Automotive Cybersecurity Market Size, Share, Opportunities, And Trends By Service (In-Vehicle Service, External Cloud Service), By Offering (Software, Hardware), By Type (Endpoint, Wireless, Application), By Application (ADAS And Safety, Infotainment, Powertrain System, Body Control And Comfort, Communication Systems, Others), And By Geography - Forecasts From 2024 To 2029

  • Published : May 2024
  • Report Code : KSI061616893
  • Pages : 140

The automotive cybersecurity market is estimated to reach US$11.874 billion in 2029, with a CAGR of 21.79%, from US$2.987 billion in 2022.

Automotive cybersecurity refers to solution and assessment technologies that safeguard vehicles and linked systems against online threats. This process helps the vehicles be on the safety radar and provides enhanced protection to data and connected systems in the vehicles. Automotive cybersecurity helps in various ways by providing shields to vehicles. The benefits of this security are that it avoids unwanted access and manipulation of electronic systems, networks, and software incorporated in the vehicles.

The main motive of Automotive cybersecurity is to provide integrity and reliability of vehicle systems in connected car ecosystems with various devices, like the Internet.  In the present landscape, the automotive industry is transformed by utilizing various technologies in vehicles to provide enhanced customer satisfaction. These days, interconnectable technologies play a vital role in car manufacturing, where original equipment manufacturers are adopting more of it in the market. These factors, with technologies and vehicle manufacturing, drive the market for automotive cybersecurity. The growing prevalence of connectivity and automation, the intricacy of electronic systems, and the demand for advanced driving systems are driving the automotive cybersecurity market.

Automotive Cybersecurity Market Drivers

  • The growing prevalence of connectivity and automation drives the automotive cybersecurity market growth.

The increasing rate of technology integration in vehicles requires car makers to develop their cars more intelligently. However, this evolution also comes with risks. The tandem feature of modern car models is the trend to Internet of Things solutions like telematics, infotainment systems, self-driving, and anything that is data-provided and communication-friendly. As such, the rise of remote access increases susceptibility to a cyber attack.

Intruders could exploit the problems of ignorance about software to hack into the vehicles, which, in turn, causes harm to vehicles and others who are sharing the roads. Modern vehicles will safely secure drivers from long distances, and the exact security requirements can be attained only through advanced cyber measures. Implementing those actions will keep the consumer’s privacy high by preventing the abuse of highly sensitive data by the detriment-seeking parties.

  • Increasing intricacy in electronic systems propels the automotive cybersecurity market growth.

Today, more advanced automotive technology is implemented than what was available in the previous days. This is because the number of electronic control units (ECU), which are small computers, is growing very quickly. These ECUs manage pressing matters of the car- including the brakes, steering, engine, and the entertainment system. At the same time, improving the driving experience creates a potential information security threat.

A weakness in a single ECU is that its wired interfaces with other systems can give way to hackers. This may yield excessive braking or no control of the vehicle at all. Consequently, with cars becoming increasingly electronic, cybersecurity should be considered a top priority in all attempts to guarantee vehicle safety on the road. Both automakers and security experts are working together to develop countermeasures against cyberattacks, in accordance with which the security on the road may be ensured nowadays.

  • Increased demand for advanced driving systems (ADAS) boosts the automotive cybersecurity market growth.

The development of ADS, such as Automatic Emergency Braking and Lane Departure Warning, has transformed our driving ways. They use real-time sensors and vehicle computers to make critical decisions when the car moves. Nevertheless, human beings’ high degree of dependence on technology leaves us with a new vulnerability.

For example, the cybercriminal can fake the information exchange or sensor data resulting in system failure. What if the automatic evasion system happened not to be engaged because of a cyber attack? Hence, stringent cybersecurity measures are essential to maintain the credibility and authenticity of future ADAS systems. On the other hand, by backing up the system, we can allow ADAS to unleash its full potential and provide the driver with a secure and trusted driving experience.

Automotive Cybersecurity Market – Geographical Outlook

  • North America is anticipated to grow

North America is projected to account for a significant share of automotive cybersecurity due to various reasons. The region, like the United States, owns a well-organized automotive industry with innovative products being implemented on the road. Vehicle manufacturers in the regions are coordinating with innovative technologies like telematics, infotainment systems, and self-driving functions. These utilization of various technologies are vulnerable to vehicles on the road and require a quick cyber solution to tackle various cyber threats and automotive cybersecurity is one the best options these days to look into to initiate the implementation in vehicles for data safety and safe driving.

