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Europe Automotive Cybersecurity Market - Analysis and Forecast, 2022-2031

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    Report

  • 114 Pages
  • December 2023
  • Region: Europe
  • BIS Research
  • ID: 5914402
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The Europe automotive cybersecurity market (excluding U.K.) was valued at $793.5 million in 2022, and it is expected to grow at a CAGR of 24.08% and reach $ 5.53 billion by 2031. Automotive cybersecurity is expected to grow significantly in Europe. This growth will be primarily driven by factors like the growing number of connected vehicles, the increasing adoption of electronics per vehicle, the increased cyber threats resulting from increased data and connectivity of vehicles, and the rising sales of electric vehicles.

Market Introduction

Numerous factors, including the growing number of ECUs in electric vehicles for improved performance and sophistication, the rise in cyberattacks targeting the automotive sector, and the expanding use of connected and autonomous vehicles, are driving the automotive cybersecurity market.

In order to counteract the increasing number of cyber-attack vectors, automotive cybersecurity solution providers are collaborating with other important stakeholders and making large investments in the creation of cutting-edge automotive cybersecurity solutions. The automotive cybersecurity industry is anticipated to increase significantly over the forecast years due to OEMs' growing worries about vehicle security.

Market Segmentation

Segmentation 1: by Application

  • Communication
  • Advanced Driver Assistance System (ADAS) and Safety System
  • On-Board Diagnostic (OBD)
  • Infotainment
  • Telematics
  • EV Charging Station
  • Others

Segmentation 2: by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Segmentation 3: by Security Type

  • Network Security
  • Software Security
  • Cloud Security
  • Hardware Security

Segmentation 4: by Form

  • In-Vehicle
  • External Cloud Services

Segmentation 5: by Region

  • Europe
  • U.K.

How can this report add value to an organization?

Product/Innovation Strategy: In Europe, the leading and emerging automotive cybersecurity solution providers are continuously working to make their vehicles more secure than ever. The threat of unauthorized access and vehicle data theft are among some of the most talked about concerns in the automotive cybersecurity industry. The players operating in the automotive cybersecurity market have been working on the development of advanced vehicle cybersecurity solutions using artificial intelligence (AI), machine learning (ML), blockchain, and hardware authentication technologies and techniques. These innovative automotive vehicle cybersecurity solutions are expected to mitigate the growing number of cyber-attacks on vehicles.

Growth/Marketing Strategy: The automotive cybersecurity market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product launches, partnerships, and collaborations.

Competitive Strategy: The key players in the Europe automotive cybersecurity market analyzed and profiled in the study include automotive cybersecurity solution providers that develop, maintain, and market automotive cybersecurity solutions. Moreover, a detailed competitive benchmarking of the players operating in the automotive cybersecurity market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • ESCRYPT GmbH
  • Vector Informatik GmbH
  • Irdeto
  • Garrett Motion Inc.
  • Aptiv PLC
  • NXP Semiconductors


