The automotive cybersecurity market share is expected to increase by USD 1.91 mn from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 16.58%.
This automotive cybersecurity market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive cybersecurity market segmentation by application (passenger vehicles and commercial vehicles) and geography (North America, APAC, Europe, South America, and MEA). The automotive cybersecurity market report also offers information on several market vendors, including Aptiv Plc, Argus Cyber Security Ltd., Arilou Information Security Technologies Ltd., ESCRYPT GmbH, Infineon Technologies AG, Karamba Security Ltd., Lear Corp., RunSafe Security Inc. , Samsung Electronics Co. Ltd., and secunet Security Networks AG among others.
What will the Automotive Cybersecurity Market Size be During the Forecast Period?
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Automotive Cybersecurity Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a impact on the market growth during and post COVID-19 era. The need for cybersecurity in connected cars is notably driving the automotive cybersecurity market growth, although factors such as price sensitivity and low consumer acceptance in emerging markets may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive cybersecurity market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Cybersecurity Market Driver
One of the major drivers of the automotive cybersecurity market growth is the high-level software integration into vehicle ECUs. With vehicles becoming more automated and connected to the Internet, to other cars, and even roadway infrastructure, the number of potential intrusion points is growing exponentially. A modern car has multiple ECUs with as much as 100 million lines of code, and it is estimated that for every 1,000 lines, there are as many as 15 bugs that are potential doors for would-be hackers.Major security vendors such as Argus Cyber Security, HARMAN International, Karamba Security, and Symantec are investing in R&D to develop anti-malware solutions for connected cars. These solutions are meant to protect the ECUs from malware and intrusion attacks. For instance, Argus Cyber Security offers intrusion detection and prevention module that ties into a vehicle's CAN, which connects the various ECUs or computers in a car. Karamba Security offers solutions that perform a heuristic scanning of the vehicle's data traffic. The growing portfolio of product offerings from the major cybersecurity vendors is crucial for the growth of the automotive cybersecurity market.
Key Automotive Cybersecurity Market Trend
One of the major trends for the automotive cybersecurity market growth is machine learning-based cybersecurity to deal with real-time threats. Connected cars are also referred to as networks on wheels. These networks use anti-virus and other software security technologies to identify threats and quarantine unknown ones. These techniques fail to show positive results in a dynamic environment where new threats continually pop up. In a dynamic environment, machine learning in artificial intelligence (AI) has the edge over traditional anti-virus solutions. Machine learning cybersecurity systems are self-adapting and self-defending, as they do not need explicit programming. These systems have the ability to learn with time, which makes them more aware of the new hacks and exploits.
Key Automotive Cybersecurity Market Challenge
One of the major challenges for the automotive cybersecurity market growth is the complex vehicle ECUs that can delay the evolution of cybersecurity software. The increasing use of electronics in connected cars makes them vulnerable to multiple cyberattacks. The main reason is the increasing number of vehicle nodes (ECUs) that are used to support the demand for additional functionalities. Currently, around 30 ECUs can be found in a mid-segment vehicle, which goes up to 100 ECUs in complex vehicles. Each unit contains dedicated operating software, which means that a vehicle's system will contain hundreds of millions of lines of code. The presence of a high level of complexity in code leads to vulnerabilities. These vulnerabilities are then exploited by hackers to gain access to the system.
This automotive cybersecurity market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global automotive cybersecurity market as a part of the global systems software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive cybersecurity market during the forecast period.
Who are the Major Automotive Cybersecurity Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Aptiv Plc
- Argus Cyber Security Ltd.
- Arilou Information Security Technologies Ltd.
- ESCRYPT GmbH
- Infineon Technologies AG
- Karamba Security Ltd.
- Lear Corp.
- RunSafe Security Inc.
- Samsung Electronics Co. Ltd.
- secunet Security Networks AG
This statistical study of the automotive cybersecurity market encompasses successful business strategies deployed by the key vendors. The automotive cybersecurity market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive cybersecurity market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Automotive Cybersecurity Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the automotive cybersecurity market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global systems software market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for Automotive Cybersecurity Market?
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46% of the market’s growth will originate from North America during the forecast period. he US and Canada are the key markets for automotive cybersecurity market in North America. Market growth in this region will be faster than the growth of the market in regions.
Adoption of automated passenger cars will facilitate the automotive cybersecurity market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Application Segments in the Automotive Cybersecurity Market?
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The automotive cybersecurity market share growth by the passenger vehicles segment will be significant during the forecast period. The automotive cybersecurity market for passenger cars is influenced by the growing adoption of automated passenger cars and vendors’ focus on extending their product portfolio.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive cybersecurity market size and actionable market insights on post COVID-19 impact on each segment.
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Automotive Cybersecurity Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.58% |
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Market growth 2021-2025 |
USD 1.91 million |
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Market structure |
Fragmented |
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YoY growth (%) |
13.34 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 46% |
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Key consumer countries |
US, China, Germany, Canada, UK, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aptiv Plc, Argus Cyber Security Ltd., Arilou Information Security Technologies Ltd., ESCRYPT GmbH, Infineon Technologies AG, Karamba Security Ltd., Lear Corp., RunSafe Security Inc. , Samsung Electronics Co. Ltd., and secunet Security Networks AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Automotive Cybersecurity Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive cybersecurity market growth during the next five years
- Precise estimation of the automotive cybersecurity market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive cybersecurity market industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive cybersecurity market vendors
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