South Korea Connected Car Security Market (2025-2030)
The South Korea Connected Car Security Market was valued at $197.3 Million in 2025 and projected to reach to $402.5 Million by 2030, representing a compound annual growth rate of 10.7%. South Korea's connected car security market is poised for sustained expansion as the nation's automotive industry accelerates digital transformation and autonomous vehicle development.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
South Korea Connected Car Security Market Trends and Insights
- This 10.7% compound annual growth rate reflects South Korea's position as a technology leader in automotive innovation and increasing consumer demand for vehicle cybersecurity solutions.
- South Korea's advanced automotive manufacturing ecosystem and high vehicle connectivity adoption rates are driving investment in sophisticated security infrastructure to protect against evolving cyber threats. The market expansion in South Korea is fueled by stringent regulatory requirements, rising awareness of vehicle data privacy, and the proliferation of autonomous and connected vehicle technologies.
- South Korea's automotive manufacturers and technology companies are prioritizing integrated security solutions to safeguard vehicle networks, infotainment systems, and user data.
- Between 2025 and 2030, South Korea is expected to see accelerated deployment of over-the-air (OTA) update capabilities, intrusion detection systems, and encryption technologies across vehicle platforms..
Key Market Statistics
- CAGR (2025-2030) 10.7% CAGR
- Market Size, 2025 ~USD 197.3 Million
- Forecast, 2030 ~USD 402.5 Million
- Country South Korea
South Korea Connected Car Security Market Overview
Strong CAGR Growth :
South Korea's connected car security market is expanding at 10.7% CAGR from 2025 to 2030, slightly outpacing the global average of 11%, driven by the nation's advanced automotive manufacturing ecosystem and tech-savvy consumer base.
Market Valuation Trajectory :
The market is valued at USD 197.3 million in 2025 and is projected to reach USD 402.5 million by 2030, representing a doubling of market size over five years as cybersecurity becomes integral to vehicle design.
Technology Leadership Position :
South Korea's reputation as a global technology innovator, combined with its world-class automotive manufacturers like Hyundai and Kia, positions the nation as a critical hub for connected car security solutions and R&D investments.
Rising Consumer Cybersecurity Awareness :
Increasing consumer demand for vehicle cybersecurity solutions reflects South Korea's digitally mature population and growing concerns about connected vehicle vulnerabilities, regulatory compliance, and data privacy in the automotive sector.
South Korea Connected Car Security Market Dynamics
- Major manufacturers are investing heavily in cybersecurity infrastructure to protect connected vehicles from emerging threats, supported by government initiatives promoting smart mobility and vehicle-to-everything (V2X) communication standards.
- The market will benefit from South Korea's robust semiconductor and software development capabilities, enabling rapid innovation in security solutions. Regulatory frameworks emphasizing vehicle data protection and cybersecurity standards will further drive market adoption.
- As South Korean automakers expand globally, demand for advanced security solutions will intensify both domestically and internationally.
- Strategic partnerships between automotive OEMs, cybersecurity firms, and technology providers will accelerate solution deployment, positioning South Korea as a key market for connected car security innovation through 2030..
Related Ecosystem
Automotive Advance Technologies
- Battery Electric Vehicle (BEV)
- Light Commercial Vehicles (LCVs)
- Fuel Cell Electric Vehicle (FCEV)
- Hybrid Electric Vehicle (HEV)
- Internal Combustion Engine (ICE)
- BOSCH LIMITED
- Continental ag
- Visteon Corporation
- DENSO Corporation
- ZF FRIEDRICHSHAFEN AG
Automotive Systems
- Light Commercial Vehicles (LCVs)
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Agricultural Tractors
- Fuel Cell Electric Vehicle (FCEV)
- BOSCH LIMITED
- DENSO Corporation
- Continental ag
- ZF FRIEDRICHSHAFEN AG
- GORKOVSKY AVTOMOBILNY ZAVOD
Connected Car
- Light Commercial Vehicles (LCVs)
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Cellular Network
- Sensors
- BOSCH LIMITED
- Visteon Corporation
- Jabil Inc.
- VALENS SEMICONDUCTOR LTD.
