Automotive Cybersecurity Market Size

Automotive Cybersecurity Market size was valued at USD 4.36 billion in 2024 and is expected to reach USD 42.76 billion by 2037, expanding at around 19.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive cybersecurity is assessed at USD 5.03 billion.

The reason behind the expansion is the increasing sales of electric vehicles. EVs are becoming increasingly autonomous and networked and have various points of entry into electric vehicle (EV) charging systems, such as EV connectors, user terminals, Internet connections, and maintenance terminals, making them more vulnerable to cybersecurity attacks. As per the International Energy Agency, sales of electric vehicles increased by 3.5 million in 2023 compared to 2022, a 35% annual rise.