In recent years, the rise of connected vehicles has brought numerous benefits for drivers. From enhanced infotainment systems to advanced safety features, the modern automotive and mobility industry is developing more advanced and connected vehicles than ever before. However, this increased connectivity also brings new security challenges that threaten the safety and privacy of drivers.
Cyber-attacks impact automotive OEMs financially, prompting them to develop in-house cybersecurity solutions. Providers are investing in advanced solutions to counter cyber threats. With growing OEM concerns, the market is poised for substantial growth in the forecast period 2022-2031.
The automotive cybersecurity market is in its early stages, propelled by advancements in connected vehicles and the proliferation of electronic control units (ECUs) in electric cars. Partnerships between cybersecurity solution providers and industry stakeholders are expanding global reach.
The market is driven by the rise of ECUs, increasing cyber-attacks, and the adoption of connected and autonomous vehicles.