Automotive Cybersecurity Market Size 2022-2023, Trends, Future Demand, Industry Outlook and Revenue Forecast by 2028

IMARC Group has recently released a new research study titled "Automotive Cybersecurity Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Year considered to estimate the market size:

• Base year of the analysis: 2022
• Historical period: 2017-2022
• Forecast period: 2023-2028

The global automotive cybersecurity market size reached US$ 2.61 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.11 Billion by 2028, exhibiting a growth rate (CAGR) of 20.25% during 2023-2028. Automotive cybersecurity is the protection of vehicles and their electronic systems from cyber threats. The potential for cyberattacks has grown significantly with the increasing use of electronic systems in modern cars, such as infotainment, navigation, and driver assistance systems. Automotive cybersecurity aims to prevent unauthorized access, manipulation, and theft of data, as well as ensure the safety and security of passengers and the vehicle itself. This involves implementing various security measures, including encryption, firewalls, intrusion detection systems, and secure communication protocols.

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Automotive Cybersecurity Market Trends and Growth Drivers: 

The increasing number of connected vehicles represents a significant factor driving the market growth across the globe. In line with this, the rising number of cyber threats, and the increasing demand for advanced security solutions are contributing to the growth of the market. In addition to this, the risk of cyberattacks has become a significant concern for automakers as well as consumers with the proliferation of electronic systems and the internet of things (IoT) in cars, which, in turn, is driving the market growth. Other factors, such as stringent governmental regulations and industry standards regarding vehicle and passenger safety, along with the increasing popularity of autonomous vehicles, are creating a positive outlook for the market.

Automotive Cybersecurity Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the automotive cybersecurity market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Aptiv PLC
• Capgemini SE
• Continental AG
• DENSO Corporation
• GuardKnox
• HARMAN International (Samsung Electronics Co. Ltd.)
• Karamba Security Ltd.
• NXP Semiconductors N.V.
• Upstream Security Ltd.
• Vector Informatik GmbH

Explore Full Report Description At: https://www.imarcgroup.com/automotive-cybersecurity-market

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Security Type:

• Application Security
• Wireless Network Security
• Endpoint Security

Breakup by Form:

• In-Vehicle
• External Cloud Services

Breakup by Vehicle Type:

• Passenger Car
• Commercial Vehicle
• Electric Vehicle

Breakup by  Application:

• ADAS and Safety
• Body Control and Comfort
• Infotainment
• Telematics
• Powertrain Systems
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=7049&flag=C

The project report on automotive cybersecurity covers the following aspects:

• Market Snapshot (Market Performance, Segments, Regional Insights, Covid-19 Impact, and outlook)
• Manufacturing Process:
• Project Details, Requirements, and Costs Involved
• Project Economics
• Regulatory Procedures and Approval
• Key Success and Risk Factors

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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