Global Automotive Cybersecurity Market 2021-2030

Global Automotive Cybersecurity Market 2021-2030

Bonafide Trust 30-07-2022 242 Pages Figures : 108 Tables : 139
Region : Global Category : Automotive & Transport Automotive Parts

Global automotive cybersecurity market will reach $10.92 billion by 2030, growing by 21.7% annually over 2020-2030 owing to the rising need for cybersecurity among smart vehicles, self-driving cars and connected transportation. With the growth in the number of vehicles daily and rapid expansion in the technology involved in the same, it has become very important to develop a good cybersecurity system. If attention is not paid to the same, one can hack into the system and can give birth to many fraudulent activities. An automotive cybersecurity system thus is an efficient and effective solution to deal with cyber threats by detecting the risk, rectifying it, and protecting the computer’s security system from any future threats. The growing adoption of advanced technologies in the automotive sector is the prime reason for the increase in demand for an effective and efficient security system. Rising cyber threats in the transportation and automobile sector will further boom up the demand. Rising intercity transportation and logistics services will further help the automotive cyber security market to grow and expand. Also, rise in demand of commercial and passenger vehicles built-in with advanced technology along with the rise in personal income will create more opportunities for the market. Rise in vehicle production integrated with growing safety standards across the globe is likely to propel the automotive cybersecurity market. Major vehicle manufacturers across the globe are introducing connected vehicle features where vehicles are connected with software, which is likely to increase the demand for cybersecurity in vehicles. Increase in demand for advance drive assist system in vehicles is also a fueling the automotive cybersecurity market across the globe.

North America currently dominates the market. The emphasis and the steps taken by the government on achieving an efficient cyber security system have enabled the region to dominate the market. Plus, the ever-increasing demand for vehicles that are a result of convergence of automobile and ICT sector too have made it possible for the region to account for the largest share in the market. Asia-Pacific is set to witness the highest CAGR for the forecast period. Change in the lifestyle of the people and increase in the purchasing power parity coupled with the demand of vehicles equipped with advanced technology will help this region to achieve this feat. Moreover, the region is turning out to be the automobile manufacturing hub. This in turn would further increase the market growing rate. ADAS technologies such as night vision, drowsiness monitoring system and road sign recognition systems among others growing at much faster pace. Rapidly expanding hybrid and electric vehicle market and the growth of the autonomous vehicles, will help augment the ADAS in automotive cyber security market. For Instance - European Union has mandated the automotive manufacturers to fit ADAS systems such as lane departure warning systems However, high cost of installing the cyber security systems and high cost of new vehicles in which the system is already built in is the biggest growth restraint for the automotive cyber security market. Lack of technological advancement couples with lack of awareness in underdeveloped countries too may come in the way of the growing market.

Government Initiatives For Implementing Connected Car Technology

The United States Department of Transportation (USDOT) is dedicated to developing a new way of transportation, innovation, and safety while ensuring the country's position as an automation leader. Hence, to assist the safe development, testing, and integration of connected vehicle technologies, the USDOT is acting as a convener and facilitator, engaging with a broad coalition of industry, academic, state and municipal, safety advocacy, and transportation partners. The plan specifies three aims to realize this vision for Automated Driving Systems (ADS): prepare the transportation system, update the regulatory environment, and promote collaboration and openness, all of which are based on the ideas articulated in the automated vehicle (AV) 4.0 programme. Furthermore, as part of an EU strategy on internet-connected vehicles, the European Commission instructed auto producers to ensure that new models include a host of digital technology that helps reduce fuel consumption and make roads safer. Such government initiatives are expected to expedite development of connected vehicles across the world. As cybersecurity ecosystem (software, hardware, and services) are of paramount importance to guard the connected vehicles against rising cyber-attacks, increase in demand for connected cars is expected to propel growth of the global automotive cybersecurity market during the forecast period.

COVID-19 Impact
The global market for the industry experienced both positive and negative effects from the Pandemic. The positive effect being the boost in digitisation of various industry verticals including the automotive sector. And the need for cyber security with increasing malpractices during the pandemic. On the other hand the declining demand for automobiles along with supply chain issue faced during the pandemic in turn decreased the demand for automotive cyber security.

Highlighted with 139 tables and 108 figures, this 242-page report “Global Automotive Cybersecurity Market 2021-2030 by Solution, Product Type, Product Form, Threat Type, Application, Automotive Component, Vehicle Type, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global automotive cybersecurity market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. 

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure 
• Growth Drivers 
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global automotive cybersecurity market in every aspect of the classification from perspectives of Solution, Product Type, Product Form, Threat Type, Application, Automotive Component, Vehicle Type, and Region. 

By Solution
    • Hardware-based Solution
    • Software-based Solution
    • Network-based Solution
    • Service Solution

By Product Type
    • Intrusion Detection System (IDS)
    • Intrusion Detection and Prevention System (IDPS)

By Product Form
    • Built-in Cybersecurity Solutions
    • Cloud-based Cybersecurity Solutions

By Threat Type
    • Direct Physical Attacks
    • Indirect Physical Vulnerabilities
    • Wireless Vulnerabilities
    • Sensor Fooling Vulnerabilities

By Application
    • Authentication and Access Control
    • Protection from External Attacks
    • Risk Detection & Incident Response

By Automotive Component
    • Telematics System
    • Infotainment System
    • Powertrain System
    • On-board Diagnostics (OBD)
    • Communication System
    • ADAS & Safety System
    • Other Component Systems

By Vehicle Type
    • Passenger Vehicles
    • Light Commercial Vehicles (LCV)
    • Heavy Commercial Vehicles (HCV)

By Vehicle Connectivity 
    • Non-connected Vehicles
    • Connected Vehicles
        • Vehicle-to-Vehicle (V2V) Communication
        • Vehicle-to-Infrastructure (V2I) Communication
        • Vehicle-to-Pedestrian (V2P) Communication
        • Vehicle-to-Network (V2N) Communication

By Vehicle Autonomy
    • Conventional Vehicles
    • Autonomous Vehicles

By Vehicle Propulsion
    • Traditional Vehicles
    • Electric Vehicles
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicle (PHEV)
        • Fuel Cell Electric Vehicle (FCEV)

By Geography 
    • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
    • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
    • North America (U.S., Canada, and Mexico)
    • South America (Brazil, Chile, Argentina, Rest of South America)
    • MEA (Saudi Arabia, UAE, South Africa)

For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Application, Automotive Component, and Vehicle Type over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global automotive cybersecurity market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions

Key Players (this may not be a complete list and extra companies can be added upon request): Airbiquity, Aptiv plc, Argus Cyber Security, Arilou Technologies, Arxan Technologies, Inc., Bayerische Motoren Werke (BMW) AG, Broadcom Inc., C2A Security Ltd., Centri Technology Inc, Dellfer, Inc., ESCRYPT GmbH, Ford Motor Company, Guardknox Cyber Technologies Ltd., Harman International, Karamba Security, Lear Corporation, Mocana Corporation, Nvidia Corporation, Saferide Technologies Ltd, Toyota Motor Corporation, Trillium Secure Inc., Upstream Security, Vector Informatik GmbH, Volkswagen AG,
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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