Automotive Cybersecurity Market Size Expected to Hit USD 25.5 Billion by 2034 with a 17.2% CAGR, Emphasizing Cyber Safety for Passenger Protection: Transparency Market Research

The two main elements driving up the global automotive cybersecurity market statistics are the rise in connected car usage and the increase in research and development efforts. The advanced digital technologies and networks built into contemporary cars are utilized by automotive cybersecurity measures to combat cyberattacks and cyber threats.

Wilmington, Delaware, United States, Transparency Market Research, Inc. , Oct. 14, 2024 (GLOBE NEWSWIRE) — The global automotive cybersecurity market (Automobil-Cybersicherheitsmarkt) was projected to attain US$ 4.6 billion in 2023. It is likely to garner a 17.2% CAGR from 2024 to 2034, and by 2034, the

Global Automotive Cybersecurity Market: Key Players

Companies competing in the global automotive cybersecurity market are collaborating with several automotive cybersecurity platforms to improve overall vehicle security.

They are keeping cybersecurity compliance while drastically cutting cloud connectivity costs by utilizing data and edge computing capabilities to give a wider range of actionable insights in almost real-time.

Key Developments

• In June 2023, BlackBerry Limited declared a collaboration with Upstream Security, the premier automotive cybersecurity platform, to help manufacturers better their cars’ entire security posture by utilizing BlackBerry IVY’s extensive telemetry data and edge compute capabilities. Upstream’s cloud-native Vehicle Detection and Response (V-XDR) a number of top automakers uses technology to assist find operational insights, abnormalities, and cybersecurity risks related to the automotive industry.
• Leading supplier of automotive cybersecurity risk assessment solutions, Cybellum was authorized for purchase by LG Electronics (LG) in September 2021. With this calculated approach, LG can strengthen its cybersecurity skills and move more quickly toward being a partner in innovation for the mobility of the future.

Global Automotive Cybersecurity Market Segmentation 

• Security Type
  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Wireless Security
• Vehicle Type
  • Two/Three Wheeler
  • Passenger Car
    • Hatchback
    • Sedan
    • SUV
  • Light Commercial Vehicle
  • Heavy Duty Truck
  • Bus and Coach
  • Off-road Vehicle
• Security Solution
  • Intrusion Detection System (IDS)
  • Intrusion Prevention System (IPS)
  • Authentication System
  • Cryptography Solution
  • Security Operations Center (SOC)
• Propulsion
  • IC Engine
    • Gasoline
    • Diesel
  • Electric
    • Battery Electric
    • Plug-in Hybrid Electric
• Component Type
  • Hardware
  • Software
• Application
  • ADAS & Safety
  • Body Control and Comfort
  • Infotainment
  • Telematics
  • BMS and Powertrain System
  • Charging Management
  • Others
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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