Dublin, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The "Passenger Cars Cybersecurity Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The Passenger Cars Cybersecurity Market was valued at USD 2.86 Billion in 2023, and is expected to reach USD 4.12 Billion by 2029, rising at a CAGR of 6.33%
The global passenger cars cybersecurity market is experiencing significant growth as automotive connectivity and the adoption of advanced technologies like autonomous driving, V2X communication, and IoT gain momentum. 
The rise of software-based services and the increasing integration of connected devices have elevated the risk of cyber-attacks, prompting automotive manufacturers to prioritize cybersecurity solutions. One of the primary growth drivers is the rapid shift toward connected and autonomous vehicles, which necessitates robust security frameworks to protect critical data and systems from potential threats. Regulations like UNECE WP.29 and ISO/SAE 21434 have further pushed manufacturers to comply with cybersecurity standards, leading to an increased demand for solutions that safeguard the in-vehicle network, communication interfaces, and personal data.
The trends shaping this market revolve around the growing sophistication of cyber threats and the emphasis on end-to-end security frameworks. Key trends include the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) for threat detection, the development of advanced encryption techniques, and the increased use of cloud-based solutions to monitor vehicle networks in real time.
Automotive original equipment manufacturers (OEMs) are partnering with cybersecurity firms to build more resilient systems capable of countering emerging threats. Software updates over-the-air (OTA) have become a standard feature, enabling manufacturers to patch vulnerabilities more swiftly, which not only enhances security but also ensures compliance with evolving regulations.
Segmental Insights
Advanced Driver Assistance Systems (ADAS) and safety systems is the fastest-growing segment in the passenger car cybersecurity market due to their increasing adoption and integration into modern vehicles. As automotive technology advances, ADAS features such as adaptive cruise control, lane-keeping assistance, automatic emergency braking, and parking assistance are becoming more prevalent.
These systems rely heavily on sensors, cameras, radar, and real-time data processing to enhance vehicle safety and improve the driving experience. With the rise of connected vehicles, ADAS systems are also increasingly vulnerable to cyber threats. As vehicles become more autonomous, they rely on a network of interconnected electronic control units (ECUs) that communicate with one another, as well as with external infrastructure. This growing network of connected devices opens up new avenues for cyberattacks, making cybersecurity essential for protecting both vehicle functionality and driver safety.
Governments and regulatory bodies around the world have been implementing stringent regulations and standards for vehicle safety and cybersecurity. For instance, the UNECE WP.29 regulations mandate cybersecurity measures for connected vehicles, including ADAS and safety systems. Compliance with these regulations is driving automakers and suppliers to prioritize cybersecurity in their ADAS offerings.
The potential consequences of a cyberattack on ADAS systems are severe, as they directly impact critical safety functions. A breach could lead to system malfunctions, putting drivers, passengers, and pedestrians at risk. To address these concerns, automakers and cybersecurity providers are investing heavily in securing ADAS systems, leading to rapid growth in this segment. This focus on safeguarding critical vehicle functions is positioning ADAS and safety systems as a central area of growth in the passenger car cybersecurity market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $2.86 Billion |
| Forecasted Market Value (USD) by 2029 | $4.12 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Report Scope:
Key Market Players
- Intel Corporation
- ETAS GmbH
- NNG Software Developing and Commercial Llc
- DENSO Corporation
- Continental AG
- HARMAN International Industries, Inc
- Robert Bosch GmbH
- Cisco Systems, Inc
- PlaxidityX Ltd
- Karamba Security Ltd
Passenger Cars Cybersecurity Market, By Security Type:
- Application
- Network
- Endpoint
Passenger Cars Cybersecurity Market, By Application Type:
- ADAS & Safety System
- Infotainment
- Body Electronics
- Powertrain
- Telematics
Passenger Cars Cybersecurity Market, By Region:
- Asia-Pacific
- China
- India
- Japan
- Indonesia
- Thailand
- South Korea
- Australia
- Europe & CIS
- Germany
- Spain
- France
- Russia
- Italy
- United Kingdom
- Belgium
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Turkey
- Saudi Arabia
- UAE
For more information about this report visit https://www.researchandmarkets.com/r/fyqqox
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