Automotive Cyber Security Market Report
RA03270
Automotive Cyber Security Market by Security Type (Endpoint, Application, and Wireless Network), Vehicle Type (Passenger Car, Commercial Vehicle, and Electrical Vehicle), Application (ADAS & Safety System, Infotainment, Body Electronics, Powertrain, and Telematics), Service (In-Vehicle Services and External Cloud Services), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Automotive Cyber Security Overview
Automotive cybersecurity is the defence against cyberthreats and attacks on modern vehicles' electronic systems, networks, and software. Automobiles are more susceptible to cyberattacks as they become increasingly electronically connected, which might jeopardise vehicle functionality, privacy, and safety. By putting in place strong security measures, automotive cybersecurity strives to protect vehicles from unauthorised access, data breaches, and malicious actions. Various communication technologies, including Bluetooth, Wi-Fi, and cellular networks, are included in modern cars. These technologies allow for connectivity with other vehicles, the infrastructure, and external devices. While connection improves the operation of vehicles and has many advantages, it also raises possible cybersecurity concerns.
Global Automotive Cyber Security Market Analysis
The global automotive cyber security market size was $2.5 billion in 2022 and is predicted to grow at a CAGR of 16.4%, by generating a revenue of $11.5 billion by 2032.
COVID-19 Impact on Global Automotive Cyber Security Market
During the pandemic, cyberattacks, including ransomware and phishing efforts, significantly increased as more individuals work remotely and rely on digital services. This, in general, increased the demand for cybersecurity systems which helped the market surge ahead during the pandemic.
After COVID-19, it is anticipated that the pandemic's acceleration of the automotive industry's digital transition will continue. Strong cybersecurity solutions will be more necessary as cars grow more connected and autonomous in order to ensure protection against online threats.
Growing Connectivity to Drive the Market Growth
New entrance points for cyberattacks are opened up by the increased connectedness of vehicles to the internet, other vehicles, and infrastructure. The need for cybersecurity solutions to guard against data breaches and unauthorised access grows as more vehicles become linked. A heightened danger of cyberattacks results from the adoption of connected car services like telematics, infotainment, and remote diagnostics. To safeguard sensitive data and guarantee the reliability of these services, cybersecurity solutions are required. As autonomous vehicle technology develops, it becomes increasingly important to have a strong cybersecurity system in place to protect self-driving automobiles. One important motivator is the defence against future cyber-attacks on moving autonomous vehicles.
Cost and Affordability to Restrain Market Growth
It can be expensive to implement reliable cybersecurity solutions, especially for smaller automotive suppliers and manufacturers. The price of adding cybersecurity features to cars may prevent some buyers from using them, especially those who are on a tight budget. Today's automobiles still contain a lot of legacy technologies that weren't created with cybersecurity in mind. It can be tricky and expensive to retrofit older vehicles with cutting-edge cybersecurity capabilities. Because of the fierce competition in the automobile sector, automakers frequently feel pressure to introduce new models and technology as soon as possible. Vehicles may become exposed to cyber assaults as a result of this time-to-market pressure on cybersecurity.
Growing Adoption of Connected and Autonomous Vehicles to Drive Excellent Opportunities
There are numerous prospects for automotive cybersecurity given the quick adoption of connected and driverless vehicles. The need for cybersecurity solutions to protect against cyberattacks will grow as vehicles become more linked and rely on sophisticated software. Automotive cybersecurity has a chance because of the widespread adoption of OTA software upgrades. To ensure that vehicles receive the required software updates and security patches without creating new vulnerabilities, the OTA update process must be secured. Telematics and infotainment systems that are cloud-based offer ease and improved functionality. Automobile cybersecurity solutions will be essential for protecting communications and data stored in the cloud.
Global Automotive Cyber Security Market Share, by Security Type, 2022
The wireless network sub-segment accounted for the highest share in 2022. The growing use of wireless networks in cars makes it possible to link to infrastructure, other cars, and external equipment. This connectivity improves communication between vehicles and between vehicles and infrastructure, which increases traffic efficiency and road safety. In addition to providing entertainment alternatives for passengers and vital information for car diagnostics and maintenance, wireless networks provide telematics services and infotainment systems. It's crucial to secure these wireless interactions to safeguard user information and keep the service reliable.
