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Market Research Report

Global Cybersecurity in Connected Vehicles Market Outlook 2030: Based on hardware type, Based on form type, Based on end market, Based on transponder, Based on network, Based on geography with COVID-19 impact

Published Date :

2020-09-17

Report Pages :

764

Format :

PDF

Region Covered :

Global

Global Cybersecurity in Connected Vehicles Outlook

Connected cars have slowly became mainstream, with more than 700 million of them expected to be operating on roads by 2030. Most new vehicles are leaving production lines with a host of features that require a connection to the online world, including GPS, lane assistance, collision avoidance, and modern infotainment systems. However, while connected cars offer lot of opportunities for the consumer, automakers need to take the privacy and security of consumer in consideration. As any vulnerabilities could undermine the safety of connected car systems and features, putting the user’s sensitive information at risk as well as their physical safety. To protect consumers from the mishaps of these cyberattacks, automakers need to adopt a cybersecurity culture that not only addresses the obvious exposures in their vehicle’s software, but other hidden vulnerabilities that could arise from third-party components in their vehicles.

The current state of cybersecurity in connected vehicles

Cybersecurity is still an unstandardized anomaly in the automotive industry, as software security is moving at a much slower pace than technology in the industry, with only 10% of automakers having an established cybersecurity team. The economies in car are inherently unfair as with right tools, attacks are affordable and low effort affairs, whereas mounting a coherent defense against such attacks requires higher efforts and investment. So far, the playing field is in favor of the attackers, and there have been a few incidents that put this into perspective. For example, security researches demonstrated that a Jeep Cherokee could be hacked when they took control of the wipers, air conditioning, brakes, and accelerator from 10 miles away.

The role of automakers in improving cybersecurity

Automakers must start looking for the security testing as an investment which will result in better quality vehicles, for the direct paybacks not as an expense. Automakers should consider cybersecurity throughout the production cycle, starting from the design stage as technical vulnerability can arise at any time. Carmakers must include cybersecurity in design from the start since the complex supply chains and long developments cycles of vehicles platforms do not allow for architectural changes in the last stages. Beyond this, automakers must also ramp up their capabilities and expertise to monitor the cyber security of vehicles on the road. Since new threats can arise at any point of time, cybersecurity needs to be treated like any other common servicing issues like changing the engine oil or replacing the sparks plugs. Consumers should be able to get security-related software updates regularly well into the vehicle’s ownership life cycle to ensure that they can deal with new and evolving cyber threats.

Regulatory change in cybersecurity is needed

Although regulatory bodies have a long way to go in ensuring that all vehicles operating on the roads have adequate cybersecurity systems to keep everyone safe, some already taken a few steps in the right direction. For example, California now requires autonomous cars to meet industry standards for cybersecurity. The United Nations Economic Commission for Europe (UNECE) is also expected to finalize its regulations on cybersecurity and software updates, making cybersecurity a requirement for future vehicle sales. Industry experts see the UNECE regulations as the beginning of a new age of technical compliance regulation to address the increase of software and connectivity in the automotive industry. Looking at an opportunity, cybercriminals are focusing more energy on attacking connected vehicles, resulting a challenge for players in the automotive industry. It is up to regulatory bodies to increase pressure on automakers to ensure that every that leaves the production line has better protection against current and future attacks.

Global Cybersecurity in Connected Vehicles Market Segmentation

Based on hardware type:

  • Head Unit
  • Central Gateway
  • Intelligent Antenna
  • Electronic Control Unit
  • Telematics Control Unit
  • Keyless Entry Systems
  • Sensors

Based on form type:

  • Embedded
  • Tethered
  • Integrated

Based on end market:

  • OEM
  • Aftermarket

Based on transponder:

  • Onboard unit
  • Roadside unit

Based on network:

  • DSRC
  • Cellular

Based on geography:

  • North America (US, Canada) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Rest of the World {Market Share (%), Market Size (USD Million), Adoption (%)}

Cyber security practices for modern vehicles

SAST for automotive cyber security:

Static analysis (SAST) is an essential tool for software developers in the auto industry to detect security bags such as, SQL injection, cross-site scripting and buffer overflows, in their proprietary code. This is also known as white box testing, scans an application before the code is compiled.

IAST for automotive cyber security:

Interactive application security testing (IAST) solutions help automotive organizations identify and manage risks associated with vulnerabilities discovered in running applications using dynamic testing techniques. Some IAST solutions integrate software composition analysis (SCA) tools to address known vulnerabilities in open source components and frameworks.

SCA for automotive cyber security:

With the growth in open source use, especially by third-party vendors, auto manufacturers need to ensure that software composition analysis (SCA) is part of their application security tool belt. Code audits consistently show open source components composing as much as 25% of any given automotive application.

