Automotive Cyber Security Market:
The Automotive Cybersecurity Market was valued at USD 2.79 billion in 2023, and is projected to grow to USD 3.31 billion in 2024, eventually reaching USD 12.9 billion by 2032. The market is anticipated to expand at a CAGR of 18.51% between 2024 and 2032.
However, it has also exposed vehicles to new risks and vulnerabilities in the form of cyber threats. As vehicles become more connected to external systems and networks, the need for robust cybersecurity measures has become paramount, leading to the rise of the automotive cyber security market.
This article explores the current landscape of the automotive cyber security market, the key trends driving its growth, the challenges it faces, and the prospects for this rapidly evolving industry.
The automotive cyber security market refers to the measures taken to protect vehicles from cyber-attacks and unauthorized access to sensitive data or systems. With the increasing connectivity of vehicles to the internet and other devices, the need for strong cyber security measures has become paramount to ensure the safety and privacy of vehicle occupants. The COVID-19 pandemic has had a significant impact on the automotive industry, including the automotive cyber security market.
The pandemic has led to a decrease in demand for new vehicles, which has also impacted the need for cyber security measures. However, as the world begins to recover and the demand for new vehicles increases, the need for strong cyber security measures is expected to grow as well. Additionally, with the increasing adoption of electric and autonomous vehicles, the need for robust cyber security measures is even greater.
Regional Analysis
The automotive cyber security market is expected to grow in all regions, including North America, Europe, Asia-Pacific, and the Rest of the World.
United States Automotive Cyber Security Market and Europe are expected to have the largest market share due to the presence of major automotive manufacturers and technology companies in these regions.
Asia-Pacific is expected to have the highest growth rate due to the increasing adoption of connected cars and the presence of major automotive manufacturers in countries such as China, Japan, and South Korea.
Market Segmentation
The Global Automotive Cyber Security market has been segmented into security type, type and application.
Based on security type: the automotive cyber security market is divided into Network Security, Endpoint Security, Application Security, Wireless Security, and Cloud Security segments.
Based on Types: Data on the automotive cyber security market has been divided into passenger cars and commercial trucks based on the kind of vehicle.
Based on applications: the automotive cyber security market is divided into Telematics, On Board Diagnostic (OBD), Infotainment, Communication Channels, Powertrain, Safety Systems, and other segments.
Keyplayers
Intel Corporation (U.S.), Escrypt Embedded Systems (Germany), Secunet AG (Germany), Cisco Systems Inc. (U.S.), Harman International Industries Inc. (U.S.), NNG Software Developing and Commercial LLC. (Hungary), Argus Cyber Security (Israel), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), Karamba Security (Israel)
Automotive Cybersecurity Industry Updates 2025
Cisco Systems Inc. (U.S.)
April 2025: Cisco Systems announced the launch of its enhanced "SecureConnect" platform specifically designed for connected vehicles. The new solution integrates AI-powered threat detection to identify and neutralize cyber threats in real-time, allowing automobile manufacturers to protect their vehicles' increasingly complex software systems. The platform demonstrated a 78% improvement in threat detection speed during initial testing with three major automotive partners.
Harman International Industries Inc. (U.S.)
February 2025: Harman International Industries unveiled its "Automotive Shield 3.0" security framework at the Detroit Auto Show. This latest iteration includes advanced over-the-air (OTA) security update protocols that allow manufacturers to patch vehicle software vulnerabilities without requiring dealership visits. The technology has already been adopted by BMW and Mercedes-Benz for implementation in their 2026 model year vehicles.
NNG Software Developing and Commercial LLC. (Hungary)
March 2025: NNG Software announced a strategic partnership with Tesla to develop specialized cybersecurity measures for autonomous driving systems. The collaboration aims to create an "impenetrable security layer" for Level 4 and Level 5 autonomous vehicles by combining NNG's expertise in automotive software security with Tesla's advanced driving technology. Initial phases of implementation are scheduled to begin in Q3 2025.
Explore More Trending Report
Automotive Exhaust Gas Turbochargers Market
Automotive GD Injector Market
Automotive Heating Fan Motor Market
Electric All-Wheel Drive AWD Market
Electric Public Transport Market