- DENSO Corporation
Key Takeaways
- South Korea's connected car security market will grow from USD 197.3M (2025) to USD 402.5M (2030) at a 10.7% CAGR.
- South Korea's advanced automotive sector and high vehicle connectivity rates drive demand for comprehensive cybersecurity solutions.
- Regulatory compliance and data privacy concerns are accelerating adoption of integrated security technologies in South Korea.
- South Korea is positioned as a regional leader in deploying OTA updates, intrusion detection, and encryption across connected vehicles.
Connected Car Security Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Fastest Growing Segment | FCEV (Electric Vehicle Type) |
| Forecast Period | 2025–2030 |
| Growth Rate | CAGR of 11% from 2025 to 2030 |
| Largest Segment | SOFTWARE-BASED SOLUTIONS (Solution Type) |
| Market Size Base Year (Billions) | ~USD 3.37 (2025) |
| Revenue Forecast (Billions) | ~USD 5.67 (2030) |
| Segments Covered | Application, Electric Vehicle Type, Form, Security Type, Solution Type |
South Korea Connected Car Security Market Report Segmentation
5 segment dimensions are covered across the global market.
By Application
- ADAS & Autonomous Driving Systems
- Communication Modules
- Infotainment Systems
- Telematics Control Units (Tcus)
By Electric Vehicle Type
- Bev
- Fcev
- Hev
- Phev
By Form
- External Cloud Services
- In-Vehicle Solutions
By Security Type
- Application Security
- Cloud Security
- Endpoint Security
- Network Security
By Solution Type
- Hardware-Based Solutions
- Software-Based Solutions
Target Audience
- Automotive OEMs & Suppliers : South Korean and international automakers need market intelligence to develop competitive connected car security strategies, benchmark against local competitors, and align product roadmaps with market demand and regulatory requirements.
- Cybersecurity Solution Providers : Security software and hardware vendors require detailed market sizing, growth forecasts, and customer segmentation data to identify expansion opportunities in South Korea's high-growth automotive cybersecurity segment.
- Investment & Private Equity Firms : Investors seeking exposure to South Korea's automotive technology sector need comprehensive market analysis, valuation benchmarks, and growth trajectory data to evaluate investment opportunities and portfolio companies.
- Government & Policy Makers : South Korean government agencies and regulatory bodies require market insights to develop informed policies, cybersecurity standards, and incentive programs supporting the nation's connected vehicle ecosystem development.
- Technology Consultants & Analysts : Management consultants and research firms need South Korea-specific market data to advise clients on market entry strategies, competitive positioning, and technology adoption roadmaps in the connected car security space.
Key Companies in the South Korea Connected Car Security Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| AUMOVIO SE | Germany | Public Company | Endpoint / In-vehicle security (ECUs, TCUs, embedded stacks),Application & ADAS security,Network & communication module security, |
| BLACKBERRY LIMITED | Canada | Public Company | Endpoint / In-vehicle Software (QNX OS, hypervisor, embedded security),Application & Network Security (Certicom crypto, secure communications, key management),Cloud / External Security Services (policy, lifecycle, analytics), |
| NXP SEMICONDUCTORS | Netherlands | Public Company | Endpoint & Application Security (MCUs, application processors with security, secure elements),Network & Communication Security (secure V2X, secure CAN/Ethernet, communication processors),Security Software & Firmware (crypto libraries, HSM firmware, lifecycle management), |
| HARMAN INTERNATIONAL | United States | Private Company | Endpoint security (infotainment head units, digital cockpit, in-vehicle gateways),Application security (connected vehicle platform, OTA, secure apps),Network security (in-vehicle networks, V2X, communication modules), |
| KPIT | India | ||
| THALES | France | ||
| AUTOCRYPT CO., LTD. | South Korea | Public Company | In-vehicle security software (IDS, HSM, ASL, TEE, Security Analyzer, Security Fuzzer),V2X and PKI-based security (V2X-EE, V2X-PKI, IMS, KEY),EV charging and mobility platforms (pnc, EVIQ, MOVE, RODAS), |
| ARM LIMITED | United Kingdom | Public Company | Endpoint / In-vehicle security enablement (CPU, NPU, system IP in TCUs & gateways),Infotainment and cockpit compute platforms,ADAS and autonomous domain controllers, |
| TREND MICRO INCORPORATED | Japan | Public Company | Endpoint / In-vehicle Security Software,Network & Application Security (In-vehicle + External Cloud),Security Operations / Managed XDR for Automotive, |
AUMOVIO SE
AUMOVIO SE is a German public company founded in 2024 with 31,054 employees.
