Press release
Global Automotive Cyber Security Market Market to Garner $4.5 billion by 2028 at 16.40% CAGR: Markets N Research
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ @ https://marketsnresearch.com/sample/1569
Rising cyber threats in the automotive and transportation sectors will increase demand. The growth and expansion of the automotive cyber security market would be further aided by expanding intercity transportation and logistics services. Additionally, the sector will have more prospects as demand for commercial and passenger automobiles with modern technologies increases and personal income rises. The rise has influenced the adoption of cyber security in the automobile industry in government standards and regulations for connected vehicles.
The service category in the automotive cyber security market is expected to be the fastest-growing segment during the forecast period
The service segment is projected to grow the fastest during the forecast period. As endpoint applications like radio, mobile, and smart antennae are used more frequently in automobiles, there is a rising demand for in-vehicle services. The market segment that is increasing at the fastest rate is external cloud services, thanks to improvements in cloud infrastructure and framework. Because autonomous vehicles generate a lot of data, cloud services offer a very dependable technology. Additionally, cloud technology will promote faster information sharing as more vehicles and devices become cloud-connected.
Passenger cars category of the automotive cyber security market to record the highest CAGR from 2022 to 2028
Passenger cars are expected to account for the highest CAGR of the automotive cyber security market from 2022 to 2028 due to the rising sales of mid-luxury and luxury automobiles and the need for connected vehicle services. Compared to LCVs and HCVs, passenger cars' electrical/electronic (E/E) architecture is more intricate and crucial. Compared to the other two types of cars, passenger vehicles have many ECUs and are more vulnerable to cyberattacks. Due to increased worries about traffic, safety, and pollution levels, V2X technologies are being adopted more frequently, which is the main reason for boosting the passenger cars market.
๐๐๐๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://marketsnresearch.com/report/1569/global-automotive-cyber-security-market
The Asia Pacific is anticipated to grow at a significant rate in automotive cyber security market share from 2022 to 2028
The Asia Pacific is the fastest-growing region in the automotive cybersecurity market. The main drivers of the automotive cybersecurity market in the Asia Pacific include rising sales of mid-sized and luxury automobiles and rising consumer awareness of active and passive safety features. The high volume of passenger vehicle production, along with the growing adoption of connected vehicles and other cutting-edge technology, is a major factor boosting market growth in this area. For the automotive sector, manufacturing hubs include China and India. The Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that China and India together produce 30 million cars annually. The demand for automotive electronics is anticipated to rise as vehicle production rises. This is thus anticipated to fuel the market's expansion in the area.
Key Market Players
Key players in the automotive cyber security market include Continental (Argus Cyber Security), Guardknox Cyber Technologies Ltd., Vector Informatik GmbH, Karamba Security, Synopsys, Upstream Security, Sectigo Limited, ESCRYPT, RunSafe Security, Inc., Trend Micro, Harman InternationalX Trillium Secure Inc., STMicroelectronics, Infineon Technologies AG, NXP Semiconductors, Bosch Mobility Solutions, Microchip Technology, Aptiv and Irdeto.
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