Automotive Cybersecurity Market

Market Leaders - Automotive Cyber Security Market

The global automotive cybersecurity market size is projected to grow from USD 1.9 billion in 2020 to USD 4.0 billion by 2025, at a CAGR of 16.5%. The key growth drivers of the market are the increasing sales of luxury vehicles, connected vehicles, and the adoption of regulations related to automotive cybersecurity.

The automotive cybersecurity market is dominated by global players such as Robert Bosch (Germany), Continental AG (Germany), Harman International (US), Denso Corporation (Japan), Aptiv (Ireland). Also, in past few years, start-ups have dominated the automotive cybersecurity market. Start-ups like Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies (Israel), GuardKnox (Israel) came up with innovative solutions and have collaborated with leading Tier I and II suppliers. These companies have adopted strategies such as new product development, expansion, collaborations, partnerships, and acquisitions to gain traction in the automotive cybersecurity market. Collaboration was the most adopted strategy by leaders in the automotive cybersecurity market. New product development was the second most adopted strategy by top players in the automotive cybersecurity market.

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Continental (Argus Cyber Security) is considered as one of the top players in the automotive cybersecurity market. The company primarily adopted new product development, collaboration and partnerships as a strategy to stay competitive in the automotive cybersecurity market. In March 2020, Argus Cyber Security and NXP Semiconductor announced a new integrated solution that allows carmakers to protect Ethernet network communications based on the NXP S32G vehicle processor. The joint solution consists of 1) Argus Ethernet Intrusion Detection System (IDS), which detects malicious activity at the network and application layers to keep drivers connected and protected. 2) NXPs S32G processor, a key building block for future vehicles, creates new opportunities with service-oriented gateways.  In April 2019, T-Systems and Argus Cyber Security announced to work on cyber defence for cars. The partnership offers customers an advanced and robust automotive security operations center. This is used to identify anomalies for connected vehicles. In July 2018, Continental announced that it is offering a new version of end-to-end cybersecurity and over-the-air software update solutions from Argus Cyber Security (Argus) and Elektrobit (EB) pre-integrated into its connected vehicle electronics products, including telematics units, infotainment systems, and gateways.

Key start-ups like Karamba Security, SafeRide Technologies adopted collaborations as a key strategies to stay ahead in the race of automotive cybersecurity market. In June 2019, SafeRide Technologies announced its collaboration with the Renault Nissan Mitsubishi Alliance on a proof of concept project to test its cybersecurity solutions on vehicles at the Alliances Innovation Lab Tel Aviv. SafeRides vSentry AI solution uses advanced machine learning paradigms to establish the normal behavior of the vehicle, without dependencies or previous knowledge of ECU properties and protocols. In October 2018, Karamba Security and STMicroelectronics announced the integration of Karamba’s Carwall end-to-end protection on ST Telemaco3P STA1385 automotive telematics and connectivity processor. Together, ST and Karamba are leveraging the security architecture of the Telemaco3P with the addition of Carwall Electronic Control Unit (ECU) hardening software. This combined solution provides best-in-class cybersecurity features for both contents and run-time integrity verification by detecting attempts at modifications and preventing deviations from the ECU’s intended behavior.

Related Reports:

Automotive Cyber Security Market by Form (In-Vehicle, External Cloud Services), Security (Endpoint, Application, Wireless Network), Application (Infotainment, Powertrain, ADAS & Safety), Vehicle Type, EV Type, and Region - Global Forecast to 2025

Mr. Aashish Mehra
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