Market Overview: Automotive Cybersecurity Market FY2024-2030
This reports provides an essential and dependable overview of the Automotive Cybersecurity Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Automotive Cybersecurity Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 19.5% (2024-2030)
The Global Automotive Cybersecurity Market size was valued at USD 3.4 billion in 2023 and is projected to reach USD 12.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 19.5% during the forecast period, i.e., 2024-30.
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Automotive Cybersecurity Market Trend:
Improving Adoption of Autonomous Vehicles Worldwide – Recently, the adoption across the globe regarding autonomous vehicles, especially in North American & European countries, has emerged as a market trend. This has been mainly driven by the introduction of Advanced Driver-Assistance Systems (ADAS), which has been further smoothening the experience of autonomous driving for consumers. Hence, as the adoption of autonomous vehicles amplified the demand for cybersecurity solutions in these vehicles increased. Further, as autonomous vehicles are installed with technologies like IoT, sensors, GPS, Lasers, adaptive cruise control software, etc., the need for protection of generated data amplifies, as all the software solutions generate their specific data.
In addition, observing this significant inclination toward autonomous vehicles, automakers like Ford, Tesla, GM, etc., are also focussing on expanding their vehicle portfolio to include autonomous vehicles, to cater to this rising market demand. For instance:
- In 2023, General Motors has announced a Memorandum of Understanding (MoU) with Cruise & Honda, to establish a Joint Venture in Japan. The purpose of this venture would be to launch a driverless ride-hail service by the year 2026, in Japan.
Hence, as the adoption of autonomous vehicles would enhance for commercial purposes as well, the demand for cybersecurity solutions would also escalate, for the protection of automotive software.
Automotive Cybersecurity Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Automotive Cybersecurity Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Automotive Cybersecurity Market segmentation is enlisted below:
By Offering
- Hardware - Market Size & Forecast 2019-2030F, USD Million
- Software - Market Size & Forecast 2019-2030F, USD Million
By Vehicle Type
- Passenger Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Light Commercial Vehicle (LCV) - Market Size & Forecast 2019-2030F, USD Million
- Medium & Heavy Commercial Vehicles (MHCV) - Market Size & Forecast 2019-2030F, USD Million
By Propulsion
- ICE Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Electric Vehicles - Market Size & Forecast 2019-2030F, USD Million
By Vehicle Autonomy
- Non-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Semi-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million
- Autonomous (Driverless) Vehicles - Market Size & Forecast 2019-2030F, USD Million
By Deployment Type
- Embedded - Market Size & Forecast 2019-2030F, USD Million
- Integrated (Cloud-based) - Market Size & Forecast 2019-2030F, USD Million
By Application
- Body Control & Comfort - Market Size & Forecast 2019-2030F, USD Million
- ADAS & Safety Systems - Market Size & Forecast 2019-2030F, USD Million
- Telematics System - Market Size & Forecast 2019-2030F, USD Million
- Infotainment System - Market Size & Forecast 2019-2030F, USD Million
- Powertrain System - Market Size & Forecast 2019-2030F, USD Million
- Other (On-board Diagnostics, Operational Data, etc.) - Market Size & Forecast 2019-2030F, USD Million
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By Security
- Application Security - Market Size & Forecast 2019-2030F, USD Million
- Wireless Network Security - Market Size & Forecast 2019-2030F, USD Million
- Endpoint Security - Market Size & Forecast 2019-2030F, USD Million
- Others (Network Security, Cloud Security, etc.) - Market Size & Forecast 2019-2030F, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Automotive Cybersecurity Market Competitive Landscape
Infineon Technologies AG, Continental AG (Argus Cyber Security), Robert Bosch GmbH (ESCRYPT GmbH), Garrett Motion Inc., Intel Corporation,, Aptiv Plc., C2A Security, Harman International, Industries, Inc., Denso Corporation, Honeywell International Inc., SBD Automotive, NNG Software Developing and Commercial Llc., Karamba Security, Vector Informatik GmbH, and others.
Automotive Cybersecurity Industry News:
- 2024: Infineon Technologies AG announced its recent collaboration with ETAS, an automotive software company. Through this collaboration, the company has integrated the ESCRYPT CycurHSM 3.x Automotive Security Software Stack into its AURIX™ TC4X Cybersecurity Real-time Module (CSRM) to enhance security levels, performance, and functionality.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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