges to the European automotive cybersecurity market It turns into.
A lot of components are driving the automotive cybersecurity market, together with a rise within the variety of ECUs in electrical automobiles for improved efficiency and class, a rise in cyber-attacks concentrating on the automotive sector, and an increasing use of linked and autonomous automobiles. I’m.
To fight the rising variety of cyber assault vectors, automotive cybersecurity answer suppliers are collaborating with different key stakeholders and investing closely in constructing cutting-edge automotive cybersecurity options. Due to the rising concern of his OEMs in direction of car safety, the automotive cybersecurity business is anticipated to extend considerably within the forecasted years.
enterprise dynamics
enterprise driver
Increasing use of digital units per car and rising variety of linked vehicles Increasing cyber threats attributable to elevated knowledge and car connectivity Increasing gross sales of electrical automobiles
enterprise limits
Increased complexity and variety of digital units in automobiles Financial influence attributable to elevated vulnerabilities and motivation for cyber hackers Highly advanced ecosystem attributable to presence of a number of stakeholders High value of automotive cybersecurity options Impact of semiconductor scarcity
Some of the distinguished firms established on this market are:
ESCRYPT GmbH Vector Informatik GmbH Irdeto Garrett Motion Inc. Aptiv PLC NXP Semiconductors
Key questions answered within the report
What are the important thing market drivers, challenges, and alternatives within the European Automotive Cyber Security Market? What are the important thing growth methods applied by the important thing gamers to maintain within the aggressive market?
Split report
Segmentation by software
Communications Advanced Driver Assistance Systems (ADAS) and Safety Systems On-Board Diagnostics (OBD) Infotainment Telematics EV Charging Stations Others
Segmentation by car sort
Passenger vehicles Commercial automobiles
Segmentation by safety sort
Network Security Software Security Cloud Security Hardware Security
Segmentation by type
In-vehicle exterior cloud service
Segmentation by area
Case Study
Security threat evaluation to allow protected digital development Securing V2X communications with HSM Connected automotive risk evaluation Secure distant firmware updates and ECU integrity safety Vehicle electrical/digital (EE) structure
For extra info on this report, please go to https://www.researchandmarkets.com/r/xc2abe.
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