Automotive Cybersecurity Market 2030 by Offering (Software, Hardware), Form Type (In-vehicle, External Cloud Services), Security Type (Application Security, Wireless Security, Endpoint Security), Approach (Intrusion Detection System, Security Operations Centre), Application (ADAS & Safety, Body Control & Comfort, Infotainment, Telematics, Powertrain Systems, Communication Systems) and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Automotive & Transportation | Pages : 170 Pages | Published On : Feb 2024

         
     

Automotive Cybersecurity market is valued USD 2.4 Billion in 2023 and projected to reach USD 7.6 Billion by 2030, growing at a CAGR of 18.3% during the forecast period of 2023-2030.

Automotive Cybersecurity Market Size


Graph
             2019                         2023-2030      

ReportDetails
Market Size Value2.4 Billion in 2023
Market Size ValueUSD 7.6 Billion by 2030
CAGR18.3%
Forecast Period2023-2030
Historic Data2019
Forecast UnitsValue (USD Million/USD Billion)
Segments CoveredOffering, Component, End User and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major Vendors In The Global Automotive Cybersecurity Market: SafeRide Technologies, GUARDKNOX, DENSO CORPORATION, APTIV PLC, HARMAN International, Arilou Automotive Cybersecurity, Vector Informatik GmbH, Karamba Security, Robert Bosch GmbH, Continental AG and Others.

Market Overview

The global automotive cybersecurity market plays a pivotal role in ensuring the security and resilience of modern vehicles in an increasingly connected and digitalized automotive ecosystem. As vehicles become more integrated with advanced technologies such as telematics, infotainment systems, and autonomous features, the risk of cyber threats has escalated. The automotive cybersecurity market addresses these concerns by providing solutions that safeguard vehicles from potential cyber-attacks, protecting critical systems like engine control units, electronic control units, and in-vehicle networks. This market's significance lies in its ability to fortify automotive cybersecurity measures, fostering trust among consumers and stakeholders while facilitating the continued evolution of smart and connected vehicles.

The automotive industry's reliance on digital technologies for vehicle functionality and user experience amplifies the importance of a robust cybersecurity framework. A breach in vehicle security not only poses risks to passenger safety but also threatens the integrity of the entire automotive ecosystem. The global automotive cybersecurity market, therefore, not only benefits manufacturers by mitigating potential damages to their reputation but also contributes to the sustained growth of the automotive industry by instilling confidence in consumers regarding the safety and security of modern vehicles. As the automotive landscape continues to evolve, the role of cybersecurity in this market becomes increasingly indispensable, fostering innovation, connectivity, and a safer driving experience.

Increasing Connectivity in Vehicles

The automotive industry is experiencing a paradigm shift with the integration of advanced technologies, particularly in the form of connected vehicles. Modern automobiles are equipped with sophisticated infotainment systems, telematics, and other connectivity features that enhance the overall driving experience. While this connectivity brings numerous benefits, it also exposes vehicles to cybersecurity threats. As more vehicles become connected to the internet and communicate with each other through Vehicle-to-Everything (V2X) communication, the attack surface for cyber threats expands. Hackers can exploit vulnerabilities in software, communication protocols, and embedded systems, posing serious risks to vehicle safety and data integrity.

The automotive cybersecurity market is being driven by the imperative to secure these interconnected systems. Manufacturers are investing in robust cybersecurity solutions to protect vehicles from unauthorized access, data breaches, and potential malicious manipulations. The demand for solutions such as intrusion detection systems, secure communication protocols, and over-the-air (OTA) update security is on the rise as the automotive industry seeks to safeguard vehicles against evolving cyber threats.

Market Dynamics

Drivers:

  • Increasing connectivity and digitalization in vehicles.
  • Growing threat of cyber-attacks on automotive systems.
  • Stringent government regulations for vehicle cybersecurity.
  • Rise in the adoption of connected and autonomous vehicles.

Opportunities:

  • Emergence of advanced technologies such as IoT and AI in automotive systems.
  • Growing awareness and focus on cybersecurity among automotive manufacturers.
  • Expansion of the electric and hybrid vehicle market.
  • Collaboration between automotive and cybersecurity companies for integrated solutions.

Stringent Regulatory Frameworks

Governments and regulatory bodies across the globe are increasingly recognizing the critical importance of cybersecurity in the automotive sector. The growing number of cyber-attacks on vehicles has prompted the development of stringent regulations to ensure the safety and security of connected and autonomous vehicles. Compliance with these regulations is a significant driver for the adoption of cybersecurity solutions in the automotive industry.

Regulatory frameworks, such as the UN Regulation on Cybersecurity and Software Updates for Automotive Vehicles (UN R155), are pushing automakers to implement robust cybersecurity measures in their vehicles. Failure to comply with these regulations not only exposes manufacturers to legal consequences but also poses a reputational risk. Consequently, the automotive industry is witnessing a surge in the implementation of cybersecurity solutions to meet regulatory requirements, driving the growth of the global automotive cybersecurity market.

North America dominates the market for Automotive Cybersecurity.

The dominating region in the global automotive cybersecurity market is North America, with the United States being a key player in this sector. The region's dominance is attributed to the high adoption of connected vehicles and the presence of major automotive manufacturers investing heavily in cybersecurity solutions. North America held a significant share of the automotive cybersecurity market, with the United States contributing prominently due to the rapid integration of advanced technologies in vehicles.

