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Global Automotive Cyber Security Market 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)), Application (Telematics, Infotainment Systems, Powertrain Systems, ADAS & Safety Systems, Body Control Systems, Others) Vehicle (Fuel-based Vehicles, Passenger Cars, Commercial Vehicles, Electric Vehicles, Passenger Cars, Commercial Vehicles)and Region - Global Forecast to 2028

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The automotive cyber security market is projected to grow at a CAGR of 16.40%, with an estimated market size of USD 1.8 billion in 2021 to USD 4.5 billion by 2028. The rising use of cutting-edge technology in the automotive industry is fueling the surge in demand for an effective and efficient security system. Demand will rise due to increasing cyber threats to the automotive and transportation industries. Increasing intercity transportation and logistics services will further contribute to the growth and expansion of the automobile cyber security market. The industry will also have greater opportunities as consumer demand for modern-technology-equipped commercial and passenger vehicles grows along with personal income. The expansion of governmental standards and regulations for connected vehicles has influenced the adoption of cyber security in the automotive industry. Furthermore, the major growth inhibitor for the automotive cyber security market, however, is the high cost of installing the cyber security systems and the high cost of new vehicles in which the system is already built-in. Lack of technology development combined with a lack of awareness in less developed nations may further impede market development.
 
Automotive Cyber Security Market Dynamics

Drivers: Increased use of electronics per vehicle and a growing number of connected cars

A vehicle's overall weight has recently decreased because of electrification. Consequently, the automotive industry's demand for electronics has grown quickly. Automobiles are more susceptible to cyberattacks due to the growing use of electronics. Cyberattacks could target the electronic parts used in telematics, infotainment, engine, body, communication, and ADAS systems, among other uses. As a result, stakeholders have begun to spend money on cybersecurity technologies to provide reliable electronic platforms for cars. Increasing vehicle connectivity has increased a vehicle's vulnerability to cyberattacks. As a result, the market is expanding due to rising connected vehicle sales and increased use of electronics in vehicles.

Restraints: Growing complexity in the electronic vehicle system

Electronic driver assistance systems are becoming increasingly popular due to rising demand for vehicle safety in terms of accident prevention, driver safety, and sophisticated communication & data safety (parking, lane assist, speed regulation, blind spot detection, pre-collision warning, etc.). The complexity of automotive electronic architectures has increased, giving hackers more opportunities to compromise a vehicle. These opportunities include automatic cooling, seat adjustment with memory, automatic tailgate opening, and performance control. To mitigate these issues, the hardware would need to be physically strengthened, and more complex software solutions, increasing implementation costs for OEMs and impeding market expansion.

Opportunities: Introduction of electric vehicle wireless battery management system

Wireless battery management systems (WBMS) have opened up a tremendous global market opportunity for OEMs. For the next generation of E.V.s, wBMS can reduce the volume of battery packs by up to 15% and up to 90% of the wiring. In addition, the battery life span is extended in this new system. As a result, the wireless power pack management system must maintain a strict security procedure. The company's new wBMS, which builds on its established, market-leading BMS battery cell measurement technology, integrates all integrated circuits, hardware, and software for power, battery management, R.F. communication, and a single system-level solution that offers ASIL-D safety and module-level security by combining many system functions. As a result, it is anticipated that the market for cybersecurity solutions will expand along with the popularity of wBMS.

The service category is estimated to be the largest growth in the steam engine market during the forecast period

The service category dominated the market. As endpoint applications like radio, mobile, and smart antenna are increasingly used in automobiles, there is a rising need for in-vehicle services. Due to the advancement of cloud infrastructure and framework, external cloud services are the market sector expanding at the highest rate. Since autonomous vehicles produce a significant amount of data, cloud services provide a highly reliable technology. Additionally, as the number of vehicles and gadgets connected to the cloud increases, cloud technology will lead to greater information sharing.

ADAS & safety systems are estimated to be the largest growing market category during the forecast period

The ADAS &safety systems segment is projected to grow the fastest during the forecast period. The market is now seeing ground-breaking developments in ADAS and autonomous driving technologies, which is anticipated to increase demand for a continuous connection from the car's ECU to several cloud services that improve sensor processing and subsequent vehicle maneuvering.

