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Passenger vehicles are the leading segment in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 17%.
Who are the top players in the market?
Aptiv Plc, Argus Cyber Security Ltd., Arilou Information Security Technologies Ltd., ESCRYPT GmbH, Infineon Technologies AG, Karamba Security Ltd., Lear Corp., RunSafe Security Inc., Samsung Electronics Co. Ltd., and secunet Security Networks AG are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the stringent data privacy regulations leading to increasing demand for automotive cybersecurity. However, the complex vehicle ECUs can delay the evolution of cybersecurity software will impede market growth.