In terms of upcoming countries with high growth potential, the Asia-Pacific region, particularly China, stands out. The automotive market in China is witnessing rapid expansion, driven by the increasing demand for connected and electric vehicles. As China strives to become a global leader in electric and autonomous vehicles, the need for robust cybersecurity measures becomes paramount. The country's focus on smart transportation and the proliferation of connected car technologies positions it as a key growth area for automotive cybersecurity solutions. The rising number of automotive cyber-attacks globally further emphasizes the critical role of cybersecurity in the Asia-Pacific region, making it an emerging hotspot for the automotive cybersecurity market.

The Security Type Segments is anticipated to hold the Largest Market Share during the Forecast Period

In the global automotive cybersecurity market, the security type segment encompasses application security, wireless security, and endpoint security. This segment dominates the market due to the increasing integration of advanced technologies in modern vehicles. Application Security ensures the protection of software applications within the automotive ecosystem, safeguarding against vulnerabilities and cyber threats. Wireless Security becomes crucial as connected vehicles rely on extensive communication networks, making them susceptible to cyber-attacks. Endpoint Security focuses on securing individual devices and systems within the automotive infrastructure. As vehicles become more connected and autonomous, the demand for robust cybersecurity solutions across these key segments has surged, driving the dominance of the Security Type segment in the automotive cybersecurity market.

Major Segmentations Are Distributed as follows:

  • By Offering
    • Software
    • Hardware
  • By Application
    • ADAS & safety
    • Body control & comfort
    • Infotainment
    • Telematics
    • Powertrain systems
    • Communication systems
  • By Form Type
    • In-vehicle
    • External cloud services
  • By Security Type
    • Application
    • Wireless
    • Endpoint
  • By Approach
    • Intrusion Detection System
    • Security Operations Centre
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of Middle East & Africa

Recent Developments

  • In February 2023, a software solution for threat analysis and risk assessment called ESCRYPT C_ycurRISK was made available by ETAS, a Robert Bosch GmbH company. It enables methodical reduction of cyber risks and the identification of security vulnerabilities by automotive OEMs and suppliers during vehicle development.

Automotive Cybersecurity Market Report Gives Answers to Following Key Questions:

  • What will be the Automotive Cybersecurity Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Automotive Cybersecurity Market?
  • What are the main forces behind the worldwide Automotive Cybersecurity Market? Which companies dominate the Automotive Cybersecurity Market?
  • Which companies dominate the Automotive Cybersecurity Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Insight Engines industry's suppliers' opportunities and dangers in Automotive Cybersecurity Market?
  • What is the Insight Engines industry's regional sales, income, and pricing analysis? In the Automotive Cybersecurity Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Automotive Cybersecurity Market?
  • What are the main geographical areas for various industries that are anticipated to observe an astounding expansion in Automotive Cybersecurity Market?
  • What are the dominant revenue-generating regions for Automotive Cybersecurity Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Automotive Cybersecurity Market trends that are influencing the market's expansion?
  • Which key product categories dominate the Automotive Cybersecurity Market? What are the Automotive Cybersecurity Market’s main applications?
  • In the coming years, which Automotive Cybersecurity Market technology will dominate the market?

Reason to purchase this Automotive Cybersecurity Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Automotive Cybersecurity Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Automotive Cybersecurity Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Automotive Cybersecurity Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Automotive Cybersecurity Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Automotive Cybersecurity Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
    5. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  3. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
    7. Pricing Analysis
      1. Pricing Analysis, By Products
      2. Average Pricing Benchmark Analysis
  4. Automotive Cybersecurity Market, By Offering
    1. Software
    2. Hardware
  5. Automotive Cybersecurity Market, By Application
    1. ADAS & safety
    2. Body control & comfort
    3. Infotainment
    4. Telematics
    5. Powertrain systems
    6. Communication systems
  6. Automotive Cybersecurity Market, By Form Type
    1. In-vehicle
    2. External cloud services
  7. Automotive Cybersecurity Market, By Security Type
    1. Application
    2. Wireless
    3. Endpoint
  8. Automotive Cybersecurity Market, By Approach
    1. Intrusion Detection System
    2. Security Operations Centre
  9. Automotive Cybersecurity Market, By Vehicle Type
    1. Passenger Car
    2. Commercial Vehicle
    3. Electric Vehicle
  10. Automotive Cybersecurity Market, By Propulsion Type
    1. ICE Vehicles
    2. Electric  Vehicles
  11. Automotive Cybersecurity Market, By Vehicle Autonomy
    1. Non-autonomous Vehicles
    2. Semi-autonomous Vehicles
    3. Autonomous Vehicles
  12. Automotive Cybersecurity Market, By EV Application
    1. ADAS & safety
    2. Body control & comfort
    3. Infotainment
    4. Telematics
    5. BMS & powertrain systems
    6. Communication systems
    7. Charging management
  13. Automotive Cybersecurity Market, By Geography
    1. Automotive Cybersecurity Market, North America
      1. U.S.
      2. Canada
    2. Automotive Cybersecurity Market, Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Automotive Cybersecurity Market, Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Automotive Cybersecurity Market, Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Automotive Cybersecurity Market, Rest of the world
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  14. Competitive Analysis
    1. Introduction
    2. Top Companies Ranking
    3. Competitive Landscape
      1. Competition Dashboard
      2. Market Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. Robert Bosch GmbH (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. Continental AG (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Harman International (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. Aptiv PLC (Ireland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. DENSO Corporation (Japan)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. Vector Informatik GmbH
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. Karamba Security (Israel)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. GUARDKNOX (Israel)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. SafeRide Technologies (Israel)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Arilou Automotive Cybersecurity (Israel)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. NXP Semiconductors N.V. (Netherlands)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Broadcom Inc (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. Guard Knox Cyber-Technologies Ltd (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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