Global Automotive Cybersecurity Market Report, Recent Trends, Growth Driving Factors, Challenges, Opportunities, Strategies, Recent Developments, Product Segments, And Growth Forecast 2019 – 2028

  • TBI552374
  • May 28, 2022
  • Global
  • 200 pages
  • IFF Market Research
                                              

Global automotive cybersecurity market 2021: By Service (In-Vehicle, External Cloud Services), By Application (Telematics System, Infotainment System, Powertrain System, Body Control & Comfort System, ADAS & Safety System), By Security (Endpoint Security, Application Security, Wireless Network Security), By Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle)

Global automotive cybersecurity market is projected to witness substantial growth rate over the 10-year forecast period. The global automotive cybersecurity market by operating environment report has been segmented on the basis of service, application, security, vehicle type, and region.Request Covid - 19 Impact The Global The Global Automotive Cybersecurity market size was valued at USD $1.66 Billion in 2020, USD $1.99 Billion in 2021, forecasted to reach USD $2.38 Billion in 2022, and is projected to reach USD $10.09 Billion by 2030, and is anticipated to expand at a CAGR of 19.73% over the forecast period from 2020 to 2030.

Overview:

Automotive cybersecurity is a new and enhanced technology in the field of the automotive industry, which is based on implementation of Internet of Things (IoT) for car security. Automotive cybersecurity solutions are developed with various security systems that help protect the vehicle from various threats. It helps in managing potential risks, supports hardware protection to control engine unit, offers network monitoring system and navigation system, provides software to guard the vehicle, runs safety diagnostics, provides safeguard against infotainment system, among others. Automotive cybersecurity covers all the possible base security needs of cars and car-owners by using Internet connectivity.

Dynamics:

Growing production and sales of connected cars and increasing popularity of autonomous driving have resulted in high risks of data breaching, thereby augmenting need for automotive cybersecurity. This is a major factor expected to drive growth of the global market. In addition, increasing adoption of E-mobility is another factor supporting market growth. Increasing adoption and demand for infotainment systems, communication units, telematics systems, and powertrain systems, among others is a key factor expected to drive demand for automotive cybersecurity to protect the network interface from hacks. However, weak Internet connection and highly expensive software applications are some of the major factors that could restrain growth of the global automotive cybersecurity market.

Segment Analysis:

By Service:

Among the service segments, the in-vehicle segment accounted for major revenue share in the global automotive cybersecurity market in 2018. This can be attributable to increasing demand and adoption of end-point applications including mobiles, radios, smart antennas, among others.

By Application:

Among the major application segments mentioned below, the infotainment segment is anticipated to account for major share in terms of revenue in the target market, owing to rising demand for infotainment systems including head-up displays and navigations systems, communication units, etc. The ADAS & safety system segment is projected to witness significant CAGR over the next 10-year period in the global market.

By Security:

Among the security segments, the wireless network security segment is expected to dominate in terms of revenue share in the target market. Increasing adoption of connected cars and high possibilities of network interface attacks, combined with need to safeguard network security through restricted device management is expected to lead to high demand for automotive cybersecurity and drive revenue contribution from the segment. The application security segment is anticipated to witness highest revenue growth in terms of value in the target market over the upcoming few years.

By Vehicle Type:

The passenger vehicle segment, among the three vehicle-type segments, is estimated to hold a dominant position in terms of revenue share in the global automotive cybersecurity market. The electric vehicle segment is projected to grow at a significant growth rate in the global market over the 10-year period, owing to increasing adoption of EVs across the globe and rising number of initiatives by government of various developed and developing countries such as subsidies, EVs at cost-effective prices, etc.

Regional Analysis:

The market in Asia Pacific is expected to register fastest growth rate in the global automotive cybersecurity market over the 10-year period, owing to increasing sales of electric vehicles, and rising inclination towards high-tech end cars by individuals in countries in the region. The North America market is expected to dominate in the global market owing to presence of prominent players in the countries such as the US and Canada and high adoption of connected cars and self-driving cars in the region. The market in Europe is estimated to account for significant share in the global automotive cybersecurity market, owing to growing adoption of advanced cybersecurity connected car systems, and high purchasing power in countries in the region.

Below are the active patents related to Automotive Cybersecurity Market.

