What Are the Growth Projections for the Global Automotive Cybersecurity Market?
Responding to worldwide security concerns, the automotive cybersecurity market size has seen significant expansion, rising from $2.77 billion in 2024 to $3.26 billion in 2025, experiencing an impressive compound annual growth rate (CAGR) of 17.9%. Several key factors have fueled this growth, such as the emergence of connected and autonomous vehicles, the presence of stringent government regulations and industry standards, rising demand for advanced driver assistance systems (ADAS), increasing preference for luxury vehicles, and a surge in cyber threats targeting automotive systems.
The automotive cybersecurity market is poised for exponential growth in the coming years, reaching a projected $6.81 billion in 2029 at a CAGR of 20.2%. The driving forces behind this forecasted growth include the adoption of electric vehicles, integration of 5G technology in connected vehicles, an expanding attack surface, increasing reliance on over-the-air (OTA) software updates, industry expansion in emerging markets, and an uptick in proactive cybersecurity measures and investments. Major trends influencing this growth include the development of integrated cybersecurity solutions, emphasis on secure vehicle-to-everything (V2X) communication, the use of blockchain technology for secure data sharing, collaboration between car makers and cybersecurity firms for threat intelligence, and the implementation of behavior-based anomaly detection for real-time threat identification.
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What Factors Are Powering the Automotive Cybersecurity Market?
A significant driver of the automotive cybersecurity market’s growth is the soaring increase in connected cars. Connected cars, which can access the internet through inbuilt connectivity systems, necessitate sophisticated threat intelligence to safeguard against common security issues. For instance, in August 2022, the UK government estimated that by 2035, 40% of new cars in the UK could feature self-driving capabilities, a trend being mirrored globally.
What Are the Key Segments within the Global Automotive Cybersecurity Market?
1) By Security Type: Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security
2) By Form: In-Vehicle, External Cloud Services
3) By Vehicle: Passenger Car, Commercial Vehicle
4) By Application: Telematics System, Body Control and Comfort System, Infotainment System, Powertrain System, Other Applications
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Who Are the Major Players in the Automotive Cybersecurity Market?
Prominent companies leading the market include Aptiv PLC, Argus Cyber Security, Arilou Technologies, Continental AG, ESCRYPT GmbH, GuardKnox Cyber Technologies Ltd., Harman International Industries Inc., Trillium Secure Inc., SafeRide Technologies Ltd., Lear Corporation, Karamba Security, Intel Corporation, Infineon Technologies AG, Cisco Systems Inc., Delphi Technologies PLC, and others.
What Innovations Are Shaping the Automotive Cybersecurity Market Landscape?
Advanced technological innovation is key in gaining prominence in the automotive cybersecurity market. Companies are focusing on such breakthroughs to maintain their market position. For example, in June 2024, SGS Société Générale de Surveillance SA, a Switzerland-based testing, inspection, and certification company, launched the cybersecurity audit to ensure robust cybersecurity within the automotive supply chain.
Which Region Holds the Lion’s Share in the Global Automotive Cybersecurity Market?
In 2024, North America was the largest region in the automotive cybersecurity market. The global report also covers other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does the Automotive Cybersecurity Market Report 2025 Offer?
Automotive cybersecurity involves activities that help maintain the working condition of cars. It safeguards electronic systems, communication networks, control algorithms, and different types of software from malicious attacks, unauthorized access, or manipulation, reducing vehicle cyber-attacks and accidents. The Automotive Cybersecurity Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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