The global automotive cybersecurity market size was nearly US$2 Bn in 2022 and will most likely witness robust expansion in future.

Market Analysis in Brief

After witnessing a steady growth trail over the past decade, automotive industry saw the average growth rate plummeting over the past couple of years. While this is attributable to cyclical demand fluctuations, coupled with proliferation of shared mobility business models, the expected transition to comply with new emission norms, and the rise of long-awaited vehicle electrification, the growth trajectory was upbeat between 3% and 4% during 2013 – 2017. The upsurge of connected, autonomous, shared, and electric vehicles is revolutionizing the automotive industry for its route to the future of mobility. This will be the prime force driving the growth of automotive cybersecurity worldwide.

Key Report Findings

Shooting EV sales will bode well for automotive cybersecurity Industry
Market gains largely as connected technology firms up wordwide
Growing prominence of ADAS will boost automotive cybersecurity market revenue
North America’s automotive cybersecurity space leads globally
Continental, Harman, Karamba Security, Vector, NXP, and Cisco Systems, Inc. represent the top industry players

The Rise of Connected Vehicle Technology

Connected vehicles particularly are expected to take over all the innovations in mobility in long term, which points to the critical significance of vehicle vulnerability and security to be emphasized. Growing threat of malicious cyber-attacks on advanced technology automobiles and automotive accessories drives demand for automotive cybersecurity. The global market for automotive cybersecurity will progress impressively in long-term future.

Massive Investments Automakers in Security

Automakers are investing efforts in securing vulnerable technologies by integration of cyber-secure software and hardware. However, the advent and commercialization of autonomous vehicles are likely to be prone to volumes of cyber-attacks, thereby pushing the need for cybersecurity. Increasing demand for connected vehicles, sufficing the needs of safety, comfort, and security brings with it an equally growing threat of cyber-attacks. This would remain the key push factor fuelling automotive cybersecurity market.

Newer Technological Headways

Leading automakers such as Daimler AG corroborated with Uber for self-driving vehicle technology. Similarly, investments by top technology innovators such as Tesla Motors are also expected to be on the rise, which would deliver seamless driving experience. Self-driven vehicles will further mark a major milestone of industry. Such technological headways are predicted to lay down the cyber-security policies for all industry operators, thereby paving the way for the growth of automotive cybersecurity market.

Supportive Governments, and Industry Authorities

The SPY Car Act of 2015 first established the cybersecurity standards with an intend to ensure vehicle owners’ protection from both security and privacy threats. Such initiatives from government or allied authorities will play an important role in propelling demand for automotive cybersecurity measures, in turn driving the progress of automotive cybersecurity Trend. Moreover, rising interest of governments in development of smart cities, and intelligent transport systems (ITS) would further supplement the demand for connected vehicles, thus vouching for the need for automotive cybersecurity.

To collaborate with several stakeholders on cybersecurity, Japanese Automobile Manufacturers Association (JAMA) had launched a cybersecurity group that was designated under Electronic Information Exchange Committee, which involved WP.29. Japanese automakers having a market share in the US joined the US Automotive Information Sharing and Analysis Center (Auto-ISAC) to share the insights related to different types of cyber-attacks with their US counterparts. Similarly, South Korea followed UNECE WP.29 regulations.

Growth Opportunities

New Doors of Opportunity Open with Abatement of Pandemic

The global COVID-19 pandemic imposed a complex demand-supply constraint facing industry participants in addition to creating the basic sustainability issues for businesses in automotive domain. With the situation subsiding gradually and industry getting its hold back, new opportunities are likely spring up in the automotive cybersecurity market.

The market for automotive cybersecurity is expected to witness new innovation strategies coming up along with some new and renewed partnerships. This would provide a much-needed thrust to the system all over again. Growing mobility preference for private vehicles is predicted to be among the key factors directing changes in vehicle sales patterns as well as advanced technology niches such as automotive cybersecurity.

