Automotive Cybersecurity Market Size, Share & Trends Analysis Report BY SECURITY TYPE (Application Security, Network Security, Endpoint Security), BY OFFERING (Software, Hardware), BY FORM (In Vehicle, External Cloud Services), BY APPLICATION (ADAS & Safety, Body control & Comfort, Infotainment, Telematics, Powertrain Systems, Communication Systems), COVID-19 Impact Analysis, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031    

 

Region: Global | Format: Word, PPT, Excel | Report Status: Published

Market Overview:

The Automotive Cybersecurity Market size was USD 66.10 billion in 2022. Covid-19's pandemic has emphasized the need for resilience in automotive cybersecurity. Manufacturers and suppliers are placing greater emphasis on implementing comprehensive cybersecurity strategies, conducting risk assessments, adopting best practices, and enhancing incident response capabilities to mitigate potential cyber threats. Between 2023 and 2031, the market is projected to grow at a CAGR of 6.90%, from USD 70.48 billion in 2023 to USD 117.83 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over according to a new report by Intellectual Market Insights Research.

Market Scope and Definition:

The automotive cybersecurity market refers to the industry and market segment focused on developing and providing cybersecurity solutions and services specifically for the automotive industry. It involves safeguarding vehicles, their components, and their connected systems from potential cyber threats, unauthorized access, data breaches, and malicious attacks. With the increasing connectivity and complexity of modern vehicles, including features such as infotainment systems, advanced driver assistance systems (ADAS), telematics, and autonomous driving capabilities.

The scope of the automotive cybersecurity market encompasses a wide range of areas and activities related to ensuring the security of vehicles and their connected systems. The market includes the development and implementation of cybersecurity measures for various vehicle components, such as electronic control units (ECUs), infotainment systems, telematics units, sensors, and communication modules. Several key players in the market are adopting strategies such as mergers, acquisition, partnerships, and collaboration for the expansion their product portfolio. For instance,

  • In October 2022, Denso Company and NTT Communications Corporation did announce the creation of the Vehicle Security Operation Center (VSOC) in response to the increasing cyber risks faced by automobiles. The VSOC aims to enhance the cybersecurity of vehicles by monitoring and analysing cyber threats, detecting vulnerabilities, and responding to incidents in real-time.

Market Drivers:

Rapid Increase in the Number of Connected Vehicles and the Adoption of Advanced Features is the Driver of the Automotive Cybersecurity Market

The increasing connectivity in the automotive industry is a significant driver for the automotive cybersecurity market. As more vehicles become connected and incorporate advanced features and technologies, such as infotainment systems, telematics, and autonomous driving capabilities, the attack surface for potential cyber threats expands.

Connected vehicles rely on various communication interfaces, including wireless networks, cellular networks, and vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication. Each of these interfaces presents potential entry points for cyber-attacks, such as unauthorized access, data breaches, or remote manipulation of vehicle systems.

Emerging Technologies Drives the Market Growth

The deployment of 5G networks in the automotive sector enables faster and more reliable communication between vehicles, infrastructure, and the cloud. However, the increased network complexity and higher data transfer rates also introduce potential vulnerabilities that could be exploited by cyber attackers. Robust security measures are required to ensure the integrity and privacy of data transmitted over 5G networks.

AI and ML technologies are being integrated into various automotive applications, including autonomous driving, advanced driver assistance systems (ADAS), and cybersecurity itself. While these technologies offer significant advancements in efficiency and functionality, they can also be targeted by cyber attackers.

Market Trends:

Automotive Manufacturers are Increasingly Adopting OTA Update Capabilities is the Market Trend of Automotive Cybersecurity Market.

The adoption of Over-the-Air (OTA) updates in the automotive industry is a significant trend that enhances cybersecurity in vehicles. OTA updates allow automotive manufacturers to remotely update vehicle software and security patches, providing an efficient and convenient way to ensure that vehicles have the latest security measures. This eliminates the need for physical recalls or visits to service centres, saving time and cost for both manufacturers and vehicle owners.

