Automotive Cybersecurity Market to cross USD 2 Bn by 2030, Says Global Market Insights Inc.


The automotive cybersecurity market is expected to record a valuation of USD 2 billion by 2030, as reported in a research study by Global Market Insights Inc. Rising concerns toward reducing the environmental impact coupled with the increasing focus on improving consumer safety and mobility may drive the industry expansion. The recent advancements in the automobile sector have fostered the adoption of crash avoidance technologies that play a critical role in minimizing crash injury risk and offering enhanced pedestrian protection.

The inclusion of big data may emerge as a prominent growth restraining factor for automotive cybersecurity market. The integration of IoT and ICT in vehicle manufacturing has led to an exponential rise in real-time data whose maintenance may lead to data loss and increase the risk of cyberattacks.

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The cloud security segment is predicted to observe above 27% growth rate through 2030. The growth could be attributed to the increasing deployment of cloud-based applications in the light of the COVID -19 pandemic and the emerging automation and digitization trends in the automobile sector.Cloud-connected vehicles and cloud-based services have witnessed an unprecedented rise in recent years due to their capability to offer real-time intelligence and updates.

The commercial vehicle segment is poised to witness at a CAGR of over 24.3% during 2022 to 2030.The increasing demand for commercial cargos and fleets during the course of the pandemic supported the segment expansion. The growing utilization of these vehicles triggered the need for significant advancements in vehicle technologies.

The automotive cybersecurity market size from the telematics application valued at nearly USD 80.9 million in 2021 and is set to register further progression in the coming years as well. Telematics solutions incorporate advanced capabilities such as prompt roadside assistance during vehicle breakdowns or accidents, real-time traffic updates, insurance telematics, automatic toll collection, and smart routing & tracking. These capabilities make them an essential part of connected vehicles. With the sales of connected vehicles observing an upward trend, the telematics application is likely to depict considerable growth through 2030.

The Europe automotive cybersecurity market is estimated to attain 19.8% gains between 2021 and 2030. Europe is an emerging hub for connected car technologies owing to the presence of some of the leading automobile manufacturers in the region. Automotive giants such as BMW, Bosch, Volkswagen, Renault, and Daimler have manufacturing facilities across Europe, which will help the regional industry gain a competitive share in the market.Besides, increasing autonomous vehicle sales due to improving living standards will further support regional growth.

The competitive landscape of the automotive cybersecurity market includes players such as Argus Cyber Security Ltd, Arilou Technologies Ltd, AT&T Inc., Audi AG, Bayerische Motoren Werke (BMW) AG, BT Group (BT Security), Capio, Inc., Cisco Systems, Inc., Cognata, Continental AG, Daimler AG, Ford Motor Company, General Motors, Honda Motor Company Ltd, Hyundai Motor Company, Intel Corporation, Karamba Security, Lear Corporation, Nebula Systems, Ltd, Nissan Motor Corporation, Symantec Corporation, Tesla Inc., TriLumina Corporation, Volkswagen AG and Volvo Group. These companies are mainly involved in new product developments and product range expansion to strengthen their position.

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Partial chapters of report table of contents (TOC):

Chapter 2 Executive Summary

2.1  Automotive cybersecurity market 360º synopsis, 2018 – 2030

2.2  Business trends

2.3  Regional trends

2.4  Security trends

2.5  Type trends

2.6  Application trends

Chapter 3 Automotive Cybersecurity Industry Insights

3.1  Introduction

3.2  Impact of COVID-19 outbreak

3.3  Impact of the Russia Ukraine war

3.4  Industry evolution

3.5  Industry architecture

3.6  Automotive Cybersecurity industry ecosystem analysis

3.7  Cybersecurity life cycle for vehicle protection

3.8  Types of automotive cyberattacks

3.9  Connected cars

3.10  Technology & innovation landscape

3.11  Regulatory landscape

3.12  Patent analysis

3.13  Investment portfolio

3.14  Industry impact forces

3.14.1  Growth drivers

3.14.2  Industry pitfalls & challenges

3.15  Growth potential analysis

3.16  Porter’s analysis

3.17  PESTEL analysis


Automotive Cybersecurity Market worth $5.3 billion by 2026 – Exclusive Report by MarketsandMarkets™


According to the new market research report Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Offering (Hardware & Software), Security, Application Type, Vehicle Type, Propulsion, Vehicle Autonomy, Approach, EV Application, and Region – Global Forecast to 2026″, published by MarketsandMarkets™the global Automotive Cybersecurity Market size is projected to grow from USD 2.0 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 21.3%.