Overview of Key Segments

ADAS to Spearhead as Passenger Vehicles Raise Demand

Autonomous driving, connected vehicles, electrification, and shared mobility – popularly the ACES are recently presenting new dimensions to automotive industry. Increasing digitization of automobiles also makes them more of a tempting target for potential cyber-attacks, hacking, information theft, and more. Advanced driver assist systems (ADAS) has been making its presence felt among luxury and premium vehicle categories.

Electric vehicles are also equipped with basic ADAS functionalities. For better operation and efficiency, ADAS and safety systems consistently interact with the chipsets and electronic control units, either locally or on cloud. Hence, these systems become very critical in vehicle operations and passenger safety. To secure these systems from cyber-attacks, more demand for automotive cybersecurity measures will be observed in the near future, which will push automotive cybersecurity share up.

Growth Opportunities Across Regions

North America Leads, Asia Pacific Lucrative

North America is currently in the vanguard of demand for automotive cybersecurity owing to supportive government regulations framed to tackle cyber-attacks rising at an alarming rate. Advent of the connected vehicle eco-system is on account of the convergence of the ICT and automotive industry in North America. Growing vehicle production, increasing vehicle safety norms, penetration of connected vehicle systems, supplemented by burgeoning sales of luxury and premium vehicles are some of the factors attributing towards market growth.

Asia Pacific’s automotive cybersecurity market however is expected to showcase excellent growth potential for the development of new markets. This can be attributable to optimistic growth prospects of connected vehicles in the region. Wireless network-oriented vehicles in the Asian countries are predicted to be explicitly centric towards advanced technologies, thereby fuelling the market growth in future.

Competition Landscape Analysis – Automotive Cybersecurity Market

Increased connectivity features in new-age vehicles are posing a greater threat which in turn is attracting new entrants to market, with multiple lucrative opportunities to serve automakers. Intensifying competition between key players and new entrants is transforming into a stiffer competition scenario. It is highly likely that most of the automakers would procure cybersecurity solutions from suppliers, which are then integrated on vehicle hardware. However, the lack of robust in-house capabilities of a majority of automakers either at the plant or technical centres will possibly lead to severe vulnerabilities during the lag time.

The global market for automotive cybersecurity landscape is a diverse ecosystem that comprises multiple stakeholders such as eminent automakers, hardware manufacturers, and security software suppliers. The market has witnessed significant investments from venture capitalists towards cybersecurity providers. Product innovation emphasizing accuracy remains the focal area of automotive cybersecurity suppliers. Some of the leading companies are working on how to provide security updates and system related issue resolutions within stipulated timelines, which is likely to offer them a competitive edge.

Leading Players

Some of the key players driving the competition landscape of automotive cybersecurity market include Continental, Karamba Security, Harman, Escrypt, Vector, NXP, Cisco Systems, Inc., Argus Cyber Security Ltd., and BT Security.

Global Automotive Cybersecurity Market is Segmented as Below-

By Security Type

Endpoint
Application
Wireless Network

By Vehicle Type

Passenger Car
Commercial Vehicle
Electrical Vehicle

By Application

ADAS & Safety System
Infotainment
Body Electronics
Powertrain
Telematics

By Service

In-Vehicle Services
External Cloud Services

By region

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

1. Executive Summary
1.1. Global Automotive Cybersecurity Market Snapshot
  1.2. Key Market Trends
  1.3. Future Projections
  1.4. Analyst Recommendations

2. Market Overview
  2.1. Market Definitions and Segmentations
  2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver 1
  2.2.1.2. Driver 2
2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
  2.3. Value Chain Analysis
  2.4. Porter’s Five Forces Analysis
  2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid Scenario
2.5.2. Expected Recovery Scenario
  2.6. Economic Analysis
  2.7. Rising Cyber Threat Landscape
  2.8. Development Trends: Connected Car Technology
  2.9. Government Regulations
  2.10. PESTEL Analysis

