Automotive Cybersecurity Market Forecasts to 2030 - Global Analysis By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Other Vehicle Types), Form Type (In-vehicle and External cloud services), Security Type (Application Security, Wireless Security and Other Security Types), Offering, Approach, Vehicle Autonomy, Application and By Geography
Estimated Year Value (2023)
US $2.5 BN
Projected Year Value (2030)
US $9.3 BN
CAGR (2023 - 2030)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Automotive Cybersecurity Market is accounted for $2.5 billion in 2023 and is expected to reach $9.3 billion by 2030 growing at a CAGR of 20.5% during the forecast period. Software called automotive cybersecurity protects against unauthorized access, damage, attacks, and other wrongdoing on users, data, internet-connected cars, and automotive communication systems. With the ability to connect to the internet, modern vehicles may now be more independent, communicate better, and share their mobility. Despite having a better connection, cars may now communicate data to both their manufacturers and users, making them more vulnerable to attacks.
According to the International Energy Agency, global sales of electrified vehicles surpassed 6.9 million units in 2021.
Electric vehicles more vulnerable to cyber attacks
EVs are equipped with complex electronic systems and interconnected software, making them susceptible to potential hacking attempts. As EV adoption grows, the risk of cyber threats targeting critical components, such as battery management systems and autonomous driving features, becomes more prominent. Automotive cybersecurity solutions are crucial in safeguarding EVs from unauthorized access and potential data breaches, ensuring the safety of drivers and passengers, and maintaining the trust of consumers in the reliability and security of electric vehicles.
High cost of automotive cybersecurity solutions
Integrating robust cybersecurity measures into vehicles requires significant investments in research, development, and implementation. Additionally, ensuring continuous updates and upgrades to keep up with evolving cyber threats adds to the overall cost. For automakers, cost-sensitive markets, and consumers, these expenses may be seen as a barrier to adoption. Striking a balance between cost-effective solutions and robust protection is crucial to encouraging widespread adoption of automotive cybersecurity and ensuring the safety and security of connected vehicles without significantly inflating the price of automobiles.
The advent of software-defined vehicles
As vehicles become more software-driven and connected, there is a greater need for advanced cybersecurity solutions to protect these complex systems. Software-defined vehicles enable over-the-air updates, remote diagnostics, and enhanced vehicle customization, but they also open new avenues for potential cyber threats. This creates a demand for cutting-edge cybersecurity technologies, including secure software development practices, continuous monitoring, and real-time threat detection. Companies focusing on providing comprehensive and adaptive cybersecurity solutions for software-defined vehicles can capitalize on this opportunity, ensuring the safety and security of future automotive technology.
Time lag in delivery of cybersecurity updates
With the rapid evolution of cyber threats, prompt delivery of security patches and updates is crucial to address vulnerabilities and protect connected vehicles. However, the automotive industry faces challenges in efficiently deploying updates across a diverse fleet of vehicles due to complex supply chains, regulatory requirements, and coordination with multiple stakeholders. Delays in delivering cybersecurity updates can leave vehicles exposed to potential attacks and compromise the safety of drivers and passengers. Overcoming these challenges and establishing efficient update mechanisms are essential to enhancing the cybersecurity resilience of the automotive sector.
The COVID-19 outbreak forced governments throughout the world to implement stringent lockdowns and mandate social seclusion in order to stop the virus's spread. The result was a sharp decline in demand for new cars. Additionally, the raw material supply was reduced, supply networks were disrupted internationally, and production rates in the car sector slowed down. The car industry's losses have made it harder for cutting-edge cybersecurity technology to be adopted. With the ongoing immunization, however, the automotive sector is anticipated to get back on track eventually, and the use of automotive cybersecurity solutions amid increased demand for connected automobiles is anticipated to rise over time.
The wireless security segment is expected to be the largest during the forecast period
The wireless security segment is expected to have a lucrative growth. Wireless security in the automotive cybersecurity market involves measures and technologies implemented to protect wireless communication systems in vehicles from cyber threats and attacks. As modern vehicles increasingly incorporate wireless technologies like Bluetooth, Wi-Fi, and cellular connectivity, the risk of potential cyber attacks also rises. To address this, automotive cybersecurity solutions focus on encryption, authentication, intrusion detection, and secure communication protocols to safeguard against unauthorized access and data breaches. These measures play a crucial role in ensuring the safety and reliability of connected vehicles, protecting both driver and passenger privacy, and preventing potential hacking attempts on critical automotive systems.
