Press Releases

The global automotive cybersecurity market was valued at USD 2.4 billion in 2019 and is expected to reach USD 7.5 billion by 2027, growing at a CAGR of 15.2% during 2021-2027. Driverless cars are still in emerging phase and several companies are marking efforts to commercialized is soon. Some of the renowned names in the automotive industry have already made some significant announcements, for instance, BMW will reveal its self-driving electric vehicle called BMW iNext, by 2021. All these developments in the field of automotive industry will bring numerous new opportunities for the cybersecurity service providers.  

Passenger car held the larger share in the automotive cybersecurity market in 2020

On the basis of vehicle type, the market is bifurcated into passenger car and commercial vehicle. Passenger car is expected to account the higher market share in 2019 and is expected to grow at fastest rate during the forecast period with large number of tier1 and tier2 OEMs investment in enhancing security features.

Geography Insight

Geographically, APAC, is the largest and fastest growing automotive cybersecurity market with largest number of vehicle production on yearly basis, advancing in-vehicle electronic architecture, and growing number of automotive OEMs and electronic component suppliers in the region. This will further up surge the growth of the China automotive cybersecurity market in years to come.

Competitive Insight

Some of the key players operating in the global automotive cybersecurity market are Harman International, Continental AG, Robert Bosch GmbH, Denso Corporation, Aptiv PLC, Symantec Corporation, NXP Semiconductors N.V., Honeywell International Inc., Trillium Secure Inc., and Escrypt GmbH.

Key Takeaway from the Report:

• Among all the security type, endpoint security segment captures highest market share in 2019 and is expected to grow at fastest rate during the forecast period.
• Of all the fitting type, in-vehicle accounted for the foremost share in the automotive cybersecurity market in 2020.
• Among all the application, the powertrain application segment accounted for a foremost share in the automotive cybersecurity market in 2020.
• Of all vehicle type, passenger car is expected to account the higher market share in 2020.

The Report Offers:

• Historical market estimate for the years 2019–2020 and forecast for the years 2021–2027
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the global automotive cybersecurity market on the basis of security type, fitting type, application, vehicle type, and region.

 

Global Automotive Cybersecurity Market Coverage

Security Type Insight and Forecast 2015 – 2027

• Endpoint Security
• Application Security
• Wireless Network Security

Fitting Type Insight and Forecast 2015 – 2027

• In-Vehicle
• External Cloud

Application Insight and Forecast 2015 – 2027

• Telematics System
• Infotainment System
• Powertrain System
• Body Control & Comfort System
• Communication System
• ADAS & Safety System

Vehicle Type Insight and Forecast 2015 – 2027

• Passenger Vehicle
• Commercial Vehicle

Geographical Segmentation

Automotive Cybersecurity Market by Region

North America

• By Security Type
• By Fitting Type
• By Application
• By Vehicle Type
• By Country – U.S., Canada, and Mexico

Europe

• By Security Type
• By Fitting Type
• By Application
• By Vehicle Type
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Security Type
• By Fitting Type
• By Application
• By Vehicle Type
• By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Security Type
• By Fitting Type
• By Application
• By Vehicle Type
• By Country – Brazil, South Africa, Saudi Arabia, and Other Countries