Pune, April 05, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global automotive cybersecurity market is expected to grow from USD 6.2 Billion in 2021 to USD 28.7 billion by 2030, at a CAGR of 18.6% during the forecast period 2022-2030.
Protection of consumers against cybercrimes is done through cybersecurity. Cybercrimes these days are not only limited to mobile phones and laptops, these have extended their scope to other sectors as well. Cybercrimes can take place in any sector including the automotive sector.
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So, to fight fraudulent activities cybersecurity is required which protects the consumers’ data from being misused. New technological advancements and the rising demand of the customers in vehicles give rise to the production of more advanced vehicles and reduce the number of wires used in them. This is giving more chances to hackers for hacking vehicles and using the data wrongly. But with the advancement in technology manufacturers are also focusing on using cybersecurity in vehicles to stop fraudulent activities from happening.
The rising awareness among people regarding their safety and safety and mobility is making the government take strict actions for the safety of the consumers and thus new laws and regulations are being made and implemented for the safety of the consumers against cybercrimes. The government is also advising manufacturers to choose cybersecurity in vehicles for the safety of consumers. New technologies are being used for reducing environmental degradation due to pollution, which is increasing cybercrimes and thus driving the automotive cybersecurity market.
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Key players operating in the global automotive cybersecurity market are:
• Aptiv PLC
• Vector Informatik…
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