About This Report

Automotive cybersecurity refers to defending electronic systems in vehicles against online threats and intrusions. Modern vehicles are susceptible to hacking, data breaches, and remote control as they grow more linked and computerized. By adopting security measures, software upgrades, and encryption, automotive cybersecurity assures the security, privacy, and dependability of automobiles. It involves preventing illegal access to vital systems including the engine, brakes, and infotainment, that could cause accidents or result in the theft of personal data. To prevent potential threats and guarantee that cars remain safe in the digital age, manufacturers and specialists create secure software, firewalls, and intrusion detection systems.
In 2022, the Automotive Cybersecurity market was valued at US$ XX million, which is anticipated to be around US$ XX million by 2030. Over the forecast period, the market is expected to grow at a CAGR of XX%.

The rise of connected vehicles and raising of high-profile incidents are the drivers while the constantly evolving threat landscape is a restraint

The attack surface for cyber threats is increased by the increase in connected vehicles, which are outfitted with cutting-edge infotainment, navigation, and communication systems. For instance, by 2025, Statista projects that there will be about 330 million linked cars on the planet. Strong cybersecurity solutions are required because connected features like remote vehicle access, wireless software upgrades, and smartphone integration give hackers access points to exploit weaknesses. Furthermore, notable instances of cyberattacks on vehicles have garnered global attention, underscored the potential dangers, and prompted the industry to prioritize cybersecurity. In 2015, security researchers remotely accessed a Jeep Cherokee's systems, demonstrating the vulnerabilities of connected vehicles. This incident led to a recall of 1.4 million vehicles and highlighted the necessity of implementing strong security measures.
However, Cyber threats are always evolving as attackers identify new weaknesses and attack strategies. It is difficult to forecast and successfully defend against emerging threats in this dynamic environment. Over time, the number of vulnerabilities in car systems has steadily increased, according to the National Vulnerability Database. For instance, as automobiles integrate more complicated software, the potential of such vulnerabilities increases, demanding constant monitoring and updates. Hackers frequently exploit flaws in software components.

Wireless connectivity is expected to account for a significant market share by the connectivity type segment

The global Automotive Cybersecurity market is mainly classified based on security type, connectivity type, application, vehicle type, and form. On the basis of security type, the market is segmented into network security, endpoint security, and application security. Based on the connectivity type, the market is classified into wired connectivity and wireless connectivity. By application, the market is categorized into telematics, infotainment, communication systems, body control & comfort, powertrain systems, and ADAS & safety. On the basis of vehicle type, the market is segmented into passenger cars and commercial cars. By form, the market is divided into external cloud services and In-vehicle.
Based on the connectivity type, wireless connectivity held a significant and growing market share in the Automotive Cybersecurity Industry. Vehicle connectivity has grown because of the spread of wireless technologies like Bluetooth, Wi-Fi, and cellular networks. The proliferation of connected vehicles, increasing demand for advanced features, and convenience and accessibility are the major drivers for market growth globally. The emergence of connected vehicles has been fueled by the growing integration of wireless technologies into automobiles, improving driver experiences and enabling cutting-edge functionality. According to Statista, there will be about 330 million linked cars on the road worldwide by 2025. As an illustration, wireless connectivity makes it possible for features like smartphone integration, over-the-air updates, and remote vehicle monitoring, which improves ease and user experience.
Wireless technologies are becoming more popular because consumers demand seamless connectivity, infotainment, navigation, and remote-control features in their cars. More than 60% of buyers prefer connectivity features when thinking about buying a new vehicle, according to Deloitte. As an illustration, hands-free calling, streaming, and navigation services are made possible via wireless connectivity, improving driver convenience and safety. The overall driving experience is improved with wireless connectivity, which makes it simple to access communication, navigation, and infotainment services. Without taking their hands off the wheel, drivers may use voice commands to initiate calls, send messages, or access the navigation system.

Interesting Facts of Automotive Cybersecurity Market.

