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Automotive Cybersecurity Market is Anticipated to Expand upto $6.68 Billion in 2029
Automotive Cybersecurity
What Is the Forecasted Market Growth Rate of the Automotive Cybersecurity Industry?
The market size of automotive cybersecurity has been expanding swiftly over the past few years. Expected to escalate from $2.77 billion in 2024 to $3.24 billion in 2025, it boasts a compound annual growth rate (CAGR) of 17.2%. This surge during the historic period is owed to factors such as the widespread adoption of autonomous and connected vehicles, tight government and industry regulations, surging need for advanced driver assistance systems (ADAS), growing demands for luxury vehicles, and an increase in cyber threats aimed at automotive systems.
How Will the Automotive Cybersecurity Market Size Evolve From 2025 to 2029?
In the several following years, a considerable acceleration in growth is anticipated for the automotive cybersecurity market, with projections placing its value at $6.68 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 19.8%. Several factors can be identified to explain this growth during the forecast period, including widespread adoption of electric cars, integration of 5G technology in connected vehicles, expanding attack surface, growing dependency on over-the-air (OTA) software updates, emerging markets driving the expansion of the automotive industry, and an upsurge in both awareness and investment in preemptive cybersecurity measures. Major tendencies observed during the forecast period encompass the development of combined cybersecurity solutions, focus on secure vehicle-to-everything (V2X) communication, adoption of blockchain tech for secure data exchange, partnerships among car manufacturers and cybersecurity companies for threat intelligence, and the use of behavior-based anomaly detection for instant threat identification.
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What Are the Main Growth Drivers in the Automotive Cybersecurity Market Today?
The rise in the count of connected cars is playing a major role in boosting the automotive cybersecurity market's growth. A connected car is a vehicle that has internet access through an integrated connectivity system. In connected cars, cybersecurity incorporates aspects like the need for advanced threat intelligence to protect the cars against typical security issues. For instance, the UK Government reported in August 2022 that around 40% of new cars in the UK may have self-driving features by 2035, an indicator of trends observed in markets globally.
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Which Automotive Cybersecurity Market Segment Is Expected to Lead Through 2029?
The automotive cybersecurity market covered in this report is segmented -
1) By Security Type: Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security
2) By Form: In-Vehicle, External Cloud Service
3) By Vehicle: Passenger Car, Commercial Vehicle
4) By Application: Telematics System, Body Control And Comfort System, Infotainment System, Powertrain System, Other Applications
Subsegments:
1) By Network Security: Intrusion Detection Systems (IDS), Firewalls, Secure Network Protocols
2) By Application Security: Secure Coding Practices, Application Vulnerability Testing, Software Updates And Patching
3) By Endpoint Security: Anti-Malware Solutions, Endpoint Detection And Response (EDR), Device Authentication
4) By Wireless Security: Secure Communication Protocols, Encryption Solutions, Wireless Intrusion Prevention Systems (WIPS)
5) By Cloud Security: Data Encryption And Protection, Identity And Access Management (IAM), Cloud Security Posture Management (CSPM)
Which Market Trends Are Expected to Dominate Automotive Cybersecurity Industry Growth?
The rise of technological advancements is a significant trend noted in the automotive cybersecurity market. Many major corporations in this field are concentrating on these innovations as a strategy to retain their market standing. For example, SGS Société Générale de Surveillance SA, a Switzerland-based company specializing in testing, inspection, and certification, introduced a cybersecurity audit in June 2024, aimed at ensuring cybersecurity throughout the automotive supply chain. With the evolution of digitized vehicle systems, upgraded cybersecurity solutions have become critical to preserve product quality and consumer confidence. The UN Regulation No. 155 (UN R-155) enforces that vehicle manufacturers must tackle supplier-related threats in their Vehicle Cybersecurity Management System (V-CSMS) to protect their vehicles and parts. Performing V-CSMS audits on suppliers aids manufacturers in successfully managing these concerns.
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Which Companies Hold the Largest Market Share in the Automotive Cybersecurity Sector?
Major companies operating in the automotive cybersecurity 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, Vector Informatik GmbH, Symantec Corporation, Regulus Cyber, C2A Security Ltd., XShield Ltd., Apriori Technologies Inc., AutoCrypt Co Ltd., Idaptive Automotive Cybersecurity, GuardSquare NV, Altimetrik Corp., Identiq Automotive Ltd., Guardtime AS, ForgeRock Automotive, AutomotiveCyber GmbH, Thales Group, NXP Semiconductors NV, Green Hills Software
Where Is the Automotive Cybersecurity Market Experiencing the Highest Growth?
North America was the largest region in the automotive cybersecurity market in 2024. The regions covered in the automotive cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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