Automotive Cyber Security Market Share

Automotive Cyber Security Market Share Analysis

With an emphasis on preventing unauthorised access between segments of the whole network structure, network security focuses on methods used to safeguard resources, data, and applications at the network level. The safeguards related to data encryption, multifactor authentication, server, application, database, scanning, and analytics tools are all included in cloud security. Endpoint security prevents malevolent actors and movements from taking advantage of the endpoints, or entry points, of end-user devices, including PCs, laptops, and mobile devices. The process of creating and evaluating security features for programmes to prevent security flaws against threats like illegal access and modification is known as application security. A wireless network is primarily shielded from attempts at hostile and unauthorised access by wireless network security.
The automotive cyber security market was dominated by the wireless network security segment in 2021, and this segment is anticipated to develop at a faster rate over the forecast period.
Cars such as sedans, hatchbacks, and SUVs are driving the global market for cyber security. During the 2022–2030 projection period, the passenger car category is expected to increase at a greater rate than it did in 2021, when it dominated market growth. The growing need for convenience, safety, and comfort features in cars is driving up demand for automotive cyber security. Because autonomous driving features and the use of electronic components in commercial vehicles have grown, so has the need for cyber security in light and large commercial vehicles. By 2030, it is anticipated that the market for cyber security for passenger cars will reach USD 5.48 billion, while the market for cyber security for commercial vehicles will reach USD 3.46 billion.
The use of electronics in automobiles has grown quickly, which has contributed to the vehicle's total weight reduction. The increased use of electronics in automobiles has increased their vulnerability to cyberattacks, leading to a rise in the use of cyber security solutions in these cars. By expansion the automotive cyber security, there is a need for cyber security in connected automobiles.