Automotive Cyber Security Market Outlook and Forecast Analysis by Types to 2025

 Automotive Cyber Security Industry Overview

The global automotive cybersecurity market size was valued at USD 1.44 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 21.4% from 2019 to 2025.

The growing emphasis on OEMs on autonomous driving and connected car systems have increased the risk of data breaching, thus augmenting the demand for cybersecurity solutions in the automotive market. Moreover, increasing usage of e-mobility across the globe is expected to drive the market.

Gather more insights about the market drivers, restrains and growth of the Global Automotive Cyber Security market

Trends, such as robust connectivity, machine learning, 3D printing, and social network of things, will continue to gain traction. Significant developments in the automotive industry augmenting the use of Battery Management Systems (BMS) and sensors are resulting in a more feasible and viable cybersecurity solution. Hence, technological advancements in autonomous and semi-autonomous vehicles trigger the demand for automotive cybersecurity policies resulting in increasing data and expansion in networking capacities.

Cloud and mobile computing technologies unfold several opportunities for the market. Development of a reliant cloud software infrastructure, open-car standard interfaces, mobile cross platforms, and automotive data taxonomy offers several growth avenues to the market. The industry is continuously evolving to enable smartphone support with car systems for autonomous vehicles.

This is expected to offer lucrative growth opportunities for the implementation of intelligent transport systems. Rising cases of malicious attacks due to increased adoption of connected cars will also drive the market. However, safety issues, commonly accepted standards, and financial impacts are some of the factors that may hamper the growth.

Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

  • Autonomous Vehicles Market - The global autonomous vehicles market demand was estimated at 51.6 thousand units in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 53.6% from 2022 to 2030.
  • Connected Car Market - The global connected car market size was estimated at over USD 24 billion in 2014 and is expected to grow at a CAGR of approximately 28% over the forecast period.

Automotive Cyber Security Market Segmentation

Grand View Research has segmented the global automotive cybersecurity market based on application, security, vehicle type, service, and region:

  • Automotive Cyber Security Outlook (Revenue, USD Million, 2019 - 2025)
    • Endpoint
    • Application
    • Wireless Network
  • Automotive Cyber Security Vehicle Type Outlook (Revenue, USD Million, 2019 - 2025)
    • Passenger Car
    • Commercial Vehicle
    • Electrical Vehicle
  • Automotive Cyber Security Application Outlook (Revenue, USD Million, 2019 - 2025)
    • ADAS & Safety System
    • Infotainment
    • Body Electronics
    • Powertrain
    • Telematics
  • Automotive Cyber Security Service Outlook (Revenue, USD Million, 2019 - 2025)
    • In-vehicle Services
    • External Cloud Services
  • Automotive Cyber Security Regional Outlook (Revenue, USD Million, 2019 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Market Share Insights

  • November 2021: NXP Semiconductors collaborated with Ford Motor Company to deliver enhanced driver experiences, convenience, and services like over-the-air updates across its global fleet of vehicles, including the 2021 Ford F-150 pickup, Mustang Mach-E, and Bronco SUVs.
  • October 2021: Renesas Electronic Corporation acquired Celeno Communications (Israel) to develop more advanced Wi-Fi connectivity capabilities to deliver end-to-end connectivity solutions for clients and access points.

Key Companies profiled:

Some prominent players in the global automotive cyber security market include

  • Argus Cyber Security Ltd.
  • Arilou Technologies
  • Vector Informatik GmbH
  • NXP Semiconductors N.V.
  • HARMAN International
  • Symantec Corporation
  • Denso Corporation
  • Honeywell International, Inc.
  • Guardknox Cyber-Technologies Ltd.

Order a free sample PDF of the automotive cyber security Market Intelligence Study, published by Grand View Research.

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