With nearly 112 million vehicles now connected around the world, the global market for automotive cybersecurity is expected to grow exponentially – to $759 million in 2023, according to a new report, ‘Automotive Cybersecurity and Connected Car’, from IHS Automotive, part of business information provider IHS Markit. Connected cars are defined as those that have a connection to the internet, through telematics, an on-board modem or a paired device in the vehicle, such as a mobile phone or other device.
Fuel efficiency, weight reduction, advanced safety technologies, human machine interface (HMI), lighting and consumer comfort features will drive US$350 billion in incremental automotive supplier business opportunities, by 2021 — but not without initial challenges. The findings are based on recent research included in SupplierInsight and Component Forecast Analytics, a new platform from IHS Automotive, part of business information provider IHS Markit.
Analysts at IHS Automotive light-vehicle predicting modest growth in the Iranian light vehicle market after the UN lifts sanctions against the country. This suggestion contradicts some suggestions from the Iranian automotive and tyre industries that the country could be on the brink of a production boom. According to HIS, despite the signing of nuclear deal between […]