3. Global Automotive Cybersecurity Market Outlook, 2019 - 2030
  3.1. Global Automotive Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
3.1.1. Key Highlights
  3.1.1.1. Hardware
  3.1.1.2. Software
  3.1.1.3. Services
  3.2. Global Automotive Cybersecurity Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
3.2.1. Key Highlights
  3.2.1.1. Telematics
  3.2.1.2. ADAS & Safety Systems
  3.2.1.3. Infotainment Systems
  3.2.1.4. Body Control Systems
  3.2.1.5. Powertrain Systems
  3.2.1.6. Misc.
  3.3. Global Automotive Cybersecurity Market Outlook, by Vehicle Type, Value (US$ Mn), 2019 - 2030
3.3.1. Key Highlights
  3.3.1.1. Passenger Cars
  3.3.1.2. Commercial Vehicles
  3.3.1.3. Electric Vehicles
  3.4. Global Automotive Cybersecurity Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
3.4.1. Key Highlights
  3.4.1.1. North America
  3.4.1.2. Europe
  3.4.1.3. Asia Pacific
  3.4.1.4. Latin America
  3.4.1.5. Middle East & Africa
3.4.2. BPS Analysis/Market Attractiveness Analysis

4. North America Automotive Cybersecurity Market Outlook, 2019 - 2030
  4.1. North America Automotive Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
4.1.1. Key Highlights
  4.1.1.1. Hardware
  4.1.1.2. Software
  4.1.1.3. Services
  4.2. North America Automotive Cybersecurity Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
4.2.1. Key Highlights
  4.2.1.1. Telematics
  4.2.1.2. ADAS & Safety Systems
  4.2.1.3. Infotainment Systems
  4.2.1.4. Body Control Systems
  4.2.1.5. Powertrain Systems
  4.2.1.6. Misc.
  4.3. North America Automotive Cybersecurity Market Outlook, by Vehicle Type, Value (US$ Mn), 2019 - 2030
4.3.1. Key Highlights
  4.3.1.1. Passenger Cars
  4.3.1.2. Commercial Vehicles
  4.3.1.3. Electric Vehicles
  4.4. North America Automotive Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
4.4.1. Key Highlights
  4.4.1.1. U.S.
  4.4.1.2. Canada
4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Automotive Cybersecurity Market Outlook, 2019 - 2030
  5.1. Europe Automotive Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
  5.1.1.1. Hardware
  5.1.1.2. Software
  5.1.1.3. Services
  5.2. Europe Automotive Cybersecurity Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
  5.2.1.1. Telematics
  5.2.1.2. ADAS & Safety Systems
  5.2.1.3. Infotainment Systems
  5.2.1.4. Body Control Systems
  5.2.1.5. Powertrain Systems
  5.2.1.6. Misc.
  5.3. Europe Automotive Cybersecurity Market Outlook, by Vehicle Type, Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
  5.3.1.1. Passenger Cars
  5.3.1.2. Commercial Vehicles
  5.3.1.3. Electric Vehicles
  5.4. Europe Automotive Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
5.4.1. Key Highlights
  5.4.1.1. Germany
  5.4.1.2. France
  5.4.1.3. U.K.
  5.4.1.4. Italy
  5.4.1.5. Spain
  5.4.1.6. Turkey
  5.4.1.7. Russia
  5.4.1.8. Rest of Europe
5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Automotive Cybersecurity Market Outlook, 2019 - 2030
  6.1. Asia Pacific Automotive Cybersecurity Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
  6.1.1.1. Hardware
  6.1.1.2. Software
  6.1.1.3. Services
  6.2. Asia Pacific Automotive Cybersecurity Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
  6.2.1.1. Telematics
  6.2.1.2. ADAS & Safety Systems
  6.2.1.3. Infotainment Systems
  6.2.1.4. Body Control Systems
  6.2.1.5. Powertrain Systems
  6.2.1.6. Misc.
  6.3. Asia Pacific Automotive Cybersecurity Market Outlook, by Vehicle Type, Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
  6.3.1.1. Passenger Cars
  6.3.1.2. Commercial Vehicles
  6.3.1.3. Electric Vehicles
  6.4. Asia Pacific Automotive Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
6.4.1. Key Highlights
  6.4.1.1. China
  6.4.1.2. Japan
  6.4.1.3. South Korea
  6.4.1.4. India
  6.4.1.5. Southeast Asia
  6.4.1.6. Rest of Asia Pacific
6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Automotive Cybersecurity Market Outlook, 2019 - 2030
  7.1. Latin America Automotive Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
  7.1.1.1. Hardware
  7.1.1.2. Software
  7.1.1.3. Services
  7.2. Latin America Automotive Cybersecurity Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
  7.2.1.1. Telematics
  7.2.1.2. ADAS & Safety Systems
  7.2.1.3. Infotainment Systems
  7.2.1.4. Body Control Systems
  7.2.1.5. Powertrain Systems
  7.2.1.6. Misc.
  7.3. Latin America Automotive Cybersecurity Market Outlook, by Vehicle Type, Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
  7.3.1.1. Passenger Cars
  7.3.1.2. Commercial Vehicles
  7.3.1.3. Electric Vehicles
  7.4. Latin America Automotive Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
7.4.1. Key Highlights
  7.4.1.1. Brazil
  7.4.1.2. Mexico
  7.4.1.3. Rest of Latin America
7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Automotive Cybersecurity Market Outlook, 2019 - 2030
  8.1. Middle East & Africa Automotive Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
  8.1.1.1. Hardware
  8.1.1.2. Software
  8.1.1.3. Services
  8.2. Middle East & Africa Automotive Cybersecurity Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
  8.2.1.1. Telematics
  8.2.1.2. ADAS & Safety Systems
  8.2.1.3. Infotainment Systems
  8.2.1.4. Body Control Systems
  8.2.1.5. Powertrain Systems
  8.2.1.6. Misc.
  8.3. Middle East & Africa Automotive Cybersecurity Market Outlook, by Vehicle Type, Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
  8.3.1.1. Passenger Cars
  8.3.1.2. Commercial Vehicles
  8.3.1.3. Electric Vehicles
  8.4. Middle East & Africa Automotive Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
8.4.1. Key Highlights
  8.4.1.1. GCC
  8.4.1.2. South Africa
  8.4.1.3. Egypt
  8.4.1.4. Rest of Middle East & Africa
8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
  9.1. Company Market Share Analysis, 2021
  9.2. New Developments
  9.3. Market Structure
  9.4. Company Profiles
9.4.1. Argus Cybersecurity (Continental)
  9.4.1.1. Company Overview
  9.4.1.2. Product Portfolio
  9.4.1.3. Financial Overview
  9.4.1.4. Business Strategies and Development
9.4.2. Vector Informatik GmbH
9.4.3. Karamba Security
9.4.4. Synopsys
9.4.5. Upstream Security
9.4.6. Guardknox Cyber Technologies Ltd.
9.4.7. Sectigo Limited
9.4.8. Harman International
9.4.9. Trillium Secure Inc.
9.4.10. STMicroelectronics
9.4.11. Infineon Technologies AG
9.4.12. Bosch Mobility Solutions
9.4.13. Microchip Technology
9.4.14. Aptiv Plc
9.4.15. Irdeto

