Increase in Disposable Income, Favorable Security Regulations, and Rise in Urbanization to Drive Autonomous Vehicle Security Market over the Forecast Period: Ken Research

Autonomous vehicle is a vehicle that can direct itself exclusive of human conduction. This vehicle has become a concrete reality & may pave the technique for future systems where computers capture the art of driving. It is also known as a robot vehicle, driverless vehicle and self-driving vehicle. These vehicles are susceptible to cyber attacks & the number of vehicle hacking or theft are increasing owing to less awareness concerning the security solutions.

According to study, “Autonomous Vehicle Security Market: Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023” some of the major companies that are currently working in the autonomous vehicle security market are Toyota Motor Corp., Cisco Systems Inc., Siemens AG, Ford Motor Company, Argus Cyber Security, Robert Bosch GmbH, Arilou Cyber Security, Karamba Security, ESCRYPT – Embedded Security, Secunet Security Networks AG.

Based on vehicle type, autonomous vehicle security market is segmented into fully autonomous vehicle and semi autonomous vehicle. Semi autonomous vehicles are light commercial vehicles, passenger vehicle and heavy commercial vehicles. The passenger vehicles are implementing more security solutions because of the increasing autonomous or connected vehicle usage across the regions. The escalating investments in the governments is expected to be emergent connected by providing the mobility solutions in smart cities that are estimated to drive the market over the forecast period. Based on security type, market is segmented into network security, application security, wireless security, cloud security & others. The wireless & cloud security solutions are mainly subjected by the pure play software developed by the manufacturers due to their presented developments in the cloud & connectivity infrastructure. Based on the services platform, market is segmented into integration services providers, consulting services providers, maintenance services providers and others. These platforms offer required service connectivity for the completion of security solutions in the autonomous vehicles. Based on solution type, market is segmented into Unified Thereat Management (UTM), Identity Access Management (IAM), risk & vulnerability management, Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS), distributed denial of service (DDoS) mitigation, data loss prevention (DLP), anti-malware, and others.

The autonomous vehicle security market is primarily driven by growing software demand driven by the consumer experience. Some of the other driving aspects include increase in disposable income, favorable security regulations, rising urbanization and increase in adoption of connected vehicles. Apart from the advantages, the major hinder associated to market is the higher installation cost, followed by potential failure of technology solutions. In addition, the key opportunity includes rising developments in the innovative security solutions.

Recently, U.K. government has come up with a new cyber security standard for emergent self-driving car technology to prevent vehicle hacking. Additionally, car industry privileged offer a new guidance on data theft & hacking.

Autonomous & connected vehicles are susceptible to cyber attacks and the number of vehicle hacking or theft are increasing caused by less awareness about the security solutions. The governments in the residential markets have developed vehicle security regulations to conquer the cyber threats, and therefore, it has become consent for the vendors to develop in-vehicle, network and cloud based security systems. The autonomous vehicles security market is witnessing a high growth, globally, owing to the rising demand for connected & autonomous vehicles in the commercial or passenger segments. In addition, the fully autonomous vehicles are also probable to become key consumer of vehicle security solutions on account of increase in developments for this segment.

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Autonomous Vehicle Security Market

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