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Automotive Cyber Security Market Expected to Triple to USD 9.8 Bn by 2031 as Connected Cars Encounter Increasing Threats

[Hyderabad, April 18th, 2025] – The Automotive Cyber Security Market, valued at USD 3.2 billion in 2023, is projected to grow at a rate of 14.9% to reach USD 9.8 billion by 2031 as vehicles become "computers on wheels," according to ClearView Market Insights.

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2024 Security Milestones

  1. Quantum Defense Race
    • BMW-IBM partnership prototypes post-quantum secured vehicles for 2027.
    • NXP's new chipsets protect V2X comms against future attacks.
  2. AI Arms Race
    • Upstream's AutoThreat® detects 99.2% of novel attacks.
    • GuardKnox's CAN bus protection achieves 100% success in penetration tests.
  3. Regulatory Tipping Point
    • UN R155 now mandates cybersecurity for all new EU cars.
    • NHTSA's new guidelines reference quantum-resistant standards.

Regional Hotspots

  • North America (40%): Leads in insurance/liability frameworks.
  • Europe (XX%): UN regulations driving OEM compliance.
  • Asia-Pacific (XX%): Chinese EV makers investing heavily.

Executive Insights
"Today's cars have more code than fighter jets – we're building digital armor for them."
– Yoni Heilbronn, CMO, Argus Cyber Security

Roadmap to 2031

  • 2025: 50% of new cars to feature runtime intrusion prevention.
  • 2027: Post-quantum encryption standard in premium EVs.
  • 2030: Self-healing vehicle networks expected in autonomous fleets.

For more insights, visit https://clearviewmarketinsights.com/report-store  

About ClearView Market Insights
ClearView Market Insights tracks 200+ mobility tech markets, from cybersecurity to V2X.

 

 

 

Media contact:

Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: 
sales@clearviewmarketinsights.com
Phone: +1 917-993-7369