Europe Automotive Cybersecurity Market Growth, Size, Trends, Share, Revenue and Future Outlook
Europe Automotive Cybersecurity Market Size- By Application, By Vehicle Type, By Security, By Form- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: IACT2438 | Pages: 1 - 156 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Automotive Cybersecurity Market Introduction and Overview
According to SPER Market Research, the Europe Automotive Cybersecurity Market is estimated to reach USD 8558.85 million by 2033 with a CAGR of 24.37%.
The report includes an in-depth analysis of the Europe Automotive Cybersecurity Market, including market size and trends, product mix, distribution channels, and supplier analysis. The market for technologies, services, and solutions aimed at defending automobiles, automotive systems, and connected car platforms against cyberattacks, illegal access, data breaches, and hostile activity is known as the automotive cybersecurity market. It entails putting security measures in place to protect the availability, integrity, and confidentiality of data communications, in-car networks, and automotive electronic systems.
- The HARMAN Ignite Marketplace, a vast network of cloud-based services and apps accessible on the HARMAN Ignite Cloud Platform, was introduced by HARMAN in January 2020. With the built-in Over-the-Air (OTA) functionality of the HARMAN Ignite platform, automakers are equipped with a safe and effective way to deliver and update a robust service ecosystem on a regular basis while still mitigating risk. Potential risks such as network issues, file tampering, and cybersecurity attacks are reduced.
Market Opportunities and Challenges
Opportunities: Automotive Systems' Increasing Complexity Complex electronic systems included in modern cars, such as entertainment systems, autonomous driving capabilities, and vehicle-to-vehicle (V2V) communication, increase the attack surface and need the use of strong cybersecurity defenses. Collaboration and Partnership Working together, technology companies, cybersecurity companies, and automakers may promote creativity and the creation of all-encompassing cybersecurity solutions that are customized to meet the specific needs of the car sector.
Challenges: The European Automotive Cybersecurity Market has a number of significant challenges. Firstly of all, the risk of cyberattacks is rising as cars become more digitally integrated and networked. Hackers may attempt to breach an automobile's systems with the intention of doing harm, such as obtaining personal information or seizing control of the vehicle. For automakers, who must make sure their vehicles are safe from these dangers, this is a major concern. The intricacy of automobile systems is another difficulty. Modern cars are packed with technological parts and software that have to function flawlessly together. But it also means that hackers have more possible avenues of access to take advantage of. It takes a lot of work to keep all these systems safe and updated with the newest cybersecurity safeguards.
Market Competitive Landscape
The level of competition in the European automotive cybersecurity market is moderate. The primary growth tactics used by the enterprises in the region to withstand the fierce competition include partnerships and acquisitions, large expenditures on research and development, and the introduction of new products.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Application, By Vehicle Type, By Security, By Form |
| Regions covered | Germany, United Kingdom, France, Spain, Rest of Europe |
| Companies Covered | Argus Cybersecurity, Arilou Technologies, Cisco Systems Inc, Continental AG, Delphi Automotive PLC, Escrypt GmbH, Infineon Technologies AG, NXP Semiconductors NV, Secunet AG, Visteon Corporation, Others |
COVID-19 Impact on Europe Automotive Cybersecurity Market
The Europe Automotive Cybersecurity Market has been impacted by the COVID-19 epidemic in a number of ways. On the one hand, as remote work and digital communication proliferated, the pandemic has expedited the automotive industry's use of digital technologies. Since more connected cars are vulnerable to security breaches, the attack surface for cyber threats has grown as a result of the rising digitalization. As a result, both automakers and consumers are becoming more conscious of the significance of cybersecurity in automobiles. On the other hand, the pandemic has also presented difficulties for the car industry as a whole, affecting investments in cybersecurity measures due to supply chain interruptions, production delays, and uncertain economic conditions.
