Global Automotive Cyber Security Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Form;

In-Vehicle and External Cloud Services.

By Security;

Endpoint Security, Application Security and Wireless Network Security.

By Application;

Telematics Systems, Infotainment Systems, Powertrain Systems, Body Control & Comfort Systems, Communication Systems and ADAS & Safety Systems.

By Light-Duty Vehicle;

Passenger Vehicle and Commercial Vehicle.

By Electric Vehicle;

Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-In Hybrid Electric Vehicle (PHEV).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn124958148 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Automotive Cyber Security Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Cyber Security Market was valued at USD 3,730.08 million. The size of this market is expected to increase to USD 15,091.36 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 22.1%.

The rapid expansion of vehicle connectivity presents numerous opportunities for innovative features and business strategies in the automotive industry. However, it also brings about increased risks of cyber-attacks on automotive networks, which can result in financial losses and compromise vehicular safety and reliability. As technologies such as artificial intelligence, machine learning, private 5G, edge computing, and high-performance processing units are incorporated into vehicles, significant advancements have been made in autonomous driving capabilities. Edge computing, in particular, plays a crucial role in enabling autonomous electric vehicles (EVs) to process large amounts of data at the edge, reducing latency and enabling real-time decision-making.

Given the rising risk of cyber-attacks, it is imperative for automotive suppliers and manufacturers to prioritize vehicle cybersecurity and adhere to regulations such as those set forth by the National Highway Traffic Safety Administration (NHTSA). This involves setting internal procedures and policies to ensure that automotive systems are secure in anticipated real-world circumstances, including potential cybersecurity threats. The dynamic nature of the automotive cybersecurity environment necessitates frequent evolution and adaptation to address emerging threats and vulnerabilities.

Security experts are focusing on research and development to integrate defense mechanisms into EVs to counter the growing cyberattacks targeting vehicles. As self-driving software and hardware continue to advance, the integration of defense mechanisms becomes a crucial design element to safeguard vehicles and their advanced driver assistance systems (ADAS). Furthermore, the increasing connectivity of vehicles to the internet via cloud platforms presents additional cybersecurity challenges. With the installation of sensors and software in automobiles, connected vehicles gather vast amounts of data that can potentially be exploited by cybercriminals, highlighting the importance of robust cybersecurity measures to protect sensitive information and ensure user privacy.

In the post-pandemic era, the frequency and sophistication of cyberattacks have increased, driven by ongoing advancements in the smart mobility ecosystem. Financial and geopolitical concerns, as well as disruptions in supply chains, have introduced new attack avenues, prompting automotive and smart mobility players to ramp up their cybersecurity spending. As the automotive industry continues to evolve, cybersecurity will remain a critical focus area to mitigate risks and ensure the safety and security of connected vehicles and their passengers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Security
    3. Market Snapshot, By Application
    4. Market Snapshot, By Light-Duty Vehicle
    5. Market Snapshot, By Electric Vehicle
    6. Market Snapshot, By Region
  4. Global Automotive Cyber Security Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Connectivity and Digitalization in Vehicles
        2. Growing Adoption of Advanced Driver Assistance Systems (ADAS) and Connected Car Technologies
        3. Rise in Vehicle Hacking Incidents and Concerns About Data Privacy
        4. Electric vehicles more vulnerable to cyber attacks
      2. Restraints
        1. Lack of Standardization and Regulatory Frameworks
        2. Limited Awareness and Understanding of Cybersecurity Risks
        3. High Costs Associated with Implementation and Maintenance
        4. Complex ecosystem with multiple stakeholders
      3. Opportunities
        1. Increasing Adoption of Connected and Autonomous Vehicles
        2. Rising Concerns About Cyber Threats and Data Privacy
        3. Stringent Regulatory Requirements and Standards
        4. Advent of software-defined vehicles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Cyber Security Market, By Form, 2022 - 2032 (USD Million)
      1. In-Vehicle
      2. External Cloud Services
    2. Global Automotive Cyber Security Market, By Security, 2022 - 2032 (USD Million)
      1. Endpoint Security
      2. Application Security
      3. Wireless Network Security
    3. Global Automotive Cyber Security Market, By Application, 2022 - 2032 (USD Million)
      1. Telematics Systems
      2. Infotainment Systems
      3. Powertrain Systems
      4. Body Control & Comfort Systems
      5. Communication Systems
      6. ADAS & Safety Systems
    4. Global Automotive Cyber Security Market, By Light-Duty Vehicle, 2022 - 2032 (USD Million)
      1. Passenger Vehicle
      2. Commercial Vehicle
    5. Global Automotive Cyber Security Market, By Electric Vehicle, 2022 - 2032 (USD Million)
      1. Battery Electric Vehicle (BEV)
      2. Hybrid Electric Vehicle (HEV)
      3. Plug-In Hybrid Electric Vehicle (PHEV)
    6. Global Automotive Cyber Security Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Harman International
      2. Continental AG
      3. Robert Bosch GmbH
      4. Denso Corporation
      5. Aptiv
      6. Symantec Corporation
      7. NXP
      8. Honeywell International Inc.
      9. Trillium Secure Inc.
      10. Escrypt GmbH
      11. Vector Informatik GmbH
      12. Karamba Security
      13. Saferide Technologies Ltd
      14. Guardknox Cyber Technologies Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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