Automotive Cyber Security Market worth $4.0 billion by 2025
                     MarketsandMarkets 
Presents
Automotive Cyber Security Market 
worth $4.0 billion by 2025
https://www.marketsandmarkets.com/Market-Reports/cyber-security
-automotive-industry-market-170885898.html
 
The report "Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), 
Security (Endpoint, Application, Wireless Network), Application (Infotainment, Powertrain, 
ADAS & Safety), Vehicle Type, EV Type, and Region", size is projected to grow from USD 1.9 
billion in 2020 to USD 4.0 billion by 2025, at a CAGR of 16.5%.
Increased use of electronics per vehicle and a growing number of connected cars, and 
reinforcement of mandates by regulatory bodies for vehicle data protection are key factors that 
will drive the market for the automotive cybersecurity market. The growth of the V2X market is 
also one of the factors that drive the automotive cybersecurity market.
Browse 197 market data Tables and 86 Figures spread through 249 Pages 
and in-depth TOC on "Automotive Cyber Security Market”
Vehicle production was low in April and May 2020 in the major European, Asia 
Pacific countries, and the US due to the ongoing COVID-19 pandemic. Earlier, 
the automotive cybersecurity market was expected to witness rapid growth 
from 2022 onward as major regulations are outlined to be imposed. As 
vehicle production is suspended, any new investment for advanced 
technology is unlikely. OEMs and tier 1 players are either using cash reserves 
or acquiring funds to continue operations during the crisis. OEMs are still 
skeptical about the recovery of vehicle sales to 2019 levels in 2020.
The automotive cybersecurity market is dominated by global players such as Robert Bosch 
(Germany), Continental AG (Germany), Harman International (US), Denso Corporation (Japan), 
Aptiv (Ireland), Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies 
(Israel), GuardKnox (Israel), etc. 
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85898
 
Increasing use of mechatronics devices and increasing demand of connected vehicle services 
inside the vehicle is expected to result in the dominance of the passenger vehicle segment in 
the automotive cybersecurity market
The passenger vehicles segment is expected to lead the automotive cybersecurity market during 
the forecast period, owing to the demand for connected vehicle services and growing sales of 
mid-luxury and luxury vehicles.  The electrical/electronic (E/E) architecture of passenger vehicles 
is complex and critical than LCVs and HCVs. These vehicles are equipped with a considerable 
number of ECUs and are more prone to cyberattacks compared with the other two categories of 
vehicles. Connected passenger vehicles are expected to be the Internet of Things (IoT) in the 
coming years. These vehicles will be able to collect massive amounts of data from different 
sources. Passenger vehicles will be capable of exchanging data and alert drivers of potential 
dangers. These vehicles will also be able to interact with sensors on road signs on stoplights, bus 
stops, and even the ones embedded in the roads to get traffic updates and rerouting alerts.
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0885898
 
Increasing installation of telematics devices and push by government authorities to adopt 
telematics is driving the Telematics segment in the automotive cybersecurity market
The market for Telematics is primarily driven by multiple factors such as an increase in the 
number of accidents, rising vehicle thefts, security issues while traveling, and the demand for 
navigation services. Telematics also helps track the location of the vehicle, and its automated 
interface with law enforcement agencies reduces the response time. This eventually leads to a 
reduction in vehicular thefts. Telematics primarily involves data exchange such as vehicle 
details/history, location, schedules, driving habits & activities, and other key information of 
private as well as fleet owners. This data exchange is done through wireless networks with 
external servers, making it prone to data theft.  Thus, cybersecurity plays a key role in telematics 
since the breach of such data can have serious consequences for end-users. Government 
mandates such as E-calls are likely to fuel the market in future.
The Asia Pacific likely to emerge as the largest automotive cybersecurity market
Asia Pacific is always seen as a revenue-generating region in the automotive sector. Region 
comprises of technologically advanced countries like Japan, South Korea, and countries with 
increasing populations and improving economies. Vehicles in this region are getting advanced at 
the backdrop of customer need and implementation of government regulations related to 
vehicle safety and carbon emissions. All kinds of key vehicles categories like a passenger vehicle, 
light, and heavy commercial vehicles are getting advanced. Changes in the powertrain 
technology, the inclusion of modern safety features, and technology for vehicle management are 
some of the key trends that is helping Asia Pacific region to dominate the market for automotive 
cybersecurity. The growth of the connected vehicle market in the Asia Pacific is expected to 
boost the demand for automotive cybersecurity. As the number of connected vehicles increases, 
the demand for cybersecurity in these vehicles would also increase.
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