Automotive Cybersecurity Market is segmented By Security Type (Wireless Network Security, Endpoint Security, Application Security), By Application (In....
Market Size in USD
CAGR18.18%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 18.18% |
Market Concentration | Medium |
Major Players | Harman International, Continental AG, Robert Bosch GmbH, NXP Semiconductors N.V., Argus Cyber Security Ltd. |
The automotive cybersecurity market is estimated to be valued at USD 4.33 Bn in 2024 and is expected to reach USD 13.94 Bn by 2031, growing at a compound annual growth rate (CAGR) of 18.18% from 2024 to 2031. The automotive cybersecurity market is driven by rising connectivity in modern vehicles that has introduced several points of vulnerability. As hackers become more sophisticated, the incorporation of artificial intelligence and machine learning capabilities into automotive cybersecurity systems will be crucial.