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Automotive Cyber Security Market Predicted to grow at a CAGR of 25.8% from 2023 to 2033

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Automotive Cyber Security Market

Automotive Cyber Security Market

In 2022, the market for automotive cyber security was estimated to be worth US$ 2,143.1 million; by the end of 2033, it is anticipated to be worth US$ 26,492.6 million. From 2023 to 2033, the market for automotive cyber security is anticipated to develop at a CAGR of 25.8%, valued at US$ 2,661.7 Mn in 2023.

Systems for securing communications between cars, linked devices, and the cloud are also protected by automotive cyber security. As a result, it guarantees total automotive data security and deters unauthorised access to the car.

The automotive cyber security market refers to the technologies, solutions, and services designed to protect connected vehicles and their components from cyber threats and attacks. With the increasing connectivity of modern vehicles and the growing adoption of autonomous driving technologies, the automotive industry is facing new cyber security challenges that require innovative solutions to ensure the safety and security of drivers, passengers, and data.

The automotive cyber security market is driven by the increasing adoption of connected cars, the rising number of cyber attacks on vehicles, and the growing regulatory requirements for automotive cyber security. The market includes a range of solutions, including in-vehicle security solutions, network security solutions, cloud-based security solutions, and security consulting and professional services.

The automotive cyber security market is expected to continue growing in the coming years, driven by the increasing adoption of connected and autonomous vehicles and the growing awareness of the importance of cyber security in the automotive industry. The market is also being driven by the increasing regulatory requirements for automotive cyber security, which are being implemented to ensure the safety and security of drivers, passengers, and data.

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Competitive Landscape

Major automotive cyber security companies are collaborating to accelerate the technological advancements in the development and adoption of the automotive cyber security systems, the demand for cyber security solutions cam differ for countries and industries.

  • In July 2021, ETAS Korea collaborated with Suresoft Tech Co., Ltd. (South Korea) to offer solutions related to cybersecurity testing of in-vehicle systems to automotive manufacturers and suppliers.
  • In July 2021, NXP Semiconductors collaborated with Moter Technologies, Inc. (US) to combine their new S32G2 high-performance automobiles chipsets with MOTER’s insurance machine learning expertise and software.

Key Players:

  • Continental AG
  • Guardknox Cyber Technologies Ltd.
  • Vector Informatik GmbH
  • Karamba Security
  • Synopsys
  • Upstream Security
  • Sectigo Limited
  • ESCRYPT
  • RunSafe Security, Inc.

Key Segments of Automotive Cyber Security Market Industry Research

Component:

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  • Hardware
    • Hardware Security Modules (HSMs)
    • Secure Vehicle Network Gateways
    • Trusted Platform Modules (TPM)
    • Others
  • Software
    • Embedded Firewalls
    • Encryption & Cryptography
    • Biometrics & Authentication
    • Others
  • Services
    • Professional Services
      • Security Consulting & Risk Assessment
      • Integration & Deployment
      • Support & Maintenance
    • Managed Security Services

Application:

  • Telematics
  • Infotainment Systems
  • Powertrain Systems
  • ADAS & Safety Systems
  • Body Control Systems
  • Others

Vehicle:

  • Fuel-based Vehicles
    • Passenger Cars
    • Commercial Vehicles
  • Electric Vehicles
    • Passenger Cars
    • Commercial Vehicles

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

About the Electronics, Semiconductors, and ICT Division at Persistence Market Research

Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

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Website – https://www.persistencemarketresearch.com

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