Forward-Looking Automotive Cybersecurity Market Intelligence: Investigating Future Trends, Research Strategies, and Competitive Landscape till 2028

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐜𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃𝟐.𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 𝐭𝐨 𝐔𝐒𝐃 𝟔.𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟖, 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟖.𝟓%.

🔥 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=620741

Rising demand for connected vehicles has increased the electronic content per vehicle. This raised a vehicle's vulnerability against a cyber-attack, which has increased the demand for automotive cybersecurity solutions across the globe. Moreover, the advent of software-defined vehicles and rising sales of electric vehicles are also expected to bolster the revenue growth of the automotive cybersecurity market in the coming years globally. The automotive cybersecurity market, however, is expected to witness a significant boost in the coming years owing to the increase in vehicle production in different countries, the launch of UNECE WP.29 regulation as well as various government regulations that have compelled automotive OEMs to install additional safety systems in vehicles for better safety.

The wireless network security segment is estimated to grow at a higher CAGR during the forecast period

During the forecast period, the wireless network security segment is anticipated to be the fastest-growing security type segment of the global automotive cybersecurity market. This segment will likely witness significant growth in the Asia Pacific region, followed by Europe and North America regions. . This is owing to the incorporation of V2X technology in vehicles and the rising demand for connected vehicles. Wireless network security solutions help to protect respective wireless networks from unauthorized access attempts. Wireless network security is typically delivered through wireless devices such as wireless switches and wireless routers that encrypt and secure wireless communications. All these factors above are expected to bolster the revenue growth for wireless network security segment of the automotive cybersecurity market during the forecast period.

ADAS & safety system segment is likely to dominate the automotive cybersecurity market during the forecast period

The ADAS & safety segment is expected to have significant growth opportunities in the automotive cybersecurity market during the forecast period. The demand for ADAS is increasing rapidly, particularly in emerging economies such as India and China, driven by improving road safety standards, supporting legislation, and consumer awareness. Several countries in Europe, North America, and Asia Pacific have introduced regulations that mandate incorporating various types of ADAS in passenger cars and commercial vehicles. For instance, from July 2022, European Commission introduced new "Vehicle General Safety Regulation". It introduced a range of mandatory advanced driver assistant systems to improve road safety and enable fully driverless vehicles in the European Union. Therefore, government mandates and increasing awareness of vehicle safety are expected to fuel the demand for ADAS & safety systems. The need for automotive cybersecurity solutions is also anticipated to grow globally rapidly during the forecast period.

Asia Pacific shows high growth potential for automotive cybersecurity market

Asia Pacific is projected to have largest share in the global automotive cybersecurity market during the forecast period. In Asia Pacific region, countries such as China, Japan, and South Korea are expected to take the lead in autonomous driving technology in the coming years. Leading automotive manufacturers in this region, such as Toyota, Honda, and Hyundai, leverage the advantages of safety systems and have made essential safety features a standard across their models. The anticipated rise in the penetration of autonomous vehicles coupled with increasing adoption of ADAS equipped vehicles would also support the growth of the automotive cybersecurity market in Asia Pacific region. This in turn is expected to create opportunities for stakeholders in the automotive cybersecurity ecosystem. All these aforementioned factors are expected to bolster the revenue growth of the automotive cybersecurity market in Asia Pacific region during the forecast period.

➡️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=620741

𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The study covers the automotive cybersecurity market across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as application, offering, form type, security type, vehicle type, propulsion type, vehicle autonomy, EV application, and region. The study also includes an in-depth competitive analysis of key market players, their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

This research report categorizes Automotive Cybersecurity Market by Application (Telematics, Communication Systems, ADAS & Safety, Infotainment, Body Control & Comfort, and Powertrain Systems), Form Type (In-Vehicle, and External Cloud Services), Security Type (Application Security, Wireless Network Security, and Endpoint Security), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), Offering (Hardware, and Software), Vehicle Autonomy (Non-Autonomous Vehicles, Semi-Autonomous Vehicles, and Autonomous Vehicles), Propulsion Type (ICE vehicles and Electric Vehicles), EV Application (Charging Management, Telematics, Battery Management & Power train Systems, Infotainment, ADAS & Safety, Communication Systems, and Body Control & Comfort), Approach (Intrusion Detection System, and Security Operation Center), and Region (Asia Pacific, Europe, North America and Rest of the World).

This release was published on openPR.