Automotive Cyber Security Market by Offering (Hardware, Software), Security (Application Security, Endpoint Security, Wireless Network Security), Application, Vehicle - Global Forecast 2024-2030

Automotive Cyber Security Market by Offering (Hardware, Software), Security (Application Security, Endpoint Security, Wireless Network Security), Application, Vehicle - Global Forecast 2024-2030

The Automotive Cyber Security Market size was estimated at USD 3.63 billion in 2023 and expected to reach USD 4.23 billion in 2024, at a CAGR 17.17% to reach USD 11.01 billion by 2030.

Automotive cyber security refers to the measures and practices implemented to protect vehicles from cyber threats and unauthorized access to their electronic systems. As modern vehicles become increasingly connected and reliant on digital technologies, the need for comprehensive security solutions to safeguard against hacking, data breaches, and other forms of cyber attacks has become crucial. Increasing adoption of advanced telematics and cellular systems in automotive vehicles driving the growth of the market. Additionally, the greater adoption of connected and autonomous vehicles increases vulnerability to cyber threats, which simultaneously increases the deployment of automotive cyber security solutions. However, the high costs associated with the development and implementation of advanced security solutions limit the adoption of automotive cybersecurity solutions. Furthermore, the integration of new technologies based on artificial intelligence and machine learning to enhance automotive cybersecurity creates potential opportunities for market growth.

Regional Insights

In the American region, the automotive cybersecurity market is driven by stringent government regulations and high consumer awareness about data privacy. Customers in the American region show a preference for brands that prioritize security features. Investment in research and development by major automotive and tech companies is robust, leading to a regular influx of new patents aimed at securing connected vehicles against cyber threats. The European Union has been proactive in addressing automotive cyber security, with regulations such as the General Data Protection Regulation (GDPR) impacting how vehicle data is handled. European government initiatives focus on enhancing cybersecurity across all sectors, including automotive. In the EU, customer purchasing behavior is heavily influenced by the reputation of a brand's security measures, with many consumers placing a premium on vehicles that offer advanced safety and security technologies. The Middle East is witnessing a dynamic change in the automotive cybersecurity market. With substantial investments in smart city initiatives, there is a corresponding increase in awareness and the need for robust vehicle cyber security solutions. The region is seeing a growth in luxury and connected vehicles, which are prime targets for cyber threats, thus propelling consumer demand for effective protection measures. The APAC region is advancing in the automotive cyber security domain. The APAC region government has taken steps to implement cyber security standards specific to the automotive industry. Customers across the region are increasingly aware of cyber security, which influences their purchasing decisions. Major investments in smart vehicles and connectivity infrastructure are indicative of the growing emphasis on automotive cyber security.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Cyber Security Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Adoption of advanced telematics and cellular systems in automotive vehicles
• Government awareness programs and initiatives promoting vehicle cybersecurity
• Rising adoption of keyless entry systems in automobiles

Market Restraints

• Technical complications of maintaining the security of automotive vehicles

Market Opportunities

• Integration of new technologies based on AI and ML to enhance automotive cybersecurity
• Emerging utilization of connected cars and self-driving vehicles

Market Challenges

• Integration issues of cybersecurity solutions with certain vehicle infrastructure

Market Segmentation Analysis

• Offering: Development in software suites with enhanced capabilities to detect and respond to threats for commercial vehicles
• Security: Increasing preference for robust application security solutions due to the potential impact of a breach
• Application: Rising adoption of cybersecurity in ADAS and safety systems to protect vehicular control systems from malicious attacks
• Vehicle: Expanding application of cybersecurity in commercial vehicles with higher focus on operational integrity and fleet data security

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Cyber Security Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Cyber Security Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Argus Cyber Security Launches New Penetration Testing Lab in Detroit

Argus Cyber Security has inaugurated a new penetration testing laboratory in Detroit, Michigan. This state-of-the-art facility is designed to cater to the increasing demands of North American Original Equipment Manufacturers (OEMs) and Tier 1 suppliers requiring localized cyber security penetration testing services. The establishment of this lab enhances service provision within the region but also underscores Argus's commitment to advancing automotive cyber security.

dSPACE and Argus Cyber Security Forge Partnership to Enhance Automotive Cybersecurity

dSPACE has partnered with Argus Cyber Security to enhance the security and development of automotive embedded systems. This collaboration integrates Argus's advanced Argus Fuzzing tool into dSPACE’s SCALEXIO Hardware-in-the-Loop (HIL) systems. This fusion aims to bolster automotive cyber resilience by improving the efficiency of continuous integration, delivery, and testing processes in vehicle systems. This strategic move strengthens cybersecurity measures and streamlines development workflows in the automotive industry.

Tata Elxsi and IISc Collaborate to Develop Advanced Automotive Cybersecurity Solution

Tata Elxsi, in collaboration with the Indian Institute of Science, is developing a cutting-edge automotive cybersecurity solution to counter contemporary challenges in increasingly complex vehicle networks and software systems. This initiative, which arises from their partnership agreement, aims to enhance vehicular security, protecting against risks such as theft, unauthorized control, and data breaches, prompted by heightened connectivity.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Cyber Security Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Cyber Security Market, highlighting leading vendors and their innovative profiles. These include Aptiv PLC, Argus Cyber Security Ltd. by Continental AG, AT&T Inc., BlackBerry Limited, Broadcom Inc., C2A Security, Capgemini SE, Cisco Systems, Inc, Cybellum Ltd., Dellfer, Inc., Denso Corporation, ETAS GmbH by Robert Bosch GmbH, GuardKnox Cyber Technologies Limited., Harman International by Samsung Electronics Co., Ltd., Horiba, Ltd., Intertrust Technologies Corporation., Karamba Security Ltd., NVIDIA Corporation, NXP Semiconductors, RunSafe Security, Sheelds Cyber Ltd., Thales Group, Upstream Security Ltd., and Vector Informatik GmbH.

Market Segmentation & Coverage

This research report categorizes the Automotive Cyber Security Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Offering
• Hardware
• Software
• Security
• Application Security
• Endpoint Security
• Wireless Network Security
• Application
• ADAS & Safety System
• Body Control & Comfort System
• Communication System
• Infotainment System
• Powertrain System
• Telematics System
• Vehicle
• Commercial Vehicle
• Passenger Car
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year