USD 2.4 billion
Automotive Cyber Security Market Size, Share, Growth Analysis, By Offering(Software, Hardware), By Application Type(ADAS & Safety, Body Control & Comfort, Infotainment, Telematics), By Form Type(In-Vehicle, External Cloud Services), By Security Type(Application, Wireless Network, Endpoint), By Approach(Intrusion Detection System, Security Operations Centre), By Vehicle Type(Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicles), By Propulsion Type(ICE Vehicles, Electric Vehicles), By Vehicle Autonomy(Non-Autonomous Vehicles, Semi-Autonomous Vehicles, Autonomous Vehicles), By EV Application(ADAS & Safety, Body Control & Comfort, Infotainment, Telematics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45K2099 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
63
|Figures:
77
Automotive Cyber Security Market Insights
Global Automotive Cyber Security Market size was valued at USD 2.90 billion in 2022 and is poised to grow from USD 3.52 billion in 2023 to USD 16.39 billion by 2031, at a CAGR of 21.2% during the forecast period (2024-2031).
Security professionals are focusing their efforts on research and development to incorporate defence systems to thwart the expanding cyberattacks against EVs. As self-driving software and hardware characteristics progress in technology, integrating a defence mechanism becomes an essential design component. A cloud platform is used in common technologies to connect driverless cars to the internet. Vehicle network connectivity poses a risk. More automobiles connecting to networks increases the attack surface. There is an increase in the installation of sensors and software employed in autos in current settings. More than 150 sensing devices are installed all over connected cars, collecting data. Everything, including the user's driving patterns and the position of the vehicle, can be tracked using it.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Electrical Vehicle
Fastest Growth
Passenger Car
Growth Rate
21.2% CAGR
Global Automotive Cyber Security Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Cyber Security Market Segmental Analysis
Global automotive cyber security market is segmented based on offering, application type, form type, security type, approach, vehicle type, propulsion type, vehicle autonomy, ev application, and region. Based on offering, the market is segmented into software, and hardware. Based on application type, the market is segmented into ADAS & safety, body control & comfort, infotainment, telematics, powertrain systems, and communication systems. Based on form type, the market is segmented into in-vehicle, and external cloud services. Based on security type, the market is segmented into application, wireless network and endpoint. Based on approach, the market is segmented into intrusion detection system, and security operations centre. Based on vehicle type, market is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. Based on propulsion type, the market is segmented into ICE vehicles, and electric vehicles. Based on vehicle autonomy, the market is segmented into non-autonomous vehicles, semi-autonomous vehicles, and autonomous vehicles. Based on ev application, the market is segmented into ADAS & safety, body control & comfort, infotainment, telematics. BMS & powertrain systems, communication systems, and charging management. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Cyber Security Market Analysis by Offering
In the Automotive Cyber Security Market, the Software segment is expected to dominate during the forecast period. This dominance is attributed to the increasing penetration of connected vehicles and the rising adoption of Advanced Driver Assistance Systems (ADAS) features in vehicles. As more innovative features are integrated into vehicles, the demand for robust software solutions to ensure cybersecurity is expected to continue growing, reinforcing the software segment's leading position in the market.
Meanwhile, the Hardware segment is projected to be the fastest-growing segment during the forecast period. This rapid growth can be attributed to the increasing need for advanced hardware components to support and secure the growing complexity of automotive systems. As vehicles become more connected and autonomous, the demand for sophisticated hardware to provide enhanced security measures is expected to surge, driving the accelerated growth of the hardware segment.
Automotive Cyber Security Market Analysis by Security Type
With a 42.5% market share in 2022, wireless network security ruled the industry. The Wi-Fi-based wireless technology gives automotive professionals the ability to simultaneously monitor hundreds of data channels during test runs to track vehicle operational parameters and modify the test as it's being done. A modern vehicle includes numerous networks for information sharing, including wireless channels, to enable a variety of application scenarios. As the automotive industry expands, vehicles will enable more complicated wireless communication use cases; therefore, it will be crucial to think about building secured wireless technology based on a strong equipment foundation and software layers created to secure software development processes.
The application security market sector had a sizable revenue share of 34.6% in 2022. Mobile applications that provide a smooth user and owner interaction have increasingly been made available by auto OEMs in recent years. Among the many features offered by these programmers are the wireless automobile starting, fuel level monitoring, and sophisticated inspections. Additionally, a number of advantages for users of vehicles have been included into new mobile applications.
Global Automotive Cyber Security Market Size By Offering (%)
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Automotive Cyber Security Market Regional Insights
The majority of the market share for automotive cyber security comes from the Asia-Pacific region. Due to an upsurge in cyberattacks against the country, China has improved its defenses. The country stands a good probability of acting as a crucial hub for cyberattacks in other areas. A Chinese cyberspying group has been blamed for attacks on Microsoft's mail server software. Due to China's massive monitoring infrastructure, which is made possible by insufficient or even nonexistent encryption, a lot of data in China has been left open to manipulation and espionage.
North America is the largest shareholder in the global cyber security market, and it is anticipated that during the forecast period, it will expand at a CAGR of 8.40%. The main donor to this region is the United States. Healthcare cybersecurity crimes are on the rise in the US and remain a major national concern, which is motivating businesses to create solutions. There were 29,298,012 healthcare records breached, up 25% over the previous year, according to the Healthcare Data Breach Report and the Health Insurance Portability and Accountability Act. According to Reuters, the US government plans to adopt an executive order mandating that software suppliers notify the federal government in the event of a security breach to impose stricter regulations on cybersecurity breaches in organizations and government organizations.