The North American segment is estimated to be the largest growing market during the forecast period

North America is the largest automotive cyber security market, projected to grow fastest during the forecast period. The rising demand for highly connected automobiles and the rise of several cybersecurity and automotive companies are the main factors driving the growth of the automotive cyber security market in North America. Government collaboration projects and initiatives from top tech companies will increase the market's size even more. For instance, the U.S. Department of Transportation has urged the area's automakers to collaborate with researchers and share their cybersecurity-related work to better prepare for potential vehicle-related attacks. The region's growth will also be fueled by rising investments and crucial actions by the local government to combat cyberattacks in the automotive industry.

Key Market Players

The automotive cyber security market is dominated by a few global players and comprises several regional players. Some key manufacturers operating in the market are Continental (Argus Cyber Security), Guardknox Cyber-Technologies Ltd., Vector Informatik GmbH, Karamba Security, Synopsys, Upstream Security, Sectigo Limited, ESCRYPT, RunSafe Security, Inc., Trend Micro, Harman InternationalX Trillium Secure Inc., STMicroelectronics, Infineon Technologies AG, NXP Semiconductors, Bosch Mobility Solutions, Microchip Technology, Aptiv and Irdeto.

Recent Developments
  • In November 2021, to provide improved driving experiences, convenience, and services like over-the-air upgrades across its global fleet of vehicles, including the 2021 Ford F-150 truck, Mustang Mach-E, and Bronco SUVs, NXP Semiconductors cooperated with Ford Motor Company.
  • In October 2021, to create more sophisticated Wi-Fi connectivity capabilities and provide end-to-end connectivity solutions for clients and access points, Renesas Electronic Corporation bought Celeno Communications (Israel).
  • In September 2021, the Renault Mégane E-TECH 100% electric, scheduled to go on sale in 2022, will have a Harman Kardon sound system thanks to a partnership between Harman International and Renault (France).
  • In August 2021, in collaboration with experts from Virginia Tech, the University of Queensland, and the Gwangju Institute of Science and Technology, researchers at the U.S. Army Research Laboratory created a system named "DESOLATOR" to help improve the moving target defense, a well-known cyber security strategy.
Segmentation of Global Automotive cyber security Market-

Global Automotive Cyber Security Market – 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
 Global Automotive Cyber Security Market – By Application
  • Telematics
  • Infotainment Systems
  • Powertrain Systems
  • ADAS & Safety Systems
  • Body Control Systems
  • Others
Global Automotive Cyber Security Market – By Vehicle
  • Fuel-based Vehicles
  • Passenger Cars
  • Commercial Vehicles
  • Electric Vehicles
  • Passenger Cars
  • Commercial Vehicles
Global Automotive Cyber Security Market – By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa
CHAPTER NO. 1 :    Preface

            1.1.    Report Scope and Description
                        1.1.1.    Study Purpose
                        1.1.2.    Target Audience
                        1.1.3.    USP and Key Offerings
            1.2.    Key Benefits for Stakeholders
            1.3.    Report Scope

CHAPTER NO. 2 :    Report Summary

            2.1.    Key Findings
                        2.1.1.    Top Investment Pockets
                                    2.1.1.1.    Automotive Cyber Security Market Attractiveness Analysis, By Component
                                    2.1.1.2.    Automotive Cyber Security Market Attractiveness Analysis, By Application
                                    2.1.1.3.    Automotive Cyber Security Market Attractiveness Analysis, By Vehicle
                                    2.1.1.4.    Automotive Cyber Security Market Attractiveness Analysis, By Region
            2.2.    Market Snapshot: Global Automotive Cyber Security Market
            2.3.    Global Automotive Cyber Security Market, 2022 – 2028 (US$ Mn)

