The global automotive cybersecurity market size is expected to reach $5.56 billion by 2025, expanding at a CAGR of 21.4% during the forecast period. A study by Grand View Research notes that increasing risks of data breaching due to a rise in the number of connected and automated vehicles will drive the market. In addition, growing emphasis of OEMs on strengthening cybersecurity policies is expected to propel the demand for automotive cybersecurity over the projected period. Cloud infrastructure, mobile cross platforms, and automotive data taxonomy are key connectivity trends in the automotive cybersecurity market.
The report reveals that the passenger car segment in Europe is expected to account for 77.1% by 2025 due to rising production of electric vehicles (EVs), development and implementation of cybersecurity strategies, eco-friendly initiatives, and growing scope of data exchange. In China, infotainment applications have led the market due to quick adoption of advanced vehicle technologies.