Automotive and Transportation Automotive Cybersecurity Market Business Outlook | Page 2

Automotive Cybersecurity Market
Market Overview
The global automotive cybersecurity market is projected to witness significant growth during the forecast period, owing
to the growing demand for connected vehicles and the need for end-to-end cybersecurity in these vehicles. The market
growth is also expected to be boosted by the increasing awareness about vehicle safety and safe driving and the growing
emphasis on the inclusion of security solutions in the new vehicles sold.
On the basis of vehicle, the automotive cybersecurity market has been classified into electric and conventional vehicles.
Of the two, faster growth in the market during the forecast period is expected from electric vehicles. With governments
across the world focusing on vehicle electrification and supporting the same through favorable schemes and financial
incentives, the market for electric vehicles is expected to grow considerably in the coming years.
Based on application, the automotive cybersecurity market has been divided into telematics, vehicle powertrain,
infotainment, safety, and body control and comfort system. The market for vehicle powertrain is poised to grow at a
significant rate during the forecast period, as the automakers are heavily investing in product development and
innovation for product differentiation.
P&S Intelligence