Market Snapshot.
The automotive cybersecurity market is estimated to reach USD 12,026 million by 2033 from a market value of USD 2,589 million in 2023, growing at a CAGR of 16.6% during the forecast period 2023-2033.
Market Overview
Automotive cybersecurity is an emerging advanced technology in the automotive industry based on the integration of IoT for automotive security. Automotive cybersecurity solutions are being developed along with various security systems to protect vehicles from multiple threats. It provides software, network monitoring and navigation systems that help deal with possible risks and protect the vehicle. It also provides safety diagnostics and offers protection for infotainment systems.
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Automotive Cyber Security Market Segmentation
The automotive cybersecurity market is segmented by vehicle type (passenger cars, commercial vehicles, and electric vehicles), application (ADAS/safety systems, infotainment, body electronics, powertrain, and telematics), service (onboard services and external cloud services), and region. Segmentation. These segments are further subdivided based on various factors and include some additional information about the market, such as the compound annual growth rate of each segment and sub-segment, market value and volume during the assessment period.
Automotive Cyber Security Market Overview by Region
The automotive cybersecurity market is further segmented on the basis of region, with market growth rates evaluated for each country. These include North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and Rest of Asia Pacific), and Rest of the World.
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