BLACKBERRY LIMITED
BlackBerry Limited is a Canadian public company founded in 1984 that operates with 1,749 employees.
NXP SEMICONDUCTORS
NXP Semiconductors is a Netherlands-based public company founded in 2006 with 32,169 employees.
HARMAN INTERNATIONAL
Harman International is a United States-based private company founded in 1980 with 26,000 employees.
KPIT
Insufficient data provided for KPIT.
THALES
Insufficient data provided for Thales.
AUTOCRYPT CO., LTD.
Autocrypt Co., Ltd. is a South Korean public company founded in 2007.
ARM LIMITED
ARM Limited is a United Kingdom-based public company founded in 1990 with 9,584 employees.
TREND MICRO INCORPORATED
Trend Micro Incorporated is a Japanese public company founded in 1965 with 6,717 employees.
Reasons to Buy this Report
- Market-Specific Growth Insights : Gain detailed understanding of South Korea's 10.7% CAGR trajectory and USD 205.2 million market expansion opportunity, with localized forecasts and growth drivers specific to the Korean automotive ecosystem.
- Competitive Landscape Analysis : Identify key South Korean and international players competing in the market, including Hyundai, Kia, and emerging cybersecurity vendors, with strategic positioning and market share assessments tailored to Korea's unique competitive dynamics.
- Regulatory & Policy Framework : Understand South Korea-specific regulations, government initiatives, and compliance requirements driving connected car security adoption, including local data protection laws and automotive cybersecurity standards.
- Investment & Partnership Opportunities : Identify high-potential investment targets, joint venture opportunities, and strategic partnerships within South Korea's automotive and cybersecurity sectors, supported by market data and trend analysis.
- Technology & Innovation Trends : Discover emerging security technologies, R&D initiatives, and innovation hotspots in South Korea, including autonomous vehicle security, V2X communication protection, and semiconductor-based solutions.
Frequently asked questions
What is the current size of South Korea's connected car security market?
South Korea's connected car security market is valued at USD 197.3 million in 2025.
What is the projected market size for South Korea by 2030?
South Korea's connected car security market is forecast to reach USD 402.5 million by 2030.
What is the growth rate for South Korea's connected car security market?
South Korea's connected car security market is expected to grow at a compound annual growth rate (CAGR) of 10.7% from 2025 to 2030.
What factors are driving growth in South Korea's connected car security market?
Growth in South Korea is driven by regulatory requirements, vehicle connectivity adoption, autonomous vehicle development, data privacy awareness, and manufacturer investment in integrated security solutions.
Which security technologies are most relevant to South Korea's automotive market?
South Korea's market prioritizes over-the-air (OTA) updates, intrusion detection systems, encryption technologies, and network security solutions for connected and autonomous vehicles.
RESEARCH METHODOLOGY
The research uses extensive secondary sources, such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the connected car security market. Primary sources, such as experts from related industries, OEMs, and suppliers, have been interviewed to obtain and verify critical information and assess the growth prospects and market estimations.
Secondary Research
Secondary sources referred to for this research study include connected car security industry organizations, such as the World Electric Vehicle Association. It also includes corporate filings such as annual reports, investor presentations, and financial statements. The secondary data collected and analyzed to arrive at the total market size has been validated by primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the connected car security market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand (OEMs) and supply (connected car security solution providers) sides across major regions, namely the Asia Pacific, Europe, North America, and Rest of the World. Primary data was also collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing departments, have been covered to provide a holistic viewpoint in the report.
After interacting with industry experts, brief sessions have been conducted with highly experienced independent consultants to reinforce the findings from primaries. This, along with the in-house subject matter experts’ opinions, has led to the conclusions described in the remainder of this report.
