Automotive Cyber Security Market Size, Share & Trends Analysis Report By Security (Application, Wireless Network), By Vehicle Type (Passenger, EVs), By Application (Infotainment, Powertrain), By Service, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the automotive cyber security market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for automotive cyber security market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of automotive cyber security market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Automotive Cyber Security Market Categorization:

The automotive cyber security market was categorized into five segments, namely security type (Endpoint, Application, Wireless Network), vehicle type (Passenger Car, Commercial Vehicle, Electrical Vehicle), application (ADAS & Safety System, Infotainment, Body Electronics, Powertrain, Telematics), service (In-Vehicle Services, External Cloud Services), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Segment Market Methodology:

The automotive cyber security market was segmented into security type, vehicle type, application, service, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The automotive cyber security market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; Mexico; Argentina; UAE; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Automotive cyber security market companies & financials:

The automotive cyber security market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Aptiv - Aptiv, often known as Aptiv PLC, is an Irish-based mobility and technology firm that primarily serves the automobile industry. The public limited business develops and designs vehicle components and provides electronic, electrical, and active safety technology solutions to the commercial vehicle and automotive industries throughout the world, laying the hardware and software groundwork for vehicle functioning and features. The firm provides active safety and autonomous driving technology, smart mobility solutions, and improved linked services and user experiences. Aptiv works in two business segments: Signal and Power Solutions and Advanced Safety and User Experience. Signal and Power Solutions provides designed components, products, automotive electrical architecture, wiring and assemblies, harnesses, and connections, among others. The company’s sophisticated Safety and User Experience sector delivers sophisticated software development, systems, and crucial components for vehicle operation, passenger comfort, security, and safety. The firm supplies goods and services to OEMs like GM, Volkswagen Group, Fiat Chrysler Automobiles N.V., Ford Motor firm, SAIC General Motors Corporation Limited, PSA Peugeot Citroën, Geely Automobile Holdings Limited, Daimler AG, Toyota Motor Corporation, and Renault-Nissan. Aptiv is traded on the New York Stock Exchange (NYSE) as APTV.

• Continental AG - Continental AG is a German automotive equipment provider and electronics manufacturer. It offers products and services to the car sector. The corporation is divided into five divisions: tyres, interior, powertrain, chassis and safety, and ContiTech. The company’s Chassis & Safety segment provides passive safety and sensorics products, hydraulic braking systems, Advanced Driver Assistance Systems (ADAS), and vehicle dynamics systems. The Interior segment offers commercial vehicles and aftermarket parts, body and security equipment, infotainment and connection solutions, instruments and driver HMI and intelligent transportation systems. The company’s Powertrain section provides hybrid electric cars, fuel and exhaust management systems, sensors and actuators, engine systems and gearbox components. The company’s Tyres section manufactures tyres for commercial vehicle manufacturers such as lorries and buses, as well as two-wheeler manufacturers such as city bikes, mountain bikes, motorcycles, and scooters, for use in vehicle construction and as replacement components. ContiTech’s product offerings include mobile fluid systems, industrial fluid solutions, air spring systems, power transmission and conveyor belts.

• Vector Informatik GmbH - Vector Informatik GmbH is a producer of embedded components, software and hardware tools, drivers, and libraries for electronic system development. Testing, measuring technologies, consultancy and services, diagnostics and flashing, and ECU calibration are among the applications covered by the organisation. Vector Informatik GmbH sells its products, solutions, and services to a variety of sectors, including aerospace, automotive, transportation, commercial vehicles, and control technology. Furthermore, Vector Informatik GmbH has subsidiaries in the United States, China, Brazil, Italy, Japan, Austria, Brazil, France, India, the United Kingdom, and Sweden.

• NXP Semiconductors N.V. - NXP Semiconductors N.V. creates and develops secure connection solutions for embedded systems. Under its product segment, the company provides a wide range of sensors, including motion sensors such as accelerometers and gyroscopes, pressure sensors such as tyre pressure monitors, gauge, differential and absolute, magnetic sensors such as magnetometers, eCompass, angular sensors and speed sensors, as well as touch, capacitive and temperature sensors. The business creates sensors that strike a mix of logic, intelligent integration, and customisable platform software, allowing distinct and smarter applications. The firm specialises in high-performance mixed-signal electronics, which drives advancements in the field of portable and wearable technologies. It has global operations, having a strong presence in the European and American sectors. It also operates R&D and production sites in Asia, Europe, and the United States. Its smart linked solutions are gaining traction in the personal health & fitness and healthcare sectors. It serves a wide range of contract manufacturers and distributors, as well as original design manufacturers and OEMs including Apple, Huawei, and Samsung.

