United States Automotive Cybersecurity Market

Market Overview:

United States automotive cybersecurity market size reached US$ 600 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,656.0 Million by 2032, exhibiting a growth rate (CAGR) of 17.90% during 2024-2032. The increasing number of connected cars, rapid advancements of connected vehicle technology, rising proliferation of electric vehicles (EVs), and the imposition of government regulations and standards represent some of the key factors driving the market.

Automotive cybersecurity refers to a critical aspect of modern vehicle technology, focusing on protecting automobiles from unauthorized access, manipulation, or theft of information. It encompasses various types, including network security, application security, endpoint security, and cloud security. Automotive cybersecurity is integrated into numerous components, such as the telematics system, infotainment system, powertrain, and safety systems. It offers several key features, including threat detection, data encryption, intrusion prevention, and real-time monitoring. Automotive cybersecurity finds applications in autonomous vehicles, connected cars, electric vehicles, fleet management, telematics, infotainment systems, vehicle-to-everything (V2X) communication, onboard diagnostics, remote vehicle diagnostics, and advanced driver-assistance systems (ADAS). It offers enhanced vehicle safety, data privacy, reliability, compliance with regulations, trustworthiness, user convenience, brand reputation, longevity, and cost savings. In addition, automotive cybersecurity aids in preventing data breaches, safeguarding intellectual property, mitigating cyber threats, promoting customer confidence, enabling safe autonomous driving, supporting cloud-based services, enhancing vehicle functionality, and upholding industry standards.

United States Automotive Cybersecurity Market Trends:

The increasing prevalence of connected cars equipped with internet access and wireless networks, which necessitates robust cybersecurity measures., is propelling the market growth. Additionally, the rapid advancement of autonomous vehicle technology, which relies heavily on data and connectivity, underscoring the need for enhanced security protocols, is boosting the market growth. Besides this, the increasing proliferation of electric vehicles (EVs), which introduces new cybersecurity challenges, as they are more reliant on software controls, is catalyzing the market growth. Furthermore, the imposition of government regulations and standards mandating stringent cybersecurity measures for automotive manufacturers is supporting the market growth. In addition, the rising cyberattacks targeting vehicles, including hacking and data breaches, which have heightened the demand for advanced security solutions, are bolstering the market growth. Apart from this, the heightened consumer awareness and demand for data privacy and vehicle security are acting as another growth-inducing factor. Moreover, the integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), in automotive systems, prompting the need for sophisticated cybersecurity solutions, is positively influencing the market growth. Along with this, the rising adoption of cloud-based services for vehicle diagnostics and telematics, which necessitates secure cloud connectivity, is fueling the market growth. Additionally, the increasing use of wireless technologies, such as fifth-generation (5G) communication, which introduces new vulnerabilities requiring robust security measures, is accelerating the market growth. Furthermore, the growing collaborations and partnerships between automotive manufacturers and cybersecurity firms are fostering the market growth. Besides this, the expansion of the Internet of Things (IoT) in the automotive sector is strengthening the market growth.

United States Automotive Cybersecurity Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on security type, form, vehicle type, and application.

Security Type Insights:

• Application Security
• Wireless Network Security
• Endpoint Security
   

The report has provided a detailed breakup and analysis of the market based on the security type. This includes application security, wireless network security, and endpoint security.

Form Insights:

• In-Vehicle
• External Cloud Services
   

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes in-vehicle and external cloud services.

Vehicle Type Insights:

• Passenger Car
• Commercial Vehicle
• Electric Vehicle
   

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger car, commercial vehicle, and electric vehicle.

Application Insights:

• ADAS and Safety
• Body Control and Comfort
• Infotainment
• Telematics
• Powertrain Systems
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes ADAS and safety, body control and comfort, infotainment, telematics, powertrain systems, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Automotive Cybersecurity Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States automotive cybersecurity market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States automotive cybersecurity market?
• What is the breakup of the United States automotive cybersecurity market on the basis of security type?
• What is the breakup of the United States automotive cybersecurity market on the basis of form?
• What is the breakup of the United States automotive cybersecurity market on the basis of vehicle type?
• What is the breakup of the United States automotive cybersecurity market on the basis of application?
• What are the various stages in the value chain of the United States automotive cybersecurity market? 
• What are the key driving factors and challenges in the United States automotive cybersecurity?
• What is the structure of the United States automotive cybersecurity market and who are the key players?
• What is the degree of competition in the United States automotive cybersecurity market? 

 Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States automotive cybersecurity market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States automotive cybersecurity market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States automotive cybersecurity industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.