The size of the global market for automotive cybersecurity is projected to almost double between 2020 and 2030. While the market was sized at some five billion U.S. dollars in 2020, it is expected to reach the size of about 9.7 billion U.S. dollars in 2030. The largest growing segment of the global automotive cybersecurity market is projected to be cybersecurity-related software development.
Size of the automotive cybersecurity market worldwide in 2020, with a forecast for 2025 and 2030, by segment
(in billion U.S. dollars)
Characteristic
Cybersecurity hardware components
Cybersecurity-related software development efforts
Cybersecurity processes and solutions
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McKinsey & Company. (December 15, 2020). Size of the automotive cybersecurity market worldwide in 2020, with a forecast for 2025 and 2030, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 18, 2024, from https://internal.statista.com/statistics/1276165/automotive-cybersecurity-market-size-worldwide/
McKinsey & Company. "Size of the automotive cybersecurity market worldwide in 2020, with a forecast for 2025 and 2030, by segment (in billion U.S. dollars)." Chart. December 15, 2020. Statista. Accessed June 18, 2024. https://internal.statista.com/statistics/1276165/automotive-cybersecurity-market-size-worldwide/
McKinsey & Company. (2020). Size of the automotive cybersecurity market worldwide in 2020, with a forecast for 2025 and 2030, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 18, 2024. https://internal.statista.com/statistics/1276165/automotive-cybersecurity-market-size-worldwide/
McKinsey & Company. "Size of The Automotive Cybersecurity Market Worldwide in 2020, with a Forecast for 2025 and 2030, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Dec 2020, https://internal.statista.com/statistics/1276165/automotive-cybersecurity-market-size-worldwide/
McKinsey & Company, Size of the automotive cybersecurity market worldwide in 2020, with a forecast for 2025 and 2030, by segment (in billion U.S. dollars) Statista, https://internal.statista.com/statistics/1276165/automotive-cybersecurity-market-size-worldwide/ (last visited June 18, 2024)
Size of the automotive cybersecurity market worldwide in 2020, with a forecast for 2025 and 2030, by segment (in billion U.S. dollars) [Graph], McKinsey & Company, December 15, 2020. [Online]. Available: https://internal.statista.com/statistics/1276165/automotive-cybersecurity-market-size-worldwide/