1. Market Research
  2. > Automotive Market Trends

Cybersecurity in the Automotive Industry : OEMs and Technology Vendors Focus on Safety and Privacy

  • October 2014
  • 76 pages
  • Frost & Sullivan
Report ID: 2464460

Summary

Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Cyber Security for Cars Market

  • $ 4250
  • Industry report
  • July 2017
  • 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 ...

US Automotive Technicians’ Choice Survey of Replacement Parts, 2016

  • $ 20000
  • Industry report
  • May 2017
  • by Frost & Sullivan

Technicians Shifting to Digital Platforms The importance of technicians as customers for part suppliers continues to grow with the continued expansion of the Do-It-For-Me (DIFM) channel in the US automotive ...

Liquid and Gas Filtering and Purifying Equipment Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 22464
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Liquid and Gas Filtering and Purifying Equipment Markets in the World to 2021 offers the most up-to-date market data on the actual market situation, and future outlook for liquid ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

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