Patent Number: US20130104231A1 Cyber security in an automotive network Abstract Preventing spoofing in an automotive network includes monitoring, by electronic control unit, data packets on a bus in the automotive network. Upon determining, in response to the monitoring, that a data packet is from a source other than the electronic control unit, the preventing spoofing in the automotive network includes generating and transmitting a diagnostic message to at least one module in the automotive network over the bus, the diagnostic message instructing the at least one module to take no action on the data packet. Type: Grant Filed: 2012-10-04 Date of Patent: 2013-04-25 Assignee: GM Global Technology Operations LLC Patent Number: US20150195297A1 Global automotive safety system Abstract A system for providing security to an in-vehicle communication network, the system comprising: a data monitoring and processing hub; and at least one module configured to monitor messages in communication traffic propagating in a vehicles in-vehicle network, the network having a bus and at least one node connected to the bus, the module comprising: a communication interface configured to support communication with the hub; a memory having software comprising data characterizing messages that the at least one node transmits and receives during normal operation of the node; at least one communication port via which the module receives and transmits messages configured to be connected to a portion of the in-vehicle network; a processor that processes messages received via the port from the portion of the in-vehicle network responsive to the software in the memory to: identify an anomalous message in the received messages indicative of exposure of the in-vehicle network to damage from a cyber attack; determine an action to be taken by the module that affects the anomalous message; and transmit data responsive to the anomalous message to the hub for processing by the hub via the communication interface. Type: Grant Filed: 2015-01-06 Date of Patent: 2015-07-09 Assignee: Argus Cyber Security Ltd Patent Number: EP3197730A1 Vehicle correlation system for cyber attacks detection and method thereof Abstract A system and method for detection of at least one cyber-attack on one or more vehicles comprising steps of transmitting and/or receiving by a first on-board agent module installed within one or more vehicles and/or a second on-board agent module installed within road infrastructure and in a range of communication with said first on-board agent module metadata to and/or from an on-site and/or remote cloud-based detection server comprising a correlation engine; detecting cyberattacks based on correlation calculation between said metadata received from one or more first agent module installed within vehicles and/or from one or more second agent modules installed within road infrastructure; indicating a probability of a cyber-attack against one or more vehicles based on correlation calculation; initiating blocking of vehicle-to- vehicle communication to prevent and/or stop a spread of an identified threat. Type: Grant Filed: 2015-09-21 Date of Patent: 2017-08-02 Assignee: TOWER-SEC LTD. Tower-Sec Ltd

Below are the leading companies profiled in this Automotive Cybersecurity Market Report:

  • Airbiquity
  • Aptiv (Ireland)
  • Argus Cyber Security Ltd.
  • Arilou Technologies (Israel)
  • Arxan Technologies, Inc.
  • Bayerische Motoren Werke (BMW) AG
  • Broadcom Inc.
  • C2A Security Ltd.
  • Centri Technology Inc.
  • Continental AG (Germany)
  • Dellfer, Inc.
  • Denso Corporation (Japan)
  • ESCRYPT GmbH
  • Ford Motor Company
  • Guardknox Cyber-Technologies Ltd.
  • Harman International (US)
  • Honeywell International, Inc.
  • Karamba Security (Israel)
  • Lear Corporation
  • Mocana Corporation
  • Nvidia Corporation
  • NXP Semiconductors N.V.
  • Robert Bosch (Germany)
  • SafeRide Technologies (Israel)
  • Symantec Corporation
  • Toyota Motor Corporation
  • Trillium Secure Inc.
  • Upstream Security
  • Vector Informatik GmbH
  • Volkswagen AG

Global Automotive Cybersecurity Market Segmentation:

Global Automotive Cybersecurity Market Segmentation, by Service
  • In-Vehicle
  • External Cloud Services
Global Automotive Cybersecurity Market Segmentation, by Application
  • Telematics System
  • Infotainment System
  • Powertrain System
  • Body Control & Comfort System
  • ADAS & Safety System
Global Automotive Cybersecurity Market Segmentation, by Security
  • Endpoint Security
  • Application Security
  • Wireless Network Security
Global Automotive Cybersecurity Market Segmentation, by Vehicle Type
  • Passenger Car
  • Commercial Vehicle
  • Electric Vehicle

This research comprehensively answers the following 9 important questions:

  • Q.1. What are some of the most promising growth trends in the Automotive Cybersecurity market worldwide?
  • Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  • Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  • Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Automotive Cybersecurity market?
  • Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Automotive Cybersecurity market?
  • Q.6.What are the emerging trends post COVID-19 reshuffle in this Automotive Cybersecurity market and the what are reasons behind these trends and do they translate in global exploration?
  • Q.7. Who are the major global and regional players in the Automotive Cybersecurity market? Which are the strategic initiatives key players are pursuing for business growth?
  • Q.8.Which are the competing products in Automotive Cybersecurity market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Automotive Cybersecurity industry?

Chapter 1 Methodology and Scope
  • 1.1 Market definitions
  • 1.2 Base estimation & working
  • 1.2.1 North America
  • 1.2.2 Europe
  • 1.2.3 APAC
  • 1.2.4 LATAM
  • 1.2.5 MEA
  • 1.3 Forecast calculation
    • 1.3.1 COVID-19 impact calculations on industry forecast
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources
  • Chapter 2 Executive Summary
  • 2.1 Automotive Cybersecurity industry 360° synopsis, 2017 - 2028
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