Automotive Cybersecurity Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The 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.  

Markntel Advisor’s Automotive Cybersecurity Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Automotive Cybersecurity Market drivers, barriers, Automotive Cybersecurity Market Trends, and Key Players in Automotive Cybersecurity Market.

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Automotive Cybersecurity Market Dynamics: 2024-2030

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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Automotive Cybersecurity Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Offering

o   Hardware - Market Size & Forecast 2019-2030F, USD Million

o   Software - Market Size & Forecast 2019-2030F, USD Million

·       By Vehicle Type

o   Passenger Vehicles - Market Size & Forecast 2019-2030F, USD Million

o   Light Commercial Vehicle (LCV) - Market Size & Forecast 2019-2030F, USD Million

o   Medium & Heavy Commercial Vehicles (MHCV) - Market Size & Forecast 2019-2030F, USD Million

·       By Propulsion

o   ICE Vehicles - Market Size & Forecast 2019-2030F, USD Million

o   Electric Vehicles - Market Size & Forecast 2019-2030F, USD Million

·       By Vehicle Autonomy

o   Non-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million

o   Semi-autonomous Vehicles - Market Size & Forecast 2019-2030F, USD Million

o   Autonomous (Driverless) Vehicles - Market Size & Forecast 2019-2030F, USD Million

·       By Deployment Type

o   Embedded - Market Size & Forecast 2019-2030F, USD Million

o   Integrated (Cloud-based) - Market Size & Forecast 2019-2030F, USD Million

·       By Application

o   Body Control & Comfort - Market Size & Forecast 2019-2030F, USD Million

o   ADAS & Safety Systems - Market Size & Forecast 2019-2030F, USD Million

o   Telematics System - Market Size & Forecast 2019-2030F, USD Million

o   Infotainment System - Market Size & Forecast 2019-2030F, USD Million

o   Powertrain System - Market Size & Forecast 2019-2030F, USD Million

o   Other (On-board Diagnostics, Operational Data, etc.) - Market Size & Forecast 2019-2030F, USD Million

·       By Security

o   Application Security - Market Size & Forecast 2019-2030F, USD Million

o   Wireless Network Security - Market Size & Forecast 2019-2030F, USD Million

o   Endpoint Security - Market Size & Forecast 2019-2030F, USD Million

o   Others (Network Security, Cloud Security, etc.) - Market Size & Forecast 2019-2030F, USD Million

·       By Region

o   North America

o   South America

o   Europe

o   The Middle East & Africa

o   Asia-Pacific

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Automotive Cybersecurity Market:

• 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
• Others 

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