Automotive Cyber Security Market by Vehicle Type (Passenger Car, Commercial Vehicle and Electrical Vehicle), Application (ADAS & Safety System, Infotainment, Body Electronics, Powertrain, and Telematics), Service (In-vehicle Services and External Cloud Services) and Geography– Global Forecast to 2027

  • May, 2021
  • Domain: ICT - Verticals - Automobile
Pages: 83
Tables: 64
Charts: 94
Regions/Countries: 4/10
Companies: 10
Enquiry Hours: 10
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Automotive cybersecurity is a new and improved technology in the automotive industry based on integrating the Internet of Things for car security. Automotive cybersecurity solutions are developed with several security systems that help protect the vehicle from many threats. It provides help in managing potential risks, provides a network monitoring system and navigation system, offers software to protect the vehicle, runs safety diagnostics, and offers protection against the infotainment system. The requirement for cybersecurity in the automotive industry is steadily rising, and this can be ascribed to the rising threat of cyber attacks in transportation and automotive systems. The global automotive cybersecurity market is being robustly driven by the rising connectivity of vehicles and the growing requirement for security in the connected cars ecosystem. The growing integration of advanced features is also strongly boosting the growth of the global automotive cybersecurity market. However, the compound ecosystem with several stakeholders is likely to create constraints to the automotive cybersecurity market growth. The Automotive Cyber Security Market is likely to grow at the rate of 16.6% CAGR by 2027.

Research Methodology:

The Automotive cyber security Market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Automotive Cyber Security Market

Automotive Cyber Security Market by Vehicle Type

  • Passenger Car
  • Commercial Vehicle
  • Electrical Vehicle

Automotive Cyber Security Market by Application

  • ADAS & Safety System
  • Infotainment
  • Body Electronics
  • Powertrain
  • Telematics

Automotive Cyber Security Market by Service

  • In-vehicle Services
  • External Cloud Services

Automotive Cyber Security Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

By vehicle type, the passenger car segment hold the major share in the market. This was majorly due to the laws in various countries worldwide, which are ideal for the deployment of autonomous vehicles, which, in turn, are fueling the demand for cybersecurity solutions in these vehicles. Thus, the rising government initiative towards the deployment of autonomous cars, in terms of introducing mandatory regulations, is driving the demand for cybersecurity software in passenger cars.

The telematics segment is witnessing the highest growth rate in the coming years as per the application. This is owing to the increased integration of telematics solutions in commercial vehicles, particularly by fleet owners, as this provides better fleet productivity and vehicle efficiency. Moreover, the increasing demand for commercial vehicle data analysis, coupled with the lower costs for repair and maintenance of telematics-integrated vehicles, is also likely to help in the future advance of this segment.

As in the service market, the in-vehicle services segment has a substantial share in the market. The substantial share is ascribed to the increasing demand for premium, secure and connected vehicles; thus, automotive manufacturers are increasingly developing automobiles combined with cybersecurity systems. These systems can be integrated into a vehicle's infotainment system, advanced driver-assistance system (ADAS), and other connected systems to offer overall security against hackers.

According to the regional market, North America held a substantial share in the market. The market driving factors of the region are rising government regulations are benefiting the market growth and the rising sales of long-haul trucks with pre-installed telematics and fleet solutions.

The increasing threat of cyber-attacks and data breaches for consumers and automakers are the key drivers in global market growth. With the rising penetration of connected systems in automobiles, personal information such as address books, location data, and credit card information are now invading and leaving the confines of vehicles. Companies have begun to take crucial actions against hackers and are installing security software in vehicles, therefore driving the automotive cybersecurity market advance.

The key notable competitors of the market are Honeywell International Inc., Guardknox Cyber-Technologies Ltd., Harman International Industries Inc., NXP Semiconductors N.V., Arxan Technologies Inc., Vector Informatik GmbH, Argus Cyber Security, Trillium Secure Inc., Continental AG, and Robert Bosch GmbH.

Therefore, with the increasing number of cyber security threats and increasingly connected technologies, vehicles are more susceptible to cyber-attacks. Cybersecurity in the automotive is critical in the present scenario, and also it plays a vital role in securing the information of the vehicle user.

  • The report consists of a detailed overview of the parent market and changing market dynamics in the industry.
  • Complete market segmentation and past, present, and the estimated market size are given in the report based on qualitative and quantitative analysis.
  • The report presents the recent industry trends and developments and possible and niche segments, geographical regions presenting promising growth in the market.
  • Competitive outlook, which includes strategies of key players and products offered, are included in the market report.
  1. Executive Summary
  2. Industry Outlook
    1. Industry Overview
    2. Industry Trends
  3. Market Snapshot
    1. Market Definition
    2. Market Outlook
      1. Porter Five Forces
    3. Related Markets
  4. Market characteristics
    1. Market Overview
    2. Market Segmentation
    3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    4. DRO - Impact Analysis
  5. Vehicle Type: Market Size & Analysis
    1. Overview
    2. Passenger Car
    3. Commercial Vehicle
    4. Electrical Vehicle
  6. Application: Market Size & Analysis
    1. Overview
    2. ADAS & Safety System
    3. Infotainment
    4. Body Electronics
    5. Powertrain
    6. Telematics
  7. Service: Market Size & Analysis
    1. Overview
    2. In-vehicle Services
    3. External Cloud Services
  8. Geography: Market Size & Analysis
    1. Overview
    2. North America
    3. Europe
    4. Asia Pacific
    5. Rest of the World
  9. Competitive Landscape
    1. Competitor Comparison Analysis
    2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
  10. Vendor Profiles
    1. Honeywell International Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    2. Guardknox Cyber Technologies Ltd.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    3. Harman International Industries Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    4. NXP Semiconductors N.V.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    5. Arxan Technologies Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    6. Vector Informatik GmbH
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    7. Argus Cyber Security
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    8. Trillium Secure Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    9. Continental AG
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    10. Robert Bosch GmbH
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
  11. Analyst Opinion
  12. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
      1. Data Collation and In-house Estimation
      2. Market Triangulation
      3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations

Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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