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Automotive Cybersecurity Market Trends

  • Report ID: GMI2714
  • Published Date: Nov 2024
  • Report Format: PDF

Automotive Cybersecurity Market Trends

Automotive manufacturers are implementing zero-trust security frameworks, which mandate continuous verification of all devices and users, even within the vehicle's network. This approach addresses the rising complexity of connected vehicles and the need to defend against both external and internal threats. Zero-trust architecture prevents unauthorized access to critical vehicle systems, protects sensitive data, and ensures secure over-the-air updates.
 

For instance, in May 2024, SwRI engineers developed an advanced cybersecurity framework for vehicles. The Zero-Trust Architecture for Automotive Networks enhances the security of computerized vehicle systems by applying proven IT security principles. This zero-trust approach now protects vehicle electronics, software, and sensors from cyber threats.
 

The automotive industry's intricate supply chain, involving numerous suppliers and third-party components, presents several security vulnerabilities. Upholding uniform security standards and ensuring the integrity of all components and software is a significant challenge. Manufacturers must collaborate with various stakeholders to achieve comprehensive security.

Authors: Preeti Wadhwani, 2

Frequently Asked Questions (FAQ) :

The market size of automotive cybersecurity reached USD 3.5 billion in 2024 and is set to grow at a CAGR of 11.6% from 2025 to 2034, driven by the increasing adoption of connected vehicles.

The application segment accounted for over 45% of the market share in 2024 and is expected to exceed USD 4.5 billion by 2034 due to the growing reliance on external APIs for various vehicle services.

The U.S. market accounted for 80% of the revenue share in 2024, led by increasing regulatory pressure to enhance cybersecurity measures.

The key players in the industry include Aptiv, Blackberry, Continental, Denso, Harman International, Intertek, Karamba Security, Lear, NXP, and Upstream Security.

Automotive Cybersecurity Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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