Automotive Cyber Security Market Opportunities, Survey, Growth Analysis And Industry Outlook By 2030

Automotive Cyber Security Market size was valued at USD 3,090.6 million in 2022 and is estimated to expand at a CAGR of 20.93% from 2023 to 2030.

With the growth in the number of vehicles daily and rapid expansion in the technology involved in the same, it has become very important to develop a good cybersecurity system. If attention is not paid to the same, one can hack into the system and can give birth to many fraudulent activities. An automotive cybersecurity system thus is an efficient and effective solution to deal with cyber threats by detecting the risk, rectifying it, and protecting the computer's security system from any future threats.

Driver preferences and desires are changing quickly. Vehicles and the industry as a whole are changing to satisfy consumer aspirations for individualised experiences. More personalisation and connectivity lead to more software, which increases risk. Similar to how smartphones and smart appliances operate, connected cars can share internet and wireless network access with other cars and external devices. They are capable of transmitting and receiving data. More functions and capabilities are already being provided by new software to satisfy the demands and expectations of drivers. In such cases, automotive cybersecurity is essential and ought to be considered during the design phase.

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Due to the growing need for connected and semi-autonomous vehicles, the global automotive cybersecurity market is increasing. Vehicle E/E architecture and software coding complexity increased, increasing their susceptibility to cyber-attacks. In order to shield cars from such assaults, the market for automotive cyber security solutions has been expanding significantly. With mid-range and luxury vehicles, connectivity and safety are gradually taking centre stage. The demand for automotive cyber security solutions has expanded globally as a result of government initiatives to develop an intelligent transportation system.

The Body Control & Comfort System, Communication System, Adas & Safety System, Telematics System, Infotainment System, and Powertrain System segments make up the global Automotive Cyber Security market. According to Form, the external cloud services and in-vehicle segments make up the global market for automotive cybersecurity. The Commercial Vehicle and Passenger Car segments make up the worldwide Automotive Cyber Security market.

Global Automotive Cyber Security Market: Segmentations

Global Automotive Cyber Security Market: Major Players
NXP
Denso Corporation
Vector Informatik GmbH
Aptiv
Honeywell International Inc.
Saferide Technologies Ltd
Trillium Secure Inc.
Robert Bosch GmbH
Escrypt GmbH
Continental AG
Symantec Corporation
Harman International
Guardknox Cyber Technologies Ltd.
Karamba Security

Global Automotive Cyber Security Market: By Types
Endpoint Security
Application Security
Wireless Network Security

Global Automotive Cyber Security Market: By Applications
Telematics System
Infotainment System
Powertrain System
Body Control & Comfort System
Communication System
ADAS & Safety System

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Global Automotive Cyber Security Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Cyber Security market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

The primary factor driving the rise in demand for an effective and efficient security system is the expanding usage of cutting-edge technology in the automotive industry. Increasing cyberthreats in the automotive and transportation sectors will drive demand even higher. The growth and expansion of the automotive cyber security market would be further aided by expanding intercity transportation and logistics services. Also, the sector will have more prospects as demand for commercial and passenger automobiles with modern technologies increases and personal income rises.

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