India Automotive Cyber Security Market Size & Outlook
India automotive cyber security market, 2018-2030 (US$M)
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India automotive cyber security market highlights
- The India automotive cyber security market generated a revenue of USD 35.6 million in 2023 and is expected to reach USD 173.0 million by 2030.
- The India market is expected to grow at a CAGR of 25.4% 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 35.6 million |
| Market revenue in 2030 | USD 173.0 million |
| Growth rate | 25.4% (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, India accounted for 0.9% 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 |
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India 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 46.63% in 2023. Horizon Databook has segmented the India 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.
The Make India campaign is expected to draw significant investments in the automotive sector as the country offers various benefits, such as low-cost labor and cheaper raw materials.
In India, the fact that users have limited control over the hardware used for accessing the internet poses immense challenges for the national security architecture. The Indian authorities tackle localized cybercrimes by responding to them on a case-by-case basis.
The number of security incidents handled by the Indian Computer Emergency Response Team (CERT-In) has increased significantly over the past few years. These factors are expected to drive market growth in the region.
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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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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 India automotive cyber security market , including forecasts for subscribers. This country databook contains high-level insights into India automotive cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive cyber security market size, by security, 2018-2030 (US$M)
India Automotive Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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