Artificial Intelligence
The automotive cybersecurity market was valued at $2.76 billion in 2022, and it is expected to grow at a CAGR of 22.97% and reach $17.73 billion by 2031
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New York, Feb. 02, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automotive Cybersecurity Market – A Global and Regional Analysis: Focus on Product, Application, and Country Analysis – Analysis and Forecast, 2022-2031” – https://www.reportlinker.com/p06415563/?utm_source=GNW
Market Lifecycle Stage
The automotive cybersecurity market is still in a nascent phase.Latest advancements in connected and autonomous vehicles and the growing number of electronic control units (ECUs) in electric vehicles are majorly responsible for the rapid growth of this market.
Automotive cybersecurity solution providers are increasingly partnering with other key stakeholders in the automotive cybersecurity ecosystem to expand their global footprint.Moreover, the rising number of cyber-attacks is increasingly impacting automotive original equipment manufacturers (OEMs), resulting in significant financial losses.
Leading automotive OEMs have also been working on automotive cybersecurity solutions in-house to provide an extra or added layer of vehicle security for their offerings. With increased adoption of connected vehicles being anticipated during the forecast period, the competition among established and emerging companies in the automotive cybersecurity solutions market is likely to continue growing to maintain leading market positions in the automotive cybersecurity industry.
Impact
The automotive cybersecurity market is driven by several factors, such as the rising number of ECUs in electric vehicles for enhanced performance and increased sophistication, the increasing number of cyber-attacks in the automotive industry, and the growing adoption of connected and autonomous vehicles.
Automotive cybersecurity solution providers are partnering with other key stakeholders and investing significantly toward the development of advanced automotive cybersecurity solutions to mitigate the growing number of cyber-attack vectors. With growing concerns regarding vehicle security amongst automotive OEMs, the automotive cybersecurity market is expected to grow significantly during the forecast years.
Market Segmentation
Segmentation 1: by Application
• Communication
• Advanced Driver Assistance System (ADAS) and Safety System
• On-Board Diagnostic (OBD)
• Infotainment
• Telematics
• EV Charging Station
• Others
Based on application, the ADAS and safety system segment dominated the global automotive cybersecurity market in 2021. This was due to the growing penetration of ADAS in mid and high-end vehicles and the high importance of ADAS and safety systems in partially and fully autonomous/driverless vehicles.
Segmentation 2: by Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
Based on vehicle type, the passenger vehicle segment accounted for a majority stake in the automotive cybersecurity market in 2021, owing to the rapid adoption of cybersecurity solutions in passenger cars for vehicle security.
Segmentation 3: by Level of Autonomy
• Level 1
• Level 2
• Level 3
• Level 4
• Level 5
Based on the level of autonomy, the Level 2 segment dominated the automotive cybersecurity market in 2021, owing to the growing number of vehicles with Level 2 autonomy that use automotive cybersecurity solutions.
Segmentation 4: by Security Type
• Network Security
• Software Security
• Cloud Security
• Hardware Security
Based on security type, the software security segment dominated the global automotive cybersecurity market in 2021. This was due to the increasing focus of automotive OEMs on software-defined vehicle approaches and growing attack vectors against software solutions used in vehicles.
Segmentation 5: by Form
• In-Vehicle
• External Cloud Services
The in-vehicle automotive cybersecurity solution segment dominated the automotive cybersecurity market in 2021 and is expected to continue doing so in the coming years during the forecast period.
Segmentation 6: by Region
• North America
• Europe
• U.K.
• China
• Asia-Pacific and Japan
• Rest-of-the-World
Europe held the largest market share in the automotive cybersecurity market in 2021.The region is one of the largest markets for connected and autonomous vehicles and is home to some of the major players operating in the automotive cybersecurity market.
Moreover, the adoption of automotive cybersecurity regulations, primarily by the European Union (EU) member nations, is further expected to boost the growth of the market in the region. These regulations are aimed at paving the way for connected and autonomous vehicles (CAVs) and dealing with the cybersecurity threats associated with connected vehicles.
Recent Developments in the Automotive Cybersecurity Market
• In October 2022, Denso Corporation, in collaboration with NTT Communications Corporation, announced the development of the vehicle security operation center (VSOC) in response to the increasing cyber threats against vehicles.
