The North America Automotive Cybersecurity Market would witness market growth of 19.2% CAGR during the forecast period (2022-2028).
Road cars with more features and usefulness have more code, which increases complexity. More code translates to more issues. Issues like an enlarged vehicle attack surface may create vulnerabilities that attackers can use to take control of and hijack the moving vehicle. This raises significant security risks and safety hazards that should fundamentally alter how current autos are created. There are numerous computers in modern cars, and they are used for more than just playing music and operating GPS. Nearly every component of the car, including the steering, brakes, and engine itself, is monitored and controlled by computers. This justifies the importance of automobile cyber security.
There are numerous computers in modern cars, and they are used for more than just playing music and operating GPS. Nearly every component of the car, including the steering, brakes, and engine itself, is monitored and controlled by computers. This justifies the importance of automobile cyber security. Hackers may steal data or even take over a vehicle's computer systems if they aren't adequately secured. As you can expect, this makes automobile cyber security a top priority for OEMs, automakers, and customers alike. This is rising the need for automotive cybersecurity.
The automotive demand in the region is constantly evolving as a result of rising commodity and resource trade volumes, increased globalization of value chains, advancements in drive technology and CO2 emissions, and an emphasis on vehicle and passenger safety. As the demand for automotive in the region is rising, the region is further demanding security features in vehicles. Therefore, the market for automotive cybersecurity would grow in the region.
The US market dominated the North America Automotive Cybersecurity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,556.8 million by 2028. The Canada market is showcasing a CAGR of 21.9% during (2022 - 2028). Additionally, The Mexico market would register a CAGR of 20.9% during (2022 - 2028).
Based on Application, the market is segmented into Communication Systems, Telematics, Infotainment, ADAS & Safety, Body Control & Comfort, and Powertrain Systems. Based on Security Type, the market is segmented into Application Security, Endpoint Security and Network Security. Based on Offering, the market is segmented into Software and Hardware. Based on Form, the market is segmented into In-Vehicle and External Cloud Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Cybersecurity Market is Estimated to reach $6.2 Billion by 2028, at a CAGR of 19.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Denso Corporation, Aptiv PLC, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Vector Informatik GmbH, Arilou Information Security Technologies Ltd. (NNG Group), GuardKnox Cyber Technologies Ltd., and Karamba Security Ltd.
By Application
By Security Type
By Offering
By Form
By Country
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