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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Supply Chain
1.1.2 Industry Trends
1.1.2.1 Increasing Adoption of the Connected Vehicle and Autonomous Driving Technology by Manufacturers
1.1.2.2 Increasing Focus on V2X Equipped Vehicles in the Connected Vehicle Industry
1.1.2.3 Growing Demand for Cloud-Based Applications in the Automotive Industry
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums, Associations, and Regulatory Bodies
1.1.3.2 Government Programs and Initiatives
1.1.3.3 Programs by Research Institutions and Universities
1.1.4 Regulatory Landscape
1.1.4.1 Europe
1.1.4.1.1 European Union (EU)
1.1.4.1.2 Federal Office for Information Security - Germany
1.1.4.2 U.K.
1.1.5 Automotive Cybersecurity Standards
1.1.5.1 ISO/SAE 21434
1.1.5.2 UNECE UN R155 and UN R156
1.1.5.3 MIIT CN ICV Access Guide
1.1.6 Key Patent Mapping
1.1.7 Roadmap of the Automotive Cybersecurity Market
1.2 Analysis of Prominent Automotive Cybersecurity Threats
1.2.1 Brute Force Attack
1.2.2 Phishing Attacks
1.2.3 Ransomware Attacks
1.2.4 Exploiting EV Charging Stations
1.2.5 Telematics Cybersecurity
1.2.6 Keyless Car Theft
1.2.7 Hacking Infotainment Systems
1.3 Automotive Cybersecurity Attack Vectors
1.3.1 Infotainment
1.3.2 Grid Charging (EV Charging Station)
1.3.3 OBD Tools
1.3.4 Radar
1.3.5 Camera
1.3.6 Network Connectivity and Cloud Servers
1.3.6.1 Connected Vehicle Technology and Communication Systems
1.3.6.1.1 Vehicle-to-Infrastructure (V2I)
1.3.6.1.2 Vehicle-to-Vehicle (V2V)
1.3.6.1.3 Global Navigation Satellite System (GNSS)
1.3.6.2 Communication Channels
1.3.6.2.1 Internet of Things
1.3.6.2.2 Cloud Servers
1.4 Case Study
1.4.1 Case Study 1: Security Risk Assessment to Enable Safe Digital Growth
1.4.2 Case Study 2: Securing V2X Communications with HSM
1.4.3 Case Study 3: Threat Assessment for Connected Vehicles
1.4.4 Case Study 4: Secure Remote Firmware Updates and ECU Integrity Protection
1.4.5 Case Study 5: Vehicle Electrical/Electronic (EE) Architectures
1.5 Business Dynamics
1.5.1 Business Drivers
1.5.1.1 Increase in Use of Electronics Per Vehicle and Growing Number of Connected Vehicles
1.5.1.2 Rising Cyber Threats owing to Increase in Data and Connectivity of the Vehicles
1.5.1.3 Rising Sales of Electric Vehicles
1.5.2 Business Restraints
1.5.2.1 Growing Complexity and Increase in Number of Electronics in Vehicles
1.5.2.2 Financial Impacts due to Vulnerability and Growing Motivation of Cyberhackers
1.5.2.3 Highly Complex Ecosystem with the Presence of Multiple Stakeholders
1.5.2.4 High Costs of Automotive Cybersecurity Solutions
1.5.2.5 Semiconductor Shortage Effect
1.5.3 Business Strategies
1.5.3.1 Product Developments
1.5.3.2 Market Development
1.5.4 Corporate Strategies
1.5.4.1 Partnerships, Joint Ventures, Collaborations, and Alliances
1.5.4.2 Mergers and Acquisitions
1.5.5 Business Opportunities
1.5.5.1 Rising Demand for Advanced Cybersecurity Solutions and Technological Developments in Autonomous Vehicles
1.5.5.2 Introduction of Electric Vehicle Wireless Battery Management
1.5.6 COVID-19 Impact on the Automotive Cybersecurity Market
2 Regions
2.1 Europe
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Solution Providers in Europe
2.1.1.3 Business Challenges
2.1.1.4 Business Drivers
2.1.2 Applications
2.1.2.1 Europe Automotive Cybersecurity Market Demand (by Application), Value Data
