According to Markntel Advisors Report, Automotive Cybersecurity Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Automotive cybersecurity refers to a set of solutions that provides security from malicious attacks to vehicle owners on their vehicle’s communication systems, automotive electronic systems, software, etc. Unauthorized access to the software may result in a lack of sensitive information, which might cause financial damage to the owners, and may also result in threatened vehicle safety.
Global Automotive Cybersecurity Market Research Report & Summary:
The Global Automotive Cybersecurity Market size was valued at USD 3.4 billion in 2023 and is projected to reach USD 12.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 19.5% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
· Historical Years: 2020-2023
· Base Years: 2024
· Forecast Years: 2025-2030
Who are the Key Players Operating in the Automotive Cybersecurity Market?
The top companies of the Automotive Cybersecurity Market ruling the industry are:
Infineon Technologies AG, Continental AG (Argus Cyber Security), Robert Bosch GmbH (ESCRYPT GmbH), Garrett Motion Inc., Intel Corporation,, Aptiv Plc., C2A Security, Harman International, Industries, Inc., Denso Corporation, Honeywell International Inc., SBD Automotive, NNG Software Developing and Commercial Llc., Karamba Security, Vector Informatik GmbH, and others
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What is Included in Automotive Cybersecurity Market Segmentation?
The Automotive Cybersecurity Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Offering
-Hardware - Market Size & Forecast 2019-2030F, USD Million
-Software - Market Size & Forecast 2019-2030F, USD Million
-By Vehicle Type
-Passenger Vehicles - Market Size & Forecast 2019-2030F, USD Million
-Light Commercial Vehicle (LCV) - Market Size & Forecast 2019-2030F, USD Million
-Medium & Heavy Commercial Vehicles (MHCV) - Market Size & Forecast 2019-2030F, USD Million
-By Propulsion
-ICE Vehicles - Market Size & Forecast 2019-2030F, USD Million
-Electric Vehicles - Market Size & Forecast 2019-2030F, USD Million
-By Vehicle Autonomy
-Non-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million
-Semi-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million
-Autonomous (Driverless) Vehicles - Market Size & Forecast 2019-2030F, USD Million
-By Deployment Type
-Embedded - Market Size & Forecast 2019-2030F, USD Million
-Integrated (Cloud-based) - Market Size & Forecast 2019-2030F, USD Million
-By Application
-Body Control & Comfort - Market Size & Forecast 2019-2030F, USD Million
-ADAS & Safety Systems - Market Size & Forecast 2019-2030F, USD Million
-Telematics System - Market Size & Forecast 2019-2030F, USD Million
-Infotainment System - Market Size & Forecast 2019-2030F, USD Million
-Powertrain System - Market Size & Forecast 2019-2030F, USD Million
-Other (On-board Diagnostics, Operational Data, etc.) - Market Size & Forecast 2019-2030F, USD Million
-By Security
-Application Security - Market Size & Forecast 2019-2030F, USD Million
-Wireless Network Security - Market Size & Forecast 2019-2030F, USD Million
-Endpoint Security - Market Size & Forecast 2019-2030F, USD Million
-Others (Network Security, Cloud Security, etc.) - Market Size & Forecast 2019-2030F, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Automotive Cybersecurity Market Analysis Report – https://www.marknteladvisors.com/research-library/automotive-cybersecurity-market.html
Global Automotive Cybersecurity Market Driver:
Ride-sharing Companies Expanding Worldwide – With the increasing populace, which is becoming more urbanized, the workforce is also growing. Hence, in the past few years, the usage of ride-sharing has been amplified. Therefore, ride-sharing companies have been receiving government support in various countries, to fulfill the growing demand for their services worldwide.
The ride-sharing service not only brings ease to consumers but also helps in reducing traffic on roads. Services like these have resulted in high demand, justified by the high level of comfort they offer to consumers. These services are further enabled to deliver greater consumer comfort, along with traffic reduction. Furthermore, these services are designed to mine sensitive user information, such as personal details & travel routes, so cybersecurity is of utmost importance. Hence, ride-sharing services have been contributing to driving the Automotive Cybersecurity Market. Further, ride-sharing companies are also coming up with advanced technology and solutions to enhance their consumer experience and gain market leadership in the forecast years.
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