Automotive Cybersecurity Market Detailed Analysis of Current Industry Figures with Forecasts Growth

The integration of AI is increasing in the automotive industry, and the technology is the major
driving factor behind the development of level 4 and 5 autonomous cars. Because of the
availability of connected services and devices, it has become incredibly easy to collect
vehicular data. The collected data, however, must be stored safely and utilized only for invehicle
systems. Since the data may be vulnerable to cyber-attacks, the adoption of security
and safety solutions in the automotive industry is expected to increase.
The automotive cybersecurity market reached a value of $7,280.2 million by 2030, increasing
from $1,152.7 million in 2019, advancing at an 18.5% CAGR during the forecast period
(2020–2030). In terms of application, the market is divided into telematics, advanced driverassistance
systems (ADAS) and safety system, powertrain, infotainment, and body electronics.
Out of these, the infotainment division dominated the market in 2019, since consumers can
connect their smartphone with the infotainment system for accessing features through their
phones, in-vehicle cybersecurity solutions are needed for safeguarding consumer data.
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In the automotive cybersecurity market, the Asia-Pacific region is expected to progress at the
fastest pace during the forecast period, as the region is home to largest market for
automobiles. Recently, the region has emerged as the hub for the production of automobiles.
In addition to this, the adoption of connected vehicles in the region has increased significantly,
which is resulting in the increasing demand for automotive cybersecurity security and
safety.
In conclusion, the rising penetration of AI, increasing number of cyber threats, and growing
adoption of connected technology are leading to the growth of the market.
Market Segmentation by Application
• Advanced driver-assistance systems (ADAS) & Safety System
• Infotainment
• Body Electronics
• Powertrain
• Telematics
Market Segmentation by Vehicle Type
• Passenger Cars
• Commercial Vehicles
Market Segmentation by Form