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3. Continental AG (Germany) and Robert Bosch GmbH (Germany) are the Key Players in the Automotive Cybersecurity Market

The global automotive cybersecurity market size is projected to grow from USD 2.0 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 21.3%. The key growth drivers of the market are the increasing sales of luxury vehicles, electric vehicles and connected vehicles, and the adoption of regulations related to automotive cybersecurity. Also the increasing usage of electronics per vehicle, growing cloud-based applications, rising penetration of V2X enabled services are also expected to fuel the demand for automotive cybersecurity solutions in the coming years globally.

The automotive cybersecurity market is dominated by global companies such as Continental AG (Germany), Robert Bosch GmbH (Germany), Harman International (US), DENSO Corporation (Japan), Aptiv PLC (Ireland), Garrett Motion Inc. (Switzerland), and Renesas Electronics Corporation (Japan). These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market. Also, in past few years, start-ups have gained prominence in the automotive cybersecurity market. Start-ups like Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies (Israel), GuardKnox Cyber Technologies Ltd. (Israel),  Upstream Security Ltd. (Israel), and Green Hills Software came up with innovative solutions and have collaborated with leading Tier I and II suppliers. Collaboration with OEMs and Tier I companies was the most adopted strategy by leaders in the automotive cybersecurity market. New product development was the second most adopted strategy by top players in the automotive cybersecurity market.

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Continental AG is a key player in the automotive cybersecurity market. Its expertise in passenger safety, connectivity services, and telematics is expected to play a crucial role in the future. Through, vehicle networking and information division, it offers various solutions for automotive cybersecurity to its clients. It offers end-to-end cybersecurity and over-the-air software update solutions through Argus Cyber Security (Argus) and several vehicle electronics products, namely telematics units, infotainment systems, gateways, etc., through Elektrobit (EB). For cybersecurity, it focuses on 4 major areas, i.e., individual electronic components, communication between these individual components, numerous interfaces between the vehicle and the outside world, and data transfer & processing outside the vehicle. It aims at enabling OEMs to prevent, understand and respond to cyber threats. The company provides consultation and offers security components for the application layer, hardware-specific security products, AUTOSAR basic software, and security solutions for the bootloader.

Robert Bosch GmbH has the potential to become a leader in the automotive cybersecurity market. It delivers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It offers automotive cybersecurity solutions to its customer through its subsidiary, ETAS. In 2021, the company developed an integrated cybersecurity maturity model, i.e., PROOF maturity model for the automotive industry, which supports vehicle manufacturers and suppliers in implementing a cybersecurity management system.

Harman International is a specialist in automotive cybersecurity solutions and provides business solutions in areas of the connected car, lifestyle audio, professional services, and connected services. By combining the Harman Ignite Secure Cloud platform with Harman Shield automotive cybersecurity platform, it serves OEMs with a complete set of solutions to protect from cyberattacks. On the back of a widespread product portfolio and better product quality, the company has emerged as a one-stop solution for automotive cybersecurity needs to all the OEMs globally. In 2021, it launched two new products in the cybersecurity domain, namely, HARMAN Ignite Store Developers Portal and HARMAN Turbo Connect (TBOT).

DENSO Corporation is one of the reputed players offering various solutions in the automotive cybersecurity domain. It offers external connections protection, secure gateways, in-vehicle LAN security, and ECU protection type of advanced technologies that prevent hackers from controlling a vehicle and potential malfunction of in-vehicle systems. In 2021, the company launched in-vehicle blockchain technology in the cybersecurity domain. It is a lightweight operation of tampering detection by an in-vehicle device that has been verified by this technology. In 2021, it developed IoT cloud-based technology that replicates real-life urban environments and traffic conditions in a virtual space. It collects and analyses the data to anticipate traffic issues termed as MaaS (Mobility as a Service).

Aptiv PLC is a key player in the automotive cybersecurity market. It designs and manufactures electrical products and provides active safety technology solutions for the automotive market. It offers automotive cybersecurity solutions under the connectivity & security business unit. Some of the major customers of the company are General Motors (US), Volkswagen (Germany), FCA (UK), and Ford (US). It offers threat detection and mitigation, digital twin & cloud services, external connections, secure gateways, in-vehicle LAN security, and ECU protection. In 2021, the company launched zone controllers, next-generation technology platform for automated driving, and a new advanced driver assistance system (ADAS) in the cybersecurity domain.

Key start-ups like Upstream Security Ltd., GuardKnox Cyber Technologies Ltd. adopted regional expansion and product development as key strategies to stay ahead in the race of automotive cybersecurity market. In 2020, Upstream Security Ltd. joined the Amazon Web Services (AWS) Partner Network as a Select Tier Technology Partner. It also partnered with Fujitsu Limited (Japan) in 2020  to develop security operations solutions for connected vehicles. Moreover, The company announced a new integration between the Upstream C4 platform and Microsoft Azure Sentinel, enabling detection, investigation, and remediation for threats targeting connected vehicles and smart mobility services. In 2020, GuardKnox Cyber Technologies Ltd. opened a new subsidiary in Detroit to support the automotive client base in North America and expand its global reach. Although there are several other inorganic growth strategies have been adopted by the key startups such as, in 2020, Argus Cybersecurity partnered with Green Hills Software wherein Argus Control Flow Integrity product will be jointly integrated to work with Green Hills Software’s industry-leading optimizing C/C++ compiler with a focus to develop a joint solution that will be securing safety-critical ECUs in vehicles of a major European OEM. In 2020, Green Hills Software also collaborated with NXP Semiconductors to enhance its expertise in the field of automotive cybersecurity domain. Also in 2019, DENSO Corporation took a USD 5 million stake in Airbiquity Inc. to accelerate the development of OTA systems for wirelessly updating automotive software from a remote location.

Related Reports:

Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Offering (Hardware & Software), Security, Application Type, Vehicle Type, Propulsion, Vehicle Autonomy, Approach, EV Application, and Region - Global Forecast to 2026

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