• HARMAN International - HARMAN International develops connected goods and solutions for businesses, consumers, and automakers globally, such as linked services, enterprise automation solutions, visual and audio devices, and connected automotive systems. HARMAN International has over 30,000 employees across Asia, Europe, and the Americas. The firm has a diverse product range of audio brands, including Revel, Mark Levinson, Lexicon, JBL, Infinity, Harman Kardon, and AKG. In March 2017, Harman International became a fully owned subsidiary of Samsung Electronics Co., Ltd.

• DENSO CORPORATION - DENSO CORPORATION serves a variety of industries, including automotive, consumer, and industrial goods, as well as new business domains including security, healthcare, and biotechnology. Powertrain control systems, electrical systems, thermal systems, information and safety systems, and tiny motors are among the products available to the automobile industry. It has produced technological advances by focusing on automated driving, artificial intelligence to assist people and IoT concepts. The firm focuses on R&D operations to develop technology and solutions that improve vehicle safety and security while also reducing the vehicle’s environmental effects. It has locations throughout Japan, North America, Europe, Asia, and South America.

• ESCRYPT - ESCRYPT provides IT security solutions for embedded devices. The organisation provides services like as security design, analysis, testing, and training, among others. The company’s main product areas include security backend, manufacturing IT security, and automotive embedded security. Automotive security solutions from ESCRYPT include plug-and-play integration of hardware security modules, secure boot for OS systems, safe V2X communications, secure remote diagnostics, and vehicle attack detection and defence. The corporation operates in China, Germany, India, Canada, the United States, the United Kingdom, Italy, Poland, and France. The firm was created as a spin-off from Ruhr University’s Horst Gortz Institute for IT Security (HGI), Bochum. D&B Hoovers put the company’s sales at $23.9 million in the financial year 2017.

• Guardknox Cyber-Technologies Ltd. - Guardknox Cyber Technologies Ltd. Offers automobile cyber security solutions. The firm offers hardware and software-based cybersecurity solutions for connected and self-driving automobiles. Domain controllers, EV ECUs, and telematics are among the products offered by the firm. The firm offers internal Secure Network Orchestrators (SNO), EV SNOs, and external SNOs. Guardknox Cyber-Technologies Ltd. Has collaborated with firms like Palo Alto Networks, DXC Technology, Xilinx, SYSGO, NXP, Axivion, and Exida. Fraser McCombs Capital, Faurecia, SAIC Motor, Glory Ventures, NextLeap Ventures, and Kardan Real Estate are among the company’s largest investors. According to D&B Hoovers, the company’s revenue for the fiscal year 2018 was projected at USD 0.87 million.

• Karamba Security - Karamba Security offers embedded cybersecurity solutions for connected devices. The firm also provides software to secure resource-constrained systems. The company’s cybersecurity portfolio includes Embedded Runtime Integrity, XGuard, XGuard CFI, XGuard Whitelisting, SafeCAN, and ThreatHive. Karamba Security serves several industries, including automotive, consumer IoT, industry 4.0, and corporate edge. Some of the company’s significant investors include YL Ventures, Fontinalis Partners, Paladin Capital Group, Liberty Mutual Strategic Ventures, Presidio Ventures, Western Technology Investment (WTI), GlenRock, and Asgent.

• Saferide Technologies Ltd. - Saferide Technologies Ltd. Offers multi-layered cybersecurity solutions for self-driving and connected automobiles. The firm provides vSentry Core, a cybersecurity software package for linked ECUs. The firm also offers vSentry AI, which does behavioural profiling and anomaly detection, as well as vSentry Cloud, which protects and manages fleets. The firm provides software, products, services, and solutions to automotive suppliers, fleet operators, and OEMs for early detection and prevention of cyberattacks, assisting them in avoiding reputation loss, and financial harm, and saving lives. Saferide Technologies Limited has offices in the United States, Germany, and Israel. According to D&B Hoovers, the firm had an anticipated revenue of USD 1.96 million in fiscal year 2018.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Automotive Cyber Security Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Automotive Cyber Security Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.