Infineon Technologies AG
News
Automotive Cyber Security Market Revenue to Attain US$ 10.5 Billion by 2031; Infotainment Application Segment to Hold 41.3% Share - Transparency Market Research
Accesswire WILMINGTON, DE / ACCESSWIRE / April 4, 2023 / Transparency Market Research Inc. - Significant penetration of IoT technologies in the automotive industry, such as usage of vehicle-to-everything (V2X) and LiDAR in self-driving cars, is likely to propel the need for improved cybersecurity to prevent data breaches. Rapidly rising adoption of advanced cellular vehicle-to-everything technologies in autonomous vehicles is anticipated to drive adoption of cyber security solutions in the automotive cyber security market . Thus, OEMs are spending on improving security of connected car ecosystem, which is anticipated to broaden the market outlook. Rapid incorporation of 5G and cloud in connected car technologies is expected to open up new business opportunities for companies in the automotive cyber security market. The market size stood at US$ 2.7 Bn in 2022 and is projected to expand at a CAGR of 16.6% from 2023 to 2031. Stringent implementation of government regulations pertaining to advanced cybersecurity ecosystem in next generation of autonomous vehicles is likely to accelerate market development. more…
