Automotive Cybersecurity Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Automotive Cybersecurity Market is segmented By Security Type (Wireless Network Security, Endpoint Security, Application Security), By Application (In....

Automotive Cybersecurity Market Size

Market Size in USD

CAGR18.18%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR18.18%
Market ConcentrationMedium
Major PlayersHarman International, Continental AG, Robert Bosch GmbH, NXP Semiconductors N.V., Argus Cyber Security Ltd.
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Automotive Cybersecurity Market Analysis

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.