A $4.4 Billion Global Opportunity for Automotive Cyber Security by 2026 – New Research from StrategyR
SAN FRANCISCO, June 27, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Automotive Cyber Security – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
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- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 8; Released: January 2022
Executive Pool: 673
Companies: 42 – Players covered include Airbiquity; Aptiv; Arilou Technologies; Autocrypt; Autotalks; AVL Software and Functions; Blackberry Certicom; C2A Security; Combitech; Continental and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Hardware); Application (ADAS & Safety, Infotainment, Powertrain Systems, Body Control & Comfort, Telematics, Communication Systems); End-Use (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Automotive Cyber Security Market to Reach $4.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Cyber Security estimated at US$1.9 Billion, is projected to reach a revised size of US$4.4 Billion by 2026, growing at a CAGR of 15.3% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 15.8% CAGR and reach US$3.8 Billion by 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 readjusted to a revised 14% CAGR for the next 7-year period.
The U.S. Market is Estimated at $574.9 Million in 2021, While China is Forecast to Reach $975.4 Million
The Automotive Cyber Security market in the U.S. is estimated at US$574.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$975.4 Million by the year 2026 trailing a CAGR of 19.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 13.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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