Global Automotive Cyber Security Market Share, by Vehicle Type, 2022
The passenger car sub-segment accounted for the highest market size in 2022. Numerous connected technologies, such as infotainment systems, GPS navigation, and smartphone integration, are standard in contemporary passenger cars. The need for reliable cybersecurity solutions is fueled by interconnected features that could serve as entry points for cyberattacks. Cloud-based services are frequently connected by passenger automobiles for data archiving, software updates, and vehicle analytics. Protecting user data and cloud-based services requires securing vehicle-to-cloud connectivity.
Global Automotive Cyber Security Market Share, by Application, 2022
The infotainment sub-segment accounted for the highest market size in 2022. Voice data processing is a key component of speech controls and voice recognition used in infotainment systems. For user confidence to remain intact, voice data must be protected against unauthorised access. Infotainment systems offer audio and video playback for multimedia content. To avoid dangerous content from jeopardising the system, it is crucial to ensure the security of media files and the sources from which they come.
Global Automotive Cyber Security Market Share, by Service, 2022
The in-vehicle services sub-segment accounted for the highest market size in 2022. V2X communication is supported by in-vehicle services, allowing for data transmission between vehicles, infrastructure, and pedestrians. In order to guard against future cyber-attacks on connected vehicles, V2X communication must be secured. Some in-car features, including remote starting and unlocking, allow for remote operation of the vehicle through smartphone apps. Secure remote access is essential to preventing unauthorised vehicle control.
Global Automotive Cyber Security Market Share, by Region, 2022
The North America automotive cyber security market accounted for the highest market share in 2022. The large talent base of cybersecurity experts and professionals in North America makes it possible to create cutting-edge cybersecurity products and services for the automobile industry. The development and use of electric and autonomous vehicles is one of the highest in the North American region which has led to a growth in demand for automotive cybersecurity systems.
Competitive Scenario in the Global Automotive Cyber Security Market
Product development and geographic expansion are the major strategies adopted by the players functioning in the highly competitive global automotive cyber security market. Microsoft Corp. purchased RiskIQ, a provider of security software, in July 2021. In order to protect against several cyberattacks on Microsoft's cloud services, AWS, on-premises servers, and supply chain threats, RiskIQ offers management tools and threat intelligence. Box, US Postal Service, BMW, Facebook, and American Express are just a few of the companies that use the cloud-based RiskIQ software to identify security flaws across networks and devices.
Some of the leading automotive cyber security market players are Sheelds, Vector Informatik GmbH, NXP Semiconductors N.V., Harman International, Broadcom Inc., Denso Corporation, Honeywell International, Inc., and Guard Knox Cyber-Technologies Ltd.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Security Type |
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| Segmentation by Vehicle Type |
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| Segmentation by Application |
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| Segmentation by Service |
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| Key Companies Profiled |
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Q1. What is the size of the automotive cyber security market?
A. The size of the automotive cyber security market was over $2.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 16.4% during the forecast period.
Q2. Which are the major companies in the automotive cyber security market?
A. Sheelds and Broadcom Inc. are some of the key players in the global automotive cyber security market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The North America region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Product development and geographic expansion are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more in R&D practices?
