Global Automotive Cybersecurity Growth Opportunities

Global Automotive Cybersecurity Growth Opportunities

Strategic Partnering Will Prove Crucial for OEM Success and for Complying with Regulations such as WP.29

RELEASE DATE
25-Nov-2021
REGION
Global
Research Code: PBE0-01-00-00-00
SKU: AU02256-GL-MT_26004
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Description

The automotive industry is shifting towards intelligent networking systems and refined architecture for the development and deployment of advanced connected and autonomous vehicles. With an increasing number of connectivity features, the possibility of cyberattack threatens the safe operation of vehicles. With the security aspects of connected vehicles addressed at both the regulatory and industry level, automakers will focus on offering more comfort and safety features in their vehicles. The recent WP.29 mandate on cybersecurity will be critical in the type approval of new vehicles from 2022 on.

This study of the global automotive cybersecurity landscape includes an in-depth analysis of key cybersecurity market and technology trends in the connected vehicles space across passenger and commercial vehicle segments. It also explores different types of cybersecurity solutions and strategies value chain partners offer for mitigating threats during a vehicle’s life cycle. Major OEMs like Volkswagen, General Motors, and Tesla are developing in-house capabilities and expanding partnerships with IT service vendors in lieu of operating and securing cybersecurity management systems (CSMS). Security companies, in contrast, partner with technology players like Microsoft and AWS to offer connected services to OEMs. Tier I suppliers will move up the value chain to become solution providers for CSMS, vehicle security operations centers (VSOCs), and other services by partnering with enterprise IT/security companies, primary to help OEMs adhere to WP.29 regulations during development and threat management. Strategic partnerships for deploying effective cybersecurity solutions will be the priority of the entire ecosystem.

Frost & Sullivan predicts that the total addressable market for the cybersecurity of passenger vehicles will grow at a CAGR of 18.4% between 2020 and 2026, owing largely to the WP.29 regulation and OEMs in major economies competing to gain a competitive advantage. Vehicles with embedded connectivity will account for about 80% of connected vehicle sales by 2026, and hence OEMs will prioritize securing them first. Overall, the market opportunity for automotive cybersecurity is progressive, with the regulatory landscape and innovation across the automotive value chain propelling growth scenarios and minimizing vehicle security threats.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Automotive Cybersecurity

Growth Opportunities Fuel the Growth Pipeline Engine™

Automotive Cybersecurity—The Possible Impacts of Attacks and Why They are Important

Automotive Cybersecurity Key Findings

Automotive Cybersecurity Scope Analysis

Automotive Cybersecurity Segmentation

Key Competitors for Automotive Cybersecurity

Key Growth Metrics for Automotive Cybersecurity

Automotive Cybersecurity Ecosystem

Automotive Cybersecurity Value Chain

Growth Drivers for the Automotive Cybersecurity

Growth Restraints for the Automotive Cybersecurity

Forecast Assumptions

Connected Cars With Embedded Telematics—Sales Forecast

Connected Trucks With Embedded Telematics—Sales Forecast

Average Automaker Spend on Automotive Cybersecurity

Automotive Cybersecurity Addressable Market Size Forecast—Likely Scenario for PVs

Automotive Cybersecurity Market Size Forecast—Bearish Scenario (PVs)

Automotive Cybersecurity Market Size Forecast—Bullish Scenario (PVs)

Analysis of PV Cybersecurity Market Growth Factors in Different Scenarios

Automotive Cybersecurity Addressable Market Size Forecast for Trucks

Automotive Cybersecurity TAM Size Forecast by Vehicle Type

Automotive Cybersecurity Highlights—2020

Cyberattack Trends in Automotive History

Cyber-risk Assessment of Vehicle SW and Systems

Different Types of Cybersecurity Solutions in Vehicles

Cybersecurity Threats and Required Solutions

OEMs’ Cybersecurity Challenges

Significant Strategic Initiatives by OEMs Prior to WP.29

Overview of OEM Cybersecurity Partnerships and Strategies

Automotive Suppliers—Supply Chain Cybersecurity Challenges

Automotive Suppliers as Future Cybersecurity Partners for OEMs

Industry’s Increasing Focus on Vehicle Cloud Security

VSOC

Cybersecurity as Critical Layer of Automotive IoT Platform

Connected Cars Getting Redefined

Connected Cars with Embedded Telematics—Sales Forecast

Cyberattack Scenarios in Connected Cars

Key 2020 Automotive Cyberincidents—Connected Cars

Cybersecurity in Connected Cars

Key Trends of Connected Trucks Market

Connected Trucks with Embedded Telematics—Sales Forecast

Cyberattack Scenarios in Connected Trucks

Major Cybersecurity Incidents—Trucks

Cybersecurity in Connected Trucks

PVs vs. LCVs and M/HCVs—Cybersecurity Analysis

Autonomous Driving Services of the Future

Cyberattacks Scenarios in Future AVs

Cybersecurity in AVs

New Versions of E/E Architecture in Vehicles

Evolution of Cybersecurity Features and the Future Roadmap

Key Regulations and Standards to Impact Vehicle Safety and Security

Key Regulations and Standards to Impact Vehicle Safety and Security (continued)