Note: Others include Sales Managers and Product Managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the top-down approach, an exhaustive list of all the vendors who offer connected car security solutions and services was prepared. The revenue contribution for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on their security type, application, solution type, form, and EV type. The aggregate of all company revenues was extrapolated to reach the overall market size. Further, each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives. These market numbers were further triangulated with the existing MarketsandMarkets repository for validation.
Connected Car Security Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the vehicles complying with the connected car security market through the methodology explained above, the market has been split into several segments and subsegments. Data triangulation is a research technique used to increase the validity and reliability of findings by cross-validating data from multiple sources or methods. This technique involves the use of multiple sources of data, such as surveys, interviews, observations, and secondary data, to confirm and corroborate the findings obtained from each source. The extrapolated market data has been triangulated by studying various macro indicators and regional trends from both the supply and demand sides.
Market Definition
Connected car security is the protection of internet-enabled vehicles from cyber threats targeting communication networks, data, and safety-critical systems. It involves using encryption, authentication, intrusion detection, and secure over-the-air (OTA) updates to prevent unauthorized access or manipulation. The approach ensures secure data storage, transmission, and communication while maintaining compliance with global cybersecurity standards, safeguarding vehicle safety, privacy, and reliability in connected environments.
Key Stakeholders
- Original Equipment Manufacturers (OEMs)
- Cybersecurity Solution Providers
- Semiconductor and Chipset Manufacturers
- Telematics and Infotainment System Providers
- Cloud and Network Service Providers
- Telecom and Internet Service Providers
- Government Regulators and Policymakers
Report Objectives
-
To segment and forecast the connected car security market size in terms of value, based on
- Security Type (Endpoint Security, Application Security, Network Security, and Cloud Security)
- Application (Telematics Control Units (TCUs), Infotainment Systems, ADAS & Autonomous Driving Systems, and Communication Modules)
- Electric Vehicle Type (BEV, PHEV, HEV, and FCEV)
- Solution (Software-based Solutions and Hardware-based Solutions)
- Form (In-Vehicle Solutions and External Cloud Services)
- Region (Asia Pacific, Europe, North America, and the Rest of the World)
- To understand the dynamics (drivers, restraints, opportunities, and challenges) of the market
- To analyze the evaluation matrix of leading players operating in the market (Players have been categorized as stars, pervasive players, emerging leaders, and participants. The categorization has been done based on recent developments, product launches, the company’s regional presence, and product portfolio.)
- To strategically analyze the key player strategies and company revenue analysis of key players in the connected car security market from 2019 to 2032
-
To study the following aspects of the report:
- Macroeconomics Indicators
- GDP Trends and Forecasts
- Global Connected Car Industry Trends
- Global Automotive & Transportation Industry Trends
- Ecosystem Analysis
- Value Chain Analysis
- Pricing Analysis
- Trade Analysis
- Key Conferences & Events (2025–2026)
- Investment & Funding Scenario
- Trends/Disruptions Impacting Customers’ Business
- Case Study Analysis
Customization Options
With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakup of the Asia Pacific market into countries contributes 75% to the regional market size
- Further breakup of the North American market into countries contributing 75% to the regional market size
- Further breakup of the Latin American market into countries contributing 75% to the regional market size
- Further breakup of the Middle East & African market into countries contributing 75% to the regional market size
- Further breakup of the European market into countries contributing 75% to the regional market size
Get the Full Connected Car Security Market Report
Full forecast, segment splits, and company analysis for all Connected Car Security Market.
- China Connected Car Security Market
- Japan Connected Car Security Market
- India Connected Car Security Market
- UK Connected Car Security Market
- Germany Connected Car Security Market
- France Connected Car Security Market
- Spain Connected Car Security Market
- Italy Connected Car Security Market
- Canada Connected Car Security Market
- Mexico Connected Car Security Market
- US Connected Car Security Market
- Iran Connected Car Security Market
- South Africa Connected Car Security Market
- Rest Of Europe Connected Car Security Market
- Rest Of Asia Pacific Connected Car Security Market
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