The automotive cyber security market was estimated to be worth USD xx billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of xx.x% from 2024 to 2034, reaching USD xx billion. The market is increasing and sustainable since it is in line with a variety of industries.

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GROWTH DRIVERS
One of the main factors propelling the market is the increase in vehicle connection and IoT integration. According to a detailed report released by the European Union Agency for Cybersecurity, automakers must protect their vehicles from cyberattacks in accordance with a new UN guideline. Additionally, they said that it is anticipated that approximately 75% of cars would be connected by 2025.
Due to the increased vulnerability of this vehicle category to cyberattacks, the market is also being significantly driven by the growing deployment of autonomous vehicles. Furthermore, because electric vehicles are powered by sophisticated software that is susceptible to cyberattacks, their growth and expansion represent another important market driver.
MARKET SEGMENTATION:
· By Offering Type- software, hardware and services
· By Security Type- End point, application and end point
· By Application- ADAS and safety, body control and comfort, infotainment, telematics, powertrain systems and communication systems
· By Deployment Type- in-vehicle and external cloud services
· By Vehicle- passenger vehicle and commercial vehicles
· By Vehicle Autonomy- non-autonomous, semi-autonomous and autonomous vehicles
· By Regions- North America, Europe, Asia Pacific, South America, Middle East and Africa
Global Key Players:
· Sheelds
· Vector Informatik GmbH
· Continental AG
· Robert Bosch AG
· NXP Semiconductors N.V.
· Harman International
· Broadcom Inc.
· Denso Corporation
· Honeywell International, Inc.
· Guard Knox Cyber-Technologies Ltd.
· Other Players
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