The Automotive Cybersecurity Market focuses on technologies and solutions designed to protect vehicles from cyber threats. As modern vehicles become increasingly connected through advanced electronics, autonomous driving systems, and infotainment technologies, they are more vulnerable to cybersecurity risks. The growing need for protection against hacking, data theft, and other malicious activities is driving the growth of the automotive cybersecurity market.
Market Size & Growth: The Automotive Cybersecurity Market size was USD 66.10 billion in 2022. Covid-19’s pandemic has emphasized the need for resilience in automotive cybersecurity. Manufacturers and suppliers are placing greater emphasis on implementing comprehensive cybersecurity strategies, conducting risk assessments, adopting best practices, and enhancing incident response capabilities to mitigate potential cyber threats. Between 2023 and 2031, the market is projected to grow at a CAGR of 6.90%, from USD 70.48 billion in 2023 to USD 117.83 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over according to a new report by Intellectual Market Insights Research.
