Global Automotive Cyber Security Market to Grow at a CAGR Of 23.0% During the Period 2018-2025 | Ozone Market Reports
Global Automotive Cyber Security Market Analysis According to Ozone Market Reports, the global Automotive Cyber Security Market was valued at USD 1.05 billion in 2017 and is projected to reach USD 5.48 billion by 2025, growing at a CAGR of 23.0% from 2018 to 2025. What is Automotive Cyber Security? Security concerns in automotive industry has risen up along with autonomous vehicles and connected cars around the corner. This has resulted in increased level of cyber-attacks in the automotive industry which has fuelled the need for automotive cyber security systems. Vehicle comprising of various electrical components that are connected by means of an internal network are easily accessible to hackers. The hackers could take complete control of safety critical components such as engines or brakes by gaining access to a peripheral electronic control unit. Additional, there could also be concerning problems regarding the security of intelligent security systems that communicate with the