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How has the automotive cybersecurity market grown over the years?

In the past few years, the automotive cybersecurity market has experienced significant expansion. The market is predicted to increase from $2.77 billion in 2024 to $3.26 billion in 2025, with a compound annual growth rate (CAGR) of 17.9%. The exceptional growth in the previous period is due to factors such as the enhanced adoption of connected and autonomous vehicles, strict governmental regulations and industry standards, a surge in demand for advanced driver assistance systems (ADAS), an increase in demand for luxury vehicles, and a rise in the number of cyber threats aimed at automotive systems.

What Is the forecasted market size and growth rate for the automotive cybersecurity market?

The market size for automotive cybersecurity is projected to witness significant growth in the coming years, hitting $6.81 billion by 2029 with a CAGR of 20.2%. The rise during the forecasted period is linked to various factors such as the increased acceptance of electric vehicles, the use of 5G technology in connected vehicles, larger attack surface due to technological advancements, growing dependence on OTA updates, and the proliferation of the automotive industry in emerging markets, and an increase in awareness and investment in proactive cybersecurity. The forecast period is also likely to see some key trends like the creating of integrated cybersecurity solutions, focus on secure V2X communication, blockchain tech application for safe data transfer, partnerships between automakers and cybersecurity companies for threat intelligence, and the use of behavior-based anomaly detection for real-time threat detection.

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What are the major factors driving growth in the automotive cybersecurity market?

The surge in the quantity of connected cars is noticeably influencing the expansion of the automotive cybersecurity market. A connected car denotes a vehicle that has the ability to connect to the internet using an integrated connectivity feature. Cybersecurity functions in these cars involve advanced threat intelligence, effective in averting typical security issues. For example, as per the UK Government’s data from August 2022, around 40% of new cars in the UK are projected to have autonomous driving features by the year 2035, mimicking the patterns observed in global markets.

What key areas define the segmentation of the global automotive cybersecurity Market?

The automotive cybersecurity market covered in this report is segmented – _x000D_

_x000D_

1) By Security Type: Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security_x000D_

2) By Form: In-Vehicle, External Cloud Service_x000D_

3) By Vehicle: Passenger Car, Commercial Vehicle_x000D_

4) By Application: Telematics System, Body Control And Comfort System, Infotainment System, Powertrain System, Other Applications_x000D_

_x000D_

Subsegments:_x000D_

1) By Network Security: Intrusion Detection Systems (IDS), Firewalls, Secure Network Protocols_x000D_

2) By Application Security: Secure Coding Practices, Application Vulnerability Testing, Software Updates And Patching_x000D_

3) By Endpoint Security: Anti-Malware Solutions, Endpoint Detection And Response (EDR), Device Authentication_x000D_

4) By Wireless Security: Secure Communication Protocols, Encryption Solutions, Wireless Intrusion Prevention Systems (WIPS)_x000D_

5) By Cloud Security: Data Encryption And Protection, Identity And Access Management (IAM), Cloud Security Posture Management (CSPM)

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What are the top market players propelling the growth of the automotive cybersecurity industry?

Major companies operating in the automotive cybersecurity market include Aptiv PLC, Argus Cyber Security, Arilou Technologies, Continental AG, ESCRYPT GmbH, GuardKnox Cyber Technologies Ltd., Harman International Industries Inc., Trillium Secure Inc., SafeRide Technologies Ltd., Lear Corporation, Karamba Security, Intel Corporation, Infineon Technologies AG, Cisco Systems Inc., Delphi Technologies PLC, Vector Informatik GmbH, Symantec Corporation, Regulus Cyber, C2A Security Ltd., XShield Ltd., Apriori Technologies Inc., AutoCrypt Co Ltd., Idaptive Automotive Cybersecurity, GuardSquare NV, Altimetrik Corp., Identiq Automotive Ltd., Guardtime AS, ForgeRock Automotive, AutomotiveCyber GmbH, Thales Group, NXP Semiconductors NV, Green Hills Software

What are the key trends shaping the future of the automotive cybersecurity market?

Trends indicating an increase in technological innovations are observed in the automotive cybersecurity market. Major players in this sector are greatly invested in technological advancements to maintain their market standing. For example, SGS Société Générale de Surveillance SA, a testing, inspection, and certification firm from Switzerland, introduced a cybersecurity audit in June 2024. This audit is aimed at reinforcing cybersecurity within the automotive supply chain. As vehicular systems continue to become more digitized, there is a crucial need for improved cybersecurity to uphold product quality and earn customer trust. The UN Regulation No. 155 (UN R-155) enforces that vehicle manufacturers tackle supplier-related risks via their Vehicle Cybersecurity Management System (V-CSMS) to protect vehicles and their components. Carrying out V-CSMS audits of suppliers allows manufacturers to manage these interdependencies more effectively.

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What regions are dominating the automotive cybersecurity market growth?

North America was the largest region in the automotive cybersecurity market in 2024. The regions covered in the automotive cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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