The global cybersecurity Market Size is estimated to be US$ 2.8 billion in 2023 and is poised to register 18.8% growth over the forecast period from 2023 to 2030 to reach US $ 9.4 billion in 2030.
The cybersecurity market in the automotive and connected mobility sector is influenced by several critical factors and trends. The growing connectivity of vehicles, the rise of autonomous driving technology, and stringent regulatory requirements are driving the need for enhanced cybersecurity measures. Consumer awareness and high-profile cyberattacks on vehicles are also pushing automakers to invest in security solutions. Supply chain security, emerging technologies like 5G and V2X communication, and data privacy concerns add to the complexity. Artificial intelligence and machine learning are aiding threat detection, while partnerships between automotive companies and cybersecurity firms are becoming more common. Ransomware threats, zero-trust security, security-by-design approaches, continual monitoring, and addressing the talent shortage in cybersecurity further shape this market. These dynamics highlight the importance of proactive and adaptable security measures to protect vehicles, infrastructure, and data from evolving cyber threats.
The automotive industry is currently grappling with the formidable challenge of growing connectivity. With rapid advancement, vehicles are increasingly becoming interconnected, offering a plethora of features such as infotainment systems, real-time navigation, and autonomous driving capabilities. This surge in connectivity is generating a substantial demand in the market. Consumers are seeking vehicles that offer seamless integration with their digital lives, and businesses are investing heavily in developing innovative solutions to meet these expectations. As connectivity becomes an integral part of the automotive landscape, manufacturers and service providers must adapt to this evolving landscape to remain competitive and cater to the burgeoning market demand.
The proactive approach of addressing cyber threats through emerging technologies has garnered significant attention and is rapidly gaining popularity among a diverse customer base. With the ever-evolving landscape of digital threats, businesses and organizations are increasingly turning to cutting-edge solutions to bolster their cybersecurity defences. These emerging technologies encompass a range of innovations, from advanced machine learning algorithms that can detect anomalies in network traffic to robust encryption methods and decentralized blockchain platforms for secure data storage. As a result, companies across various industries are recognizing the importance of staying ahead of cyber threats and are eager to invest in these transformative technologies to safeguard their sensitive data and maintain the trust of their customers and stakeholders. This growing demand underscores the pivotal role those emerging technologies play in the ongoing battle against cyber threats.
The growing concern over cybersecurity in the automotive industry has led to a significant boost in the market for securing the automotive supply chain against cyber threats. With the increasing integration of advanced technologies such as connected cars, autonomous vehicles, and electric mobility, the automotive sector has become a prime target for cyberattacks. As a result, automakers and suppliers are investing heavily in cybersecurity solutions to safeguard their vehicles and systems from potential threats. This surge in demand has created opportunities for cybersecurity firms, leading to the innovation and development of cutting-edge solutions tailored to the automotive industry's unique needs. Overall, this trend underscores the critical importance of protecting the entire automotive supply chain to ensure the safety and security of vehicles on the road.
The domination is due to several factors. The rising complexity of automotive software has rendered vehicles more susceptible to cyberattacks. Additionally, the increasing prevalence of connected vehicles has opened new avenues for cybercriminals. This has led to a growing demand for cybersecurity solutions from original equipment manufacturers (OEMs) and suppliers. Key cybersecurity software solutions in this domain encompass intrusion detection and prevention systems (IDPS), application security testing (AST), security information and event management (SIEM), and secure over-the-air (OTA) updates. Meanwhile, automotive cybersecurity hardware solutions include secure hardware modules (SHMs), trusted platform modules (TPMs), secure boot loaders, and firewalls.
In-vehicle solutions are designed to safeguard electronic control units (ECUs) and communication networks within vehicles from potential cyber threats, employing a range of technologies including firewalls, intrusion detection systems, and encryption. The growing importance of in-vehicle cybersecurity is closely tied to the increasing connectivity and autonomy of vehicles. Connected vehicles, which interact with other vehicles, infrastructure, and cloud services, introduce new avenues for cyberattacks. Moreover, autonomous vehicles, reliant on software for their driving functions, are particularly susceptible to such threats. While external cloud services also play a significant role in automotive cybersecurity, they are not as dominant as in-vehicle cybersecurity, offering functions such as data backup, security monitoring, and threat intelligence.