2.1.2.2 Europe Automotive Cybersecurity Market Demand (by Vehicle Type), Value Data
2.1.3 Products
2.1.3.1 Europe Automotive Cybersecurity Market Demand (by Security Type), Value Data
2.1.3.2 Europe Automotive Cybersecurity Market Demand (by Form), Value Data
2.1.4 Europe (by Country)
2.1.4.1 Germany
2.1.4.1.1 Market
2.1.4.1.1.1 Buyers Attributes
2.1.4.1.1.2 Key Solution Providers in Germany
2.1.4.1.1.3 Business Challenges
2.1.4.1.1.4 Business Drivers
2.1.4.1.2 Applications
2.1.4.1.2.1 Germany Automotive Cybersecurity Market Demand (by Application), Value Data
2.1.4.1.2.2 Germany Automotive Cybersecurity Market Demand (by Vehicle Type), Value Data
2.1.4.1.3 Products
2.1.4.1.3.1 Germany Automotive Cybersecurity Market Demand (by Security Type), Value Data
2.1.4.1.3.2 Germany Automotive Cybersecurity Market Demand (by Form), Value Data
2.1.4.2 France
2.1.4.2.1 Market
2.1.4.2.1.1 Buyers Attributes
2.1.4.2.1.2 Key Solution Providers in France
2.1.4.2.1.3 Business Challenges
2.1.4.2.1.4 Business Drivers
2.1.4.2.2 Applications
2.1.4.2.2.1 France Automotive Cybersecurity Market Demand (by Application), Value Data
2.1.4.2.2.2 France Automotive Cybersecurity Market Demand (by Vehicle Type), Value Data
2.1.4.2.3 Products
2.1.4.2.3.1 France Automotive Cybersecurity Market Demand (by Security Type), Value Data
2.1.4.2.3.2 France Automotive Cybersecurity Market Demand (by Form), Value Data
2.1.4.3 Italy
2.1.4.3.1 Market
2.1.4.3.1.1 Buyers Attributes
2.1.4.3.1.2 Key Solution Providers in Italy
2.1.4.3.1.3 Business Challenges
2.1.4.3.1.4 Business Drivers
2.1.4.3.2 Applications
2.1.4.3.2.1 Italy Automotive Cybersecurity Market Demand (by Application), Value Data
2.1.4.3.2.2 Italy Automotive Cybersecurity Market Demand (by Vehicle Type), Value Data
2.1.4.3.3 Products
2.1.4.3.3.1 Italy Automotive Cybersecurity Market Demand (by Security Type), Value Data
2.1.4.3.3.2 Italy Automotive Cybersecurity Market Demand (by Form), Value Data
2.1.4.4 Rest-of-Europe
2.1.4.4.1 Market
2.1.4.4.1.1 Buyers Attributes
2.1.4.4.1.2 Key Solution Providers in the Rest-of-Europe
2.1.4.4.1.3 Business Challenges
2.1.4.4.1.4 Business Drivers
2.1.4.4.2 Applications
2.1.4.4.2.1 Rest-of-Europe Automotive Cybersecurity Market Demand (by Application), Value Data
2.1.4.4.2.2 Rest-of-Europe Automotive Cybersecurity Market Demand (by Vehicle Type), Value Data
2.1.4.4.3 Products
2.1.4.4.3.1 Rest-of-Europe Automotive Cybersecurity Market Demand (by Security Type), Value Data
2.1.4.4.3.2 Rest-of-Europe Automotive Cybersecurity Market Demand (by Form), Value Data
2.2 U.K.
2.2.1 Market
2.2.1.1 Buyer Attributes
2.2.1.1.1 Key Manufacturers in the U.K
2.2.1.1.1.1 Business Challenges
2.2.1.1.1.2 Business Drivers
2.2.2 Applications
2.2.2.1 U.K. Automotive Cybersecurity Market Demand (by Application), Value Data
2.2.2.2 U.K. Automotive Cybersecurity Market Demand (by Vehicle Type), Value Data
2.2.3 Products
2.2.3.1 U.K. Automotive Cybersecurity Market Demand (by Security Type), Value Data
2.2.3.2 U.K. Automotive Cybersecurity Market Demand (by Form), Value Data
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Market Share Analysis
3.2 Company Profiles
3.2.1 Private Companies
3.2.1.1 ESCRYPT GmbH
3.2.1.1.1 Company Overview
3.2.1.1.2 Role of ESCRYPT GmbH in the Automotive Cybersecurity Market
3.2.1.1.3 Product Portfolio
3.2.1.1.4 Corporate Strategies