Key Target Audience:
- Automotive Manufacturers
- Cybersecurity Companies
- Regulatory Bodies
- Investors
- Automotive Industry Associations
- Government Agencies
- Consumers
- Research Institutions
- Technology Providers
- Supply Chain Partners
Our in-depth analysis of the Europe Automotive Cybersecurity Market includes the following segments:
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| By Vehicle Type: |
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| By Security Type: |
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| By FormL: |
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Key Topics Covered in the Report:
- Europe Automotive Cybersecurity Market Size (FY’2024-FY’2033)
- Overview of Europe Automotive Cybersecurity Market
- Segmentation of Europe Automotive Cybersecurity Market By Application (Communication, Advanced Driver Assistance System (ADAS) and Safety System, On-Board Diagnostic (OBD), Infotainment, Telematics, EV Charging Station)
- Segmentation of Europe Automotive Cybersecurity Market By Vehicle Type (Passenger Vehicle, Commercial Vehicle)
- Segmentation of Europe Automotive Cybersecurity Market By Security Type (Network Security, Software Security, Cloud Security, Hardware Security)
- Segmentation of Europe Automotive Cybersecurity Market By Form (Vehicle, External Cloud Services)
- Expansion Analysis of Europe Automotive Cybersecurity Market
- Problems and Obstacles in Europe Automotive Cybersecurity Market
- Competitive Landscape in the Europe Automotive Cybersecurity Market
- Impact of COVID-19 and Demonetization on Europe Automotive Cybersecurity Market
- Details on Current Investment in Europe Automotive Cybersecurity Market
- Competitive Analysis of Europe Automotive Cybersecurity Market
- Prominent Players in the Europe Automotive Cybersecurity Market
- SWOT Analysis of Europe Automotive Cybersecurity Market
- Europe Automotive Cybersecurity Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Automotive Cybersecurity Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Automotive Cybersecurity Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Automotive Cybersecurity Market
7. Europe Automotive Cybersecurity Market, By Application (USD Million)
7.1. Europe Automotive Cybersecurity Market Value Share and Forecast, By Application, 2024-20337.2. Communication7.3. Advanced Driver Assistance System (ADAS) and Safety System7.4. On-Board Diagnostic (OBD)7.5. Infotainment7.6. Telematics7.7. EV Charging Station7.8. Others
8. Europe Automotive Cybersecurity Market, By Vehicle Type (USD Million)
8.1. Europe Automotive Cybersecurity Market Value Share and Forecast, By Vehicle Type, 2024-20338.2. Passenger Vehicle8.3. Commercial Vehicle
9. Europe Automotive Cybersecurity Market, By Security Type (USD Million)
9.1. Europe Automotive Cybersecurity Market Value Share and Forecast, By Security Type, 2024-20339.2. Network Security9.3. Software Security9.4. Cloud Security9.5. Hardware Security
10. Europe Automotive Cybersecurity Market, By Form (USD Million)
10.1. Europe Automotive Cybersecurity Market Value Share and Forecast, By Form, 2024-203310.2. In-Vehicle10.3. External Cloud Services
11. Europe Automotive Cybersecurity Market Forecast, 2020-2033 (USD Million)
11.1. Europe Automotive Cybersecurity Market Size and Market Share
12. Europe Automotive Cybersecurity Market, By Application, 2020-2033 (USD Million)
12.1. Europe Automotive Cybersecurity Market Size and Market Share By Application (2020-2026)12.2. Europe Automotive Cybersecurity Market Size and Market Share By Application (2027-2033)
13. Europe Automotive Cybersecurity Market, By Vehicle Type, 2020-2033 (USD Million)
13.1. Europe Automotive Cybersecurity Market Size and Market Share By Vehicle Type (2020-2026)13.2. Europe Automotive Cybersecurity Market Size and Market Share By Vehicle Type (2027-2033)
14. Europe Automotive Cybersecurity Market, By Security Type, 2020-2033 (USD Million)
14.1. Europe Automotive Cybersecurity Market Size and Market Share By Security Type (2020-2026)14.2. Europe Automotive Cybersecurity Market Size and Market Share By Security Type (2027-2033)
15. Europe Automotive Cybersecurity Market, By Form, 2020-2033 (USD Million)
15.1. Europe Automotive Cybersecurity Market Size and Market Share By Form (2020-2026)15.2. Europe Automotive Cybersecurity Market Size and Market Share By Form (2027-2033)
16. Europe Automotive Cybersecurity Market, By Region, 2020-2033 (USD Million)
16.1. Europe Automotive Cybersecurity Market Size and Market Share By Region (2020-2026)16.2. Europe Automotive Cybersecurity Market Size and Market Share By Region (2027-2033)16.3. Germany16.4. United Kingdom16.5. France16.6. Spain16.7. Rest of Europe
17. Company Profile
17.1. Argus Cybersecurity17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Arilou Technologies17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Cisco Systems Inc17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Continental AG17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Delphi Automotive PLC17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Escrypt GmbH17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Infineon Technologies AG17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. NXP Semiconductors NV17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Secunet AG17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Visteon Corporation17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Automotive Cybersecurity Market is projected to reach USD 8558.85 million by 2033, growing at a CAGR of 24.37% during the forecast period.
Europe Automotive Cybersecurity Market grew in market size from 2023. The Market is expected to reach USD 8558.85 million by 2033, at a CAGR of 24.37% during the forecast period.
Europe Automotive Cybersecurity Market CAGR of 24.37% during the forecast period.
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Europe Automotive Cybersecurity Market size is USD 8558.85 million from 2023 to 2033.
Europe Automotive Cybersecurity Market Segment is Covered By Application, By Vehicle Type, By Security, By Form
The Europe region is anticipated to have the highest market share in Europe Automotive Cybersecurity Market.
The key players in the market include Companies Covered Argus Cybersecurity, Arilou Technologies, Cisco Systems Inc, Continental AG, Delphi Automotive PLC, Escrypt GmbH, Infineon Technologies AG, NXP Semiconductors NV, Secunet AG, Visteon Corporation, Others
The market for technologies, services, and solutions aimed at defending automobiles, automotive systems, and connected car platforms against cyberattacks, illegal access, data breaches, and hostile activity is known as the automotive cybersecurity market.
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