CHAPTER NO. 3 :    COVID 19 IMPACT ANALYSIS

            3.1.    Impact Assessment of COVID-19 Pandemic, By Region
                        3.1.1.    North America: Impact of COVID-19 Pandemic
                        3.1.2.    Europe: Impact of COVID-19 Pandemic
                        3.1.3.    Asia Pacific: Impact of COVID-19 Pandemic
                        3.1.4.    Latin America: Impact of COVID-19 Pandemic
                        3.1.5.    The Middle-East and Africa: Impact of COVID-19 Pandemic
            3.2     Key Strategies Undertaken by Companies to Tackle COVID-19
            3.3.    Quarterly Market Revenue by Region 2021 & 2022
            3.4.    Pre COVID-19 Market Revenue, By Region, 2016-2019 (US$ Mn)
            3.5.    Post COVID-19 Market Revenue, By Region, 2020-2028 (US$ Mn)
            3.6.    Short Term Dynamics
            3.7.    Long Term Dynamics

CHAPTER NO. 4 :    Automotive Cyber Security Market – BY Component SEGMENT ANALYSIS

            4.1.    Automotive Cyber Security Market Overview, by Component Segment
                        4.1.1.    Automotive Cyber Security Market Revenue Share, By Component, 2021 & 2028
            4.2.    Hardware
            4.3.    Software
            4.4.    Services

CHAPTER NO. 5 :    Automotive Cyber Security Market – BY Application SEGMENT ANALYSIS

            5.1.    Automotive Cyber Security Market Overview, by Application Segment
                        5.1.1.    Automotive Cyber Security Market Revenue Share, By Application, 2021 & 2028
            5.2.    Telematics
            5.3.    Infotainment Systems
            5.4.    Powertrain Systems
            5.5.    ADAS & Safety Systems
            5.6.    Body Control Systems
            5.7.    Others

CHAPTER NO. 6 :    Automotive Cyber Security Market – BY Vehicle SEGMENT ANALYSIS

            6.1.    Automotive Cyber Security Market Overview, by Vehicle Segment
                        6.1.1.    Automotive Cyber Security Market Revenue Share, By Vehicle, 2021 & 2028
            6.2.    Fuel-based Vehicles
            6.3.    Passenger Cars
            6.4.    Commercial Vehicles
            6.5.    Electric Vehicles
            6.6.    Passenger Cars
            6.7.    Commercial Vehicles

CHAPTER NO. 7 :    Automotive Cyber Security Market – REGIONAL ANALYSIS

            7.1.    Automotive Cyber Security Market Overview, by Region Segment
                        7.1.1.    Global Automotive Cyber Security Market Revenue Share, By Region, 2021 & 2028
                        7.1.2.    Global Automotive Cyber Security Market Revenue, By Region, 2017 – 2028 (US$ Mn)
                        7.1.3.    Global Automotive Cyber Security Market Revenue, By Component, 2017 – 2028 (US$ Mn)
                        7.1.4.    Global Automotive Cyber Security Market Revenue, By Application, 2017 – 2028 (US$ Mn)
                        7.1.5.    Global Automotive Cyber Security Market Revenue, By Vehicle, 2017 – 2028 (US$ Mn)
            7.2.    North America
                        7.2.1.    North America Automotive Cyber Security Market Revenue, By Country, 2018 – 2028 (US$ Mn)
                        7.2.2.    North America Automotive Cyber Security Market Revenue, By Component, 2018 – 2028
                        7.2.3.    North America Automotive Cyber Security Market Revenue, By Application, 2018 – 2028
                        7.2.4.    North America Automotive Cyber Security Market Revenue, By Vehicle, 2018 – 2028
                        7.2.5.    U.S. Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.2.6.    Canada Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.2.7.    Mexico Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
            7.3.    Europe
                        7.3.1.    Europe Automotive Cyber Security Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.3.2.    Europe Automotive Cyber Security Market Revenue, By Component, 2022 – 2028
                        7.3.3.    Europe Automotive Cyber Security Market Revenue, By Application, 2022 – 2028
                        7.3.4.    Europe Automotive Cyber Security Market Revenue, By Vehicle, 2022 – 2028
                        7.3.5.    Germany Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.6.    France Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.7.    U.K. Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.8.    Italy Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.9.    Spain Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.10.    Rest of Europe Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
            7.4.    Asia Pacific
                        7.4.1.    Asia Pacific Automotive Cyber Security Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.4.2.    Asia Pacific Automotive Cyber Security Market Revenue, By Component, 2022 – 2028
                        7.4.3.    Asia Pacific Automotive Cyber Security Market Revenue, By Application, 2022 – 2028
                        7.4.4.    Asia Pacific Automotive Cyber Security Market Revenue, By Vehicle, 2022 – 2028
                        7.4.5.    China Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.6.    Japan Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.7.    India Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.8.    South Korea Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.9.    South-East Asia Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.10.    Rest of Asia Pacific Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
            7.5.    Latin America
                        7.5.1.    Latin America Automotive Cyber Security Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.5.2.    Latin America Automotive Cyber Security Market Revenue, By Component, 2022 – 2028
                        7.5.3.    Latin America Automotive Cyber Security Market Revenue, By Application, 2022 – 2028
                        7.5.4.    Latin America Automotive Cyber Security Market Revenue, By Vehicle, 2022 – 2028
                        7.5.5.    Brazil Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.5.6.    Argentina Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.5.7.    Rest of Latin America Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
            7.6.    The Middle-East and Africa
                        7.6.1.    The Middle-East and Africa Automotive Cyber Security Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.6.2.    The Middle-East and Africa Automotive Cyber Security Revenue, By Component, 2022 – 2028
                        7.6.3.    The Middle-East and Africa Automotive Cyber Security Market Revenue, By Application, 2022 – 2028
                        7.6.4.    The Middle-East and Africa Automotive Cyber Security Market Revenue, By Vehicle, 2022 – 2028
                        7.6.5.    GCC Countries Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.6.6.    South Africa Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)
                        7.6.7.    Rest of Middle-East Africa Automotive Cyber Security Market Revenue, 2016 - 2028 (US$ Mn)