3.2.1.1.4.1 ESCRYPT GmbH: Partnerships, Joint Ventures, Collaborations, and Alliances
3.2.1.1.5 Business Strategies
3.2.1.1.5.1 ESCRYPT GmbH: Product Development
3.2.1.1.5.2 ESCRYPT GmbH: Market Development
3.2.1.1.6 Analyst View
3.2.1.2 Vector Informatik GmbH
3.2.1.2.1 Company Overview
3.2.1.2.2 Role of Vector Informatik GmbH in the Automotive Cybersecurity Market
3.2.1.2.3 Product Portfolio
3.2.1.2.4 Corporate Strategies
3.2.1.2.4.1 Vector Informatik GmbH: Partnerships, Joint Ventures, Collaborations, and Alliances
3.2.1.2.4.2 Vector Informatik GmbH: Merges and Acquisitions
3.2.1.2.5 Business Strategies
3.2.1.2.5.1 Vector Informatik GmbH: Product Development
3.2.1.2.6 Analyst View
3.2.1.3 Irdeto
3.2.1.3.1 Company Overview
3.2.1.3.2 Role of Irdeto in the Automotive Cybersecurity Market
3.2.1.3.3 Product Portfolio
3.2.1.3.4 Analyst View
3.2.2 Public Companies
3.2.2.1 Garrett Motion Inc.
3.2.2.1.1 Company Overview
3.2.2.1.2 Role of Garrett Motion Inc. in the Automotive Cybersecurity Market
3.2.2.1.3 Product Portfolio
3.2.2.1.4 Business Strategies
3.2.2.1.4.1 Garrett Motion Inc.: Product Development
3.2.2.1.5 Analyst View
3.2.2.2 Aptiv PLC
3.2.2.2.1 Company Overview
3.2.2.2.2 Role of Aptiv PLC in the Automotive Cybersecurity Market
3.2.2.2.3 Product Portfolio
3.2.2.2.4 Corporate Strategies
3.2.2.2.4.1 Aptiv PLC: Merges and Acquisitions
3.2.2.2.5 R&D Analysis
3.2.2.2.6 Analyst View
3.2.2.3 NXP Semiconductors
3.2.2.3.1 Company Overview
3.2.2.3.2 Role of NXP Semiconductors in the Automotive Cybersecurity Market
3.2.2.3.3 Product Portfolio
3.2.2.3.4 Corporate Strategies
3.2.2.3.4.1 NXP Semiconductors: Partnerships, Joint Ventures, Collaborations, and Alliances
3.2.2.3.5 R&D Analysis
3.2.2.3.6 Analyst View
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
4.2.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Automotive Cybersecurity Market Overview, $Million, 2021-2031
Figure 2: Automotive Cybersecurity Market (by Application), $Million, 2021-2031
Figure 3: Automotive Cybersecurity Market (by Vehicle Type), $Million, 2021-2031
Figure 4: Automotive Cybersecurity Market (by Security Type), $Million, 2021-2031
Figure 5: Automotive Cybersecurity Market (by Form), $Million, 2021-2031
Figure 6: Automotive Cybersecurity Market (by Region), $Million, 2021
Figure 7: Automotive Cybersecurity Market Supply Chain
Figure 8: Automotive Cybersecurity Ecosystem
Figure 9: Automotive Cybersecurity Standards
Figure 10: Roadmap of the Automotive Cybersecurity Market
Figure 11: Automotive Cybersecurity Attack Vectors
Figure 12: Automotive Cybersecurity Market, Business Dynamics
Figure 13: Impact of Business Drivers
Figure 14: Impact of Business Restraints
Figure 15: Share of Key Business Strategies, 2019-2022
Figure 16: Product Development (by Company), 2019-2022
Figure 17: Share of Key Corporate Strategies, 2019-2022
Figure 18: Partnerships, Joint Ventures, Collaborations, and Alliances (by Company), 2019-2022
Figure 19: Impact of Business Opportunities
Figure 20: Competitive Benchmarking for the Automotive Cybersecurity Market, 2021
Figure 21: Aptiv PLC: R&D Expenditure, $Billion, 2019-2021
Figure 22: NXP Semiconductors: R&D Expenditure, $Billion, 2019-2021
Figure 23: Data Triangulation
Figure 24: Top-Down and Bottom-Up Approach
Figure 25: Assumptions and Limitations
List of Tables
Table 1: Automotive Cybersecurity Market Overview
Table 2: Key Companies Profiled
