Automotive Cyber Security Market Capture a CAGR of 18.5%, To Touch USD 8.94 Billion By 2030 By CIOTechOutlook Team

Automotive Cyber Security Market Capture a CAGR of 18.5%, To Touch USD 8.94 Billion By 2030

CIOTechOutlook Team | Tuesday, 20 June 2023, 08:49 IST

Automotive Cyber Security Market Could grow at a pace of 18.5% between 2022 and 2030, according to a Comprehensive Research Report by Market Research Future titled "Automotive Cyber Security Market Information by Security Type, Vehicle Type, Application, and Region - Forecast till 2030". By the end of 2030, the market size will be approximately USD 8.94 billion.

The technologies, procedures, and systems used to safeguard automobiles and their networks against online dangers and unauthorised access are referred to as automotive cybersecurity. The security of automotive systems and data has become increasingly important as modern vehicles integrate cutting-edge technologies and networking capabilities at an increasing rate. Automotive Cyber Security is a broad term that refers to a number of approaches and controls that work to stop cyberattacks, identify potential weak points, and successfully address new dangers.

Automotive cyber security is essential for defending connected automobiles against online dangers. It protects important automotive systems like telematics, communication networks, entertainment systems, and engine control units. Automotive Cyber Security works to stop unauthorised access, data breaches, vehicle tampering, and remote control attacks by putting in place strong security measures. Additionally, it guarantees the confidentiality and integrity of sensitive data, including driver information, diagnostic data, and real-time communication.