Global Automotive Cybersecurity Market, By Security (Endpoint, Application and Wireless Network), Form (In-Vehicle and External Cloud Services), Application (ADAS and Safety, Body Control and Comfort, Infotainment, Telematics, Powertrain Systems, Communication Systems), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles), Offering (Software and Hardware), Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV)) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Vehicle manufactures have been focusing on meeting demands of consumers including personalized experiences and preferences. The cybersecurity is highly being deployed across the automotive industry due to the increase in the cyber-attacks in the transportation.
Global automotive cybersecurity market was valued at USD 1.75 billion in 2021 and is expected to reach USD 7.90 billion by 2029, registering a CAGR of 20.73% during the forecast period of 2022-2029. “Passenger Vehicles” is expected to witness high growth in the respective market owing to the rise in the sales of mid-luxury and luxury vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Cybersecurity refers to the protection of communication networks, software, users, protection of automotive electronic systems, control algorithms, and underlying data from malicious attacks, unauthorized access, damage, or manipulation.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Security (Endpoint, Application and Wireless Network), Form (In-Vehicle and External Cloud Services), Application (ADAS and Safety, Body Control and Comfort, Infotainment, Telematics, Powertrain Systems, Communication Systems), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles), Offering (Software and Hardware), Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV))
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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ESCRYPT (Germany), Continental AG (Germany), Bosch Limited (Germany), HARMAN International (US), DENSO CORPORATION (Japan), Aptiv (Ireland), Karamba Security (US), SafeRide Technologies (Israel), ARILOU Automotive Cyber Security (Israel), GUARDKNOX (Israel), Infineon Technologies AG (Germany), Argus Cyber Security Ltd. (Israel), Intel Corporation (US), Lear Corporation (US), SBD Automotive Ltd (India), Honeywell International Inc. (US), Vector Informatik GmbH (Germany), NXP Semiconductors. (Netherlands), Capgemini (France) and secunet (Germany), among others
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Market Opportunities
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Automotive Cybersecurity Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Sales of Electric Vehicles
The increase in the sales of electric vehicles across the globe is one of the major factors driving the growth of automotive cybersecurity market. Electric vehicles are known to be more prone to cyber-attacks.
- Increased Personalization and Connectedness
The rise in the personalization and connectedness in the context of software accelerate the market growth. The connected vehicles function same as smartphones and smart appliances with the use of internet and wireless network access, making them more vulnerable.
- Government Initiatives
The surge in the government initiatives for implementing cybersecurity standards and connected car technology among population further influence the market.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive cybersecurity market.
Opportunities
Furthermore, rise in cloud-based applications in automotive industry extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, introduction of electric vehicle wireless battery management system will further escalate the growth of automotive cybersecurity market.
Restraints/Challenges faced by the Automotive Cybersecurity Market
On the other hand, high cost associated with the automotive cybersecurity solutions and growing complexity in vehicle electronic system are expected to obstruct market growth. Also, discrepancies related to pricing strategies among stakeholders and time lag in delivery of cybersecurity updates are projected to challenge the automotive smart antenna market in the forecast period of 2022-2029.
This automotive cybersecurity market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive cybersecurity market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Automotive Cybersecurity Market
The COVID-19 had a negative impact on the automotive cybersecurity market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for automotive cybersecurity market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive cybersecurity market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- NXP Semiconductors joined hands with Ford Motor Company for delivering enhanced driver experiences, and services, such as over-the-air updates in November’2021.
- Renesas Electronic Corporation acquired Celeno Communications (Israel) in October’2021. The aim of the acquisition is developing more advanced Wi-Fi connectivity capabilities to offer end-to-end connectivity solutions for clients.
Global Automotive Cybersecurity Market Scope
The automotive cybersecurity market is segmented on the basis of security, form, application, vehicle type, offering and electric vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Security
- Endpoint
- Application
- Wireless
Global automotive cybersecurity market is segmented on the basis of security into endpoint, application and wireless.
Form
- In-Vehicle
- External Cloud Services
On the basis of form, global automotive cybersecurity market is segmented into in-vehicle and external cloud services.
Application
- ADAS and Safety
- Body Control and Comfort
- Infotainment
- Telematics
- Powertrain Systems
- Communication Systems
On the basis of application, global automotive cybersecurity market is segmented into ADAS and safety, body control and comfort, infotainment, telematics, powertrain systems, communication systems.
Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Passenger vehicles, light commercial vehicles and heavy commercial vehicles are the segments of the global automotive cybersecurity market on the basis of vehicle type.
Offering
- Software
- Hardware
On the basis of offering, the global automotive cybersecurity market is segmented into software and hardware.
Electric Vehicle Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Electric Vehicle (PHEV)
Global automotive cybersecurity market is segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV) and plug-in electric vehicle (PHEV) on the basis of type of electric vehicle.
Automotive Cybersecurity Market Regional Analysis/Insights
The automotive cybersecurity market is analyzed and market size insights and trends are provided by country, security, form, application, vehicle type, offering and electric vehicle type.
The countries covered in the automotive cybersecurity market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive cybersecurity market because of the higher production of automobiles within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in the adoption of the cloud-based cyber security solutions in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Cybersecurity Market Share Analysis
The automotive cybersecurity market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive cybersecurity market.
Some of the major players operating in the automotive cybersecurity market are:
- ESCRYPT (Germany)
- Continental AG (Germany)
- Bosch Limited (Germany)
- HARMAN International (US)
- DENSO CORPORATION (Japan)
- Aptiv (Ireland)
- Karamba Security (US)
- SafeRide Technologies (Israel)
- ARILOU Automotive Cyber Security (Israel)
- GUARDKNOX (Israel)
- Infineon Technologies AG (Germany)
- Argus Cyber Security Ltd. (Israel)
- Intel Corporation (US)
- Lear Corporation (US)
- SBD Automotive Ltd (India)
- Honeywell International Inc. (US)
- Vector Informatik GmbH (Germany)
- NXP Semiconductors (Netherlands)
- Capgemini (France) secunet (Germany)
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