Furthermore, the government has strict automotive cybersecurity rules and regulations regarding safety and technological threats that impact vehicles while driving. The government regulations regarding cybersecurity measures were initiated to ensure road safety and security.

Automotive Cybersecurity Market Restraints

  • The growing transformation in cyber attack methods can curb the automotive cybersecurity market growth.

Technology is an evolving ecosystem where various methods and types can be initiated by cyber attackers to breach the system or manipulate the data. The automotive cybersecurity sector needs to enhance the rate of research and development to produce a product that can neutralize various innovative cyberattacks.

  • The old versions of systems used in vehicles can hinder the automotive cybersecurity market growth.

Various vehicles on the road today are installed with various old version systems that need to be upgraded with new security-measured systems. The process of changing the system is complex, and it's expensive to replace.

Key Developments

  • December 2023: LG and Cybellum collaborated and introduced cybersecurity management systems for auto manufacturers. The solution is capable of monitoring and maintaining vehicle cybersecurity. This cybersecurity platform enables cyber guarantee and quick response to the attacks for original equipment manufacturers which ensures overall cyber safety of the vehicle.
  • October 2023: TTTECH and Mobileye collaborated in a strategic partnership to secure a higher level of autonomy in autonomous vehicle technology. TTTech's software knowledge and Mobileye's vision architecture are the springboard for driving cars in the future. The final objective is to design systems that not only assure higher safety standards but also have more dependable functionality in the future.

Automotive Cybersecurity Market Players and Products

  • Solutions for Functional Safety: Vector Informatik delivers the overall perspective on functional safety for the development and operation of automotive systems according to the ISO 26262 standard. The scope of scientific services provided consists of consultancy, software delivery, which is safety-certified by MICROSAR Safe, and a range of tools like PREEvision for the design of safety-critical systems. The Vector Informatik company does its job by providing a comprehensive solution and assisting firms to develop functional automotive systems that conform to the highest safety standards.

Automotive Cybersecurity Market Scope:

 

Report Metric Details
Market Size Value in 2022 US$2.987 billion
Market Size Value in 2029 US$11.874 billion
Growth Rate CAGR of 21.79% from 2022 to 2029
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2023
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Billion
Segments Covered
  • Service
  • Offering
  • Type
  • Application
  • Geography
Companies Covered
  • Vector Informatik GmbH
  • NXP Semiconductors
  • HARMAN International
  • Broadcom
  • DENSO CORPORATION
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope Free report customization with purchase

 

The Automotive Cybersecurity market is segmented and analyzed as:

  • By Service
    • In-Vehicle Service
    • External Cloud Service
  • By Offering
    • Software
    • Hardware
  • By Type
    • Endpoint
    • Wireless
    • Application
  • By Application
    • ADAS and Safety
    • Infotainment
    • Powertrain System
    • Body Control and Comfort
    • Communication Systems
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. AUTOMOTIVE CYBERSECURITY MARKET BY SERVICE 

5.1. Introduction

5.2. In-Vehicle Service

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. External Cloud Service

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

6. AUTOMOTIVE CYBERSECURITY MARKET BY OFFERING 

6.1. Introduction

6.2. Software

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Hardware

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

7. AUTOMOTIVE CYBERSECURITY MARKET BY TYPE      

7.1. Introduction

7.2. Endpoint

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Wireless

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Application

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

8. AUTOMOTIVE CYBERSECURITY MARKET BY APPLICATION    

8.1. Introduction

8.2. ADAS and Safety

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.2.3. Geographic Lucrativeness

