Europe Automotive Cybersecurity Market Analysis and Forecast 2022-2031: A $ 5.53 Billion Market by 2031, Registering CAGR of 24% [Yahoo! Finance]
Garrett Motion Inc. (GTX)
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Source: Yahoo! Finance
The Europe automotive cybersecurity market (excluding U.K.) was valued at $793.5 million in 2022, and it is expected to grow at a CAGR of 24.08% and reach $ 5.53 billion by 2031. Automotive cybersecurity is expected to grow significantly in Europe . This growth will be primarily driven by factors like the growing number of connected vehicles, the increasing adoption of electronics per vehicle, the increased cyber threats resulting from increased data and connectivity of vehicles, and the rising sales of electric vehicles. In 2019, Europe's top four automotive manufacturing countries, Germany France , U.K., and Italy , generated more than 50% of the total passenger cars produced in Europe . Countries such as Sweden and Netherlands are putting efforts to promote autonomous and connected vehicles, which will further propel the automotive cybersecurity market. The legislative body of the Netherlands has also allowed some automotive players to test their connected and autonomous vehicle
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- Garrett Motion Inc. (NASDAQ:GTX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Should Value Investors Buy Garrett Motion (GTX) Stock? [Yahoo! Finance]Yahoo! Finance
- Garrett Motion to Hold First Quarter 2024 Financial Results Conference Call on Thursday April 25, 2024GlobeNewswire
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