Automotive Cybersecurity Market Analysis and Forecast

The consumer requires the vehicle safe and secured. This implies not only safeguarding its passengers but also preventing accidents. Autonomous driver systems make this possible. Thus, it has accelerated market growth over the past decade. Today, vehicles come with automated cooling and tailgate opening. Also, seating adjustments with memory is available in intelligent vehicles. Performance monitoring system keeps the driver updated about the metrics of its vehicles. With an infotainment system, GPS, voice assistant, and connectivity, vehicles have become efficient. The growth in technologies like infotainment systems and performance monitoring as well as its implications on automotive cybersecurity can also be mapped using Global Market Database . The platform provides free market database across 600+ markets and 12 different industries.
Modern cars are being fitted with 70 electronic control units (ECUs) on average. These ECUs provide advanced vehicle connectivity. These ECUs have been linked via serial buses. They use a de-facto standard protocol called the Controller Area Network to interact. Vehicle-to-vehicle and vehicle-to-infrastructure short-range communication are recent developments in the automotive sector. Vehicle-to-Internet connectivity via an embedded modem or Bluetooth, has added to the advancements. The increased requirement for connectivity amongst devices is now encouraging the integration of an ICT based framework in automotive. Global Market Database is a world’s first dynamic B2B Market Research Platform which provides free market research tools.
The risk assessment associated with the rise in network collaboration as well as integration can be mapped using Global Market Database. The market competitiveness of existing technology and its design flaws can be rectified by analyzing consumer behavior. Free market research tools like Global Market Database serve as a cloud based market research platform that deciphers the change in market trends.
RiskIQ reported that malicious mobile applications are becoming common. In 2013, 12.7% of all Google Play applications seem to have been malicious. Most vehicles today pair with smartphones via Bluetooth connectivity. With the number of Bluetooth-enabled vehicles the probability of positive automotive attacks increases. This, in turn, can is being used as pathways for the attack. Existing vehicle systems design lag security considerations. This absence has made vehicles susceptible to cyberattacks. Global Market Database is an effective market research tool that gives its users market wise quantitative inputs.
The regulations on automotive cybersecurity are compulsory in the European Union. All new vehicles to produce in EU from July 2024 onwards would follow the same regulations. Japan and Korea have agreed to enforce the legislation on a timetable of their own. For North American automakers, the regulations do not comply. The WP.29 regulation specifies the type-based vehicle approval criteria for automotive cybersecurity. The vehicle includes cars, vans, trucks, and buses. The regulation specifies the enforcement certificate for the Cyber Security Management System (CSMS). The CSMS refers to the system that supports the manufacturer’s cybersecurity. To ensure vehicle safety, it requires to follow each procedure, operation, and workforce.
The vehicle safety protocols and the regulations that modulate the growth of automotive cybersecurity as a technology can be understood using Global Market Database . Systems like CSMS and its effect on the manufacturer’s cybersecurity are technologies that are anticipated to propel the market growth. Market research tool like Global Market Database procure regularly updated data that streamlines research. Therefore, industry officials can study the trends with the utmost ease.
These regulations would enable the industry to enforce common cybersecurity practices. These practices are for the manufacture and production of vehicles. It enables the evaluation by third parties of adherence to practices and certification. Adherence to standards is demonstrated by industry actors for example in contractual agreements between OEMs and suppliers.

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