Automotive Cyber Security Market Latest Trends and Regional Demand Prospects to 2030

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Automotive Cyber Security Market Latest Trends
and Regional Demand Prospects to 2030
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• Industry Insights

• Cars have started using smart technologies like
  artificial intelligence, IoT, and much more
  making vehicles smarter. Even though this is an
  advantage for the users, there are always safety
  concerns.
• Self-driving cars are a key example of
  technology-based vehicles. There is a risk of
  security breach or hacking in such cases. There
  is rapid adoption of cybersecurity in the
  automobile sector.
• The automotive cybersecurity industry size is
  anticipated to surpass USD 2 billion by 2030. The
  increased electronics integration in vehicles is
  creating more awareness about the security
  measures that need to be taken. The global
  production and sales of electric vehicles will
  contribute to automotive security sector growth.

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• Auto companies are consistently developing and
  integrating modern infotainment systems. The
  demand for luxury, safer, and smart vehicles is
  motivating buyers to look for cars equipped with
  these systems. People want an extraordinary
  in-vehicle experience like directions, music,
  videos, movies, etc. all in a single display.
• For instance, Mahindra Mahindra, the Indian
  automaker, has launched a teaser of its upcoming
  Born Electric autos. These vehicles are going to
  get an entire set of new infotainment graphics.
  The teaser has raised eyebrows as there are a lot
  of connectivity options expected to be seen in
  the vehicles. Cars like these grab the attention
  of potential end-users. The more technological
  connectivity in vehicles, the more the need for
  automotive cybersecurity solutions.
• Cloud security is another safety system that
  vehicles are using. Cloud-connected vehicles have
  many added benefits that have been helping
  automakers. Data processing, efficient management
  of simulation systems, advanced GPS, and
  entertainment systems are revolutionized by cloud
  computing. However, there are safety concerns in
  this system that are being addressed by solution
  providers.
• Autonomous driving is a technologically fueled
  feature now available in the automobile sector.
  From personal vehicles to commercial vehicles,
  the technology is applied by manufacturers
  everywhere.

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• Competitive Analysis

• All these factors are contributing to the
  automotive cybersecurity industry growth. Some of
  the key industry players include Hyundai Motor
  Company, Intel Corporation Argus Cyber Security
  Ltd, Arilou Technologies Ltd, ATT Inc., Capio,
  Inc., Nissan Motor Corporation, Symantec
  Corporation, Tesla Inc., Continental AG, Daimler
  AG, Ford Motor Company, and Lear Corporation,
  among many others.

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