Figure 1. Research Method Flow Chart 13
Figure 2. Breakdown of Primary Research 15
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 4. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030 19
Figure 5. Europe Automotive Cybersecurity Market, 2020-2030, $ mn 22
Figure 6. Impact of COVID-19 on Business 26
Figure 7. Primary Drivers and Impact Factors of Europe Automotive Cybersecurity Market 28
Figure 8. World Vehicle Production by Car Type, 2020-2030, million units 31
Figure 9. World Installed Car Base by Connectivity, 2020-2030, million units 31
Figure 10. Regulatory Organizations of Automotive Cybersecurity Systems 32
Figure 11. Primary Restraints and Impact Factors of Europe Automotive Cybersecurity Market 33
Figure 12. Investment Opportunity Analysis 40
Figure 13. Porter’s Fiver Forces Analysis of Europe Automotive Cybersecurity Market 43
Figure 14. Breakdown of Europe Automotive Cybersecurity Market by Solution, 2020-2030, % of Revenue 48
Figure 15. Europe Addressable Market Cap in 2021-2030 by Solution, Value ($ mn) and Share (%) 49
Figure 16. Europe Automotive Cybersecurity Market: Hardware-based Solution, 2020-2030, $ mn 50
Figure 17. Europe Automotive Cybersecurity Market: Software-based Solution, 2020-2030, $ mn 51
Figure 18. Europe Automotive Cybersecurity Market: Network-based Solution, 2020-2030, $ mn 52
Figure 19. Europe Automotive Cybersecurity Market: Service Solution, 2020-2030, $ mn 53
Figure 20. Breakdown of Europe Automotive Cybersecurity Market by Product Type, 2020-2030, % of Revenue 54
Figure 21. Europe Addressable Market Cap in 2021-2030 by Product Type, Value ($ mn) and Share (%) 55
Figure 22. Europe Automotive Cybersecurity Market: Intrusion Detection System (IDS), 2020-2030, $ mn 56
Figure 23. Europe Automotive Cybersecurity Market: Intrusion Detection and Prevention System (IDPS), 2020-2030, $ mn 57
Figure 24. Breakdown of Europe Automotive Cybersecurity Market by Product Form, 2020-2030, % of Sales Revenue 58
Figure 25. Europe Addressable Market Cap in 2021-2030 by Product Form, Value ($ mn) and Share (%) 59
Figure 26. Europe Automotive Cybersecurity Market: Built-in Cybersecurity Solutions, 2020-2030, $ mn 60
Figure 27. Europe Automotive Cybersecurity Market: Cloud-based Cybersecurity Solutions, 2020-2030, $ mn 61
Figure 28. Breakdown of Europe Automotive Cybersecurity Market by Threat Type, 2020-2030, % of Sales Revenue 62
Figure 29. Europe Addressable Market Cap in 2021-2030 by Threat Type, Value ($ mn) and Share (%) 63
Figure 30. Europe Automotive Cybersecurity Market: Direct Physical Attacks, 2020-2030, $ mn 64
Figure 31. Europe Automotive Cybersecurity Market: Indirect Physical Vulnerabilities, 2020-2030, $ mn 65
Figure 32. Europe Automotive Cybersecurity Market: Wireless Vulnerabilities, 2020-2030, $ mn 66
Figure 33. Europe Automotive Cybersecurity Market: Sensor Fooling Vulnerabilities, 2020-2030, $ mn 67
Figure 34. Breakdown of Europe Automotive Cybersecurity Market by Application, 2020-2030, % of Revenue 68
Figure 35. Europe Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 69
Figure 36. Europe Automotive Cybersecurity Market: Authentication and Access Control, 2020-2030, $ mn 70
Figure 37. Europe Automotive Cybersecurity Market: Protection from External Attacks, 2020-2030, $ mn 71
Figure 38. Europe Automotive Cybersecurity Market: Risk Detection & Incident Response, 2020-2030, $ mn 72
Figure 39. Breakdown of Europe Market by Automotive Component, 2020-2030, % of Revenue 73
Figure 40. Europe Addressable Market Cap in 2021-2030 by Automotive Component, Value ($ mn) and Share (%) 74
Figure 41. Europe Automotive Cybersecurity Market: Telematics System, 2020-2030, $ mn 75
Figure 42. Europe Automotive Cybersecurity Market: Infotainment System, 2020-2030, $ mn 76
Figure 43. Europe Automotive Cybersecurity Market: Powertrain System, 2020-2030, $ mn 77
Figure 44. Europe Automotive Cybersecurity Market: On-board Diagnostics (OBD), 2020-2030, $ mn 78
Figure 45. Europe Automotive Cybersecurity Market: Communication System, 2020-2030, $ mn 79
Figure 46. Europe Automotive Cybersecurity Market: ADAS & Safety System, 2020-2030, $ mn 80
