Automotive Cybersecurity Market

The global automotive cybersecurity market size is projected to grow from  USD 2.5 billion in 2023 to  USD 6.0 billion by 2028, at a CAGR of 18.5%. Factors such as increasing adoption of ADAS equipped vehicles, increased use of electronics per vehicle, and growing focus towards vehicle safety will increase the need for automotive cybersecurity. Also the growing cloud-based applications, and increasing penetration of V2X enabled services are also expected to support the revenue growth of the automotive cybersecurity market during the forecast period.

Major Automotive Cybersecurity Market Companies include

• Continental AG (Germany),
• Robert Bosch GmbH (Germany),
• Harman International (US),
• DENSO Corporation (Japan),
• Aptiv PLC (Ireland),
• Garrett Motion Inc. (Switzerland),
• Renesas Electronics Corporation (Japan).

These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.

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Continental AG

Continental AG operates its business through four major business segments: Tires, Automotive, ContiTech, and Contract Manufacturing. It has an extensive portfolio of automotive products and solutions ranging from chassis & safety systems and powertrain design to connectivity services & telematics. The vehicle networking and information division (under the Automotive business segment) offers various automotive cybersecurity solutions to its clients. This division deals with automotive cybersecurity solutions, manages business operations, and offers several automotive cybersecurity solutions through Argus Cyber Security and Elektrobit. The company offers end-to-end cybersecurity and over-the-air software update solutions through Argus Cyber Security (Argus) and several vehicle electronics products, namely telematics units, infotainment systems, and gateways., through Elektrobit (EB). The company acquired Elektrobit Automotive Group in 2015 and Argus Cyber Security in 2017 to extend its footprint in connected mobility, vehicle networking, shared mobility, and automotive cybersecurity domains.

Robert Bosch GmbH

Robert Bosch GmbH is one of the largest automotive suppliers in the world. The company is primarily owned by Robert Bosch Stiftung GmbH, a charitable foundation, and operates through four business segments: Mobility Solutions (formerly known as Automotive Technology), Energy & Building Technology, Industrial Technology, and Consumer Goods. As of January 2023, the company had 470 subsidiaries and regional companies in more than 60 countries. Apart from this, it has set up its R&D centers in 136 locations globally, where around 85,500 associates are employed, out of which nearly 44,000 are software engineers.

Harman International

Harman International is a global player in designing and engineering connected products & solutions for automakers, consumers, and enterprises globally. It caters to the automotive, telecommunication, energy, healthcare, and retail industries. Samsung Electronics Ltd. acquired Harman in 2017. Since then, the company has been operating as an independent subsidiary of Samsung Electronics. In January 2023, it had approximately 30,000 employees, including 15,000 engineers, and had approximately 6,500 patents published, with some pending patents.

DENSO Corporation

DENSO Corporation is one of the reputed manufacturers and suppliers of automotive components and advanced automotive technologies, systems, and products. It caters to four major industries, namely, mobility, agriculture, industry, and home. The company conducts its business through industry verticals - Thermal Systems, Powertrain Systems, Electrification Systems, Mobility Electronics, Advanced Devices, Non-Automotive Business, and Others. The company provides advanced security technologies to prevent hackers from controlling a vehicle and potentially malfunctioning in-vehicle systems. The company had an employee strength of approximately 164,572 employees as of March 2023. DENSO Corporation has production, research, and sales offices globally, with a total of 190 consolidated subsidiaries spread across 35 countries.

Aptiv Plc

Aptiv Plc is among the leading global technology and mobility companies operating in the automotive market. Aptiv Plc operates through two major business units: “signal and power solutions”, and “advanced safety and user experience”. There are four segments under advanced safety and user experience: infotainment & user experience, connectivity & security, active safety, and others. It offers automotive cybersecurity solutions under the connectivity & security business unit. Some of the major customers of the company are General Motors (US), Volkswagen (Germany), FCA (UK), and Ford (US). As of January 2023, the company had 160,000 employees, 131 manufacturing facilities, and 11 technical centers across 48 countries. In February 2023, Aptiv PLC announced the inauguration of its new state-of-the-art technical center in Bengaluru, India. This center is staffed by skilled professionals in cybersecurity, advanced safety, connectivity, and digital cockpit solutions and will support OEM customers across all major regions – the US, Europe, and Asia.

Related Reports:

Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Offering (Hardware & Software), Security, Vehicle Type, Application, Propulsion, Vehicle Autonomy, Approach, EV Application and Region - Global Forecast to 2028

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