
Markntel Advisors’ report, Automotive Cybersecurity Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Automotive Cybersecurity presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Automotive Cybersecurity Market Research Report & Market Summary:
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.
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Automotive Cybersecurity Market Dynamics:
Key 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.
Automotive Cybersecurity Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
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
The demand for cybersecurity solutions has been highest among Passenger Cars, driven by the rapid shift in consumer preferences toward electric & autonomous vehicles. In the last few years, governments of different nations have also led an initiative to increase the adoption of electric cars initially to reduce the carbon & greenhouse gas emission problems.
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
Telematics systems have been one of the largely used software, which collects sensitive user information, and requires high-level cybersecurity.
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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Europe has been dominating the Global Automotive Cybersecurity Market during the historical years, which has been primarily driven by the rising instances of cyberattacks in the automotive sector across the region.
As indicated in the latest market research report published by Markntel Advisors, “Automotive Cybersecurity Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Automotive Cybersecurity industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/automotive-cybersecurity-market.html
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
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Automotive Cybersecurity Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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