Canada Automotive Cyber Security Market Size & Outlook
Canada automotive cyber security market, 2018-2030 (US$M)
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Canada automotive cyber security market highlights
- The Canada automotive cyber security market generated a revenue of USD 242.2 million in 2023 and is expected to reach USD 931.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 21.2% from 2024 to 2030.
- In terms of segment, wireless network security was the largest revenue generating security in 2023.
- Application Security is the most lucrative security segment registering the fastest growth during the forecast period.
Automotive cyber security market data book summary
| Market revenue in 2023 | USD 242.2 million |
| Market revenue in 2030 | USD 931.2 million |
| Growth rate | 21.2% (CAGR from 2023 to 2030) |
| Largest segment | Wireless network security |
| Fastest growing segment | Application Security |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Endpoint Security, Application Security, Wireless Network Security |
| Key market players worldwide | Vector Informatik, NXP Semiconductors NV, Harman International, Broadcom Inc, Denso Corp, Honeywell International Inc, SheeldS, GuardKnox |
Other key industry trends
- In terms of revenue, Canada accounted for 6.4% of the global automotive cyber security market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive cyber security market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 931.2 million by 2030.
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Automotive Cyber Security Market Scope
Automotive Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada automotive cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive cyber security market will help companies and investors design strategic landscapes.
Wireless network security was the largest segment with a revenue share of 41.16% in 2023. Horizon Databook has segmented the Canada automotive cyber security market based on endpoint security, application security, wireless network security covering the revenue growth of each sub-segment from 2018 to 2030.
Government authorities in Canada are enacting several policies to strengthen the security of vehicles against cyberattacks. The country is collaborating with all levels of government, businesses, suppliers, service providers, and other countries to better identify vehicle cyber security threats and emphasize the importance of implementing cyber resilience into its transportation system.
In June 2022, the Canadian government introduced Bill C-26, an Act Respecting Cyber Security (ARCS), to strengthen cyber security in the financial, energy, transportation, and telecommunications industries in the country.
The bill also included the Critical Cyber Systems Protection Act (CCSPA), laying the groundwork for securing Canada's vital infrastructure by enabling organizations to plan for, prevent, and react to cyber threats more effectively. The law also serves as a template for regions, territories, and localities working with the central government to secure their vital infrastructure.
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Target buyers of Canada automotive cyber security market databook
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Our clientele includes a mix of automotive cyber security market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada automotive cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Canada automotive cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada automotive cyber security market size, by security, 2018-2030 (US$M)
Canada Automotive Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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