OTA updates enable manufacturers to quickly and effectively deploy security patches to address newly discovered vulnerabilities or threats. This helps mitigate the risk of cyber-attacks by promptly addressing known security weaknesses.

Market Restraining Factors:

Rapid Technological Advancements is a Restraining Factor in the Automotive Cybersecurity Market

Rapid technological advancements in the automotive industry can present a challenge when it comes to ensuring robust cybersecurity measures.

As vehicles become more advanced with features like autonomous driving, connected vehicles, and advanced infotainment systems, the complexity of the systems and their interconnections increases. This complexity can introduce more potential vulnerabilities and make it challenging to identify and address cybersecurity risks effectively.

Key Players Strategies in the Market:
  • In April 2021, Elektrobit did indeed collaborate with SUSE, a German open-source software company. The collaboration involved Elektrobit supplying its EB corbos Linux operating system to car makers and Tier 1 suppliers in China.
  • For instance, in October 2021, Infineon Technologies introduced a plug-and-play safety solution for vehicle-to-everything communication (V2X), SLS37 V2X hardware security module (HSM).
  • In January 2023, the investment by the International Centre for Automotive Technology (ICAT) in a facility to build cybersecurity capabilities reflects the increasing recognition of the importance of cybersecurity in the automotive industry. Establishing such a facility can help enhance the cybersecurity standards and practices in the automotive sector.

Automotive Cybersecurity Market Players Analysis:

  • APTIV PLC
  • Argus Cyber Security
  • Arilou Automotive Cybersecurity
  • Broadcom Inc.
  • Continental AG
  • Denso Corporation
  • Green Hills Software
  • Guard Knox Cyber-Technologies Ltd.
  • Harman International Industries, Inc.
  • Honeywell International, Inc.
  • Intel Corporation
  • NXP Semiconductors N.V.
  • Robert Bosch GmBH
  • SafeRide Technologies
  • Secunet AG
  • Sheelds
  • Vector Informatik GmbH
  • McKinsey & Company
Automotive Cybersecurity Market Players & Competitor Analysis:

The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2023-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Automotive Cybersecurity Market Segmentation Analysis:

The market scope is segmented on the basis of By Security Type by Offering, By Form, By Application, By Vehicle Type and by region.

By Security Type

Based on the security type the market is segmented into Application Security, Network Security and Endpoint Security.

Application Security: Application security is a critical aspect of automotive cybersecurity, as it focuses on protecting the software applications and systems within a vehicle from potential vulnerabilities and cyber threats. It involves implementing measures to ensure the confidentiality, integrity, and availability of automotive software applications.

Endpoint Security: Endpoint security is a crucial component of automotive cybersecurity, focusing on protecting the endpoints or devices within vehicles from potential cyber threats. It involves securing the various hardware and software components, including electronic control units (ECUs), infotainment systems, telematics units, and other connected devices.

By Offering

Based on the offering of the market is segmented into hardware and Software.

Hardware: Hardware solutions play a crucial role in the automotive cybersecurity market as they provide the foundational components for securing vehicles and their connected systems. Hardware-based cybersecurity solutions aim to protect the physical and electronic components within a vehicle, including electronic control units (ECUs).

Software: Software solutions are a key component of the automotive cybersecurity market, playing a critical role in protecting vehicles from cyber threats and vulnerabilities. Automotive software solutions focus on securing the various software applications, firmware, and operating systems within vehicles, including infotainment systems.

By Form

Based on form the market is segmented into In Vehicles and External Cloud Services.

In Vehicles: The increasing connectivity and complexity of modern vehicles make them potential targets for cyber-attacks. In-vehicle cybersecurity solutions aim to mitigate these risks and ensure the integrity, confidentiality, and availability of vehicle systems and data.

