Future secure: Auto cybersecurity market booms to $3241B by 2030

The global automotive cybersecurity market is projected to reach $32.41 billion by 2030, with a robust compound annual growth rate (CAGR) of 16.6% from 2021 to 2030. The market was valued at $7.23 billion in 2021.

The COVID-19 pandemic has had an unpredictable impact on the automotive cybersecurity market, leading to delays in the development and implementation of cybersecurity systems in connected cars.

North America currently dominates the market in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. is the leading market in North America, driven by R&D activities and technological developments in automotive cybersecurity solutions.

The software segment is the largest segment in the market, accounting for the highest revenue in 2020. The application security segment is the largest segment by security type, and the in-vehicle segment is the largest segment by form.

Key players in the automotive cybersecurity market include Aptiv PLC, Arilou Automotive Cybersecurity, Continental AG, Denso Corporation, Guardknox, Harman International, Karamba Security, Robert Bosch GmbH, SafeRide Technologies, and Vector Informatik GmbH.