Automotive Cybersecurity Market by Offering (Hardware, Software, Services), Security Type (Network Security, Endpoint Security), Deployment Mode, Application (ADAS & Safety, Telematics, and Infotainment), and Geography

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Automotive Cybersecurity Market by Offering (Hardware, Software, Services), Security Type (Network Security, Endpoint Security), Deployment Mode, Application (ADAS & Safety, Telematics, and Infotainment), and Geography-Global Forecast to 2031.

The research report titled 'Automotive Cybersecurity Market by Offering (Hardware, Software, Services), Security Type (Network Security, Endpoint Security), Deployment Mode, Application (ADAS & Safety, Telematics, and Infotainment), and Geography-Global Forecast to 2031', provides an in-depth analysis of the automotive cybersecurity market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The global automotive cybersecurity market is projected to reach $16.7 billion by 2031, at a CAGR of 19.9% from 2024 to 2031.

This market's growth is driven by the increasing number of connected cars, the growing adoption of telematics & cellular networks in the automotive sector, rising incidents of cyberattacks & data breaches, and increasing government mandates for vehicle data protection. These key factors are shaping the market and it's crucial for the audience to be aware of them. However, the high cost of automotive cybersecurity solutions restrains the growth of the automotive cybersecurity market.

The growing cloud-based applications in the automotive industry and the emergence of electric vehicle wireless battery management systems are expected to offer significant opportunities for the market's growth. However, misconceptions & lack of knowledge regarding automotive cybersecurity solutions and the growing complexity of vehicle electronics systems are major challenges for players operating in this market.

The automotive cybersecurity market is segmented based on offering (hardware, software, and services), security type (application security, endpoint security, and network security), deployment mode (in-vehicle and external cloud services), and application (ADAS & safety, body control & comfort, infotainment, telematics, powertrain systems, communication systems, and other applications). This study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, the automotive cybersecurity market is segmented into hardware, software, and services. In 2024, the software segment is expected to account for the largest share of the global automotive cybersecurity market. This segment's large market share is attributed to the increasing number of connected cars, the growing focus on software-centric security capabilities, and the rising vulnerabilities on IoT devices. In addition, the benefits offered by cybersecurity, such as reliability, comprehensive vulnerability coverage, efficiency, and security of real-time applications, further augment the growth of this segment. Moreover, the software segment is projected to register the highest CAGR during the forecast period.

Based on security type, the automotive cybersecurity market is segmented into network security, endpoint security, and application security. In 2024, the network security segment is expected to account for the largest share of the global automotive cybersecurity market. The large market share of this segment is attributed to the rising need to ensure network security via restricted device management in-vehicle terminals, the growing need to detect & prevent attacks on a vehicle, and the increasing need to protect connected network infrastructure. Moreover, the network security segment is projected to register the highest CAGR during the forecast period.

Based on deployment mode, the automotive cybersecurity market is segmented into in-vehicle and external cloud services. In 2024, the in-vehicle segment is expected to account for the largest share of the global automotive cybersecurity market. The large market share of this segment is attributed to the rising concerns about vehicle safety, increased installation of cutting-edge safety devices in automobiles, and the rising use of endpoint applications, such as radio, mobile, and smart antenna, in automobiles. However, the external cloud services segment is anticipated to register a higher CAGR during the forecast period. The growth of this segment is driven by the rise in data breaches and security concerns and the growing number of cloud-connected devices and vehicles.

Based on application, the automotive cybersecurity market is segmented into communication systems, ADAS & safety, body control & comfort, infotainment, telematics, powertrain systems, and other applications. In 2024, the communication systems segment is expected to account for the largest share of the global automotive cybersecurity market. The large market share of this segment is attributed to the rising cyber-attacks, the emergence of electric vehicle wireless battery management systems, and growing cloud-based applications in the automotive industry. Moreover, the communication systems segment is projected to register the highest CAGR during the forecast period.

Based on geography, the automotive cybersecurity market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global automotive cybersecurity market. Asia-Pacific's major market share is attributed to the presence of prominent automotive cybersecurity companies in the region, such as Renesas Electronics Corporation (Japan) and DENSO Corporation (Japan). In addition, the increasing penetration of connected cars, growing cyberattacks, and rising IoT deployment contribute to the growth of this regional market. For instance, according to data from the Ministry of Science and ICT, in 202, there were 10 million IoT device subscriptions in South Korea due to the growing use of connected cars and remote-control services.

Furthermore, Asia-Pacific is expected to register a rapid growth rate during the forecast period. The growth of this regional market is attributed to the economic growth in developing countries, growing cybercrimes, and rising demand for connected features in emerging economies.

Key Players:

The key players operating in the automotive cybersecurity market are Thales Group (France), NXP Semiconductors N.V. (Netherlands), UL LLC (U.S.), HARMAN International (U.S.), Renesas Electronics Corporation (Japan), STMicroelectronics N.V. (Switzerland), Garrett Motion Inc. (Switzerland), Argus Cyber Security Ltd (Israel), Vector Informatik GmbH (Germany), Karamba Security Ltd. (Israel), Synopsys, Inc. (U.S.), DENSO Corporation (Japan), Guardknox Cyber-Technologies Ltd. (Israel), and Infineon Technologies AG (Germany).

