1. Market Research
  2. > Automotive Market Trends
  3. > Cybersecurity in the Automotive Industry : OEMs and Technology Vendors Focus on Safety and Privacy

Key Findings

1 - Although no vehicle cybersecurity breaches have been reported, the value proposition for prevention is huge because of its risks to passenger safety with more than vulnerable points in a car.
2 - Electronics accounts for about % to % of the value of a car today; this is likely to increase to at least % by 2020. If original equipment manufacturers (OEMs) ignore the cybersecurity aspect they would be compromising their users, risking brand value, and incurring financial and moral liabilities.
3 - Cybersecurity has emerged as a key concern in the automotive industry as researchers globally demonstrate threats and risks through scenarios such as taking control of a car and turning off the engine and headlights, disabling brakes, commandeering steering, and denying services. However the industry cannot deal with this alone, and would need to integrate with information technology (IT) companies such as Cisco, CGI, and IBM.
4 - With the industry processing Big Data for features and services such as product planning, warranty and after-sales service, marketing, and connecting service providers and fleet-related services, governments are framing laws for the ethical harvesting of data.
5 - OEMs and Tier I suppliers plan to deploy vehicle-to-vehicle and vehicle-to-infrastructure (V2X) applications by 2015 in Europe; it is of utmost importance to secure the communication channel. Dedicated short-range communication (DSRC) and mobile-based technologies such as long-term evolution (LTE) and 4G will form futuristic platforms. There is also high potential for smartphone application, and additional services in aftermarket on-board units (OBUs) and roadside units (RSUs).

Cybersecurity Market: Security Threats, Europe and North America, 2014

- Interest in valuable intellectual property (IP) could lead to technology espionage. Competitors, government agencies, or third-party manufacturers could spy on or steal OEMs’ IP.
- Modified functions or manipulated equipment in a car could significantly damage an OEM’s reputation, resulting in a loss of customers who stay away from the brand even after the issue is fixed.
- Organized criminals can extort money by controlling car access or speed, or by tracking personally identifiable information (PII). Electronic control units (ECUs) or brake modules can be manipulated to change vehicle performance.
- Location tracking and stalking may violate privacy. VIP movements can be tracked for attacks. Tracking location and driving patterns could add value for insurance companies.
- Most high-end luxury cars today offer keyless entry and remote ignition systems that makes them vulnerable to theft.

Table Of Contents

Cybersecurity in the Automotive Industry : OEMs and Technology Vendors Focus on Safety and Privacy
Executive Summary
Research Scope, Objectives, Background, and Methodology
Definitions and Segmentation
Areas of Vulnerability
Cybersecurity Ecosystem
OEM Interest in Cybersecurity
Case Studies
Unlocking Business Potential
Regulations
Specialist Company Profiles
Conclusions
Appendix

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Global Cyber Security for Cars Market

Global Cyber Security for Cars Market

  • $ 4250
  • Industry report
  • October 2016
  • by Mordor Intelligence LLP

The market for connected cars is estimated to be worth USD 42.6 billion by 2018 by GSMA estimates and revenues of the same are expected to increase four-fold between 2015 and 2020. In light of this, the ...

North America Market for Cyber Security of Cars

North America Market for Cyber Security of Cars

  • $ 3850
  • Industry report
  • October 2016
  • by Mordor Intelligence LLP

The market of cyber security of cars in North America is poised to touch $XX billion by the end of 2020 with a CAGR of XX% over the coming 5 years. The US Department of Transportation has urged the automotive ...

Global Cyber Security for Cars Market - Mordor Intelligence.docx

Global Cyber Security for Cars Market - Mordor Intelligence.docx

  • $ 4250
  • Industry report
  • August 2016
  • by Mordor Intelligence LLP

The market for connected cars is estimated to be worth $42.6 billion by 2018 by GSMA estimates, and revenues for the same expected to increase four fold between 2015 and 2020, the market for cyber security ...


ref:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.