Europe Market for Cyber Security of Cars By Type, Geography and Vendors Forecasts, Shares and Trends (2017 – 2022)

Connected cars offer significant opportunities for innovative features and services driven by the consumers' preferences for vehicle infotainment and safety systems. Europe Market for Cyber Security of Cars by Provider, Application, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

Dallas, United States - February 5, 2018 /MarketersMedia/ —

The Europe's Cybersecurity of Cars Market report presents a deep analysis of the current state of the markets along with its regional trends. The report has been documented with all the research findings related to the industry in order to support acquisition decisions of the agencies in the Europe's cybersecurity of cars market.

Europe's cybersecurity of cars market was valued at USD XX in 2016 and is projected to reach USD XX  billion by 2022, at a CAGR of 52.014% during the forecast period from 2017 to 2022. Automotive cybersecurity has been a critical concern for the OEMs and their customers throughout the world. With the market for connected vehicles expected to reach more than 300 million by 2018, driven by the safety regulations, the market for cybersecurity is also expected to increase accordingly in Europe.

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Cybercriminals utilize the vehicle's internal communication bus and take control of additional modules  inside  the vehicle, including safety critical systems such as the ABS and Engine Electronic Control Units (ECUs). An attacker usually takes control of the vehicle by affecting the control of  the steering wheel, accelerating the vehicle, activating the brakes, and turning off the engine, among other ways. The attacker can also re-flash modules, override hardcoded safety measures and install Trojan horses on the devices.

Europe's Cybersecurity of Cars Market- Technological Developments

Intrusion Prevention Systems (IPS) is one of the major advancements for cybersecurity incorporated for OEMs, Tier 1s, and aftermarket telematics providers. As a government tested solution, the IPS protects a vehicle's critical components from being hacked and generates reports and alerts for remote monitoring of the vehicles' cyber health. Malicious attacks are identified by utilizing Deep Packet Inspection (DPI) algorithms, wherein the unique technology scans all traffic in a vehicle's network identifies abnormal transmissions, and enables real-time response to threats.

Europe's Cybersecurity of Cars Market- Drivers

Extensive research in fending off malware
Auto-correction of defunct components of the integrated software in connected cars
Increased funding by the software solution providers towards cybersecurity software
Increased interest from all OEMs and connected car component manufacturers towards the security of cars

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However, the ability to keep up with the evolving scenario and complexity of network access cybersecurity and the increase in wireless traffic leading to the ineffective integration of connected cars devices, pose major constraints to this market but the extensive research and integrated software in the malware detection system are expected to considerably improve the growth of the market. In Europe, the cybersecurity of vehicles among software technology is expected to grow at the highest CAGR of 27.0% during the given forecast period. Among the consumer segments, the aftermarket for cybersecurity systems for vehicles would grow at the highest CAGR of 30.0%.

The report segments Europe's cybersecurity for cars market by technology type (software-based and hardware-based), installation type (OEM's and aftermarket) and geography (the UK, France, Germany, Russia, Italy and rest of Europe).

Some of the key market players are:

Arilou
Cisco
Telenor
Tesla Motors
Verizon

Key Deliverables in the Study

Market analysis for the Europe Cybersecurity of Cars Market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Europe cybersecurity of cars market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

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Release ID: 296538