Press Release

Automotive Cyber Security Market worth 16.6% CAGR by 2027

June, 2021

" COVID-19 Impact on Automotive Cyber Security Market, size, share, growth, industry analysis, and forecast 2021-2027 "

Automotive Cyber Security is a technology that avoids or protects vehicle systems that are vulnerable to any cyber-attack. As more and more vehicles are interconnected to the internet, the automotive industry operates closely with internet service providers, software companies, and other related players to offer better cybersecurity systems to end-users.

The widespread automobile industry and expansion of level 4 & 5 autonomous cars is majorly stimulated by the integration of artificial intelligence (AI). The gathering of vehicular data has become easy, owing to the availability of connected devices and services. However, the gathered information must be stored safely and utilizes only for in-vehicle systems. Therefore, the rising integration of artificial intelligence in autonomous cars by automakers is projected to increase the security and safety solutions penetration in new vehicles. Strict safety regulations and the rising end-user preference for safety features are also anticipated to fuel the growth of the automotive cybersecurity market.

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Furthermore, a surge in demand for commercial and passenger vehicles integrated with advanced technology, increasing collaboration among the automotive and ICT industry, and the increase in personal income of the people will generate lucrative opportunities for the automotive cybersecurity market growth.

The Automotive Cyber Security Market research report titled “Automotive Cyber Security Market based on Vehicle Type, Application, Service and Geography – Global Forecast to 2027.

Few notable market players include Honeywell International Inc., Guardknox Cyber-Technologies Ltd., Harman International Industries Inc., NXP Semiconductors N.V., and Arxan Technologies Inc.

North America is currently in the lead of demand for automotive cybersecurity due to the emergence of the connected vehicle ecosystem is because of the collaboration of the ICT and automotive industry in North America. Surging vehicle production, growing vehicle safety norms, and increasing sales of luxury and premium vehicles are few factors attributing to the region's market growth.

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The report consists of 94 Tables and 64 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.

Automotive Cyber Security Market by Vehicle Type

  • Passenger Car
  • Commercial Vehicle
  • Electrical Vehicle

Automotive Cyber Security Market based on Application

  • ADAS & Safety System
  • Infotainment
  • Body Electronics
  • Powertrain
  • Telematics

Automotive Cyber Security Market based on Service

  • In-vehicle Services
  • External Cloud Services

Automotive Cyber Security Market based on Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Mr. Karthick Subramani

Infoholic Research LLP

Marketing & Communication