• In September 2022, Argus Cyber Security Ltd. and Elektrobit launched EB zoneo SwithCore Shield pre-integrated solution embedded with intrusion detection and prevention system (IDPS) functionality with advanced network management systems for the next generation of vehicles.
• In March 2020, ESCRYPT GmbH collaborated with the security division of NTT Ltd. to provide joint solutions, enabling the cyber resilience of vehicle fleets.
• In March 2020, Argus Cyber Security Ltd. worked in collaboration with NXP Semiconductors to launch an integrated solution, enabling vehicles to protect Ethernet network communications. The solution uses Argus’s Ethernet intrusion detection system (IDS) and NXP’s S32G processor, which protects ADAS and modern service-oriented gateways, along with other mobility innovations.
• In February 2020, Karamba Security launched its product XGuard 2.0, which is an embedded self-protection solution for automotive ECUs to protect the PikeOS hypervisor.
• In January 2018, HARMAN launched new detection capabilities for the HARMAN SHIELD solution for protecting semi-autonomous and autonomous vehicles from cyberattacks aimed at vehicle sensors.
Demand – Drivers and Limitations
Following are the demand drivers for the automotive cybersecurity market:
• Increase in Use of Electronics Per Vehicle and Growing Number of Connected Vehicles
• Rising Cyber Threats owing to Increase in Data and Connectivity of the Vehicles
• Rising Sales of Electric Vehicles
Following are the challenges for the automotive cybersecurity market:
• Growing Complexity and Increase in Number of Electronics in Vehicles
• Financial Impacts due to Vulnerability and Growing Motivation of Cyberhackers
• Highly Complex Ecosystem with the Presence of Multiple Stakeholders
How can this report add value to an organization?
Product/Innovation Strategy: Globally, the leading and emerging automotive cybersecurity solution providers are continuously working to make their vehicles more secure than ever.The threat of unauthorized access and vehicle data theft are among some of the most talked about concerns in the automotive cybersecurity industry.
The players operating in the automotive cybersecurity market have been working on the development of advanced vehicle cybersecurity solutions using artificial intelligence (AI), machine learning (ML), blockchain, and hardware authentication technologies and techniques. These innovative automotive vehicle cybersecurity solutions are expected to mitigate the growing number of cyber-attacks on vehicles.
Growth/Marketing Strategy: The automotive cybersecurity market has been growing at a rapid pace.The market offers enormous opportunities for existing and emerging market players.
Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product launches, partnerships, and collaborations.
Competitive Strategy: The key players in the automotive cybersecurity market analyzed and profiled in the study include automotive cybersecurity solution providers that develop, maintain, and market automotive cybersecurity solutions.Moreover, a detailed competitive benchmarking of the players operating in the automotive cybersecurity market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape.
Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
The public companies operating in the global automotive cybersecurity market accounted for around 60% of the market share in 2021, while the private companies operating in the market captured around 40% of the market share.
Key Companies Profiled
Private Companies
• Argus Cyber Security Ltd.
• ESCRYPT GmbH
• Karamba Security
• ARILOU Automotive Cybersecurity
• Vector Informatik GmbH
• Mocana Corporation
• Green Hills Software
• Irdeto
Public Companies
• Lear Corporation
• DENSO Corporation
• HARMAN International
• Broadcom Inc.
• Garrett Motion Inc.
• Aptiv PLC
• NXP Semiconductors
• Synopsys, Inc.
Start-Ups Operating in the Automotive Cybersecurity Market Ecosystem
• Upstream Security Ltd.
• Guardknox Cyber-Technologies Ltd.
• C2A-SEC LTD
• SafeRide Technologies Ltd.
• VicOne Inc.
Countries Covered
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• Rest-of-Europe
• U.K.
• China
• Asia-Pacific and Japan
• Japan
• South Korea
• India
• Rest-of-Asia-Pacific and Japan
• Rest-of-the-World
Read the full report: https://www.reportlinker.com/p06415563/?utm_source=GNW
About Reportlinker
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Artificial Intelligence
Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”
RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.
Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).
The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.
The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.
To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.
SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.
The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.
Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.
The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.
The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:
“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”
He added:
“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.”
The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.
[email protected]
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Artificial Intelligence
Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification
XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.
GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions.
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
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Artificial Intelligence
SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition
SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.
SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected]
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