Automotive Cyber Security Market

Automotive Cyber Security Market Overview

The report is titled as ‘Automotive Cyber Security Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Automotive Cyber Security Market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The automotive cyber security market is estimated to reach at a value of US$ 24.2 Bn by the end of 2022 and expected to reach at a value of US$ 119.6 Bn by 2030 with a significant CAGR of 22.2%.

Automotive Cyber Security Introduction

Cybersecurity, against the backdrop of automotive industry and road vehicles, can be perceived as the security of automotive electronic systems, control algorithms, communication networks, users, software, and inherent data from malevolent damage, attacks, unauthorized access, or manipulation. The swift transition by the majority of the automotive companies to electronic road vehicles has primarily transformed the industry, as a result, elevating the connectivity and smart features in cars. Now as vehicles become smarter and more connected, electric vehicles (EVs) also become more plausible on software for vehicle functions, boosting more advanced attributes and functionality to improve the driving experience. More functionality and features in transportation vehicles lead to more code and more intricacies. Greater volume of code further gives rise to more difficulties. Issues such as a higher vehicle attack surface is likely to pave its way to fragilities and exposures for attackers to exploit to regulate and take the control of the vehicle. This puts forward critical safety problems and cybersecurity concerns that ultimately stimulates the need of an effective automotive cyber security system across the market. Owing to which, the global automotive cyber security market is projected to witness significant growth over the forthcoming future.

Automotive Cyber Security Market Segmentation

The global automotive cyber security market is segmented on the basis of form, component, application, vehicle, and region

By Form

In-Vehicle

External Cloud Service

By Component

Hardware

Hardware Security Modules (HSMs)

Secure Vehicle Network Gateways

Trusted Platform Modules (TPM)

Others

Software

Embedded Firewalls

Encryption & Cryptography

Biometrics & Authentication

Others

Services

Professional Services

Security Consulting & Risk Assessment

Integration & Deployment

Support & Maintenance

Managed Security Services

By Application

Telematics

Infotainment Systems

Powertrain Systems

ADAS & Safety Systems

Body Control Systems

Others

By Vehicle

Fuel-based Vehicles

Passenger Cars

Commercial Vehicles

Electric Vehicles

Passenger Cars

Commercial Vehicles

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Automotive Cyber Security Market Key Players

Some of the key participating players in global automotive cyber security market are:

ESCRYPT

Continental AG

Bosch Limited

HARMAN International

DENSO CORPORATION

Aptiv

Karamba Security

SafeRide Technologies

ARILOU Automotive Cyber Security, part of NNG Group

GUARDKNOX

Infineon Technologies AG

Argus Cyber Security Ltd.

Intel Corporation

Lear Corporation

SBD Automotive Ltd

Honeywell International Inc.

Vector Informatik GmbH

NXP Semiconductors

Capgemini

secunet

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Automotive Cyber Security

Advantages of Automotive Cyber Security

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.