A. Sheelds and Broadcom Inc. are the companies investing more in R&D activities for developing new products and technologies.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Automotive Cyber Security Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Automotive Cyber Security Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Automotive Cyber Security Market, By End Use
5.1. Overview
5.2 ADAS & safety
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Body control & comfort
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Infotainment
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Telematics
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 Powertrain systems
5.6.1 Definition, key trends, growth factors, and opportunities
5.6.2 Market size analysis, by region, 2020-2027
5.6.3 Market share analysis, by country, 2020-2027
5.7 Communication systems
5.7.1 Definition, key trends, growth factors, and opportunities
5.7.2 Market size analysis, by region, 2020-2027
5.7.3 Market share analysis, by country, 2020-2027
5.8 Research Dive Exclusive Insights
5.8.1 Market attractiveness
5.8.2 Competition heatmap
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6. Automotive Cyber Security Market, By End User
6.1. Overview
6.2 In-vehicle
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 External cloud services
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Research Dive Exclusive Insights
6.4.1 Market attractiveness
6.4.2 Competition heatmap
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7. Automotive Cyber Security Market, By Print Type
7.1. Overview
7.2 Software
7.2.1 Definition, key trends, growth factors, and opportunities
7.2.2 Market size analysis, by region, 2020-2027
7.2.3 Market share analysis, by country, 2020-2027
7.3 Hardware
7.3.1 Definition, key trends, growth factors, and opportunities
7.3.2 Market size analysis, by region, 2020-2027
7.3.3 Market share analysis, by country, 2020-2027
7.4 Research Dive Exclusive Insights
7.4.1 Market attractiveness
7.4.2 Competition heatmap
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8. Automotive Cyber Security Market, By Panel Size
8.1. Overview
8.2 Application
8.2.1 Definition, key trends, growth factors, and opportunities
8.2.2 Market size analysis, by region, 2020-2027
8.2.3 Market share analysis, by country, 2020-2027
8.3 Wireless
8.3.1 Definition, key trends, growth factors, and opportunities
8.3.2 Market size analysis, by region, 2020-2027
8.3.3 Market share analysis, by country, 2020-2027
8.4 Endpoint
8.4.1 Definition, key trends, growth factors, and opportunities
8.4.2 Market size analysis, by region, 2020-2027
8.4.3 Market share analysis, by country, 2020-2027
8.5 Research Dive Exclusive Insights
8.5.1 Market attractiveness
8.5.2 Competition heatmap
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9. Automotive Cyber Security Market, By Payload
9.1. Overview
9.2 Passenger Vehicles
9.2.1 Definition, key trends, growth factors, and opportunities
9.2.2 Market size analysis, by region, 2020-2027
9.2.3 Market share analysis, by country, 2020-2027
9.3 Light Commercial Vehicles
9.3.1 Definition, key trends, growth factors, and opportunities
9.3.2 Market size analysis, by region, 2020-2027
9.3.3 Market share analysis, by country, 2020-2027
9.4 Heavy Commercial Vehicles
9.4.1 Definition, key trends, growth factors, and opportunities
9.4.2 Market size analysis, by region, 2020-2027
9.4.3 Market share analysis, by country, 2020-2027
9.5 Research Dive Exclusive Insights
9.5.1 Market attractiveness
9.5.2 Competition heatmap
10. Automotive Cyber Security Market, By Region
10.1 North America
10.1.1 U.S
10.1.1.1 Market size analysis, By End Use, 2020-2027
10.1.1.2 Market size analysis, By End User, 2020-2027
10.1.1.3 Market size analysis, By Print Type, 2020-2027
10.1.1.4 Market size analysis, By Panel Size, 2020-2027
10.1.1.5 Market size analysis, By Payload, 2020-2027