External Cloud Services: External cloud services play a significant role in the automotive cybersecurity market, providing organizations with scalable and flexible solutions for managing their cybersecurity needs. These services leverage cloud computing infrastructure to offer various cybersecurity capabilities to automotive companies.

By Application

Based on application the market is segmented into ADAS & Safety System, Infotainment, Body Electronics, Powertrain, and Telematics.

ADAS & Safety System: ADAS (Advanced Driver Assistance Systems) and safety systems are critical components of the automotive cybersecurity market. ADAS technologies enhance vehicle safety by providing features such as collision avoidance, lane departure warning, adaptive cruise control, and automatic emergency braking.

Telematics: Telematics systems handle a vast amount of sensitive data, including vehicle location, driving behaviour, and personal information. Ensuring the security and privacy of this data is paramount to protect against unauthorized access and potential misuse.

Report Coverage:

The report will cover the qualitative and quantitative data on the global automotive cybersecurity market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Study Period

2020-31

Base Year

2022

Estimated Forecast Year

2023-31

Growth Rate

CAGR of 6.90% from 2023 to 2031

Segmentation

By Security Type, By Offering, By Form, By Application, By Vehicle Type, By Region

Unit

USD Billion

By Security Type

  • Application Security
  • Network Security
  • Endpoint Security

 By Offering

  • hardware
  • Software

By Form

  • In Vehicles
  • External Cloud Services

By Application

  • ADAS & Safety System
  • Infotainment
  • Body Electronics
  • Powertrain
  • Telematics Others

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle
  • Electrical Vehicle

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

 

Regional Snapshots:

North America: North America is a significant player in the automotive cybersecurity market, with a strong presence and high adoption rate of cybersecurity solutions in the automotive industry. The region is home to several leading automotive manufacturers, technology companies, and cybersecurity firms, contributing to the growth and development of the automotive cybersecurity market.

Europe: Europe is a prominent region in the automotive cybersecurity market, known for its strong focus on vehicle safety, regulatory standards, and technological advancements. The region has a robust automotive industry and is home to several major automotive manufacturers, suppliers, and technology providers.

Asia-Pacific: The Asia-Pacific region is a rapidly growing market in the automotive cybersecurity industry, driven by the increasing adoption of connected vehicles, advancements in automotive technologies, and the expanding automotive market in countries such as China, Japan, and South Korea.

Middle East and Africa: The Middle East and Africa (MEA) region is an emerging market in the automotive cybersecurity industry. While the region may have relatively smaller market size compared to regions like North America and Europe, it is witnessing significant growth and development in terms of cybersecurity adoption in the automotive sector.

Global Automotive Cybersecurity Market Regional Analysis:

North America accounted for the highest xx% market share in terms of revenue in the Automotive Cybersecurity market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Automotive Cybersecurity. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Automotive Cybersecurity companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Automotive Cybersecurity Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Automotive Cybersecurity Market Report is also available for below Regions and Country Please Ask for that

North America

  • U.S.
  • Canada

Europe

  • Switzerland
  • Belgium
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Rest of Europe

Asia-Pacific

  • India
  • Australia
  • Philippines
  • Singapore
  • South Korea
  • Japan
  • China
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Argentina
  • Peru
  • Colombia
  • Brazil
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Points Covered in the Report:

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

To gain insightful analyses of the Automotive Cybersecurity market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the Automotive Cybersecurity market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the Automotive Cybersecurity market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of Automotive Cybersecurity Market:

  • Historic year: 2018- 2021
  • Base year: 2022
  • Forecast: 2023 to 2031
  • Representation of Market revenue in USD Million


Automotive Cybersecurity Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:

Frequently Asked Questions

  • PUBLISHED ON : June, 2022
  • BASE YEAR : 2022
  • STUDY PERIOD : 2020-2032
  • COMPANIES COVERED : 20
  • COUNTRIES COVERED : 25
  • NO OF PAGES : 200

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