The Asia Pacific Cybersecurity for Autonomous Vehicles Market would witness market growth of 23.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Cybersecurity for Autonomous Vehicles Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $131.8 million by 2031. The Japan market is registering a CAGR of 22.6% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 24.2% during (2024 - 2031).
Cybersecurity for autonomous vehicles applies to several key areas of vehicle technology to ensure safety, privacy, and data integrity. The primary cybersecurity applications in AVs include protecting communication systems, software and hardware, critical data, and connected infrastructure. Autonomous vehicles rely heavily on V2X communication systems, which allow vehicles to communicate with each other, with infrastructure like traffic lights, and with pedestrians.
Moreover, V2X communication enables real-time sharing of critical information such as road conditions, traffic updates, and accident alerts. However, this open communication channel also makes AVs vulnerable to cyber-attacks, such as spoofing or interference in communication signals. Ensuring the integrity and security of V2X systems is essential to prevent malicious actors from disrupting vehicle-to-vehicle or vehicle-to-infrastructure communications.
In China, the International Trade Administration (ITA) projects that by 2025, vehicles with partial and conditional automation will account for over 50% of new vehicle sales. Additionally, the Chinese government has set ambitious goals for the Intelligent Connected Vehicles (ICV) industry by 2030, aiming for ICVs with partial and conditional automation features to make up over 70% of new vehicle sales and highly automated ICVs to account for over 50% of new sales.
Free Valuable Insights: The Global Cybersecurity for Autonomous Vehicles Market is Predict to reach USD 1.67 Billion by 2031, at a CAGR of 22.7%
Based on Form, the market is segmented into In-vehicle cybersecurity and External cloud cybersecurity. Based on Application, the market is segmented into ADAS & Safety, Communication Systems, Telematics, Infotainment, Body Control & Comfort, and Powertrain Systems & Other Application. Based on Security Type, the market is segmented into Network Security, Application Security, and Endpoint Security. Based on Type, the market is segmented into Passenger and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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