Automotive Cybersecurity Market (By Security Type: Endpoint Security, Application Security, Wireless Network Security; By Vehicle Type: Passenger Car, Commercial Vehicle, Electrical Vehicle; By Application: ADAS & Safety System, Infotainment, Body Electronics, Powertrain, Telematics; By Form: In-Vehicle Services, External Cloud Services) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global automotive cybersecurity market size was exhibited at USD 3.9 billion in 2022 and is projected to hit around USD 20.69 billion by 2032, growing at a CAGR of 18.71% during the forecast period 2023 to 2032.

Key Pointers:

  • Asia Pacific generated the largest market share of around 37% in 2022.
  • North America became the second-largest market between 2023 and 2032.
  • By vehicle type, the electric vehicle (EV) segment is predicted to grow at a remarkable CAGR of 29% from 2023 to 2032.
  • By security type, the wireless network security segment captured more than 43% of revenue share in 2022.
  • By security type, the application security generated more than 35% of revenue share in 2022. 
  • By application, the infotainment segment contributed more than 37% of revenue share in 2022.
  • By application, the ADAS & safety system segment is expected to grow at a noteworthy CAGR of 22% from 2023 to 2032.
  • By form, the in-vehicle segment was the market leader in 2022.

Automotive Cybersecurity Market Report Scope

Report Coverage

Details

Market Size in 2023

USD 4.61 Billion

Market Size by 2032

USD 20.69 Billion

Growth Rate From 2023 to 2032

CAGR of 18.71%

Base Year

2022

Forecast Period

2023 to 2032

Segments Covered

By Security Type, By Vehicle Type, By Application and By Form

Market Analysis (Terms Used)

Value (US$ Million/Billion) or (Volume/Units)

Regional Scope

North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa

Key Companies Profiled

Sheelds, Vector Informatik GmbH, NXP Semiconductors N.V., Harman International, Broadcom Inc., Denso Corporation, Honeywell International, Inc., Continental AG, Guard Knox Cyber-Technologies Ltd., Robert Bosch GmbH and Others.

 

Preferences and desires of drivers are rapidly evolving. Consumers expect personalized experiences, so vehicles, and the industry as a whole, are adapting to meet those demands. More software, as a result of increased personalization and connectedness, means more vulnerability. Connected vehicles can function in the same way that smartphones and smart appliances do, sharing internet and wireless network access with other vehicles and external equipment. They have the ability to send and receive data. New software is already delivering greater features and capabilities to meet the needs and expectations of drivers. In such circumstances, automobile cybersecurity is critical, and it should be a part of the design process.

Factors, such as increase in need for automotive cybersecurity, government initiatives for implementing connected car technology, and cybersecurity standards becoming mandatory are expected to drive growth of the automotive cybersecurity market. However, rise in development of common platforms leading to higher risks and challenges in making secure applications restrains the market growth. Moreover, enhancing vehicle security using adaptive security and rise in complexity of car’s electronic systems are projected to offer lucrative growth opportunities for the market players.

Vehicles are becoming increasingly connected to everything, including traffic signals, parking meters, other vehicles, and much more, thus transforming the automobile industry. It is all geared with advanced technologies such as advanced driver assistance systems (ADAS), shared mobility, self-driving cars, and electric automobiles (EV). While these technologies improve safety, comfort, and help to enhance safety on roads, they also expose this advanced and dynamic ecosystem to cyber-attacks. As the ecosystem gets more linked, attack points increase, exposing new vulnerabilities that hackers might employ to jeopardize vehicle safety, user privacy, and -integrity of automotive data. The Automotive Cybersecurity Report 2020 from Upstream Security (an Israeli cybersecurity firm) provided in-depth insights and statistics obtained from examining 633 publicly disclosed events since 2010, 207 of which occurred in 2020 as of November 25, 2020. Furthermore, the AV-TEST Institute (an independent organization that evaluates and rates antivirus and security suite software) estimates that the number of malicious cyber-attacks have increased intensely over the last decade, from roughly around 65 million in 2011 to approximately 1.1 billion in the last quarter of 2020. Increase in software security flaws as seen by the number of registered Common Vulnerabilities and Exposures (CVEs) has increased over the years: around 11,000 CVEs were filed in the first ten months of 2020. These statistics call for solutions that offer a security against rise in number of cyber-attacks in connected vehicles, which is expected to drive growth of the global automotive cybersecurity market during the forecast period.

Some of the prominent players in the Automotive Cybersecurity Market include:

  • Sheelds
  • Vector Informatik GmbH
  • NXP Semiconductors N.V.
  • Harman International
  • Broadcom Inc.
  • Denso Corporation
  • Honeywell International, Inc.
  • Continental AG
  • Guard Knox Cyber-Technologies Ltd.
  • Robert Bosch GmbH

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Automotive Cybersecurity market.

By Security Type 

  • Endpoint Security
  • Application Security
  • Wireless Network Security

By Vehicle Type 

  • Passenger Car
  • Commercial Vehicle
  • Electrical Vehicle

By Application 

  • ADAS & Safety System
  • Infotainment
  • Body Electronics
  • Powertrain 
  • Telematics

By Form 

  • In-Vehicle Services
  • External Cloud Services

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global automotive cybersecurity market size was exhibited at USD 3.9 billion in 2022 and is projected to hit around USD 20.69 billion by 2032,

The major players operating in the automotive cybersecurity market are Sheelds, Vector Informatik GmbH, NXP Semiconductors N.V., Harman International, Broadcom Inc., Denso Corporation, Honeywell International, Inc., Continental AG, Guard Knox Cyber-Technologies Ltd., Robert Bosch GmbH and Others.