10.1.2 Canada
10.1.2.1 Market size analysis, By End Use, 2020-2027
10.1.2.2 Market size analysis, By End User, 2020-2027
10.1.2.3 Market size analysis, By Print Type, 2020-2027
10.1.2.4 Market size analysis, By Panel Size, 2020-2027
10.1.2.5 Market size analysis, By Payload, 2020-2027
10.1.3 Mexico
10.1.3.1 Market size analysis, By End Use, 2020-2027
10.1.3.2 Market size analysis, By End User, 2020-2027
10.1.3.3 Market size analysis, By Print Type, 2020-2027
10.1.3.4 Market size analysis, By Panel Size, 2020-2027
10.1.3.5 Market size analysis, By Payload, 2020-2027
10.1.4 Research Dive Exclusive Insights
10.1.4.1 Market attractiveness
10.1.4.2 Competition heatmap
10.2 Europe
10.2.1 Germany
10.2.1.1 Market size analysis, By End Use, 2020-2027
10.2.1.2 Market size analysis, By End User, 2020-2027
10.2.1.3 Market size analysis, By Print Type, 2020-2027
10.2.1.4 Market size analysis, By Panel Size, 2020-2027
10.2.1.5 Market size analysis, By Payload, 2020-2027
10.2.2 UK
10.2.2.1 Market size analysis, By End Use, 2020-2027
10.2.2.2 Market size analysis, By End User, 2020-2027
10.2.2.3 Market size analysis, By Print Type, 2020-2027
10.2.2.4 Market size analysis, By Panel Size, 2020-2027
10.2.2.5 Market size analysis, By Payload, 2020-2027
10.2.3 France
10.2.3.1 Market size analysis, By End Use, 2020-2027
10.2.3.2 Market size analysis, By End User, 2020-2027
10.2.3.3 Market size analysis, By Print Type, 2020-2027
10.2.3.4 Market size analysis, By Panel Size, 2020-2027
10.2.3.5 Market size analysis, By Payload, 2020-2027
10.2.4 Spain
10.2.4.1 Market size analysis, By End Use, 2020-2027
10.2.4.2 Market size analysis, By End User, 2020-2027
10.2.4.3 Market size analysis, By Print Type, 2020-2027
10.2.4.4 Market size analysis, By Panel Size, 2020-2027
10.2.4.5 Market size analysis, By Payload, 2020-2027
10.2.5 Italy
10.2.5.1 Market size analysis, By End Use, 2020-2027
10.2.5.2 Market size analysis, By End User, 2020-2027
10.2.5.3 Market size analysis, By Print Type, 2020-2027
10.2.5.4 Market size analysis, By Panel Size, 2020-2027
10.2.5.5 Market size analysis, By Payload, 2020-2027
10.2.6 Rest of Europe
10.2.6.1 Market size analysis, By End Use, 2020-2027
10.2.6.2 Market size analysis, By End User, 2020-2027
10.2.6.3 Market size analysis, By Print Type, 2020-2027
10.2.6.4 Market size analysis, By Panel Size, 2020-2027
10.2.6.5 Market size analysis, By Payload, 2020-2027
10.2.7 Research Dive Exclusive Insights
10.2.7.1 Market attractiveness
10.2.7.2 Competition heatmap
10.3 Asia-Pacific
10.3.1 China
10.3.1.1 Market size analysis, By End Use, 2020-2027
10.3.1.2 Market size analysis, By End User, 2020-2027
10.3.1.3 Market size analysis, By Print Type, 2020-2027
10.3.1.4 Market size analysis, By Panel Size, 2020-2027
10.3.1.5 Market size analysis, By Payload, 2020-2027
10.3.2 Japan
10.3.2.1 Market size analysis, By End Use, 2020-2027
10.3.2.2 Market size analysis, By End User, 2020-2027
10.3.2.3 Market size analysis, By Print Type, 2020-2027
10.3.2.4 Market size analysis, By Panel Size, 2020-2027
10.3.2.5 Market size analysis, By Payload, 2020-2027
10.3.3 India
10.3.3.1 Market size analysis, By End Use, 2020-2027
10.3.3.2 Market size analysis, By End User, 2020-2027
10.3.3.3 Market size analysis, By Print Type, 2020-2027
10.3.3.4 Market size analysis, By Panel Size, 2020-2027
10.3.3.5 Market size analysis, By Payload, 2020-2027
10.3.4 Australia
10.3.4.1 Market size analysis, By End Use, 2020-2027
10.3.4.2 Market size analysis, By End User, 2020-2027
10.3.4.3 Market size analysis, By Print Type, 2020-2027
10.3.4.4 Market size analysis, By Panel Size, 2020-2027
10.3.4.5 Market size analysis, By Payload, 2020-2027
10.3.5 South Korea
10.3.5.1 Market size analysis, By End Use, 2020-2027
10.3.5.2 Market size analysis, By End User, 2020-2027
10.3.5.3 Market size analysis, By Print Type, 2020-2027
10.3.5.4 Market size analysis, By Panel Size, 2020-2027
10.3.5.5 Market size analysis, By Payload, 2020-2027