Figure 47. Europe Automotive Cybersecurity Market: Other Component Systems, 2020-2030, $ mn 81
Figure 48. Breakdown of Europe Automotive Cybersecurity Market by Vehicle Type, 2020-2030, % of Revenue 82
Figure 49. Europe Addressable Market Cap in 2021-2030 by Vehicle Type, Value ($ mn) and Share (%) 83
Figure 50. Europe Automotive Cybersecurity Market: Passenger Vehicles, 2020-2030, $ mn 84
Figure 51. Europe Automotive Cybersecurity Market: Light Commercial Vehicles (LCV), 2020-2030, $ mn 85
Figure 52. Europe Automotive Cybersecurity Market: Heavy Commercial Vehicles (HCV), 2020-2030, $ mn 86
Figure 53. Breakdown of Europe Automotive Cybersecurity Market by Vehicle Connectivity, 2020-2030, % of Revenue 87
Figure 54. Europe Addressable Market Cap in 2021-2030 by Vehicle Connectivity, Value ($ mn) and Share (%) 88
Figure 55. Europe Automotive Cybersecurity Market: Non-connected Vehicles, 2020-2030, $ mn 89
Figure 56. Europe Automotive Cybersecurity Market: Connected Vehicles, 2020-2030, $ mn 90
Figure 57. Communication Modes of Connected Vehicles 91
Figure 58. Breakdown of Europe Automotive Cybersecurity Market by Vehicle Autonomy, 2020-2030, % of Revenue 92
Figure 59. Europe Addressable Market Cap in 2021-2030 by Vehicle Autonomy, Value ($ mn) and Share (%) 93
Figure 60. Europe Automotive Cybersecurity Market: Conventional Vehicles, 2020-2030, $ mn 94
Figure 61. Europe Automotive Cybersecurity Market: Autonomous Vehicles, 2020-2030, $ mn 95
Figure 62. Breakdown of Europe Automotive Cybersecurity Market by Vehicle Propulsion, 2020-2030, % of Revenue 96
Figure 63. Europe Addressable Market Cap in 2021-2030 by Vehicle Propulsion, Value ($ mn) and Share (%) 97
Figure 64. Europe Automotive Cybersecurity Market: Traditional Vehicles, 2020-2030, $ mn 98
Figure 65. Europe Automotive Cybersecurity Market: Electric Vehicles, 2020-2030, $ mn 99
Figure 66. Breakdown of European Automotive Cybersecurity Market by Country, 2020 and 2030, % of Revenue 101
Figure 67. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 102
Figure 68. Automotive Cybersecurity Market in Germany, 2020-2030, $ mn 103
Figure 69. Top Factors Affecting New Buyers' Purchasing Decision in Germany 104
Figure 70. Automotive Cybersecurity Market in UK, 2020-2030, $ mn 106
Figure 71. Automotive Cybersecurity Market in France, 2020-2030, $ mn 108
Figure 72. Automotive Cybersecurity Market in Spain, 2020-2030, $ mn 110
Figure 73. Automotive Cybersecurity Market in Italy, 2020-2030, $ mn 112
Figure 74. Automotive Cybersecurity Market in Russia, 2020-2030, $ mn 114
Figure 75. Automotive Cybersecurity Market in Rest of Europe, 2020-2030, $ mn 116
Figure 76. Growth Stage of Europe Automotive Cybersecurity Industry over the Forecast Period 118
Europe automotive cybersecurity market accounted for $403.45 million in 2020 and will grow by 20.2% annually over 2020-2030 owing to the rising need for cybersecurity among smart vehicles, self-driving cars and connected transportation. Factors such as the rising demand for improved safety features in vehicles, increasing adoption of connected vehicles, and existence of supportive government regulations are expected to boost the demand for automotive cybersecurity solutions. Key players across regions are investing heavily in the development of telematics and improving and adding safety features, which is expected to benefit the market during the forecast period. The development of vehicle connectivity has made a vehicle more prone to cyberattacks. The in-vehicle applications are getting more complex with the increase in the use of ECU and software with 30 million to 40 million lines of code. Thus, the security of each software code line is essential. According to industry experts, a large share of new cars would be connected to networks by 2022. Therefore, many OEMs and security solution providers are taking steps to counter cyber threats. However, every secured design would not guarantee full security over a period. Hence, there is a need for the consistent implementation of security codes in connected