CHAPTER NO. 8 :    Automotive Cyber Security Market – INDUSTRY ANALYSIS

            8.1.    Introduction
            8.2.    Market Drivers
                        8.2.1.    Driving Factor 1 Analysis
                        8.2.2.    Driving Factor 2 Analysis
            8.3.    Market Restraints
                        8.3.1.    Restraining Factor Analysis
            8.4.    Market Opportunities
                        8.4.1.    Market Opportunity Analysis
            8.5.    Porter’s Five Forces Analysis
            8.6.    PEST Analysis
            8.7.    Regulatory Landscape
            8.8.    Technology Landscape
            8.9.    Value Chain Analysis

CHAPTER NO. 9 :    COMPETITIVE LANDSCAPE

            9.1.    Company Market Share Analysis – 2021
                        9.1.1.    Global Automotive Cyber Security Market: Company Market Share, 2022
                        9.1.2    Global Automotive Cyber Security Market: Company Market Share, 2022
            9.2.    Strategic Developments
                        9.2.1.    Acquisitions & Mergers
                        9.2.2.    New Product Launch
                        9.2.3.    Regional Expansion
            9.3.    Company Strategic Developments – Heat Map Analysis

CHAPTER NO. 10 : COMPANY PROFILES

            10.1.    Continental (Argus Cyber Security)
                        10.1.1.    Company Overview
                        10.1.2.    Key Executives
                        10.1.3.    Product Portfolio
                        10.1.4.    Financial Overview
                        10.1.5.    Operating Business Segments
                        10.1.6.    Business Segment Performance
                        10.1.7.    Recent Developments
            10.2.    Guardknox Cyber-Technologies Ltd.
            10.3.    Vector Informatik GmbH
            10.4.    Karamba Security
            10.5.    Synopsys
            10.6.    Upstream Security
            10.7.    Sectigo Limited
            10.8.    ESCRYPT
            10.9.    RunSafe Security Inc.
            10.10.    Trend Micro
            10.11.    Harman InternationalX Trillium Secure Inc.
            10.12.    STMicroelectronics
            10.13.    Infineon Technologies AG
            10.14.    NXP Semiconductors
            10.15.    Bosch Mobility Solutions
            10.16.    Microchip Technology
            10.17.    Aptiv and Irdeto.

CHAPTER NO. 11 :    RESEARCH METHODOLOGY

            11.1.    Research Methodology
            11.2.    Phase I - Secondary Research
            11.3.    Phase II - Data Modeling
                        11.3.1.    Company Share Analysis Model
                        11.3.2.    Revenue Based Modeling
            11.4.    Phase III - Primary Research
            11.5.    Research Limitations
                        11.5.1.    Assumptions
 
No Methodology
No Available