Automotive Cybersecurity Market Size To Hit US$ 8.11 Billion By 2028 | CAGR 20.25%
IMARC Group has recently released a new research study titled "Automotive Cybersecurity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
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| Automotive Cybersecurity Market Outlook |
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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What are the driving factors of the automotive cybersecurity market?
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.
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
Competitive Landscape with Key Player:
- 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
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