Europe Automotive Cybersecurity Market Growth, Size

The term automotive cybersecurity refers to the market for goods, services, and technology that shield automobiles, automotive systems, and platforms related to automobiles against malicious activity, illegal access, data breaches, and cyberattacks. It entails putting in place security measures to protect data communications, automotive electronic systems’ availability, integrity, and confidentiality, as well as in-car networks.

According to SPER market research, ‘Europe Automotive Cybersecurity Market Size – By Application, By Vehicle Type, By Security, By Form – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Automotive Cybersecurity Market is predicted to reach USD 8558.85 million by 2033 with a CAGR of 24.37%.

Drivers:

The need for vehicle cybersecurity to support market expansion has increased.

The automotive industry has witnessed a surge in the need for improved vehicle cybersecurity in recent times, owing to persistent cyber security flaws that compromise vehicle safety and advanced driver assistance systems (ADAS). Hackers are not only able to access the personal information of car owners, including contacts on their smartphone, prior GPS positions, and present location, but they can also take control of any autonomous or self-operating feature that might potentially cause a collision. Comprehensive, all-encompassing cybersecurity should be included in automotive vehicles to protect the vehicle’s front and rear ends as well as the infrastructure on which the linked automobiles rely.

Challenges: Many challenges confront the European Automotive Cybersecurity Market. First of all, the possibility of cyberattacks is growing as automobiles become more technologically advanced and networked. Hackers may attempt to get access to a car’s systems with the intention of doing damage, such stealing personal information or seizing control of the vehicle. For automakers, who must ensure that their vehicles are shielded from these dangers, this is a major issue.The intricacy of vehicle systems presents a further hurdle. Contemporary automobiles are crammed with technological parts and software that have to sync flawlessly. It also suggests that hackers may be able to access additional potential avenues of entry, though.

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The Europe Automotive Cybersecurity Market has been impacted by the COVID-19 pandemic in a number of ways. On the one hand, because remote work and digital communication are now more frequent, the pandemic has expedited the car industry’s deployment of digital technologies. Because more cars are networked and more vulnerable to security breaches, the attack surface for cyber threats has expanded as a result of the increasing digitization of automobiles. As a result, both buyers and automakers are beginning to understand how crucial cybersecurity is to automobiles. But the epidemic has also presented difficulties for the car industry as a whole, affecting cybersecurity investments due to manufacturing delays, supply chain interruptions, and erratic economic conditions.

Additionally, Some of the market key players are Argus Cybersecurity, Arilou Technologies, Cisco Systems Inc, Continental AG, Delphi Automotive PLC.

Europe Automotive Cybersecurity Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Application: Based on the Application, Europe Automotive Cybersecurity Market is segmented as; Communication, Advanced Driver Assistance System (ADAS) and Safety System, On-Board Diagnostic (OBD), Infotainment, Telematics, EV Charging Station.

By Vehicle Type: Based on the Vehicle Type, Europe Automotive Cybersecurity Market is segmented as; Passenger Vehicle, Commercial Vehicle.

By Security Type: Based on the Application, Europe Automotive Cybersecurity Market is segmented as; Network Security, Software Security, Cloud Security, Hardware Security.

By Form: Based on the Form, Europe Automotive Cybersecurity Market is segmented as; Vehicle, External Cloud Services.

By Region: This research also includes data for Germany, United Kingdom, France, Spain, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Europe Automotive Cybersecurity Market Future Outlook

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