Table 3: Key Stakeholders in the Automotive Cybersecurity Market Supply Chain
Table 4: Consortiums, Associations, and Regulatory Bodies
Table 5: Government Programs and Initiatives
Table 6: Programs by Research Institutions and Universities
Table 7: Key Patent Mapping
Table 8: Automotive Cybersecurity Market (by Region), $Million, 2021-2031
Table 9: Europe Automotive Cybersecurity Market (by Application), $Million, 2021-2031
Table 10: Europe Automotive Cybersecurity Market (by Vehicle Type), $Million, 2021-2031
Table 11: Europe Automotive Cybersecurity Market (by Security Type), $Million, 2021-2031
Table 12: Europe Automotive Cybersecurity Market (by Form), $Million, 2021-2031
Table 13: Germany Automotive Cybersecurity Market (by Application), $Million, 2021-2031
Table 14: Germany Automotive Cybersecurity Market (by Vehicle Type), $Million, 2021-2031
Table 15: Germany Automotive Cybersecurity Market (by Security Type), $Million, 2021-2031
Table 16: Germany Automotive Cybersecurity Market (by Form), $Million, 2021-2031
Table 17: France Automotive Cybersecurity Market (by Application), $Million, 2021-2031
Table 18: France Automotive Cybersecurity Market (by Vehicle Type), $Million, 2021-2031
Table 19: France Automotive Cybersecurity Market (by Security Type), $Million, 2021-2031
Table 20: France Automotive Cybersecurity Market (by Form), $Million, 2021-2031
Table 21: Italy Automotive Cybersecurity Market (by Application), $Million, 2021-2031
Table 22: Italy Automotive Cybersecurity Market (by Vehicle Type), $Million, 2021-2031
Table 23: Italy Automotive Cybersecurity Market (by Security Type), $Million, 2021-2031
Table 24: Italy Automotive Cybersecurity Market (by Form), $Million, 2021-2031
Table 25: Rest-of-Europe Automotive Cybersecurity Market (by Application), $Million, 2021-2031
Table 26: Rest-of-Europe Automotive Cybersecurity Market (by Vehicle Type), $Million, 2021-2031
Table 27: Rest-of-Europe Automotive Cybersecurity Market (by Security Type), $Million, 2021-2031
Table 28: Rest-of-Europe Automotive Cybersecurity Market (by Form), $Million, 2021-2031
Table 29: U.K. Automotive Cybersecurity Market (by Application), $Million, 2021-2031
Table 30: U.K. Automotive Cybersecurity Market (by Vehicle Type), $Million, 2021-2031
Table 31: U.K. Automotive Cybersecurity Market (by Security Type), $Million, 2021-2031
Table 32: U.K. Automotive Cybersecurity Market (by Form), $Million, 2021-2031
Table 33: Market Share Analysis for the Automotive Cybersecurity Market, 2021
Table 34: ESCRYPT GmbH: Product and Service Portfolio
Table 35: ESCRYPT GmbH: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 36: ESCRYPT GmbH: Product Development
Table 37: ESCRYPT GmbH: Market Development
Table 38: Vector Informatik GmbH: Product and Service Portfolio
Table 39: Vector Informatik GmbH: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 40: Vector Informatik GmbH: Mergers and Acquisitions
Table 41: Vector Informatik GmbH: Product Development
Table 42: Irdeto: Product and Service Portfolio
Table 43: Garrett Motion Inc.: Product and Service Portfolio
Table 44: Garrett Motion Inc.: Product Development
Table 45: Aptiv PLC: Product and Service Portfolio
Table 46: Aptiv PLC: Mergers and Acquisitions
Table 47: NXP Semiconductors: Product and Service Portfolio
Table 48: NXP Semiconductors: Partnerships, Joint Ventures, Collaborations, and Alliances

