Future Autonomous Vehicles Market Landscape Expected to See Significant Growth by 2031 – ChattTenn Sports
The global automotive industry is growing rapidly due to increasing disposable income, urbanization and other factors. Autonomous vehicle security solutions are increasingly in demand globally due to the growing demand for connected and autonomous vehicles in the commercial and passenger segments. Fully autonomous vehicles are also expected to become a major consumer of vehicle security solutions owing to the growing developments in this segment.
Autonomous and connected vehicles are vulnerable to cyberattacks and the number of vehicle hacks and thefts is increasing due to less awareness of security solutions. Governments in developed markets have developed vehicle security regulations to overcome cyber threats. It has therefore become a mandate for companies to develop embedded, cloud and network-based security systems.
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Global Autonomous Vehicle Safety Market Revenue is estimated at USD 6.87 Billion in 2017 and is projected to reach USD 15.68 Billion by 2023, growing at a CAGR of 14.7% during the period. forecast 2017-2023.
Revenue and Market Segmentation Analysis:
The report covers vehicle type, namely passenger vehicles, light-duty vehicles, heavy-duty vehicles and fully autonomous vehicles. Passenger vehicles are adopting more safety solutions due to the growing use of connected and autonomous vehicles in the regions. Growing investments by governments in developing connected mobility solutions in their smart cities are also expected to boost the autonomous vehicle cybersecurity market.
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The report covers types of security i.e. application security, network security, wireless security and cloud security. Wireless and cloud security solutions are mostly dominated by pure play software development companies due to their existing developments in cloud and connectivity infrastructure. The type of in-vehicle security is also called the first level of cyber security system, which is developed by several automotive OEMs and technology companies. Security communication has yet to receive standard technological developments for wide expansion in Asian and European markets. Application security, network security, and wireless security solutions are expected to grow over the forecast period, followed by cloud security solutions.
The report covers service platforms, namely consulting service providers, integration service providers and maintenance service providers. These platforms provide the service connectivity required for the implementation of safety solutions in autonomous and connected vehicles. Consulting services and integration services are expected to grow at a higher rate through 2023 and US and European countries are expected to procure more of these services, followed by APAC and MEA.
The report covers solution types, namely Identity & Access Management (IAM), Unified Threat Management, IDS/IPS, Risk & Vulnerability Management, DDoS Mitigation, Anti-malware, Data Loss Prevention (DLP) and others. These are useful for providing cybersecurity solutions and for building secure communication platforms between connected vehicles. IAM, Unified Threat Management, IDS/IPS, and Risk & Vulnerability Management are expected to grow at a higher CAGR during the forecast period, 2017-2023, owing to their increased usage in application security, network security, wireless security and cloud security solutions. that are supplied to autonomous vehicles.
Regions covered in this report are Americas, Europe, MEA and APAC. In 2016, the Americas and Europe were the top adopters of autonomous vehicle safety solutions, followed by APAC and MEA. However, APAC will become the major adopter of security solutions by 2023 due to the development of automotive sector in countries like China, Japan, India, South Korea and others.
Benefits and Providers
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, top business priorities, SWOT, strategy, and opinions; and competitive landscape. Autonomous vehicle security solutions are set to change the connected vehicle industry by 2025 with its wide range of in-vehicle security and anti-hacking solutions. The report covers in-depth analysis of Toyota, Siemens, Cisco, Ford, Robert Bosch, Argus Cyber Security, Arilou Cyber Security, ESCRYPT – Embedded Security, Karamba Security and Secunet Security Networks AG.
The study offers a comprehensive analysis of the “Global Autonomous Vehicle Security Market”. Bringing out comprehensive key industry information, the report aims to provide players with an opportunity to understand the latest trends, current market scenario, government initiatives, and market related technologies. Also, it helps venture capitalists understand companies better and make informed decisions.