Market Insights and Analysis: Global Automotive Cybersecurity Market Overview and Projections (2024-2030)
The Global Automotive Cybersecurity Market size was valued at USD 3.4 billion in 2023 and is projected to reach USD 12.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 19.5% during the forecast period, i.e., 2024-30. In recent years, the expansion in the number of connected cars on the road has been amplifying the demand for automotive cybersecurity solutions. This is primarily because connected cars require extensive software solutions to facilitate smooth connectivity, which results in generating a large volume of datasets as well.
Top leading companies in the Global Automotive Cybersecurity Market includes:
Infineon Technologies AG, Continental AG (Argus Cyber Security), Robert Bosch GmbH (ESCRYPT GmbH), Garrett Motion Inc., Intel Corporation,, Aptiv Plc., C2A Security, Harman International, Industries, Inc., Denso Corporation, Honeywell International Inc., SBD Automotive, NNG Software Developing and Commercial Llc., Karamba Security, Vector Informatik GmbH, and others.
Global Automotive Cybersecurity Market Driver:
Ride-sharing Companies Expanding Worldwide – With the increasing populace, which is becoming more urbanized, the workforce is also growing. Hence, in the past few years, the usage of ride-sharing has been amplified. Therefore, ride-sharing companies have been receiving government support in various countries, to fulfill the growing demand for their services worldwide.
The ride-sharing service not only brings ease to consumers but also helps in reducing traffic on roads. Services like these have resulted in high demand, justified by the high level of comfort they offer to consumers. These services are further enabled to deliver greater consumer comfort, along with traffic reduction. Furthermore, these services are designed to mine sensitive user information, such as personal details & travel routes, so cybersecurity is of utmost importance. Hence, ride-sharing services have been contributing to driving the Automotive Cybersecurity Market. Further, ride-sharing companies are also coming up with advanced technology and solutions to enhance their consumer experience and gain market leadership in the forecast years.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Offering
-Hardware – Market Size & Forecast 2019-2030F, USD Million
-Software – Market Size & Forecast 2019-2030F, USD Million
By Vehicle Type
-Passenger Vehicles – Market Size & Forecast 2019-2030F, USD Million
-Light Commercial Vehicle (LCV) – Market Size & Forecast 2019-2030F, USD Million
-Medium & Heavy Commercial Vehicles (MHCV) – Market Size & Forecast 2019-2030F, USD Million
By Propulsion
-ICE Vehicles – Market Size & Forecast 2019-2030F, USD Million
-Electric Vehicles – Market Size & Forecast 2019-2030F, USD Million
By Vehicle Autonomy
-Non-autonomous Vehicles – Market Size & Forecast 2019-2030F, USD Million
-Semi-autonomous Vehicles – Market Size & Forecast 2019-2030F, USD Million
-Autonomous (Driverless) Vehicles – Market Size & Forecast 2019-2030F, USD Million
By Deployment Type
-Embedded – Market Size & Forecast 2019-2030F, USD Million
-Integrated (Cloud-based) – Market Size & Forecast 2019-2030F, USD Million
By Application
-Body Control & Comfort – Market Size & Forecast 2019-2030F, USD Million
-ADAS & Safety Systems – Market Size & Forecast 2019-2030F, USD Million
-Telematics System – Market Size & Forecast 2019-2030F, USD Million
-Infotainment System – Market Size & Forecast 2019-2030F, USD Million
-Powertrain System – Market Size & Forecast 2019-2030F, USD Million
-Other (On-board Diagnostics, Operational Data, etc.) – Market Size & Forecast 2019-2030F, USD Million
By Security
-Application Security – Market Size & Forecast 2019-2030F, USD Million
-Wireless Network Security – Market Size & Forecast 2019-2030F, USD Million
-Endpoint Security – Market Size & Forecast 2019-2030F, USD Million
-Others (Network Security, Cloud Security, etc.) – Market Size & Forecast 2019-2030F, USD Million.
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Global Automotive Cybersecurity Market Geographic Reach:
The Geographic Reach of the Global Automotive Cybersecurity Market evaluates the spread and significance of Global Automotive Cybersecurity market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA.
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