Key questions answered in the report-

Which are the high-growth market segments in terms of offering, security type, deployment mode, and application?
What was the historical market size for automotive cybersecurity across the globe?
What are the market forecasts and estimates for 2024-2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the automotive cybersecurity market?
Who are the major players in the automotive cybersecurity market, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the automotive cybersecurity market?
What are the different strategies adopted by the major players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the automotive cybersecurity market, and how do they compete with other players?

Scope of the report:

Automotive Cybersecurity Market-by Offering

Software
Hardware
Services

Automotive Cybersecurity Market-by Security Type

Network Security
Application Security
Endpoint Security

Automotive Cybersecurity Market-by Deployment Mode

In-vehicle
External Cloud Services

Automotive Cybersecurity Market-by Application

ADAS & safety
Body Control & Comfort
Infotainment
Telematics
Powertrain Systems
Communication Systems
Other Applications

Automotive Cybersecurity Market-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa

Product Code: MRICT - 104796

1. Introduction

1.1 Market Definition
1.2 Global Automotive Cybersecurity Market Ecosystem
1.3 Currency & Limitation
- 1.3.1 Currency
- 1.3.2 Limitations
1.4 Key Stakeholders

2. Research Methodology

2.1 Research Approach
2.2 Data Collection & Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
2.3 Market Assessment
- 2.3.1 Market Size Estimation
  - 2.3.1.1 Bottom-up Approach
  - 2.3.1.2 Top-down Approach
  - 2.3.1.3 Growth Forecast
- 2.3.2 Market Share Analysis
2.4 Assumptions for the Study
2.5 Limitation For Study

3. Executive Summary

3.1 Market Analysis, by Offering
3.2 Market Analysis, by Security Type

' 3.3 Market Analysis, by Deployment Mode

3.4 Market Analysis, by Application
3.5 Market Analysis, by Geography

4. Market Insights

4.1 Introduction
4.2 Market Dynamics
- 4.2.1 Drivers
  - 4.2.1.1 Growing Number of Connected Cars
  - 4.2.1.2 Growing Adoption of Telematics and Cellular Networks in the Automotive Sector
  - 4.2.1.3 Increasing Government Mandates for Vehicle Data Protection
- 4.2.2 Restraints
  - 4.2.2.1 High Costs of Automotive Cybersecurity Solutions
- 4.2.3 Opportunities
  - 4.2.3.1 Growing Cloud-Based Applications in the Automotive Industry
  - 4.2.3.2 Emergence of Electric Vehicle Wireless Battery Management Systems
- 4.2.4 Challenges
  - 4.2.4.1 Misconceptions and Lack of Knowledge Regarding Automotive Cybersecurity Solutions
- 4.2.5 Trends
  - 4.2.5.1 Technology Trend
  - 4.2.5.2 Market Trend
4.3 Case Studies

5. Automotive Cybersecurity Market, by Offering

5.1 Introduction
5.2 Software
5.3 Hardware
5.4 Services

6. Automotive Cybersecurity Market, by Security Type

6.1 Introduction
6.2 Application Security
6.3 Endpoint Security
6.4 Network Security

7. Automotive Cybersecurity Market, by Deployment Mode

7.1 Introduction
7.2 In-vehicle
7.3 External Cloud Services

8. Automotive Cybersecurity Market, by Application

8.1 Introduction
8.2 ADAS & Safety
8.3 Body Control & Comfort
8.4 Infotainment
8.5 Telematics
8.6 Powertrain Systems
8.7 Communication Systems
8.8 Other Applications

9. Automotive Cybersecurity Market, by Geography

9.1 Introduction
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 U.K.
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia-Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 South Korea
- 9.4.5 Rest of Asia-Pacific
9.5 Latin America
- 9.5.1 Mexico
- 9.5.2 Brazil
- 9.5.3 Rest of Latin America
9.6 Middle East & Africa

10. Automotive Cybersecurity Market-Competitive Landscape

10.1 Introduction
10.2 Key Growth Strategies
- 10.2.1 Market Differentiators
- 10.2.2 Synergy Analysis: Major Deals & Strategic Alliances
10.3 Competitive Dashboard
- 10.3.1 Industry Leader
- 10.3.2 Market Differentiators
- 10.3.3 Vanguards
- 10.3.4 Contemporary Stalwarts
10.4 Vendor Market Positioning
10.5 Market Share Analysis

11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

11.1 Thales Group (France)
11.2 NXP Semiconductors N.V. (Netherlands)
11.3 HARMAN International (U.S.)
11.4 Renesas Electronics Corporation (Japan)
11.5 STMicroelectronics N.V. (Switzerland)
11.6 Garrett Motion Inc. (Switzerland)
11.7 Argus Cyber Security Ltd (Israel)
11.8 Vector Informatik GmbH (Germany)
11.9 Karamba Security Ltd. (Israel)
11.10 Synopsys, Inc. (U.S.)
11.11 DENSO Corporation (Japan)
11.12 Guardknox Cyber-Technologies Ltd. (Israel)
11.13 Infineon Technologies AG (Germany)
11.14 UL LLC. (U.S.)
11.15 Aptiv PLC (Ireland)

12. Appendix

12.1 Questionnaire
12.2 Available Customization