ADAS systems are pivotal for functions like automatic emergency braking and lane departure warning, relying on various sensors and software. Consequently, they are susceptible to cyberattacks, which could lead to dangerous consequences, including accidents. Other applications in this market encompass body control and comfort, infotainment, telematics, powertrain systems, and communication systems. Nonetheless, ADAS and safety take precedence due to their critical functions and the heightened risk of cyber threats. This dominance is fuelled by factors like the increasing adoption of ADAS in new vehicles, the growing complexity of these systems, and the rising incidence of cyberattacks targeting them.
With the growing integration of wireless communication technologies in connected vehicles, it has become the dominant security focus. These wireless security solutions are indispensable in safeguarding vehicles against cyberattacks by thwarting unauthorized system access, securing data during transmission, and mitigating the impact of potential wireless breaches. Key components of these solutions encompass Intrusion Detection and Prevention Systems (IDPS) for identifying and blocking malicious network traffic, firewalls to regulate incoming and outgoing data flows, encryption to shield data in transit, and authentication and authorization mechanisms to ensure that only authorized entities can access vehicle systems. While application and endpoint security solutions hold significance, the dominance of wireless security persists due to the heightened reliance on wireless communication in the realm of connected vehicles.
A SOC serves as a centralized hub responsible for actively monitoring and responding to cybersecurity threats. Equipped with a range of advanced tools, SOCs play a crucial role in safeguarding increasingly connected and autonomous vehicles, which are vulnerable to cyberattacks due to their intricate sensor and software systems. While Intrusion Detection Systems (IDS) also contribute to security, SOCs outshine them in this domain. SOCs offer a more comprehensive and real-time approach to threat detection and response, encompassing a broader spectrum of cybersecurity threats. Their ability to provide valuable insights and enhance overall visibility into security incidents makes them a preferred choice in the automotive and connected mobility sectors, ensuring comprehensive protection and rapid response to emerging threats.
Passenger vehicles represent the highest volume of vehicles globally, with millions being sold annually. This extensive proliferation makes them a prime target for cybersecurity considerations. Secondly, as passenger vehicles continue to evolve, incorporating increasingly intricate electronic systems, they become susceptible to new vulnerabilities exploited by cyber threats. Additionally, the integration of connected features like infotainment systems, GPS, and wireless connectivity adds more potential entry points for cyberattacks. Furthermore, passenger vehicles often contain valuable information, making them lucrative targets for cyber attackers, as they may store personal addresses, financial data, and contact lists. While light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) are also important segments in this market, they have a comparatively smaller cybersecurity market share due to their lower numbers and simpler systems.
By Offering
· Software
· Hardware
By Type
· In-vehicle
· External cloud services
By Application
· ADAS & safety
· Body control & comfort
· Infotainment
· Telematics
· Powertrain systems
· Communication systems
By Security
· Wireless
· Application
· Endpoint
By Approach
· Intrusion Detection System
· Security Operations Centre
By Vehicle Type
· Passenger Vehicles
· Light Commercial Vehicles
· Heavy Commercial Vehicles
By Propulsion Type
· ICE Vehicles
· Electric Vehicles
By Vehicle Autonomy
· Non-autonomous Vehicles
· Semi-autonomous Vehicles
· Autonomous Vehicles
By Region
· North America (United States, Canada, Mexico)
· Europe (Germany, France, United Kingdom, Spain, Italy, Others)
· Asia Pacific (China, India, Japan, South Korea, Australia, Others)
· Latin America (Brazil, Argentina, Others)
· Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)
Key Players
Leading Companies profiled in the study include-
· Continental AG
· Sheelds
· SafeRide Technologies
· Vector Informatik GmbH
· NXP Semiconductors N.V.