10. Appendix
  10.1. Research Methodology
  10.2. Report Assumptions
  10.3. Acronyms and Abbreviations

BASE YEAR		HISTORICAL DATA		FORECAST PERIOD		UNITS
	2022		2018 - 2022		2023 - 2030	Value: US$ Million

REPORT FEATURES	DETAILS
Component Coverage	Hardware Software Services
Application Coverage	Telematics ADAS & Safety Systems Infotainment Systems Body Control Systems Powertrain Systems Misc.
Vehicle Type Coverage	Passenger Cars Commercial Vehicles Electric Vehicles
Geographical Coverage	North America U.S. Canada Europe Germany France U.K. Italy Spain Russia Rest of Europe Asia Pacific China Japan South Korea India Southeast Asia Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East & Africa GCC South Africa Rest of Middle East & Africa
Leading Companies	Argus Cyber Security (Continental) Vector Informatik GmbH Karamba Security Synopsys Upstream Security Guardknox Cyber Technologies Ltd. Sectigo Limited Harman International Trillium Secure Inc. STMicroelectronics Infineon Technologies AG Bosch Mobility Solutions Microchip Technology Aptiv Plc Irdeto
Report Highlights	Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Component-, Application-, Vehicle Type-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Market Trends

Automotive Cybersecurity Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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