Automotive Cybersecurity Market Valuation was Hit USD 3.4 billion in 2023 and Set to reach USD 12.24 billion by 2030 | Denso Corporation, Honeywell International

MarkNtel Advisors, a leading market research company, has recently releases report titled “Automotive Cybersecurity Market Report by Offering (Hardware, Software), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicle [LCV], Medium & Heavy Commercial Vehicles [MHCV]), By Propulsion (ICE Vehicles, Electric Vehicles), By Vehicle Autonomy (Non-autonomous Vehicles, Semi-autonomous Vehicles, Autonomous [Driverless] Vehicles), and Region 2024-2030”. The study provides a detailed analysis of the industry, including the Automotive Cybersecurity market size, share, top player, latest trends, and growth forecasts. The report also includes geographical analysis and highlights the latest advancements in the market.

How Big is the Automotive Cybersecurity Industry?

The Global Automotive Cybersecurity Market size reached USD 3.4 Billion in 2023. Looking forward, it is projected to reach USD 12.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 19.5% during the forecast period, i.e., 2024-30.

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Automotive Cybersecurity Market Opportunity:

Ride-sharing Companies Expanding Worldwide – With the increasing populace, which is becoming more urbanized, the workforce is also growing. Hence, in the past few years, the usage of ride-sharing has been amplified. Therefore, ride-sharing companies have been receiving government support in various countries, to fulfill the growing demand for their services worldwide.

The ride-sharing service not only brings ease to consumers but also helps in reducing traffic on roads. Services like these have resulted in high demand, justified by the high level of comfort they offer to consumers. These services are further enabled to deliver greater consumer comfort, along with traffic reduction. Furthermore, these services are designed to mine sensitive user information, such as personal details & travel routes, so cybersecurity is of utmost importance. Hence, ride-sharing services have been contributing to driving the Automotive Cybersecurity Market. Further, ride-sharing companies are also coming up with advanced technology and solutions to enhance their consumer experience and gain market leadership in the forecast years.

Competitor Breakdown: Top Automotive Cybersecurity Companies 2024-2030

• Infineon Technologies AG
• Continental AG (Argus Cyber Security)
• Robert Bosch GmbH (ESCRYPT GmbH)
• Garrett Motion Inc.
• Intel Corporation
• Aptiv Plc.
• C2A Security
• Harman International Industries, Inc.
• Denso Corporation
• Honeywell International Inc.
• SBD Automotive
• NNG Software Developing and Commercial Llc.
• Karamba Security
• Vector Informatik GmbH

Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.

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Regional Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and South America

• Share of each region segment in the Market
• Potential growth opportunities in the region
• The growth rate of the region in the Industry

Breaking Down the Automotive Cybersecurity Market Segmentation:

By Offering

• Hardware
• Software

By Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicle (LCV)
• Medium & Heavy Commercial Vehicles (MHCV)

By Propulsion

• ICE Vehicles
• Electric Vehicles

By Vehicle Autonomy

• Non-autonomous Vehicles
• Semi-autonomous Vehicles
• Autonomous (Driverless) Vehicles

By Deployment Type

• Embedded
• Integrated (Cloud-based)

By Application

• Body Control & Comfort
• ADAS & Safety Systems
• Telematics System
• Infotainment System
• Powertrain System
• Other (On-board Diagnostics, Operational Data, etc.)

By Security

• Application Security
• Wireless Network Security
• Endpoint Security
• Others (Network Security, Cloud Security, etc.)

Why This Report:

• We offer strategic insights and data analytics across 80+ countries, empowering clients to make informed decisions.
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