· APTIV PLC
· Harman International
· Broadcom Inc
· Robert Bosch GmbH
· Arilou Automotive Cybersecurity
· Denso Corporation
· Guard Knox Cyber-Technologies Ltd
· Karamba Security
· Honeywell International, Inc
*List not exhaustive
Cybersecurity Market Outlook 2023
1 Market Overview
1.1 Introduction to the Cybersecurity Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Cybersecurity Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Cybersecurity Market Companies with Area Served
4.2.2 Products Offerings Global Cybersecurity Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Cybersecurity Market Trends
6.1 Global Cybersecurity Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Cybersecurity Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Cybersecurity Revenue (USD Million) and CAGR (%) by Regions (2018-2030)
7 Global Cybersecurity Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Cybersecurity Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Cybersecurity Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Cybersecurity Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Cybersecurity Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Cybersecurity Development Regional Status and Outlook
8.1 Global Cybersecurity Revenue (USD Million) By Regions (2018-2022)
8.2 North America Cybersecurity Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Cybersecurity Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Cybersecurity Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Cybersecurity Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Cybersecurity Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Cybersecurity Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Cybersecurity Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Cybersecurity Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Cybersecurity Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Cybersecurity Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Cybersecurity Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Cybersecurity Revenue (USD Million) by Applications (2018-2022)
8.5 South America Cybersecurity Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Cybersecurity Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Cybersecurity Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Cybersecurity Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Cybersecurity Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Cybersecurity Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Cybersecurity Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Cybersecurity Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Cybersecurity Market Revenue (USD Million), by Type, and Applications (2023-2030)
10.1 Global Cybersecurity Revenue (USD Million) and Market Share (%) by Type (2023-2030)
10.1.1 Global Cybersecurity Revenue (USD Million), and Market Share (%) by Type (2023-2030)
10.2 Global Cybersecurity Revenue (USD Million) and Market Share (%) by Applications (2023-2030)
10.2.1 Global Cybersecurity Revenue (USD Million), and Market Share (%) by Applications (2023-2030)
11 Global Cybersecurity Development Regional Status and Outlook Forecast
11.1 Global Cybersecurity Revenue (USD Million) By Regions (2023-2030)
11.2 North America Cybersecurity Revenue (USD Million) by Type, and Applications (2023-2030)
11.2.1 North America Cybersecurity Revenue (USD) Million by Country (2023-2030)
11.2.2 North America Cybersecurity Revenue (USD Million), by Type (2023-2030)
11.2.3 North America Cybersecurity Revenue (USD Million), Market Share (%) by Applications (2023-2030)
11.3 Europe Cybersecurity Revenue (USD Million), by Type, and Applications (2023-2030)
11.3.1 Europe Cybersecurity Revenue (USD Million), by Country (2023-2030)
11.3.2 Europe Cybersecurity Revenue (USD Million), by Type (2023-2030)
11.3.3 Europe Cybersecurity Revenue (USD Million), by Applications (2023-2030)
11.4 Asia Pacific Cybersecurity Revenue (USD Million) by Type, and Applications (2023-2030)
11.4.1 Asia Pacific Cybersecurity Revenue (USD Million), by Country (2023-2030)
11.4.2 Asia Pacific Cybersecurity Revenue (USD Million), by Type (2023-2030)
11.4.3 Asia Pacific Cybersecurity Revenue (USD Million), by Applications (2023-2030)
11.5 South America Cybersecurity Revenue (USD Million), by Type, and Applications (2023-2030)
11.5.1 South America Cybersecurity Revenue (USD Million), by Country (2023-2030)
11.5.2 South America Cybersecurity Revenue (USD Million), by Type (2023-2030)
11.5.3 South America Cybersecurity Revenue (USD Million), by Applications (2023-2030)
11.6 Middle East and Africa Cybersecurity Revenue (USD Million), by Type, and Applications (2023-2030)
11.6.1 Middle East and Africa Cybersecurity Revenue (USD Million), by Region (2023-2030)
11.6.2 Middle East and Africa Cybersecurity Revenue (USD Million), by Type (2023-2030)
11.6.3 Middle East and Africa Cybersecurity Revenue (USD Million), by Applications (2023-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Cybersecurity Market Companies with Areas Served
Table 3 Products Offerings Global Cybersecurity Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Cybersecurity Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Cybersecurity Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Cybersecurity Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Cybersecurity Revenue (USD Million) By Type (2018-2022)
Table 11 Global Cybersecurity Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Cybersecurity Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Cybersecurity Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Cybersecurity Market Share (%) By Regions (2018-2022)
Table 16 North America Cybersecurity Revenue (USD Million) By Country (2018-2022)
Table 17 North America Cybersecurity Revenue (USD Million) By Type (2018-2022)
