Overview:

With increasing use of advanced electronics, automotive vehicles are now built with numerous sensors and control units for controlling systems ranging from steering, braking to headlights. In addition, as more number of vehicles get connected, cyber-attacks have emerged as a major cyber-security threat. This has posed as a significant challenge for the automotive manufacturers and adjacent technology providers, thereby creating wide array of opportunities for cyber security solutions. Automotive cyber security refers to solution designed to provide protection to vehicles such as connected passenger vehicles, VIP vehicles, police vehicles, defense vehicles and others having high risk of cyber-attack. Automotive electrical components such as sensors, control units, lighting to steering, engine and other drive in parts are connected by means of an internal network. An access to such peripheral electronic control unit (ECU) would enable hackers to take control over various critical components such as engine and brakes.

With consistently growing automotive industry along with the introduction of concept of IoT, connected cars are set to exhibit high growth in the following years. Being more susceptible to cyber-attacks, increasing penetration of connected cars is set to demonstrate high demand for related cyber security solutions. Hackers are getting savvier in perpetrating cyber-attacks more easily and cost effectively on connected vehicles due to limited security in current scenario. Thus, automotive companies are now working closely with software security companies for designing effective cyber security for connected vehicles. Some of the major instances are listed below:

• BMW Group, Intel Corporation, Mobileye an Intel company and Fiat Chrysler Automobiles signed memorandum on June 2016 to join them in developing autonomous driving platform.
• BMW’s alliance with Aptiv PLC on January 2018 for eight BMW 5 series sedans equipped with automated driving technology.
• The Renault-Nissan Alliance and Microsoft Corporation have signed a global, agreement on September 2016 to partner on next generation technologies to advance connected driving experiences worldwide.
• Ericsson collaboration with Zenuity, an automotive software joint venture between Autoliv and Volvo Car Corporation to develop an end-to-end platform for connected safety on June 2014.

Apart from external communications, a connected vehicle also features internal communications for internal module functioning. Thus, it becomes crucial to secure these modules to ensure seamless functioning of vehicles. In order to address these concerns, technology companies are working together for detecting and providing solution to cyber security problem in automotive industry. For instance, in January 2018, Honeywell International, Inc. and LG Electronics, Inc. signed a memorandum of understanding (MoU) in order to work towards developing new automotive software and infrastructure solutions to address issues pertaining to security threat associated with connected vehicles.

North America is the largest market for automotive cyber security solutions and is set to retain its position in the market over the forecast period. The U.S. is among the largest markets for connected cars, making it the most prominent market for related cyber security solutions. With increasing penetration of the overall IoT services, Asia Pacific is set to emerge as the next big market for connected cars. Subsequently, the region would register the highest growth rate for automotive cyber security solutions in the following years.

Global Automotive Cyber Security Market is segmented on the following bases:

• By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
• By Type
  • Software-based
  • Hardware-based
  • Services

Key Players Identified in the Automotive Cyber Security Market include but are not limited to:

Cisco Systems, Inc., Argus Cyber Security Ltd., Harman International Industries, Inc., Intel Corporation, ESCRYPT-Embedded Security, SBD Automotive, BT Group plc., NXP Semiconductors NV, Trillium Software, Secunet Security Networks AG, Security Innovation, Inc., Utimaco GmbH.