Analysis of Connected Vehicle Market

Connected cars can be defined on the basis of their access to wide range of sensors and internet connectivity that are able to sense physical environment and can interact with other machines or entities. Shipments of connected electric vehicles reached around 1.30 million in 2018 and it is expected to cross approx. 2.45 million by the end of 2020.  North America region is anticipated to be the largest market for autonomous vehicles market as deployment of self-driving cars in the U.S. will begin with several thousand autonomous vehicles in 2020, which is expected to grow nearly 4.5 million vehicles by the end of 2024. North America is projected to closely follow by the Western Europe with a little more than 3 million autonomous vehicles expected to be sold in 2024. The global vehicle connectivity services market reached around USD 21.7 billion in 2015 and expected to reach USD 90 billion by the end of 2021. Further the market is anticipated to expand at compound annual growth rate of 18.8% through the forecast period i.e. 2017-2030.

According to the Goldstein Market Intelligence Analyst, Global Connected Vehicle Market is expected to grow at a CAGR of 38% during the forecasted period i.e. 2017-2030.

Security Challenges for Connected Cars

Theft of personal data: With the increasing no. of sensors in vehicles, the potential for hackers to steal personally-identifiable information (PII) from the vehicle’s systems, such as personal trip and location data, entertainment preferences and even financial information.

Connection risks: The attackers can exploit flaws in a vendor’s implementation, as security has been sometimes been an afterthought in the design phase for connected cars and their components, which creates an easy target for hackers exploiting vulnerabilities using cellular networks, Wi-Fi, and physical connections.

Mobile application security vulnerabilities: As more mobile apps are released by manufacturers for communicating with vehicles, the more these become a target for the attackers. Around 75% of mobile applications fail basic security tests. The security vulnerabilities in the Android and iOS mobile operating systems are also a source of concern.

In Vehicle Infotainment (IV) vulnerabilities: Innovations in vehicle entertainment systems, such as sat-nav to high-definition streaming media, bring benefits to drivers but these platforms provide services that make use of sensitive data and are security-critical to vehicles and end-users. 

Security vulnerabilities in the complex supply chain: Automotive manufacturers rely heavily on third party vendors to supply the systems, software and hardware components of their vehicles. Unless auto manufacturers impose rigorous cyber security requirements on their Tier 1 and Tier 2 suppliers, they run the risks of introducing security vulnerabilities via these components.

Failure to keep up the latest security patches and updates: As various new threats and attacks are discovered; the only effective solution is to ensure that the platforms can be easily and securely updated once deployed into the field.

Lack of “designed-in” security: The automotive industry has little historical experience of dealing with cyber security risks and this has become evident from the lack of security built into many of the software and hardware components in the first generations of connected cars.

Recent Cyber Attacks in Connected Cars

Tesla Hacked by Chinese hackers

A group of Chinese security researchers were able to hack a Tesla Model X, second time in a row. These hackers found a way to turn on the brakes remotely and getting the doors and trunk to open and close while blinking the lights in time to music streamed from the car’s radio. This was a complex hack as they were able to remotely control the car via both Wi-Fi and a cellular connection. Later, Tesla successfully patched this issue within two weeks of being reported.

Ford Fusion and Toyota Prius Lose Control of their brakes

Charlie Miller and Chris Valasek, two engineers who were doing consulting work for the Pentagon's Defense Advanced Research Projects Agency, have successfully managed to hack Ford and Toyota cars, by compromising its safety and Sync systems to gain access to safety features, brakes, cruise control, steering, parking assist and also the remote keyless entry system.

Fiat Chrysler recalled 1.4 million cars that were hacked

The Jeep Cherokee is probably the only car that had to be recalled for a potential hack. 1.4 million Cars, including various models of the Dodge, Chrysler, and Jeep were recalled in a response to a potential hack that could affect the brakes, engine, steering, and other safety controls in the cars.

Major Connected Cars Security Product Vendors:

  • Bosch
  • Tesla Motors
  • Arillon Technologies
  • Harman International
  • NXP Semiconductors
  • Argus Cyber Security Ltd.
  • Karamba Security
  • Cisco Systems Inc.
  • Secunet AG
  • Infenion Technologies AG
  • Telenor
  • Verizon
  • Visteon
  • CyMotive
  • Guard Knox
  • Upstream Security
  • Ixia
  • Arxan
  • Regulus Cyber
  • NXM Labs
  • Run Safe Security

Major Players of Connected Vehicle Market

  • Volkswagen Group
  • Tesla Motors
  • Daimler Group
  • Google Inc.
  • Uber
  • BMW AG
  • Audi AG
  • General Motors
  • Volvo Group
  • Nissan Motor Company
  • Baidu Inc
  • Apple Inc.
  • Ford Motor Company
  • Toyota Motor Corporation
  • Dutch Automated Vehicle Initiative (DAVI)

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Key questions answered in this Global Cybersecurity In Connected Vehicles Market Report

  • What is the total market size by 2030 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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  • To strategically profile key players and comprehensively analyze their market shares and core competencies



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Global Cybersecurity in Connected Vehicles Market Outlook 2030: Based on hardware type, Based on form type, Based on end market, Based on transponder, Based on network, Based on geography with COVID-19 impact

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