How Automotive Cybersecurity is Shaping the Next Era of Mobility

As vehicles become more connected and autonomous, automotive cybersecurity is emerging as a critical priority for the future of mobility. With modern cars equipped with advanced technologies like V2X communication, over-the-air updates, and autonomous driving systems, the potential for cyber threats is at an all-time high. Cyberattacks on vehicles can compromise not only data and privacy but also the safety of passengers and pedestrians. This has propelled the automotive industry to invest heavily in cybersecurity solutions that protect critical vehicle systems from potential breaches. The integration of robust cybersecurity measures is essential for building consumer trust and ensuring the safe deployment of next-generation mobility solutions. As we move towards a fully connected and autonomous future, the role of cybersecurity in automotive technology will be foundational in shaping a secure and resilient ecosystem for smart mobility.

The global automotive cybersecurity market size is projected to grow from USD 2.5 billion in 2023 to USD 6.0 billion by 2028, at a CAGR of 18.5%.

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Advent of software-defined vehicles

The automotive sector has started shifting its focus toward software-centric vehicles. The features and functions of these vehicles are primarily enabled through automotive software. Today, most premium vehicles have up to 150 million lines of software codes, which are typically proportionate among hundreds of electronic control units (ECUs) and a rising number of cameras, RADAR, and light detection and ranging (LiDAR) devices, among others.

Software-defined vehicles have several advantages. For instance, software upgrades pertaining to vehicle infotainment systems, telematics, vehicle diagnostic systems, and others will require a trip to the dealership. However, with software-defined vehicles, customers will be able to receive over-the-air (OTA) updates that cover infotainment improvements, security patches, and the monitoring & tuning of core functionalities, such as powertrain and vehicle dynamics. This will increase the demand for software-defined vehicles, in turn creating growth opportunities for the automotive cybersecurity market during the forecast period.

Endpoint security segment is expected to have significant growth opportunities

The endpoint security segment is anticipated to have significant growth opportunities in Europe and Asia Pacific during the forecast period. Rising concerns pertaining to the safety and security in Europe and Asia Pacific regions are also likely to increase the demand for endpoint security solutions. New vehicles launched in the global market contain around 100 million lines of code and are typically deployed with complex software by automotive manufacturers/OEMs. Automotive OEMs are opting for endpoint security solutions in order to maintain the safety as well as security of a vehicle’s entire code base. All these aforementioned factors are expected to augment revenues for endpoint security segment of the automotive cybersecurity market in the foreseeable future.