Executive Summary

The Europe automotive cybersecurity market (excluding U.K.) is estimated to reach $ 5.53 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 24.08% during the forecast period 2022-2031.

The Europe Automotive Cybersecurity Market: Drivers and Challenges

In 2019, Europe’s top four automotive manufacturing countries, Germany, France, U.K., and Italy, generated more than 50% of the total passenger cars produced in Europe. Countries such as Sweden and Netherlands are putting efforts to promote autonomous and connected vehicles, which will further propel the automotive cybersecurity market. The legislative body of the Netherlands has also allowed some automotive players to test their connected and autonomous vehicles on the country’s roads.

The lack of standardization among connected and autonomous vehicle manufacturers and suppliers, new competition entering the market, especially the companies from China, and the integration of various technology and services in vehicles serve as challenges to the Europe automotive cybersecurity market.

USPs of report

Market ranking analysis based on product portfolios and recent developments

  • Analysis of business drivers and challenges of the Europe Automotive Cybersecurity Market
  • Detailed analysis of Automotive Cybersecurity Market for Germany, France, and Italy
  • Segmentation by vehicle type, application, security type and form provided in the report

Analyst’s Perspective on Automotive Cybersecurity Market

The Principal Analyst states, 'The automotive cybersecurity market is likely to grow multi-fold during the forecast period, owing to the growing complexity and sophistication of new vehicle models in terms of vehicle connectivity. As the automotive industry is slowly entering the software-defined era, the demand for solutions to deal with various automotive attack vectors is expected to grow significantly. Moreover, initiatives by governments in the developed markets for connected and autonomous vehicles are also expected to boost the demand for automotive cybersecurity solutions. In terms of market rivalry/competition, established automotive cybersecurity solution providers are expected to face stiff competition from established and emerging cybersecurity solution providers entering the automotive industry.'

Some of the prominent names established in this market are:

  • ESCRYPT GmbH
  • Vector Informatik GmbH
  • Irdeto
  • Garrett Motion Inc.
  • Aptiv PLC
  • NXP Semiconductors

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Europe automotive cybersecurity market?
  • What are the key development strategies implemented by the key players to sustain in the competitive market?

Companies Mentioned

  • ESCRYPT GmbH
  • Vector Informatik GmbH
  • Irdeto
  • Garrett Motion Inc.
  • Aptiv PLC
  • NXP Semiconductors

Table Information

Report AttributeDetails
No. of Pages114
PublishedDecember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 793.5 Million
Forecasted Market Value ( USD ) by 2031 $ 5533.3 Million
Compound Annual Growth Rate24.0%
Regions CoveredEurope
No. of Companies Mentioned6

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About the Automotive Cybersecurity Market

The Automotive Cybersecurity market is a subset of the IT Security industry, focused on protecting vehicles from malicious cyber-attacks. Automotive Cybersecurity solutions are designed to protect vehicles from threats such as data theft, malicious code injection, and unauthorized access. These solutions are typically implemented through a combination of hardware, software, and services. The Automotive Cybersecurity market is driven by the increasing number of connected vehicles, as well as the need to protect them from cyber-attacks. Automotive manufacturers are investing heavily in cybersecurity solutions to protect their vehicles from malicious actors. Notable companies in the Automotive Cybersecurity market include Argus Cyber Security, Karamba Security, NCC Group, and Trillium Secure. Show Less Read more

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