• On the basis of security type, network security had a sizable market share due to its crucial function in safeguarding vehicle communication and data transmission inside connected systems. Network security is a crucial component of protecting connected automobiles since it focuses on preventing unauthorized access to networks and cyber threats.
• Based on the connectivity type, wireless connectivity held a significant and growing market share in the Automotive Cybersecurity Industry. Vehicle connectivity has grown because of the spread of wireless technologies like Bluetooth, Wi-Fi, and cellular networks.
• By application, the telematics and infotainment segments were considered to hold a significant market share in the Automotive Cybersecurity Industry. While infotainment includes entertainment and information systems inside vehicles, telematics entails the integration of telecommunications and informatics to communicate data, such as vehicle diagnostics and location.
• On the basis of vehicle type, passenger cars held a larger market share in the Automotive Cybersecurity Industry compared to commercial vehicles. This is due to the greater customer acceptance and market size of passenger cars.
• By form, the external cloud services segment held a significant market share in the Automotive Cybersecurity Industry. To deliver automotive cybersecurity solutions, external cloud providers make use of distant servers and computer power.
• Asia Pacific is a dynamic hub for the growth of the automotive cybersecurity market due to the increased use of connected vehicles and technology. In order to meet the rising demand for cutting-edge automotive technologies, nations like China, Japan, and South Korea are investing in cybersecurity measures while simultaneously placing a strong emphasis on data protection and regulatory compliance
• Europe is leading the automotive cybersecurity market owing to its thriving automotive industry and strict data protection laws. The adoption of all-encompassing cybersecurity solutions within the automotive industry is driven by the European Union's concentration on digitalization together with its emphasis on customer data privacy through rules like GDPR.

North America will account for the largest share of the Automotive Cybersecurity industry.

North America is expected to grab the top position due to the early adoption of connected vehicles, technology invocation hub, and regulatory emphasis on safety and security. The United States in particular is a hub for technical innovation and research on a worldwide scale. This encourages the creation of cutting-edge vehicle technologies, such as cybersecurity options. The United States is home to well-known tech behemoths, cybersecurity businesses, and automakers who fund cybersecurity R&D. Due to North America's leadership in the adoption of connected car technology, there is a greater need for efficient cybersecurity protections for these electronic systems. For instance, in 2020, there were over 20 million connected automobiles on American roads, according to Statista.
Automotive safety and cybersecurity have been given top priority by North American regulatory organizations, such as the National Highway Traffic Safety Administration (NHTSA) in the U.S., forcing manufacturers to install strong security mechanisms. Guidelines for automakers were released by the U.S. Department of Transportation to maintain cybersecurity and guard against hacking hazards. In order to create comprehensive solutions, partnerships between technology companies, cybersecurity specialists, and automakers are encouraged by North America's collaborative ecosystem. To improve automotive cybersecurity, cooperative projects like Auto-ISAC (Automotive Information Sharing and Analysis Center) encourage information sharing and best practices.

Global Automotive Cybersecurity Market Key Players:

Some of the major competitors in the global Automotive Cybersecurity market include HARMAN International, Honeywell International Inc, Trillium Secure, Argus Cyber Security, Upstream Security, Karamba Security, GuardKnox Cyber Technologies, NXP Semiconductors, BlackBerry Limited, Symantec Corporation, Aptiv PLC, and Continental AG.
Automotive Cybersecurity is extremely competitive with aggressive market strategies of global and regional companies looking to strengthen market position through new product launches and facility expansions. The following are some recent market developments:

• HARMAN and Airbiquity teamed in 2021 to offer a comprehensive end-to-end cybersecurity solution in order to ensure secure over-the-air upgrades and data security for connected and autonomous vehicles.
• Argus is a division of Continental AG. 2020 had seen the integration of cutting-edge cybersecurity capabilities into Qualcomm Technologies' automotive products, boosting defense against cyber threats.
• BlackBerry teamed up with Amazon Web Services (AWS) in 2021 in order to enable automakers to safely analyze car data for insights while ensuring data privacy.
• Continental will offer cybersecurity solutions for Apollo's autonomous driving platform in order to improve the safety and security of autonomous vehicles, Continental announced its partnership with Baidu Apollo in 2020.
• The Forge Cybersecurity Suite from Honeywell was released in 2021, providing customers in the industrial and connected vehicle sectors with cutting-edge security features and threat detection capabilities.

Frequently asked questions about the global Automotive Cybersecurity market

Q: What is the current size of the global Automotive Cybersecurity market?
Ans: The Automotive Cybersecurity market was valued at XX million US$ in 2022 and is projected to reach XX million US$ by 2030, at a CAGR of XX% during the forecast period.

Q: What are the major opportunities in the Automotive Cybersecurity industry?
Ans: Integration of AI and Machine Learning for Advanced Threat Detection and Prevention are the major opportunities.

Q: What is the major growth driving factor for the Automotive Cybersecurity industry?
Ans: Adoption of Connected and Autonomous Vehicles, Increasing the Vulnerability to Cyber Threats are the major driving factors for the market growth.

Q: Which region is expected to have the largest share of the Automotive Cybersecurity market?
Ans: North American region is expected to have the largest share of the Automotive Cybersecurity market

Q: Which security type segment will dominate the Automotive Cybersecurity market?
Ans: On the basis of security type, network security had a sizable market share due to its crucial function in safeguarding vehicle communication and data transmission inside connected systems. Network security is a crucial component of protecting connected automobiles since it focuses on preventing unauthorized access to networks and cyber threats.