vehicles. Accordingly, OEMs are focusing on minimizing the chances of security lags and making software patches more secure through the cloud. Hence, the market for automotive cybersecurity is expected to grow with the rise in the number of connected cars in the coming years. The introduction of wireless battery management systems (wBMS) has unlocked a huge ROI opportunity for OEMs globally. wBMS saves up to 90% of the wiring and up to 15% of the volume in battery packs for next-generation EVs. Apart from this, the lifespan of the battery also increases in this new system. Hence, maintaining a tight security protocol is mandatory in the wireless battery pack management system. The emergence of complementary services such as multimedia streaming, E-calls, and remote diagnostics within connected cars is changing the whole ecosystem of the automotive industry. The automotive ecosystem has evolved from a fixed to a dynamic ecosystem in which each stakeholder accounts for a share of the revenue. The pricing model in the connected ecosystem has become a challenge due to the presence of multiple stakeholders. Many companies are struggling with different types of pricing models by managing cost and complexity. Software companies are already implementing more than one pricing model to earn revenue. As per industry experts, cybersecurity solution providers are facing challenges in implementing the right pricing strategy in various cases to maximize revenue and minimize the opportunity loss.
Owing to increasing demand for vehicle safety in terms of accident prevention, driver safety, and advanced communication & data safety, there is a growing demand for electronic driver assistance systems (parking, speed regulation, lane assist, blind spot detection, pre-collision warning, etc.). This, along with the demand for comfort features and modern infotainment systems such as automatic cooling, seat adjustment with memory, automatic tailgate opening, and performance control, has increased the complexity of automotive electronic architectures, thereby providing more opportunities for hackers to hack a vehicle. Currently, a modern high-end car’s software has 100 million lines of codes (greater than Windows 7 and Boeing 787). These many lines of codes present vulnerabilities such as “Man in the middle attack” during an over-the-air software update. Mitigating these problems would require a physical hardening of the hardware as well as more sophisticated software solutions, resulting in more implementation costs for OEMs, thus hindering the market growth momentum.
COVID-19 impact
The pandemic has boosted the digital transformation of industries; companies focus more on a digital platform to interact with their clients and customers. People working from home are also more reliant on digital sources. The automation and digitalization have been boosted during the pandemic. However, due to several logistics restrictions and the lockdown, the automotive sector has adversely affected the demand. The increasing digitalization during the pandemic has also led to increasing cyber-attacks and malware attacks. Cybercrime increased by 600% due to COVID-19 pandemic. The increasing cybercrime because of a pandemic can increase the demand for automotive cybersecurity solutions.
Highlighted with 90 tables and 76 figures, this 187-page report “Europe Automotive Cybersecurity Market 2021-2030 by Solution, Product Type, Product Form, Threat Type, Application, Automotive Component, Vehicle Type, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe 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 Europe 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 Europe 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 Country.
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
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Application, Automotive Component, and Vehicle Type over the forecast years is 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 Europe 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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