10.3.6 Rest of Asia-Pacific
10.3.6.1 Market size analysis, By End Use, 2020-2027
10.3.6.2 Market size analysis, By End User, 2020-2027
10.3.6.3 Market size analysis, By Print Type, 2020-2027
10.3.6.4 Market size analysis, By Panel Size, 2020-2027
10.3.6.5 Market size analysis, By Payload, 2020-2027
10.3.7 Research Dive Exclusive Insights
10.3.7.1 Market attractiveness
10.3.7.2 Competition heatmap
10.4 LAMEA
10.4.1 Brazil
10.4.1.1 Market size analysis, By End Use, 2020-2027
10.4.1.2 Market size analysis, By End User, 2020-2027
10.4.1.3 Market size analysis, By Print Type, 2020-2027
10.4.1.4 Market size analysis, By Panel Size, 2020-2027
10.4.1.5 Market size analysis, By Payload, 2020-2027
10.4.2 Saudi Arabia
10.4.2.1 Market size analysis, By End Use, 2020-2027
10.4.2.2 Market size analysis, By End User, 2020-2027
10.4.2.3 Market size analysis, By Print Type, 2020-2027
10.4.2.4 Market size analysis, By Panel Size, 2020-2027
10.4.2.5 Market size analysis, By Payload, 2020-2027
10.4.3 UAE
10.4.3.1 Market size analysis, By End Use, 2020-2027
10.4.3.2 Market size analysis, By End User, 2020-2027
10.4.3.3 Market size analysis, By Print Type, 2020-2027
10.4.3.4 Market size analysis, By Panel Size, 2020-2027
10.4.3.5 Market size analysis, By Payload, 2020-2027
10.4.4 South Africa
10.4.4.1 Market size analysis, By End Use, 2020-2027
10.4.4.2 Market size analysis, By End User, 2020-2027
10.4.4.3 Market size analysis, By Print Type, 2020-2027
10.4.4.4 Market size analysis, By Panel Size, 2020-2027
10.4.4.5 Market size analysis, By Payload, 2020-2027
10.4.5 Rest of LAMEA
10.4.5.1 Market size analysis, By End Use, 2020-2027
10.4.5.2 Market size analysis, By End User, 2020-2027
10.4.5.3 Market size analysis, By Print Type, 2020-2027
10.4.5.4 Market size analysis, By Panel Size, 2020-2027
10.4.5.5 Market size analysis, By Payload, 2020-2027
10.4.6 Research Dive Exclusive Insights
10.4.6.1 Market attractiveness
10.4.6.2 Competition heatmap
11. Competitive Landscape
11.1 Top winning strategies, 2020-2027
11.1.1 By strategy
11.1.2 By year
11.2 Strategic overview
11.3 Market share analysis, 2020-2027
12. Company Profiles
12.1 Robert Bosch (Germany)
12.1.1 Overview
12.1.2 Business segments
12.1.3 Product portfolio
12.1.4 Financial performance
12.1.5 Recent developments
12.1.6 SWOT analysis
12.2 Continental AG (Germany)
12.2.1 Overview
12.2.2 Business segments
12.2.3 Product portfolio
12.2.4 Financial performance
12.2.5 Recent developments
12.2.6 SWOT analysis
12.3 Harman International (US)
12.3.1 Overview
12.3.2 Business segments
12.3.3 Product portfolio
12.3.4 Financial performance
12.3.5 Recent developments
12.3.6 SWOT analysis
12.4 Denso Corporation (Japan)
12.4.1 Overview
12.4.2 Business segments
12.4.3 Product portfolio
12.4.4 Financial performance
12.4.5 Recent developments
12.4.6 SWOT analysis
12.5 Aptiv (Ireland)
12.5.1 Overview
12.5.2 Business segments
12.5.3 Product portfolio
12.5.4 Financial performance
12.5.5 Recent developments
12.5.6 SWOT analysis
12.6 Karamba Security (Israel)
12.6.1 Overview
12.6.2 Business segments
12.6.3 Product portfolio
12.6.4 Financial performance
12.6.5 Recent developments
12.6.6 SWOT analysis
12.7 SafeRide Technologies (Israel)
12.7.1 Overview
12.7.2 Business segments
12.7.3 Product portfolio
12.7.4 Financial performance
12.7.5 Recent developments
12.7.6 SWOT analysis
12.8 Arilou Technologies (Israel)
12.8.1 Overview
12.8.2 Business segments
12.8.3 Product portfolio
12.8.4 Financial performance
12.8.5 Recent developments
12.8.6 SWOT analysis
12.9 GuardKnox (Israel)
12.9.1 Overview
12.9.2 Business segments
12.9.3 Product portfolio
12.9.4 Financial performance
12.9.5 Recent developments
12.9.6 SWOT analysis
12.10
12.10.1 Overview
12.10.2 Business segments
12.10.3 Product portfolio
12.10.4 Financial performance
12.10.5 Recent developments
12.10.6 SWOT analysis
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