Global Quick Overview of the Automotive Cybersecurity Market Analysis
The Global Automotive Cybersecurity Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of Automotive Cybersecurity Industry (2024-30): Reveals Further Growth &Market Expansion
According to the most recent study, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.
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Global Automotive Cybersecurity Market 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
-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
-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
-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
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Geographical Analysis:
-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. In countries such as Germany, automakers have been facing issues with IT infrastructure hacks, which have been affecting their vehicle production process in the region.
Key Players and Competitive Strategies in the Automotive Cybersecurity Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- 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
- Others
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Global Automotive Cybersecurity Industry Recent Development:
- 2024: Infineon Technologies AG announced its recent collaboration with ETAS, an automotive software company. Through this collaboration, the company has integrated the ESCRYPT CycurHSM 3.x Automotive Security Software Stack into its AURIX™ TC4X Cybersecurity Real-time Module (CSRM) to enhance security levels, performance, and functionality.
- 2024: Continental AG (Argus Cyber Security) declared the launch of Argus Development Security Operations Platform (DevSecOps platform), which is specifically designed for automotive manufacturers facing complex security challenges.
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- 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 key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
- 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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