Key Regulations and Standards to Impact Vehicle Safety and Security (continued)

WP.29 Regulation—Key Highlights

WP.29 Key Requirements & Mandates

ISO/SAE 21434—Security by Design Approach

Extensive TARA for Vehicle Type Approvals

Cybersecurity Audit Services for Regulatory Compliance

How Cybersecurity Partners Help OEMs with WP.29 and ISO 21434

Cybellum Digital Twins™ Platform for Threat Assessment and Mitigation

Upstream Security Cloud-based Security Framework

Upstream Security AutoThreat® Intelligence Module

Argus Cybersecurity (WP.29 Compliance Services)

SafeRide—AI-based Vehicle Health Management (VHM) Platform

Harman Cybersecurity and WP.29 Compliance Services

Bosch Cybersecurity

Business and Partnership Model—Automotive Cybersecurity

Key Funding and Focus Areas in Automotive Cybersecurity

Business-to-Business (B2B) Vehicle Cybersecurity Pricing Model

Automotive Cybersecurity Companies—Comparative Analysis

Automotive Cybersecurity Companies—Comparative Analysis (continued)

Semiconductor and Chip Manufacturers—Comparative Analysis

Automotive Tier I Suppliers—Comparative Analysis

Automotive Tier I Suppliers—Comparative Analysis (continued)

Enterprise IT Security Companies—Comparative Analysis

Automakers’ Selection Criteria—Choosing a Security Solution

Automakers’ Shift in Expectations from Cybersecurity Partners

SIs for Success and Growth—Automotive Cybersecurity

Conclusions and Future Outlook

Growth Opportunity 1—Regulations Will Continue to Drive Automotive Cybersecurity Growth

Growth Opportunity 1—Regulations Will Continue to Drive Automotive Cybersecurity Growth (continued)

Growth Opportunity 2—Advanced V2X Safety Use Cases in Vehicles Will Increase Demand for Cybersecurity

Growth Opportunity 2—Advanced V2X Safety Use Cases in Vehicles Will Increase Demand for Cybersecurity (continued)

Growth Opportunity 3—Managed Security Services Will See Demand in the Automotive Industry

Growth Opportunity 3—Managed Security Services Will See Demand in the Automotive Industry (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The automotive industry is shifting towards intelligent networking systems and refined architecture for the development and deployment of advanced connected and autonomous vehicles. With an increasing number of connectivity features, the possibility of cyberattack threatens the safe operation of vehicles. With the security aspects of connected vehicles addressed at both the regulatory and industry level, automakers will focus on offering more comfort and safety features in their vehicles. The recent WP.29 mandate on cybersecurity will be critical in the type approval of new vehicles from 2022 on. This study of the global automotive cybersecurity landscape includes an in-depth analysis of key cybersecurity market and technology trends in the connected vehicles space across passenger and commercial vehicle segments. It also explores different types of cybersecurity solutions and strategies value chain partners offer for mitigating threats during a vehicle’s life cycle. Major OEMs like Volkswagen, General Motors, and Tesla are developing in-house capabilities and expanding partnerships with IT service vendors in lieu of operating and securing cybersecurity management systems (CSMS). Security companies, in contrast, partner with technology players like Microsoft and AWS to offer connected services to OEMs. Tier I suppliers will move up the value chain to become solution providers for CSMS, vehicle security operations centers (VSOCs), and other services by partnering with enterprise IT/security companies, primary to help OEMs adhere to WP.29 regulations during development and threat management. Strategic partnerships for deploying effective cybersecurity solutions will be the priority of the entire ecosystem. Frost & Sullivan predicts that the total addressable market for the cybersecurity of passenger vehicles will grow at a CAGR of 18.4% between 2020 and 2026, owing largely to the WP.29 regulation and OEMs in major economies competing to gain a competitive advantage. Vehicles with embedded connectivity will account for about 80% of connected vehicle sales by 2026, and hence OEMs will prioritize securing them first. Overall, the market opportunity for automotive cybersecurity is progressive, with the regulatory landscape and innovation across the automotive value chain propelling growth scenarios and minimizing vehicle security threats.
More Information
No Index No
Podcast No
Author Dorothy Amy
Industries Automotive
WIP Number PBE0-01-00-00-00
Keyword 1 cybersecurity industry growth
Keyword 2 automotive cyber security
Keyword 3 global cyber security market
Is Prebook No
GPS Codes 9800-A6,9A70-A6,9B13-A6