Global Automotive Cybersecurity Market to Reach US$ 14.2 Billion by 2032, Impelled by Shared Mobility

April 17, 2023 | Automotive Industry

According to the latest report by IMARC Group, titled "Automotive Cybersecurity Market Report by Security Type (Application Security, Wireless Network Security, Endpoint Security), Form (In-Vehicle, External Cloud Services), Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle), Application (ADAS and Safety, Body Control and Comfort, Infotainment, Telematics, Powertrain Systems, and Others), and Region 2024-2032," the global automotive cybersecurity market size reached US$ 3.2 Billion in 2023. Automotive cybersecurity refers to the protection of in-vehicles computer systems from cybercriminals. It offers improved safety by preventing unauthorized access to safety-critical systems, such as brakes, steering, and airbags. It also helps in protecting personal data, such as personal preferences, location, and address, from hacking. As a result, automotive cybersecurity facilitates secure communication, authentication and authorization, resilience, intrusion detection and prevention, and real-time monitoring and finds application in infotainment, telematics, and powertrain systems of vehicles. 


Global Automotive Cybersecurity Market Trends:

At present, the burgeoning automotive sector and increasing adoption of advanced driver assistance systems (ADAS), shared mobility, and self-driving cars, for improving safety and comfort represent one of the key factors positively influencing the market across the globe. In addition, as the ecosystem is getting more linked, the connectivity of vehicles with traffic signals, parking meters, and other vehicles is exposing new vulnerabilities for user privacy and integrity of automotive data, which, in turn, is catalyzing the demand for automotive cybersecurity worldwide. Apart from this, shifting consumer preferences towards automobiles with open application programming interfaces (APIs) that facilitate a seamless flow of data across mobility systems is offering lucrative growth opportunities to key market players. Apart from this, governments of various countries are undertaking favorable initiatives to ensure the safety and security of vehicles from cyber attacks. They are also introducing regulatory guidelines and collaborating with automakers and other stakeholders to develop common standards and best practices for automotive cybersecurity, which is stimulating the market growth worldwide. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 14.2 Billion by 2032, exhibiting a CAGR of 17.68% during 2024-2032.


Market Summary:

  • Based on the security type, the market has been segregated into application security, wireless network security, and endpoint security. At present, wireless network security accounts for the majority of the total market share.
  • On the basis of the form in-vehicle holds the largest share of the market, followed by external cloud services.
  • Based on the vehicle type, the market has been classified into passenger car, commercial vehicle, and electric vehicle. Presently, passenger car dominates the market.
  • On the basis of the application, the market has been categorized into ADAS and safety, body control and comfort, infotainment, telematics, powertrain systems, and others. At present, Infotainment exhibits a clear dominance in the market. 
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Aptiv PLC, Capgemini SE, Continental AG, DENSO Corporation, GuardKnox, HARMAN International (Samsung Electronics Co. Ltd.), Karamba Security Ltd., NXP Semiconductors N.V., Upstream Security Ltd., and Vector Informatik GmbH.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Security Types Covered Application Security, Wireless Network Security, Endpoint Security
Forms Covered In-Vehicle, External Cloud Services
Vehicle Types Covered Passenger Car, Commercial Vehicle, Electric Vehicle
Applications Covered ADAS and Safety, Body Control and Comfort, Infotainment, Telematics, Powertrain Systems, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aptiv PLC, Capgemini SE, Continental AG, DENSO Corporation, GuardKnox, HARMAN International (Samsung Electronics Co. Ltd.), Karamba Security Ltd., NXP Semiconductors N.V., Upstream Security Ltd., Vector Informatik GmbH, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. 


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Automotive Cybersecurity Market to Reach US$ 14.2 Billion by 2032, Impelled by Shared Mobility
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More