Global Automotive Cyber Security Market

Automotive Cyber Security Market Size, Share, Growth Analysis, By Security Type(Endpoint, Application), By Vehicle Type(Passenger Car, Commercial Vehicle) - Industry Forecast 2024-2031

Report ID: SQMIG45K2099 | Region: Global | Published Date: February, 2024
Pages: 197 | Tables: 63 | Figures: 77

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FAQs

Automotive Cyber Security Market size was valued at USD 2.4 billion in 2021 and is poised to grow from USD 2.91 billion in 2022 to USD 11.17 billion by 2030, at a CAGR of 21.2% during the forecast period (2023-2030).

Manufacturing close to the customer in order to cut operational costs is one of the main business tactics used by manufacturers in the cyber security market to benefit customers and build the automotive cyber security market sector. Some of the biggest advantages brought about by the development in cyber security systems in recent years have gone to the automotive industry. 'Harman International Industries, Inc. (United States)', 'Continental AG (Germany)', 'Aptiv PLC (Ireland)', 'Argus Cyber Security Ltd. (Israel)', 'GuardKnox Cyber Technologies Ltd. (Israel)', 'Karamba Security (Israel)', 'Arilou Technologies Ltd. (Israel)', 'Upstream Security Ltd. (Israel)', 'Symantec Corporation (United States)', 'Intel Corporation (United States)', 'BlackBerry Limited (Canada)', 'Cisco Systems, Inc. (United States)', 'NXP Semiconductors N.V. (Netherlands)', 'Escrypt GmbH (Germany)', 'Trillium Secure, Inc. (United States)', 'Fortinet, Inc. (United States)', 'Trend Micro Incorporated (Japan)', 'Saferide Technologies Ltd. (Israel)', 'Vector Informatik GmbH (Germany)', 'C2A Security Ltd. (Israel)', 'Lear Corporation (United States)', 'Bosch Limited (Germany)'

The government created new rules and put them into effect as a direct response to these cyberthreats. As an illustration, the Department for Digital, Culture, Media and Sport (DCMS) in the United Kingdom released an annual report titled the "cybersecurity breaches survey" that contains verified data on the most common data breaches. The European Confederation of Directors Associations and the Internet Security Alliance (ISA) have worked together to create a handbook on cyber-risk management for European company boards of directors.

Cybersecurity solutions are evolving to incorporate advanced technologies like machine learning, artificial intelligence (AI), and behavioural analytics for effective threat detection and prevention. These technologies enable the identification of anomalous behaviour and patterns, allowing proactive measures to mitigate potential cyber threats.

The majority of the market share for automotive cyber security comes from the Asia-Pacific region. Due to an upsurge in cyberattacks against the country, China has improved its defenses. The country stands a good probability of acting as a crucial hub for cyberattacks in other areas. A Chinese cyberspying group has been blamed for attacks on Microsoft's mail server software. Due to China's massive monitoring infrastructure, which is made possible by insufficient or even nonexistent encryption, a lot of data in China has been left open to manipulation and espionage.

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