The electric vehicles segment is expected to have the highest CAGR during the forecast period
The electric vehicles segment is anticipated to witness the fastest CAGR growth during the forecast period. Concerns about EVs' advanced electronic systems being open to hacking and illegal access are developing as EV use rises. Automotive cybersecurity solutions for electric vehicles (EVs) include a variety of methods, including as encrypted communication protocols, real-time monitoring, and intrusion detection systems. These steps are essential for protecting crucial EV components including battery management systems and autonomous driving capabilities, as well as for guaranteeing the general security and dependability of the EV ecosystem.
Region with largest share:
It is anticipated that the Asia Pacific Automotive Cybersecurity market will remain in the majority of the market share throughout the projected period. The number of cyber attacks has been rising steadily across APAC. However, a lack of security measures and the rising popularity of work-from-home policies have led to a rapid increase in cyber attacks. The two most prevalent kinds of cyber attacks are malware and ransom ware assaults. Still, malware and ransom ware assaults are 1.6 times more common in APAC nations than elsewhere in the world. Since 2018, ransom ware assaults have increased in frequency around the globe. Cyber attacks on the auto sector have become more frequent as linked cars and digitization have grown.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, with the region's advanced automotive industry and high adoption of connected vehicles, the need for robust cybersecurity solutions is crucial. The North American market focuses on developing technologies to protect vehicles from cyber threats, ensuring the safety of drivers, passengers, and sensitive data. It involves the implementation of secure communication protocols, encryption, and intrusion detection systems to mitigate potential risks. Government regulations and industry standards further drive the growth of automotive cybersecurity in North America, fostering a competitive landscape to address emerging challenges in the connected automotive ecosystem.
Key players in the market
Some of the key players in Automotive Cybersecurity market include NXP Semiconductors N.V., Robert Bosch GmbH, Honeywell International, Inc., Harman International, Denso Corporation, Guard Knox Cyber-Technologies Ltd., Continental AG, Arilou Automotive Cybersecurity, Aptiv PLC, Karamba Security, SafeRide Technologies, Broadcom Inc., Vector Informatik GmbH, Sheelds and Upstream Security Ltd.
In February 2023, ETAS (a subsidiary of Robert Bosch GmbH) offered ESCRYPT CycurRISK, a software tool for threat analysis and risk assessment. It allows the automotive OEMs and suppliers to identify security vulnerabilities during vehicle development and reduce cyber risks systematically.
In January 2023, HL Mando Corporation collaborated with Argus Cyber Security. Through this collaboration, the Argus CAN Intrusion Detection Systems (IDS) solution was applied to HL Mando’s electrification system products, such as brakes and steering.
In October 2022, NTT Communications Corporation, along with DENSO Corporation (DENSO), was supposed to develop the security operation center technology for vehicles (VSOC1) to respond to the threat of increasingly sophisticated cyber-attacks against vehicles.
Vehicle Types Covered:
• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles
Form Types Covered:
• External Cloud Services
Security Types Covered:
• Application Security
• Wireless Security
• Endpoint Security
• Cloud Security
• Network Security
• Intrusion Detection System
• Security Operations Centre
Vehicle Autonomies Covered:
• Non-autonomous Vehicles
• Semi-autonomous Vehicles
• Autonomous Vehicles
• Advanced Driver Assistance Systems (ADAS) & Safety
• Body Control & Comfort
• Battery Management System (BMS) & Powertrain Systems
• Communication Systems
• Charging Management
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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- Company profiling with detailed strategies, financials, and recent developments
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Cybersecurity Market, By Vehicle Type
