AUTOMOTIVE CYBERSECURITY MARKET - KEY DRIVERS, TRENDS, AND GROWTH PROSPECT

Automotive Cybersecurity Market - Key Drivers, Trends, and Growth Prospect

Automotive Cybersecurity Market - Key Drivers, Trends, and Growth Prospect

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What is Automotive Cybersecurity?

Automotive cybersecurity is the practice of protecting a vehicle’s electronic systems, communication networks, software, and data from cyberattacks to ensure safe and secure vehicle operation.The automotive cybersecurity market is experiencing rapid evolution, driven by the growing integration of connected and autonomous technologies in modern vehicles. Although the market is still in its infancy, the growing number of electronic control units (ECUs) in electric cars and the growing risk of cyberattacks against automotive systems are the main drivers of its growth. Original equipment manufacturers (OEMs) have had to invest in strong internal cybersecurity safeguards as a result of the significant financial damages these attacks have caused. Leading cybersecurity solution providers are partnering with other important participants in the automotive ecosystem in order to increase their market presence. The market will likely become more competitive as connected car adoption picks up speed, with both well-established and up-and-coming businesses vying to provide cutting-edge, scalable, and secure automotive cybersecurity solutions.

The automotive cybersecurity solutions market is likely to continue growing to maintain leading market positions in the automotive cybersecurity industry.

Frequently Asked Questions (FAQs) About Omics and Spatiotemporal Technologies


Q: What are automotive cybersecurity solutions?

Automotive cybersecurity solutions are technological solutions used for protecting vehicles and vehicle-related data against cyber-attacks, including attacks on vehicle communication channels, infotainment systems, OBD ports, and sensors, among others.
Q: What are the key business opportunities in the automotive cybersecurity market?

The key business opportunities in the automotive cybersecurity market include rising demand for advanced cybersecurity solutions, technological developments in autonomous vehicles, and the introduction of electric vehicle wireless battery management
Q: What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

The players in the automotive cybersecurity market adopt the strategies of business expansion through partnerships, acquisitions, and product developments to maintain and strengthen their market position, helping them retain their present customers while also attracting new ones

What is the market impact in automotive cybersecurity?

The automotive cybersecurity market is being significantly influenced by several key factors. These include the growing number of electronic control units (ECUs) in electric cars, which are meant to improve the functionality and performance of the vehicle, and the increasing number of cyberattacks that target automotive systems. Furthermore, the danger surface is growing due to the increasing use of connected and driverless cars, which makes strong cybersecurity solutions urgently needed. Solution providers are actively working with important stakeholders and investing heavily in the creation of cutting-edge cybersecurity technology in response. The need for efficient cybersecurity solutions is anticipated to grow as automotive original equipment manufacturers (OEMs) become more conscious of and concerned about vehicle security. Consequently, over the course of the projected period, the automotive cybersecurity market is expected to increase significantly.

Market Segmentation


1. By Application

  • Communication

  • Advanced Driver Assistance System (ADAS) and Safety System

  • On-Board Diagnostics (OBD)

  • Infotainment

  • Telematics

  • EV Charging Stations


2. By Vehicle Type

  • Passenger Vehicle

  • Commercial Vehicle


Which Regions are Leading in Automotive Cybersecurity?



  • North America

  • Europe

  • Asia-Pacific



Recent Developments 



  • October 2022 – Denso Corporation partnered with NTT Communications Corporation to establish a Vehicle Security Operation Center (VSOC) aimed at addressing the rise in cyber threats targeting connected vehicles.


  • September 2022 – Argus Cyber Security Ltd. and Elektrobit launched EB zoneo SwitchCore Shield, a pre-integrated solution with intrusion detection and prevention system (IDPS) capabilities and advanced network management, tailored for next-generation vehicles.




  • March 2020 – ESCRYPT GmbH partnered with NTT Ltd.’s security division to offer joint cybersecurity solutions focused on enhancing the cyber resilience of vehicle fleets.


  • March 2020 – Argus Cyber Security Ltd. collaborated with NXP Semiconductors to release an integrated solution using Argus's Ethernet IDS and NXP’s S32G processor, designed to secure ADAS and service-oriented gateways against Ethernet-based attacks.


  • February 2020 – Karamba Security launched XGuard 2.0, an embedded self-protection solution for automotive ECUs that provides runtime integrity and protects the PikeOS hypervisor.




  • January 2018 – HARMAN introduced enhanced detection features for its SHIELD platform, targeting the protection of semi-autonomous and autonomous vehicles from cyber threats aimed at sensor systems.


Who are the major players in the automotive cybersecurity market?

Private Companies

  • Argus Cyber Security Ltd.

  • ESCRYPT GmbH

  • Karamba Security


Public Companies

  • Lear Corporation

  • DENSO Corporation

  • HARMAN International

  • Broadcom Inc.


Start-Ups 

  • GuardKnox Cyber-Technologies Ltd.

  • C2A-SEC LTD


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Conclusion

The automotive cybersecurity market is rapidly evolving, driven by the increasing complexity of vehicle electronics, widespread adoption of connected and autonomous vehicles, and rising cyber threats. Strong cybersecurity solutions are essential to preserving vehicle safety, data integrity, and privacy as the number of software-defined systems and electronic control units (ECUs) in automobiles increases. To create sophisticated, multi-layered security solutions, major industry participants—including OEMs, technology suppliers, and startups—are actively working together and developing. Global regulatory frameworks that enforce strict cybersecurity requirements are further propelling market expansion. With rising investments in cloud security, AI-driven threat detection, and next-generation protection technologies influencing the direction of automotive cybersecurity, the market is expected to grow significantly in the next years.

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