Europe Automotive Cyber Security Market Size & Outlook
Europe automotive cyber security market, 2018-2030 (US$M)
Related Markets
Europe automotive cyber security market highlights
- The Europe automotive cyber security market generated a revenue of USD 993.4 million in 2023.
- The market is expected to grow at a CAGR of 20.8% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 993.4 million |
| Market revenue in 2030 | USD 3,732.3 million |
| Growth rate | 20.8% (CAGR from 2023 to 2030) |
| Largest segment | Wireless network security |
| Fastest growing segment | Application Security |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 26.3% of the global automotive cyber security market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,437.5 million by 2030.
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Automotive Cyber Security Market Scope
Automotive Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 43% in 2023. Horizon Databook has segmented the Europe 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.
Automotive electronic component suppliers in Europe, such as Hella KGaA Heuck & Co. and Aptiv PLC, Continental AG, Robert Bosch GmbH, happen to be amongst the leading patent applicants and are rigorously focusing on developing cyber security solutions.
It can create enormous opportunities in the region’s automotive cyber security market. The U.K. government issued stringent automotive cyber security rules, and augmented oversight will inevitably result in higher standards and regulatory requirements that will impact the automotive cyber security market.
New Car Assessment Programs (NCAP) has been launched in Europe that mandates the use of Automatic Emergency Braking and Lane Departure Warning for wide-scale adoption of active safety systems. It is anticipated to surge the demand for automotive cyber security systems overthe coming years.
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Target buyers of Europe 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 continent-level data and insights on the Europe automotive cyber security market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automotive cyber security market size, by country, 2018-2030 (US$M)
Europe Automotive Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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