Quick Overview of the Global Automotive Cybersecurity Market Analysis

The objective of the Global Automotive Cybersecurity Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, 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. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments made globally. In-depth analysis of market share, size, forescast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Latest Driver Contributing in the Expansion or Reduction in the Automotive Cybersecurity Industry

Global Automotive Cybersecurity Market Challenge:

Consistent Emergence of New Security Threats – Recently, automotive cybersecurity has become an integral part of vehicles, specifically connected vehicles. However, the cyber threat has been increasing continually over the past years, which has posed a significant challenge to existing solutions for automotive cybersecurity. Also, hackers have been continually developing advanced mechanisms to get through the automobile’s software and garner sensitive user-related data. These advanced hacking mechanisms further require upgraded versions to solve cyber threats. Therefore, cybersecurity solution providers need to develop constant upgrades within their services based on upcoming hacking techniques.

This requires immense effort, time, and capital investments, which have been challenging the process of overall revenue generation in the Automotive Cybersecurity Market. Moreover, the consumer’s data gets exposed with upgraded hacking techniques, which has been affecting the major concern of trust and authenticity within the available solutions. As a result, these factors have hit the acceptance of automotive cybersecurity solutions negatively, further hampering the market growth as well.

A Detailed Outlook of Automotive Cybersecurity Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, regional, and global level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category.

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-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

 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.

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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.

Lead the Automotive Cybersecurity Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section 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

 Some Key Questions Covered in Our Detailed Report

• What are the trends or opportunities of the Automotive Cybersecurity Market? Will the market increase or decrease in the forecast period?
• Who are the top players in the Automotive Cybersecurity industry? And which player dominates the market?
• What is the expected demand for different product categories?
• In the upcoming period, which region will dominate the market with prominent share?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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