8.3. Infotainment

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

8.3.3. Geographic Lucrativeness

8.4. Powertrain System 

8.4.1. Market Trends and Opportunities

8.4.2. Growth Prospects

8.4.3. Geographic Lucrativeness

8.5. Body Control and Comfort 

8.5.1. Market Trends and Opportunities

8.5.2. Growth Prospects

8.5.3. Geographic Lucrativeness

8.6. Communication Systems

8.6.1. Market Trends and Opportunities

8.6.2. Growth Prospects

8.6.3. Geographic Lucrativeness

8.7. Others

8.7.1. Market Trends and Opportunities

8.7.2. Growth Prospects

8.7.3. Geographic Lucrativeness

9. AUTOMOTIVE CYBERSECURITY MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Service

9.2.2. By Offering

9.2.3. By Type 

9.2.4. By Application 

9.2.5. By Country

9.2.5.1. United States

9.2.5.1.1. Market Trends and Opportunities

9.2.5.1.2. Growth Prospects

9.2.5.2. Canada

9.2.5.2.1. Market Trends and Opportunities

9.2.5.2.2. Growth Prospects

9.2.5.3. Mexico

9.2.5.3.1. Market Trends and Opportunities

9.2.5.3.2. Growth Prospects

9.3. South America

9.3.1. By Service

9.3.2. By Offering

9.3.3. By Type 

9.3.4. By Application 

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.1.1.1. Market Trends and Opportunities

9.3.5.1.1.2. Growth Prospects

9.3.5.2. Argentina

9.3.5.2.1.1. Market Trends and Opportunities

9.3.5.2.1.2. Growth Prospects

9.3.5.3. Others

9.3.5.3.1.1. Market Trends and Opportunities

9.3.5.3.1.2. Growth Prospects

9.4. Europe

9.4.1. By Service

9.4.2. By Offering

9.4.3. By Type 

9.4.4. By Application 

9.4.5. By Country

9.4.5.1. United Kingdom

9.4.5.1.1. Market Trends and Opportunities

9.4.5.1.2. Growth Prospects

9.4.5.2. Germany

9.4.5.2.1. Market Trends and Opportunities

9.4.5.2.2. Growth Prospects

9.4.5.3. France

9.4.5.3.1. Market Trends and Opportunities

9.4.5.3.2. Growth Prospects

9.4.5.4. Italy

9.4.5.4.1. Market Trends and Opportunities

9.4.5.4.2. Growth Prospects

9.4.5.5. Spain

9.4.5.5.1. Market Trends and Opportunities

9.4.5.5.2. Growth Prospects

9.4.5.6. Others

9.4.5.6.1. Market Trends and Opportunities

9.4.5.6.2. Growth Prospects

9.5. Middle East and Africa

9.5.1. By Service

9.5.2. By Offering

9.5.3. By Type 

9.5.4. By Application 

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.1.1. Market Trends and Opportunities

9.5.5.1.2. Growth Prospects

9.5.5.2. UAE

9.5.5.2.1. Market Trends and Opportunities

9.5.5.2.2. Growth Prospects

9.5.5.3. Others

9.5.5.3.1. Market Trends and Opportunities

9.5.5.3.2. Growth Prospects

9.6. Asia Pacific

9.6.1. By Service

9.6.2. By Offering

9.6.3. By Type 

9.6.4. By Application 

9.6.5. By Country

9.6.5.1. Japan

9.6.5.1.1. Market Trends and Opportunities

9.6.5.1.2. Growth Prospects

9.6.5.2. China

9.6.5.2.1. Market Trends and Opportunities

9.6.5.2.2. Growth Prospects

9.6.5.3. India

9.6.5.3.1. Market Trends and Opportunities

9.6.5.3.2. Growth Prospects

9.6.5.4. South Korea

9.6.5.4.1. Market Trends and Opportunities

9.6.5.4.2. Growth Prospects

9.6.5.5. Taiwan

9.6.5.5.1. Market Trends and Opportunities

9.6.5.5.2. Growth Prospects

9.6.5.6. Thailand

9.6.5.6.1. Market Trends and Opportunities

9.6.5.6.2. Growth Prospects

9.6.5.7. Indonesia

9.6.5.7.1. Market Trends and Opportunities

9.6.5.7.2. Growth Prospects

9.6.5.8. Others

9.6.5.8.1. Market Trends and Opportunities

9.6.5.8.2. Growth Prospects

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Vector Informatik GmbH

11.2. NXP Semiconductors

11.3. HARMAN International

11.4. Broadcom

11.5. DENSO CORPORATION.

11.6. Honeywell International Inc.

11.7. GUARDKNOX

11.8. AT&T

11.9. Intel Corporation

11.10. Aptiv


Vector Informatik GmbH

NXP Semiconductors

HARMAN International

Broadcom

DENSO CORPORATION.

Honeywell International Inc.

GUARDKNOX

AT&T

Intel Corporation

Aptiv