The Europe Cybersecurity for Autonomous Vehicles Market is expected to witness market growth of 22.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cybersecurity for Autonomous Vehicles Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $105.9 million by 2031. The UK market is exhibiting a CAGR of 21.2% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 23.4% during 2024-2031.
AVs rely on continuous software updates to ensure their systems are optimally up to date. Over-the-air (OTA) updates, which enable remote software installation and updates, pose a significant security challenge. If compromised, these updates could be used to install malicious software, leading to vulnerabilities in the vehicle's operating system, navigation, or control systems. Secure mechanisms for authentication, encryption, and verification of software updates are crucial to mitigate these risks.
Additionally, autonomous vehicles generate and collect enormous volumes of data, including personal driver information, location data, and sensor data. This data can enhance the driving experience, improve vehicle performance, and provide insights into driver behaviour. However, this sensitive data is also a prime target for hackers looking to steal personal information or exploit vulnerabilities. Effective cybersecurity protocols are needed to ensure that personal and location data is encrypted and protected from unauthorized access, preserving user privacy and compliance with regulations like GDPR.
Germany’s automotive industry is the largest in Europe in production and sales, accounting for around 25% of all passenger cars manufactured and nearly 20% of all new registrations. With 44 OEM sites, Germany boasts the largest concentration of OEM plants in Europe, and the German OEM industry held more than 55% of the EU market share in 2021. This dominance in the automotive sector underscores Germany's pivotal role in producing autonomous vehicles. As the industry continues to grow, integrating sophisticated technologies in vehicles heightens the risk of cyber-attacks.
The Germany market dominated the Europe Cybersecurity for Autonomous Vehicles Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $105.9 million by 2031. The UK market is exhibiting a CAGR of 21.2% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 23.4% during 2024-2031.
AVs rely on continuous software updates to ensure their systems are optimally up to date. Over-the-air (OTA) updates, which enable remote software installation and updates, pose a significant security challenge. If compromised, these updates could be used to install malicious software, leading to vulnerabilities in the vehicle's operating system, navigation, or control systems. Secure mechanisms for authentication, encryption, and verification of software updates are crucial to mitigate these risks.
Additionally, autonomous vehicles generate and collect enormous volumes of data, including personal driver information, location data, and sensor data. This data can enhance the driving experience, improve vehicle performance, and provide insights into driver behaviour. However, this sensitive data is also a prime target for hackers looking to steal personal information or exploit vulnerabilities. Effective cybersecurity protocols are needed to ensure that personal and location data is encrypted and protected from unauthorized access, preserving user privacy and compliance with regulations like GDPR.
Germany’s automotive industry is the largest in Europe in production and sales, accounting for around 25% of all passenger cars manufactured and nearly 20% of all new registrations. With 44 OEM sites, Germany boasts the largest concentration of OEM plants in Europe, and the German OEM industry held more than 55% of the EU market share in 2021. This dominance in the automotive sector underscores Germany's pivotal role in producing autonomous vehicles. As the industry continues to grow, integrating sophisticated technologies in vehicles heightens the risk of cyber-attacks.
List of Key Companies Profiled
- Infineon Technologies AG
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- NXP Semiconductors N.V.
- Continental AG
- DENSO CORPORATION
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Lear Corporation
- Aptiv PLC
- Robert Bosch GmbH
- Cisco Systems, Inc.
Market Report Segmentation
By Form- In-vehicle cybersecurity
- External cloud cybersecurity
- ADAS & Safety
- Communication Systems
- Telematics
- Infotainment
- Body Control & Comfort
- Powertrain Systems & Other Application
- Network Security
- Application Security
- Endpoint Security
- Passenger
- Commercial
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Cybersecurity for Autonomous Vehicles Market by Form
Chapter 6. Europe Cybersecurity for Autonomous Vehicles Market by Application
Chapter 7. Europe Cybersecurity for Autonomous Vehicles Market by Security Type
Chapter 8. Europe Cybersecurity for Autonomous Vehicles Market by Type
Chapter 9. Europe Cybersecurity for Autonomous Vehicles Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Infineon Technologies AG
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- NXP Semiconductors N.V.
- Continental AG
- DENSO CORPORATION
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Lear Corporation
- Aptiv PLC
- Robert Bosch GmbH
- Cisco Systems, Inc.
Methodology
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