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Asia Pacific Automotive Cybersecurity Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Asia Pacific Automotive Cybersecurity Market, By Offering (Hardware, Software and Services), By Application (ADAS & Safety, Body Electronics, Communication Systems, Infotainment, Powertrain, Telematics and Others), By Vehicles (Passenger cars, commercial vehicle and electric vehicle), By Security (Endpoint, Application and Wireless Network), By Form (In-Vehicle and Cloud Services) By Country, Competition, Forecast & Opportunities to 2030

  • Published On: 25-Apr-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0422208
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

The objective of market report is to define, describe, and forecast the automotive cybersecurity market by providing detailed information regarding the major factors influencing the market growth and trends along with the detailed analysis of market players. 

The protection of automobile electronic systems, communication networks, control algorithms, software, users and underlying data against malicious attacks, damage, illegal access, or manipulation is known as cybersecurity in the context of road vehicles. Automotive cybersecurity safeguards the next generation of intelligent vehicles. 

Asia Pacific automotive cybersecurity market is growing at a CAGR of 16.1% over the forecast period. 

The infotainment application accounted for the largest share in the automotive cybersecurity market. 

The automotive cybersecurity market is predicted to grow with the rising cyber threat owing to increase in data and connectivity of the vehicles along with increasing adoption of connected and smart vehicles. 

The market's growth may be restricted owing to factors such as highly complex ecosystem with presence of multiple stakeholders and zero-failure rate for cybersecurity applications. 

United Nations Economic Commission for Europe (UNECE) for the vehicles going through type approval with regards to cyber security and International Organization for Standardization (ISO) which is a baseline for vehicle manufacturers and suppliers to ensure that cyber security risks are managed efficiently and effectively are discussed in the report. 

India is growing at the highest CAGR of about 19.1% over 2022- 2030. 

Asia Pacific automotive cybersecurity market is observed to have competitive in nature and is projected to shift towards consolidated nature in the forecast period. 

The report covers the following segments- offering, form, security, application and vehicle type. 

Wireless network segment dominated the market share in 2021 due to the rising implementation of new technologies in automotive and cybersecurity industry coupled with increasing need to ensure network security. 

Some key players operating in the Asia Pacific automotive cybersecurity market include Robert Bosch GmbH, Continental AG, Denso, Harman International and Lear Corporation among others. 

The key strategies adopted by market players include mergers and acquisitions, partnerships, regional expansion and new product development. 

The market faced a negative impact due to sudden outbreak of covid-19 as the worldwide lockdown was observed to prevent spread of virus. Also, it negatively impacting the demand of automotive cybersecurity market in Asian region. However, as business are still struggling up, cybersecurity is being considered as a core approach to keep businesses secure as they go virtual and online.