April 20, 2026 Automotive Cybersecurity Market Forecast to Hit $62 Billion by 2040

A new market report published April 20 projects the global automotive cybersecurity market will grow from $6.60 billion in 2026 to $62.31 billion by 2040 — a compound annual growth rate of 17.39%. The report highlights Continental as a standout player with an end-to-end portfolio of secure gateway solutions for OEMs including BMW and Ford. Key growth drivers include the expansion of OTA updates, V2X communication, and autonomous vehicle architectures, all of which significantly increase the attack surface. The report also flags a critical talent shortage for professionals skilled in automotive cybersecurity as a major constraint on market growth.

Source: Research and Markets, April 20, 2026