Automotive Cyber Security Market Size To Advance At 21.4% CAGR By 2025, Due To Rising Data Breaching Incidence In Automated & Connected Vehicles | Million Insights

Automotive Cyber Security Market Size To Advance At 21.4% CAGR By 2025, Due To Rising Data Breaching Incidence In Automated & Connected Vehicles | Million Insights

PR Newswire

FELTON, Calif., Feb. 16, 2021

FELTON, Calif., Feb. 16, 2021 /PRNewswire/ -- The global automotive cyber security market is projected to reach USD 5.56 billion by 2025, according to Million Insights. A growing data breaching incidence owing to increasing number of automated and connected vehicles is a major factor driving the market growth. In addition, a rising focus on implementing automotive cyber security policies is projected to surge the demand for the market in the next few years. Automotive data taxonomy, Cloud infrastructure, and mobile cross platforms are other major factors expected to augment market growth.

For seamless connectivity, technological advancement in the automotive industry is gaming traction due to rising a huge volume of data exchange, which is also anticipated to have a positive impact on market growth. In addition, electronic information control systems such as fixed-speed cruise control, auto-braking sensors, tire-pressure, and electric power steering have become compulsory in all vehicles. Other systems like ADAS, powertrain, safety systems, and infotainment are also being used in automotive electronics operations. This factor will exhibit vehicle-to-everything communication, which is expected to open lucrative opportunities for the automotive cybersecurity market.

Please click here to get the sample pdf and find more details on "Automotive Cybersecurity Market" Report 2025.

North America is expected to lead the market owing to the rising adoption of autofocus vehicles coupled with the integration of new technologies such as connected car systems and smart antennas. Moreover, stringent norms regulated by the government for automotive cyber security and growing investment in automotive sectors are projected to augment the regional market growth. The major players operating in this industry are HARMAN International, Continental AG, Argus Cyber Security Ltd, Argus Cyber Security Ltd, ESCRYPT, and NXP Semiconductors N.V.

Further key findings from the report suggest:

Browse 180 page research report with TOC on "Global Automotive Cyber Security Market" at:

Million Insights has segmented the automotive cyber security market on the basis of security, vehicle type, application, service, and region:

Explore the Latest Press Releases by Million Insights:

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Follow Us: LinkedIn | Twitter


Voltar noticias em Inglês