Automotive Cybersecurity Market is anticipated to reach USD 5.35 billion by 2025

February 14 18:32 2019

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The penetration of security solutions in new vehicles is increasing. It is expected that the increased demand for cybersecurity solutions, along with the end user’s preference for vehicle connectivity features, will drive growth in the automotive cybersecurity market in the near future.

The market for automotive cybersecurity is expected to grow significantly in the coming years due to the rising demand for connected vehicles and the need for end-to-end cybersecurity for these vehicles.

Automotive Cybersecurity Market Size and Growth Rate:

Automotive Cybersecurity Market was valued at USD 1.25 billion in 2018 and poised to reach USD 5.35 billion by 2025 growing at a CAGR of 22.25% during the forecast period 2018 to 2025.

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Automotive Cybersecurity Market Growth Drivers and Restraints:

The penetration of security solutions in new vehicles is increasing. It is expected that the increased demand for cybersecurity solutions, along with the end user’s preference for vehicle connectivity features, will drive growth in the automotive cybersecurity market in the near future.

Geographical Overview of Automotive Cybersecurity Market:

The increase in demand for automobiles in this region, due to the convergence of the ICT and automobile sector, has led to the emergence of the connected car ecosystem. The growing adoption of connected cars in North America should increase the need for cybersecurity.

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Key Players of Automotive Cybersecurity Market:

Some of the leading market players of Automotive Cybersecurity Market are Argus Cyber Security, HARMAN International, Karamba Security, Symantec, Argus Cyber Security, HARMAN International, Karamba Security, Symantec and others.

Automotive Cybersecurity Market Segmentation:

By Product:

  • Inbuilt Modem
  • Plug-In Modem

 

By Application:

  • Passenger Car
  • Commercial Vehicle

 

By Region:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

 

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