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Automotive Cybersecurity Market - Insights, Forecast to 2026

#artificialintelligence

The global Automotive Cybersecurity Market size is projected to grow from USD 2.0 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 21.3%. Increasing incidents of cyber-attacks on vehicles and massive vehicles recalls by OEMs have increased awareness about automotive cybersecurity among OEMs globally. Moreover, increasing government mandates on incorporating several safety features, such as rear-view camera, automatic emergency braking, lane departure warning system, and electronic stability control, have further opened new opportunities for automotive cybersecurity service providers globally. As a result, there are various start-ups present in the automotive cybersecurity ecosystem. Government initiatives toward building an intelligent transport system have also further escalated the demand for cybersecurity solutions all over the world.