Automotive Cyber Security Market Size, Share, Growth Analysis, By Offering(Software, Hardware), By Application Type(ADAS & Safety, Body Control & Comfort, Infotainment, Telematics), By Form Type(In-Vehicle, External Cloud Services), By Security Type(Application, Wireless Network, Endpoint), By Approach(Intrusion Detection System, Security Operations Centre), By Vehicle Type(Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicles), By Propulsion Type(ICE Vehicles, Electric Vehicles), By Vehicle Autonomy(Non-Autonomous Vehicles, Semi-Autonomous Vehicles, Autonomous Vehicles), By EV Application(ADAS & Safety, Body Control & Comfort, Infotainment, Telematics), By Region - Industry Forecast 2024-2031

The majority of the market share for automotive cyber security comes from the Asia-Pacific region. Due to an upsurge in cyberattacks against the country, China has improved its defenses. The country stands a good probability of acting as a crucial hub for cyberattacks in other areas. A Chinese cyberspying group has been blamed for attacks on Microsoft's mail server software. Due to China's massive monitoring infrastructure, which is made possible by insufficient or even nonexistent encryption, a lot of data in China has been left open to manipulation and espionage.

North America is the largest shareholder in the global cyber security market, and it is anticipated that during the forecast period, it will expand at a CAGR of 8.40%. The main donor to this region is the United States. Healthcare cybersecurity crimes are on the rise in the US and remain a major national concern, which is motivating businesses to create solutions. There were 29,298,012 healthcare records breached, up 25% over the previous year, according to the Healthcare Data Breach Report and the Health Insurance Portability and Accountability Act. According to Reuters, the US government plans to adopt an executive order mandating that software suppliers notify the federal government in the event of a security breach to impose stricter regulations on cybersecurity breaches in organizations and government organizations.