China Automotive Cyber Security Market Size & Outlook
China automotive cyber security market, 2018-2030 (US$M)
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China automotive cyber security market highlights
- The China automotive cyber security market generated a revenue of USD 1,003.2 million in 2023 and is expected to reach USD 3,722.4 million by 2030.
- The China market is expected to grow at a CAGR of 20.6% 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 1,003.2 million |
| Market revenue in 2030 | USD 3,722.4 million |
| Growth rate | 20.6% (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, China accounted for 26.6% 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 Asia Pacific, China automotive cyber security market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 68.4 million by 2030.
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Automotive Cyber Security Market Scope
Automotive Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 41.01% in 2023. Horizon Databook has segmented the China 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.
China is the world’s largest manufacturing hub and has a large consumer base. In 2021, the country accounted for around 33% of the 79 million global motor car production. The country offers a favorable environment for Chinese automotive cyber security solution providers to take the lead and dominate the automotive cyber security market.
Moreover, China’s legal framework for security is further contributing to the country’s market growth. For instance, the country has passed the Data Security Law (DSL) to regulate data processing, promote data development and utilization, ensure data security, protect the lawful rights and interests of people and organizations, and safeguard the state's sovereignty, safety, and development interests.
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Target buyers of China 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China automotive cyber security market , including forecasts for subscribers. This country databook contains high-level insights into China automotive cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China automotive cyber security market size, by security, 2018-2030 (US$M)
China Automotive Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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