Automotive Cybersecurity Market

Automotive Cybersecurity Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive cybersecurity market size is projected to grow from  USD 2.5 billion in 2023 to  USD 6.0 billion by 2028, at a CAGR of 18.5%. Factors such as increasing adoption of ADAS equipped vehicles, increased use of electronics per vehicle, and growing focus towards vehicle safety will increase the need for automotive cybersecurity. Also the growing cloud-based applications, and increasing penetration of V2X enabled services are also expected to support the revenue growth of the automotive cybersecurity market during the forecast period.

The automotive cybersecurity industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Automotive Cybersecurity Market are:

  • Connected Vehicle Surge
  • Regulatory Vigilance
  • Embedded Security Solutions
  • Collaborative Defense
  • ACSaaS Ascendancy
  • V2X Vigilance
  • AI Armor
  • Zero Trust Zenith

These emerging trends reflect the evolving nature of cyber threats in the automotive sector and the industry's proactive efforts to strengthen cybersecurity measures to ensure the safety and security of connected vehicles.

Rise in Connected Vehicles:

  • The proliferation of connected vehicles, enabled by IoT (Internet of Things) technology, is leading to an increased risk of cyber threats. As vehicles become more interconnected, securing them against cyber attacks becomes paramount.

Regulatory Compliance:

  • Stringent regulations and standards, such as ISO/SAE 21434 and UNECE WP.29, are driving automakers and suppliers to prioritize cybersecurity in vehicle design and development. Compliance with these standards is becoming a key focus area for the automotive industry.

Integration of Security Solutions:

  • Automotive manufacturers and suppliers are increasingly integrating cybersecurity solutions directly into vehicle systems and components. This includes features such as intrusion detection systems, secure communication protocols, and secure over-the-air (OTA) update mechanisms.

Collaboration and Partnerships:

  • Collaboration between automotive companies, cybersecurity firms, and government agencies is on the rise to address cybersecurity challenges collectively. Partnerships enable the sharing of expertise, resources, and threat intelligence to enhance cybersecurity measures across the industry.

Shift Towards Automotive Cybersecurity as a Service (ACSaaS):

  • With the complexity of cybersecurity threats evolving rapidly, there is a growing trend towards outsourcing cybersecurity functions to specialized service providers. Automotive Cybersecurity as a Service (ACSaaS) offers scalable, cost-effective solutions for monitoring, detecting, and responding to cyber threats in real-time.

Focus on Securing V2X Communication:

  • The implementation of Vehicle-to-Everything (V2X) communication, including Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I), introduces new cybersecurity challenges. Securing V2X communication networks against unauthorized access and malicious attacks is a key focus area for automotive cybersecurity.

Artificial Intelligence and Machine Learning:

  • AI and machine learning technologies are being leveraged to enhance automotive cybersecurity capabilities. These technologies enable predictive threat detection, anomaly detection, and adaptive response mechanisms to mitigate cyber risks effectively.

Zero Trust Security Architecture:

  • The adoption of Zero Trust security principles is gaining traction in the automotive industry. This approach assumes that no entity, whether inside or outside the network, can be trusted by default, and access to resources is granted based on strict authentication and authorization protocols.

Related Reports:

Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Offering (Hardware & Software), Security, Vehicle Type, Application, Propulsion, Vehicle Autonomy, Approach, EV Application and Region - Global Forecast to 2028

Automotive Cybersecurity Market Size,  Share & Growth Report
Report Code
AT 4422
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status