The driving factors of the automotive cybersecurity market are the increased use of electronics per vehicle, growing number of connected cars and automotive industry has dramatically increased.

Asia Pacific region will lead the global automotive cybersecurity market during the forecast period 2023 to 2032.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Automotive Cybersecurity Market 

5.1. COVID-19 Landscape: Automotive Cybersecurity Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Automotive Cybersecurity Market, By Security Type

8.1. Automotive Cybersecurity Market, by Security Type, 2023-2032

8.1.1. Endpoint Security

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Application Security

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Wireless Network Security

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Automotive Cybersecurity Market, By Vehicle Type

9.1. Automotive Cybersecurity Market, by Vehicle Type, 2023-2032

9.1.1. Passenger Car

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Commercial Vehicle

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Electrical Vehicle

9.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Automotive Cybersecurity Market, By Application 

10.1. Automotive Cybersecurity Market, by Application, 2023-2032

10.1.1. ADAS & Safety System

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Infotainment

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Body Electronics

10.1.3.1. Market Revenue and Forecast (2020-2032)

10.1.4. Powertrain

10.1.4.1. Market Revenue and Forecast (2020-2032)

10.1.5. Telematics

10.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Automotive Cybersecurity Market, By Form 

11.1. Automotive Cybersecurity Market, by Form, 2023-2032

11.1.1. In-Vehicle Services

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. External Cloud Services

11.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Automotive Cybersecurity Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.1.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.1.3. Market Revenue and Forecast, by Application (2020-2032)

12.1.4. Market Revenue and Forecast, by Form (2020-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.1.5.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.1.5.3. Market Revenue and Forecast, by Application (2020-2032)

12.1.5.4. Market Revenue and Forecast, by Form (2020-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.1.6.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.1.6.3. Market Revenue and Forecast, by Application (2020-2032)

12.1.6.4. Market Revenue and Forecast, by Form (2020-2032)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.2.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.2.3. Market Revenue and Forecast, by Application (2020-2032)

12.2.4. Market Revenue and Forecast, by Form (2020-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.2.5.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.2.5.3. Market Revenue and Forecast, by Application (2020-2032)

12.2.5.4. Market Revenue and Forecast, by Form (2020-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.2.6.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.2.6.3. Market Revenue and Forecast, by Application (2020-2032)

12.2.6.4. Market Revenue and Forecast, by Form (2020-2032)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.2.7.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.2.7.3. Market Revenue and Forecast, by Application (2020-2032)

12.2.7.4. Market Revenue and Forecast, by Form (2020-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.2.8.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.2.8.3. Market Revenue and Forecast, by Application (2020-2032)

12.2.8.4. Market Revenue and Forecast, by Form (2020-2032)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.3.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.3.3. Market Revenue and Forecast, by Application (2020-2032)

12.3.4. Market Revenue and Forecast, by Form (2020-2032)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.3.5.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.3.5.3. Market Revenue and Forecast, by Application (2020-2032)

12.3.5.4. Market Revenue and Forecast, by Form (2020-2032)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.3.6.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.3.6.3. Market Revenue and Forecast, by Application (2020-2032)

12.3.6.4. Market Revenue and Forecast, by Form (2020-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.3.7.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.3.7.3. Market Revenue and Forecast, by Application (2020-2032)

12.3.7.4. Market Revenue and Forecast, by Form (2020-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.3.8.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.3.8.3. Market Revenue and Forecast, by Application (2020-2032)

12.3.8.4. Market Revenue and Forecast, by Form (2020-2032)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.4.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.4.3. Market Revenue and Forecast, by Application (2020-2032)

12.4.4. Market Revenue and Forecast, by Form (2020-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.4.5.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.4.5.3. Market Revenue and Forecast, by Application (2020-2032)

12.4.5.4. Market Revenue and Forecast, by Form (2020-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.4.6.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.4.6.3. Market Revenue and Forecast, by Application (2020-2032)

12.4.6.4. Market Revenue and Forecast, by Form (2020-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.4.7.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.4.7.3. Market Revenue and Forecast, by Application (2020-2032)

12.4.7.4. Market Revenue and Forecast, by Form (2020-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.4.8.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.4.8.3. Market Revenue and Forecast, by Application (2020-2032)

12.4.8.4. Market Revenue and Forecast, by Form (2020-2032)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.5.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.5.3. Market Revenue and Forecast, by Application (2020-2032)

12.5.4. Market Revenue and Forecast, by Form (2020-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.5.5.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.5.5.3. Market Revenue and Forecast, by Application (2020-2032)

12.5.5.4. Market Revenue and Forecast, by Form (2020-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Security Type (2020-2032)

12.5.6.2. Market Revenue and Forecast, by Vehicle Type (2020-2032)

12.5.6.3. Market Revenue and Forecast, by Application (2020-2032)

12.5.6.4. Market Revenue and Forecast, by Form (2020-2032)

Chapter 13. Company Profiles

13.1. Sheelds

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Vector Informatik GmbH

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. NXP Semiconductors N.V.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Harman International

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Broadcom Inc.

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Denso Corporation

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Honeywell International, Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Continental AG

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Guard Knox Cyber-Technologies Ltd.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Robert Bosch GmbH

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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