5.2 Passenger Vehicles
5.3 Light Commercial Vehicles
5.4 Heavy Commercial Vehicles
5.5 Electric Vehicles
6 Global Automotive Cybersecurity Market, By Form Type
6.3 External Cloud Services
7 Global Automotive Cybersecurity Market, By Security Type
7.2 Application Security
7.3 Wireless Security
7.4 Endpoint Security
7.5 Cloud Security
7.6 Network Security
8 Global Automotive Cybersecurity Market, By Offering
9 Global Automotive Cybersecurity Market, By Approach
9.2 Intrusion Detection System
9.3 Security Operations Centre
10 Global Automotive Cybersecurity Market, By Vehicle Autonomy
10.2 Non-Autonomous Vehicles
10.3 Semi-Autonomous Vehicles
10.4 Autonomous Vehicles
11 Global Automotive Cybersecurity Market, By Application
11.2 Advanced Driver Assistance Systems (ADAS) & Safety
11.3 Body Control & Comfort
11.6 Battery Management System (BMS) & Powertrain Systems
11.7 Communication Systems
11.8 Charging Management
12 Global Automotive Cybersecurity Market, By Geography
12.2 North America
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.5 Other Key Strategies
14 Company Profiling
14.1 NXP Semiconductors N.V.
14.2 Robert Bosch GmbH
14.3 Honeywell International, Inc.
14.4 Harman International
14.5 Denso Corporation
14.6 Guard Knox Cyber-Technologies Ltd.
14.7 Continental AG
14.8 Arilou Automotive Cybersecurity
14.9 Aptiv PLC
14.10 Karamba Security
14.11 SafeRide Technologies
14.12 Broadcom Inc.
14.13 Vector Informatik GmbH
14.15 Upstream Security Ltd.
List of Tables
1 Global Automotive Cybersecurity Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Cybersecurity Market Outlook, By Vehicle Type (2021-2030) ($MN)
3 Global Automotive Cybersecurity Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
4 Global Automotive Cybersecurity Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
5 Global Automotive Cybersecurity Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
6 Global Automotive Cybersecurity Market Outlook, By Electric Vehicles (2021-2030) ($MN)
7 Global Automotive Cybersecurity Market Outlook, By Form Type (2021-2030) ($MN)
8 Global Automotive Cybersecurity Market Outlook, By In-Vehicle (2021-2030) ($MN)
9 Global Automotive Cybersecurity Market Outlook, By External Cloud Services (2021-2030) ($MN)
10 Global Automotive Cybersecurity Market Outlook, By Security Type (2021-2030) ($MN)
11 Global Automotive Cybersecurity Market Outlook, By Application Security (2021-2030) ($MN)
12 Global Automotive Cybersecurity Market Outlook, By Wireless Security (2021-2030) ($MN)
13 Global Automotive Cybersecurity Market Outlook, By Endpoint Security (2021-2030) ($MN)
14 Global Automotive Cybersecurity Market Outlook, By Cloud Security (2021-2030) ($MN)
15 Global Automotive Cybersecurity Market Outlook, By Network Security (2021-2030) ($MN)
16 Global Automotive Cybersecurity Market Outlook, By Offering (2021-2030) ($MN)
17 Global Automotive Cybersecurity Market Outlook, By Software (2021-2030) ($MN)
18 Global Automotive Cybersecurity Market Outlook, By Hardware (2021-2030) ($MN)
19 Global Automotive Cybersecurity Market Outlook, By Approach (2021-2030) ($MN)
20 Global Automotive Cybersecurity Market Outlook, By Intrusion Detection System (2021-2030) ($MN)
21 Global Automotive Cybersecurity Market Outlook, By Security Operations Centre (2021-2030) ($MN)
22 Global Automotive Cybersecurity Market Outlook, By Vehicle Autonomy (2021-2030) ($MN)
23 Global Automotive Cybersecurity Market Outlook, By Non-Autonomous Vehicles (2021-2030) ($MN)
24 Global Automotive Cybersecurity Market Outlook, By Semi-Autonomous Vehicles (2021-2030) ($MN)
25 Global Automotive Cybersecurity Market Outlook, By Autonomous Vehicles (2021-2030) ($MN)
26 Global Automotive Cybersecurity Market Outlook, By Application (2021-2030) ($MN)
27 Global Automotive Cybersecurity Market Outlook, By Advanced Driver Assistance Systems (ADAS) & Safety (2021-2030) ($MN)
28 Global Automotive Cybersecurity Market Outlook, By Body Control & Comfort (2021-2030) ($MN)
29 Global Automotive Cybersecurity Market Outlook, By Infotainment (2021-2030) ($MN)
30 Global Automotive Cybersecurity Market Outlook, By Telematics (2021-2030) ($MN)
31 Global Automotive Cybersecurity Market Outlook, By Battery Management System (BMS) & Powertrain Systems (2021-2030) ($MN)
32 Global Automotive Cybersecurity Market Outlook, By Communication Systems (2021-2030) ($MN)
33 Global Automotive Cybersecurity Market Outlook, By Charging Management (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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