Auto2x publishes the Automotive Cyber Security Market Forecast 2015-2025 report
London, Oct 2015
Over the next decade, as automobile-driving progresses from Connected and Assisted to highly and fully-automated, the protection of the vehicle’s augmented ‘’attack surface’’ will become a top priority for carmakers and regulators. Thus, vehicle safety will expand from passive and active to yet another dimension, that of security against cyber threats, which also includes data privacy.
This is because holistic safety, security and privacy are incremental features for consumer acceptance of these new automotive technologies. They are also paramount for the viability of OEMs’ investment and critical for the transition towards more autonomous and eventually self-driving cars.
Additionally, as V2V and Vehicle-to-Infrastructure communications expand, another segment in the Automotive Cyber Security market will be unveiled, one that also needs to be addressed now.
”Amid the expansion of the vehicle’s attack surface resulting from the proliferation of Connected Cars and Connected devices, OEMs need to address malicious cyber-attacks from organised crime. This means that they will have to rely more on automotive cyber security companies with expertise in this field, since Tier-1s’ expertise is also limited. The outcome will be the formation of new partnerships, M&A and further investment in the Automotive Cyber Security market.”
Georgios Stathousis, Automotive Consultant, Auto2x
We assess that in the wake of the recent car hacks by cyber security researchers and US Senator Markey’s report on the vulnerability of modern vehicles to malicious attacks, Automotive Cyber Security will unfold as the key topic in OEMs and suppliers’ agenda for the immediate future.
Moreover, we expect that the competitive landscape will alter significantly from its current status through M&A, the formation of new partnerships, and new investments. Consequently, new business models and opportunities will arise.
The key challenges here are how quickly the level of security and privacy in Connected Cars will rise to sufficient levels to avoid having vulnerable vehicles. Furthermore, how the cost of embedding cyber security solutions to new vehicles will affect OEMs, consumers and other key automotive stakeholders.
What This Report Delivers
Our 70 page report identifies the drivers that will fuel growth in the Automotive Cyber Security market over the next decade and provides a roadmap of adoption for Cyber Security solutions for Connected Cars.
Additionally, it delivers an insight into the evolution of the market landscape, drawing conclusions from a panel of industry experts and our in-house expertise.
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