Table 18 North America Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Cybersecurity Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Cybersecurity Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Cybersecurity Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Cybersecurity Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Cybersecurity Revenue (USD Million) By Country (2018-2022)
Table 26 South America Cybersecurity Revenue (USD Million) By Type (2018-2022)
Table 27 South America Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Cybersecurity Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Cybersecurity Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Cybersecurity Revenue (USD Million) By Type (2023-2030)
Table 33 Global Cybersecurity Revenue Market Share (%) By Type (2023-2030)
Table 34 Global Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Table 35 Global Cybersecurity Revenue Market Share (%) By Applications (2023-2030)
Table 36 Global Cybersecurity Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)
Table 37 North America Cybersecurity Revenue (USD)By Country (2023-2030)
Table 38 North America Cybersecurity Revenue (USD Million) By Type (2023-2030)
Table 39 North America Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Table 40 Europe Cybersecurity Revenue (USD Million) By Country (2023-2030)
Table 41 Europe Cybersecurity Revenue (USD Million) By Type (2023-2030)
Table 42 Europe Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Table 43 Asia Pacific Cybersecurity Revenue (USD Million) By Country (2023-2030)
Table 44 Asia Pacific Cybersecurity Revenue (USD Million) By Type (2023-2030)
Table 45 Asia Pacific Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Table 46 South America Cybersecurity Revenue (USD Million) By Country (2023-2030)
Table 47 South America Cybersecurity Revenue (USD Million) By Type (2023-2030)
Table 48 South America Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Table 49 Middle East and Africa Cybersecurity Revenue (USD Million) By Region (2023-2030)
Table 50 Middle East and Africa Cybersecurity Revenue (USD Million) By Region (2023-2030)
Table 51 Middle East and Africa Cybersecurity Revenue (USD Million) By Type (2023-2030)
Table 52 Middle East and Africa Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Cybersecurity Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Cybersecurity Revenue Market Share (%) By Type (2022)
Figure 5 Global Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Cybersecurity Revenue Market Share (%) By Applications (2022)
Figure 7 Global Cybersecurity Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Cybersecurity Market Share (%) By Regions (2022)
Figure 9 North America Cybersecurity Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Cybersecurity Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Cybersecurity Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Cybersecurity Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Cybersecurity Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Cybersecurity Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Cybersecurity Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Cybersecurity Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Cybersecurity Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Cybersecurity Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Cybersecurity Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Cybersecurity Revenue (USD Million) By Type (2023-2030)
Figure 25 Global Cybersecurity Revenue Market Share (%) By Type (2030)
Figure 26 Global Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Figure 27 Global Cybersecurity Revenue Market Share (%) By Applications (2030)
Figure 28 Global Cybersecurity Market Revenue (USD Million) By Regions (2023-2030)
Figure 29 North America Cybersecurity Revenue (USD Million) By Country (2023-2030)
Figure 30 North America Cybersecurity Revenue (USD Million) By Type (2023-2030)
Figure 31 North America Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Figure 32 Europe Cybersecurity Revenue (USD Million) By Country (2023-2030)
Figure 33 Europe Cybersecurity Revenue (USD Million) By Type (2023-2030)
Figure 34 Europe Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Figure 35 Asia Pacific Cybersecurity Revenue (USD Million) By Country (2023-2030)
Figure 36 Asia Pacific Cybersecurity Revenue (USD Million) By Type (2023-2030)
Figure 37 Asia Pacific Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Figure 38 South America Cybersecurity Revenue (USD Million) By Country (2023-2030)
Figure 39 South America Cybersecurity Revenue (USD Million) By Type (2023-2030)
Figure 40 South America Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Figure 41 Middle East and Africa Cybersecurity Revenue (USD Million) By Region (2023-2030)
Figure 42 Middle East and Africa Cybersecurity Revenue (USD Million) By Region (2023-2030)
Figure 43 Middle East and Africa Cybersecurity Revenue (USD Million) By Type (2023-2030)
Figure 44 Middle East and Africa Cybersecurity Revenue (USD Million) By Applications (2023-2030)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Offering
· Software
· Hardware
By Type
· In-vehicle
· External cloud services
By Application
· ADAS & safety
· Body control & comfort
· Infotainment
· Telematics
· Powertrain systems
· Communication systems
By Security
· Wireless
· Application
· Endpoint
By Approach
· Intrusion Detection System
· Security Operations Centre
By Vehicle Type
· Passenger Vehicles
· Light Commercial Vehicles
· Heavy Commercial Vehicles
By Propulsion Type
· ICE Vehicles
· Electric Vehicles
By Vehicle Autonomy
· Non-autonomous Vehicles
· Semi-autonomous Vehicles
· Autonomous Vehicles
By Region
· North America (United States, Canada, Mexico)
· Europe (Germany, France, United Kingdom, Spain, Italy, Others)
· Asia Pacific (China, India, Japan, South Korea, Australia, Others)
· Latin America (Brazil, Argentina, Others)
· Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)