Global Automotive Cyber Security Market Size By Geography
- Largest
- Fastest
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Automotive Cyber Security Market Dynamics
Automotive Cyber Security Market Drivers
Supportive Government Initiatives to Tackle Cyber Crimes will be Fruitful for Industry Growth
- The government created new rules and put them into effect as a direct response to these cyberthreats. As an illustration, the Department for Digital, Culture, Media and Sport (DCMS) in the United Kingdom released an annual report titled the "cybersecurity breaches survey" that contains verified data on the most common data breaches. The European Confederation of Directors Associations and the Internet Security Alliance (ISA) have worked together to create a handbook on cyber-risk management for European company boards of directors.
- Due to considerable device cost reductions and evolving business models, the IoT market penetration rates and the total number of linked devices, including connected consumer electronics, machines, metres, wearables, and cars, have expanded. Despite the prevalence of attacks on consumer IoT, the acceptance of cybersecurity in the business world is growing due to the possibility of disruption in the manufacturing and associated industries. The launch of 5G is also projected to speed up the uptake of connected devices in sectors already moving towards industrial revolution 4.0. Industrial Revolution 4.0 may now fully embrace cellular connectivity thanks to the Internet of Things (IoT). Connectivity between machines has also significantly contributed to the market's growth.
Automotive Cyber Security Market Restraints
Heavy Dependence on Traditional Authentication might pose as a Threat
- In order to identify and respond to cyberattacks, organisations must be well-prepared and have a variety of resources. The organisation may frequently need to completely halt operations for days to recover from a breach or attack. If there is inadequate planning and infrastructure, it may take a very long time to recover following a catastrophe. A lack of preparation and a disproportionate reliance on traditional identification methods plague the majority of enterprises in the Middle East, Asia-Pacific, and Latin America.
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Automotive Cyber Security Market Competitive Landscape
Manufacturing close to the customer in order to cut operational costs is one of the main business tactics used by manufacturers in the global cyber security market to benefit customers and build the automotive cyber security market sector. Some of the biggest advantages brought about by the development in cyber security systems in recent years have gone to the automotive industry.
Top Player’s Company Profiles in Automotive Cyber Security Market
- Continental AG (Germany)
- Aptiv PLC (Ireland)
- GuardKnox Cyber Technologies Ltd. (Israel)
- Karamba Security (Israel)
- Upstream Security Ltd. (Israel)
- Intel Corporation (United States)
- BlackBerry Limited (Canada)
- Cisco Systems, Inc. (United States)
- NXP Semiconductors N.V. (Netherlands)
- Trillium Secure, Inc. (United States)
- Fortinet, Inc. (United States)
- Trend Micro Incorporated (Japan)
- Saferide Technologies Ltd. (Israel)
- Vector Informatik GmbH (Germany)
- C2A Security Ltd. (Israel)
- Lear Corporation (United States)
- Bosch Limited (Germany)
- Tata Elxsi (India)
- Denso Corporation (Japan)
- SafeRide Technologies (Israel)
- Irdeto (Netherlands)
- Secunet Security Networks AG (Germany)
- Infineon Technologies AG (Germany)
- Panasonic Corporation (Japan)
Automotive Cyber Security Market Recent Developments
- In December 2023, Bosch unveiled its latest automotive security platform, SecureDrive, which integrates advanced encryption techniques and real-time threat detection to protect vehicle networks from cyber-attacks. SecureDrive is designed to be compatible with various automotive architectures and standards.
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In December 2023, Bosch unveiled its latest automotive security platform, SecureDrive, which integrates advanced encryption techniques and real-time threat detection to protect vehicle networks from cyber-attacks. SecureDrive is designed to be compatible with various automotive architectures and standards.
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In January 2023, The International Centre for Automotive Technology (ICAT), a certification body for vehicle safety and compliance, is to invest in a facility that will boost car cybersecurity knowledge.
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In September 2022, Harman International unveiled HARMAN Ready Care, a collection of solutions for cognitive distraction, stress-free routing, and personalized comfort to increase safety and lessen driver stress.
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In July 2022, Identity security pioneer CyberArk made many announcements at the CyberArk Impact 2022 conference that will advance cybersecurity innovation in the field of identity protection.
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In June 2022, Identity security pioneer CyberArk added new features to its Endpoint Privilege Manager that extend security to Linux platforms.
Automotive Cyber Security Key Market Trends
- Cybersecurity solutions are evolving to incorporate advanced technologies like machine learning, artificial intelligence (AI), and behavioural analytics for effective threat detection and prevention. These technologies enable the identification of anomalous behaviour and patterns, allowing proactive measures to mitigate potential cyber threats.
Automotive Cyber Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global automotive cybersecurity market has gained significant importance as vehicles become increasingly connected and autonomous. With the proliferation of advanced technologies in modern vehicles, ensuring the security and protection of automotive systems against cyber threats has become a critical concern for the automotive industry. The automotive cybersecurity market has experienced substantial growth in recent years and is expected to continue expanding. Factors driving market growth include the rising number of connected cars, the increasing adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles, and the growing awareness of cybersecurity threats in the automotive industry. The market is poised for expansion as stakeholders invest in advanced cybersecurity solutions to protect vehicles and ensure the safety of occupants and their data.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.90 billion |
| Market size value in 2031 | USD 16.39 billion |
| Growth Rate | 21.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Cyber Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Cyber Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Cyber Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Cyber Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Cyber Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Cyber Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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