Increasing sales of connected vehicles and semi-autonomous vehicles led to increasing use of electronic component for a vehicle. This increased the complexity of vehicle E/E architecture and software coding thus a vehicle is now becoming more vulnerable against a cyber-attack. Thereby, to safeguard the vehicles from such kind of attack the demand for automotive cybersecurity solutions increased at a rapid pace globally. Moreover, the recent launch of UNECE WP.29 regulation and “Auto Data” regulation are further expected to accelerate the markets growth momentum in the coming years globally.

Browse in-depth TOC on “Automotive Cybersecurity Market”

253 – Tables
102 – Figures  
369 – Pages

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Passenger vehicle segment is expected to dominate the global Automotive Cybersecurity Market

The passenger vehicles segment is expected to lead the Automotive Cybersecurity Market during the forecast period, owing to the demand for connected vehicle services and growing sales of mid-luxury and luxury vehicles. The electrical/electronic (E/E) architecture of passenger vehicles is more complex and critical than that of LCVs and HCVs. Passenger vehicles are equipped with a considerable number of ECUs and are more prone to cyberattacks compared with the other two categories of vehicles. The key factor driving the passenger vehicles segment is the increasing adoption of V2X technologies due to the growing concerns over traffic, safety, and pollution levels. There are several passenger cars equipped with V2X available in the market, such as Audi A4 and Cadillac CTS. Moreover, the increasing adoption of ADAS features in passenger cars is also another major factor creating the need for cybersecurity solutions globally.

Endpoint security is expected to be the fastest-growing security type in global Automotive Cybersecurity Market.

The endpoint security segment is expected to witness the fastest growth in Europe and Asia Pacific during the forecast period. This growth can be attributed to the increased use of mirror link apps in these regions. Increasing safety and security concerns in these regions are also likely to propel the demand for endpoint security solutions. Presently, new vehicles contain approximately 100 million lines of code and are deployed with complex software by automobile manufacturers. To maintain the safety as well as security of a vehicle’s entire code base, OEMs are opting for endpoint security solutions. Moreover, the trend of a mobile workforce, BYOD, social media, and cloud synchronizing tools is expected to influence the expenditure on endpoint security solutions.

Software segment is expected to dominate the global Automotive Cybersecurity Market.

In terms of market share in the global automotive cybersecurity industry, the hardware to software ratio per vehicle is around 20:80. This is expected to change over the years with variations in hardware prices. Cybersecurity software inside the vehicle requires the implementation of a few security functionalities such as secure protocols, identity and access management, intrusion detection, and abstraction layers for crypto functions. These functionalities are then used by the functional ECUs to secure communications and avoid the creation of backdoors. Therefore, the software segment is expected to hold the largest share in Automotive Cybersecurity Market during the forecast period globally.

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Asia Pacific is expected to be the largest market during the forecast period

Asia Pacific is estimated to account for the largest market share in 2021, followed by Europe and North America. The rising awareness of active and passive safety features among people and increasing sales of mid-sized and luxury vehicles are the key factors driving the Automotive Cybersecurity Market in Asia Pacific. Several OEMs have shifted their automobile manufacturing plants to emerging countries because of low labor costs, ease of doing business, and the availability of raw materials. Several well-known semiconductor companies have their manufacturing hubs in the Asia Pacific region as well. This helps them maintain an effective supply chain of their products for the automakers.

Moreover, the growing sales of V2X equipped vehicles and significant growth in ride-sharing industries are likely to increase the demand for automotive cybersecurity solutions in the Asia Pacific region. OEMs in Japan and South Korea, such as Hyundai, Kia, Nissan, Honda, and Toyota, are focused on the development of self-driving cars. This is further expected to spur the demand for related cybersecurity solutions. Similarly, in the Indian market, OEMs such as MG Motor, Kia, and Mahindra have already started offering car models with level 1/2 features, which would further support the demand for cybersecurity solutions in the coming years. Apart from this, Asia Pacific is home to some of the top players in the Automotive Cybersecurity Market, such as Autotalks and AutoCrypt. Growing electric vehicle adoption and an increasing number of vehicles with connected car features would boost the need for automotive cybersecurity in the region. All these factors put together are expected to drive the Asia Pacific Automotive Cybersecurity Market during the forecast period.

The Automotive Cybersecurity Market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (US), DENSO Corporation (Japan), Aptiv PLC (Ireland), Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies (Israel), GuardKnox Cyber Technologies Ltd. (Israel), Upstream Security Ltd. (Israel), and Green Hills Software. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and acquisitions to gain traction in the market. Collaborations were the most adopted strategy, among others.

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