Automotive cybersecurity is the database that protects automotive communications systems, internet connected vehicles, users and data from unauthorised access and damage. The automotive cybersecurity market is expanding due to the rise in the number of automotive cyber-attacks. The use of electronic devices to reduce the weight of vehicles on a massive scale has made the automotive sector more vulnerable to cyber-attacks. Software-defined vehicles (SDV) and the increasing use of cloud based applications in the automotive sector are expected to provide lucrative opportunities for automotive cybersecurity in the years to come globally.

The growth of the automotive cybersecurity market can be attributed to the growing usage of Infotainment within the vehicle. Infotainment includes connectivity, Information, Entertainment, Communication, Lifestyle, Leisure, Fashion, and Gaming activities. In today’s rapidly changing world, instant access to communications and information is essential. This makes the automotive vehicle more vulnerable to cyber-attacks, which in turn has led to the growth of acceptance of automotive cybersecurity solutions. The demand for automotive cybersecurity is on the rise as cyber-attacks on vehicles are on the rise. In order to reduce the weight of vehicles on a large scale, electronic components are being used. This makes automotive vehicles more vulnerable to cyber-attacks, which in turn leads to the growth of the demand for automotive cybersecurity solutions. The development of vehicle connectivity makes the vehicle more susceptible to cyber-attacks.

The cost of cybersecurity is a major concern for vehicle manufacturers. In addition, the high cost of built-in automotive cybersecurity features creates barriers to entry in the automotive cybersecurity market.

Covid-19 has had a negative impact on the automotive manufacturing and demand. The financial crisis that decimated the industry coupled with the shift in consumer behaviour caused by the pandemic has caused technology providers to rapidly change their focus areas. Due to the negative effects of the pandemic, activities and initiatives related to the development and integration of state-of-the-art automotive cybersecurity solutions in connected vehicles around the world have been put on hold. So, cybersecurity providers need to understand the different levels at which the pandemic has affected the different data driven demand areas. 

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Intel Corporation, Harman International, BNSF Railway Company, Robert Bosch GmbH, DENSO CORPORATION, Continental AG, Microsoft Corporation, Cisco Systems Inc, AT & T, APTIV PLSC and Others.

By Offering: Based on the Offering, Global Automotive Cybersecurity Market is segmented as Software and Hardware.

By Security: Based on the Security, Global Automotive Cybersecurity Market is segmented as application, Network and Endpoint security. 

By Form: Based on the Security, Global Automotive Cybersecurity Market is segmented as application, Network and Endpoint security.

By Vehicle: Based on the Security, Global Automotive Cybersecurity Market is segmented as Passenger and Commercial Vehicle.

By Application: Based on the Security, Global Automotive Cybersecurity Market is segmented as ADAS & Safety, Body Control & Comfort, Infotainment, Telematics, Powertrain system and Communication system.

By Region: This research also includes data for North America, Europe, Middle East & Africa, South America, Asia-Pacific and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.