Huge Revenue Jump Expected in Automotive Cybersecurity Market Between 2020 and 2030 The global automotive cybersecurity market revenue stood at $1,152.7 million in 2019, and it is predicted to rise to $7,280.2 million by 2030. According to the forecast of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 18.5% between 2020 and 2030. The factors driving the expansion of the market are the burgeoning requirement for improved safety features in automobiles, growing deployment of connected vehicles, and the implementation of government regulations for promoting the adoption of automotive cybersecurity solutions. Additionally, the incorporation of artificial intelligence (AI)-powered solutions in automobiles is also fueling the growth of the market. This is because the emergence of these solutions is majorly responsible for the development of level 4 and 5 autonomous cars. Moreover, these solutions have heavily contributed to the development of connected services and devices, which have made the collection of automobile data easy. Therefore, it is safe to say that the integration of these solutions in autonomous cars is fueling the adoption of safety and security solutions in vehicles. Another major factor driving the progress of the automotive cybersecurity market is the advent of in-vehicle connectivity. Nowadays, people want to stay connected with the outside world at all times, and this trend is predicted to rise massively in the coming years. As a result, automakers are increasingly incorporating various in-vehicle connectivity features such as roadside assistance, collision warnings, real-time traffic monitoring, automobile diagnostics, and smartphone connectivity, in their products. The integration of these features makes the automobile highly vulnerable to cyberattacks, thereby making the installation of cybersecurity solutions highly necessary. Depending on vehicle type, the automotive cybersecurity market is divided into commercial vehicles and passenger cars. Between these, the commercial vehicles category is predicted to demonstrate the faster growth in the market in the coming years. This is credited to the enactment of strict government regulations and the rising incorporation of cloud-based solutions by fleet owners across the world. Moreover, fleet cybersecurity solutions provide real-time information and data of connected cars to the central control unit, which, in turn, assists fleet owners to efficiently organize and safeguard driver data and various other confidential information. Geographically, the automotive cybersecurity market is predicted to exhibit the highest growth rate in Asia-Pacific (APAC) in the forthcoming year. This is attributed to the surging automobile manufacturing and the rising disposable income of people, especially in the developing countries such as China and India. Furthermore, the growing public awareness about the benefits of the automotive cybersecurity solutions, increasing integration of these solutions in vehicles by several original equipment manufacturers (OEMs), and the enactment of government policies and regulations regarding data security and vehicle safety are also fueling the growth of the market in the APAC region. In addition to these, rapid infrastructure development in the developing countries is creating lucrative growth opportunities for the OEMs manufacturing connected vehicles in the region. Thus, the market is set for rapid expansion in the coming years, primarily because of the increasing deployment of connected cars, implementation of stringent government regulations regarding vehicle safety and data security, and the growing consumer demand for in-vehicle connectivity across the world. Read More: https://www.psmarketresearch.com/market-analysis/automotive-cybersecurity-market

Asia-Pacific automotive cybersecurity market was valued at more than $ 343 million in 2019 and is projected to grow at a CAGR of over 19% by 2026 on account of increasing demand for connected vehicles. Automotive cybersecurity protects system of the vehicle from any kind of cyberattacks. Additionally, technological advancements such as self-driving vehicles and connected cars, require internet for the proper functioning of the application and transformation of information. Sharing of information through internet disclose the data to cyberattacks, thereby further driving automotive cyber security market in the region. Global automotive cybersecurity market was valued around $ 1.3 billion in 2020 and is predicted to grow at the CAGR of over 19.38% during forecast period. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=4051 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/asia-pacific-automotive-cybersecurity-market/4051.html Major companies operating in Asia-Pacific automotive cybersecurity market recorded high sale volumes in 2020 and the trend is likely to continue during forecast period as well. List of major players operating in Asia-Pacific automotive cybersecurity market include Denso Corp., Argus Cyber Security Ltd. (a Continental AG company), Robert Bosch GmbH, Lear Corporation, Symantec Corp., NXP Semiconductors N.V., TowerSec Inc. (a Harman International Industries Inc. company), Vector Informatik GmbH, Trillium Secure, Inc. etc. Key players operating in the market are investing in innovations to earn sound returns on investments.

Memory Market for Autonomous and Connected Vehicles to Observe Fastest Growth in Level 3 Category The memory market for autonomous and connected vehicles is experiencing significant growth owing to the increasing necessity for a better driving experience, the speedy implementation of the Internet of Things in vehicles, the rising popularity of electric vehicles, and growing security and safety concerns among people. Memory Market for Autonomous and Connected Vehicles Research Report@ https://www.psmarketresearch.com/market-analysis/memory-market-autonomous-connected-vehicles Moreover, with an increasing number of commercial and passenger vehicles, problems such as accidents, limited availability of parking space, and traffic jams are rising particularly in developing nations, including China, Indonesia, and India. Based on application, the navigation category accounted for the largest industry share in the past few years. This is because of the growing acceptance of navigation features in automobiles, which produce large quantities of data, related to the chokepoints or traffic on the road, alternate routes, and shortest route which requires an effective storage mechanism. Whereas, the telematics category will observe the highest growth, owing to the increasing fondness for autonomous automobiles. The significant role telematics play in connected automobiles will enhance the development emphasis for autonomous automobiles. The telematics system of this kind of automobile captures data through sensors, cameras, and radars which requires sufficient data storage capacity. Based on autonomy, the level 0 category accounted for the largest memory market for autonomous and connected vehicles share in recent years. This is because of the rising fondness for navigation and infotainment services in these automobiles and the numerous non-autonomous vehicles in operation. Whereas, the level 3 category will observe the fastest growth in the years to come. This is ascribed to the rising driving autonomy in automobiles, deployment of level 3 autonomous automobiles in shared mobility fleets, mounting requirements for vehicles with higher driving autonomy in emerging economies, and rising purchase of such automobiles by the people.

Asia-Pacific automotive cybersecurity market was valued at more than $ 343 million in 2019 and is projected to grow at a CAGR of over 19% by 2026 on account of increasing demand for connected vehicles. Automotive cybersecurity protects system of the vehicle from any kind of cyberattacks. Additionally, technological advancements such as self-driving vehicles and connected cars, require internet for the proper functioning of the application and transformation of information. Sharing of information through internet disclose the data to cyberattacks, thereby further driving automotive cyber security market in the region. Global automotive cybersecurity market was valued around $ 1.3 billion in 2020 and is predicted to grow at the CAGR of over 19.38% during forecast period. Major companies operating in Asia-Pacific automotive cybersecurity market recorded high sale volumes in 2020 and the trend is likely to continue during forecast period as well. List of major players operating in Asia-Pacific automotive cybersecurity market include Denso Corp., Argus Cyber Security Ltd. (a Continental AG company), Robert Bosch GmbH, Lear Corporation, Symantec Corp., NXP Semiconductors N.V., TowerSec Inc. (a Harman International Industries Inc. company), Vector Informatik GmbH, Trillium Secure, Inc. etc. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=4051 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/asia-pacific-automotive-cybersecurity-market/4051.html