Automotive Cyber Security Market Area And Industry Forecasts Till, 2022 - 2030

The global automotive cyber security market size is expected to reach USD 5.56 billion by 2025 expanding at a CAGR of 21.4% during the forecast period, according to a study conducted by Grand View Research, Inc. increasing risks of data breaching due to rise in number of connected and automated vehicles will drive the market. Moreover, growing emphasis of OEMs on strengthening cyber security policies is expected to propel the demand for automotive cyber security over the projected period. Cloud infrastructure, mobile cross platforms, and automotive data taxonomy, are the key connectivity trends in the automotive cyber security market.

Automotive Cyber Security Market Segmentation

Grand View Research has segmented the global automotive cyber security market on the basis of security, vehicle type, application, service, and region:

Based on the Security Insights, the market is segmented into Endpoint, Application and Wireless Network.

• The market can be segmented into the endpoint, application, and wireless network security. The wireless network is the leading segment.
• The application segment will witness the fastest CAGR of 23.4% from 2019 to 2025.
• The Japanese IPA vehicle information security guide revealed a complete life-cycle of the vehicle, for the third-party and supplier approach towards security.

Based on the Vehicle Type Insights, the market is segmented into Passenger Car, Commercial Vehicle and Electricall Vehicle.

• The market can be segmented into commercial vehicles, passenger cars, and Electric Vehicle (EV). Passenger car is the dominant segment. 
• The EV segment will register the fastest CAGR from 2019 to 2025 as potential markets, such as the U.S. and Europe, are witnessing increasing sales of EVs.
• Apart from luxury or sports cars, new energy vehicles are also responsible for exponential growth in the segment.

Based on the Application Insights, the market is segmented into ADAS & Safety System, Infotainment, Body Electronics, Powertrain and Telematics.

• The automotive cybersecurity market can be classified into the ADAS & Safety system, infotainment, body electronics, powertrain, and telematics.
• Infotainment is anticipated to be the largest segment over the forecast years.
• ADAS & safety system is also expected to witness healthy growth.
• The segment is currently witnessing groundbreaking technological advances in ADAS and autonomous driving technologies, which is expected to augment the demand for a constant connection from the vehicle’s ECU to several cloud services that enhance sensor processing and subsequent vehicle maneuvering.

Based on the Service Insights, the market is segmented into In-vehicle Services and External Cloud Services.

• In-vehicle services are the leading segment. The rise in the use of endpoint applications, such as radio, mobile, smart antenna, in automobiles is fueling the demand for in-vehicle services.
• External cloud services are the fastest-growing segment owing to the development of cloud infrastructure and framework.

Automotive Cyber Security Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

North America is the dominant regional market due to the high demand for automobiles. Moreover, increasing investments and critical measures undertaken by the local government to tackle cyberattacks in the automotive market will drive the region’s growth. APAC is projected to be the second-largest market due to the changing consumer lifestyle along with increasing purchasing power and rapidly growing urbanization in the region.

Some prominent players in the global Automotive Cyber Security market include:

• Argus Cyber Security Ltd.
• Arilou Technologies
• Vector Informatik GmbH
• NXP Semiconductors N.V.
• HARMAN International
• Symantec Corporation
• Denso Corporation
• Honeywell International, Inc.
• Guardknox Cyber-Technologies Ltd.

Order a free sample PDF of the in Automotive Cyber Security Market Intelligence Study, published by Grand View Research.