ABI Research Forecasts Global Hardware Security Module Sales Volume per Vehicles to Hit $2.3 Billion by 2020

Via ABI Research Media Releases

Dec 10, 2015

London, United Kingdom - 10 Dec 2015

Share: ImageImageImage

With connected cars increasing in availability and popularity, automotive cybersecurity is racing to the forefront of car manufacturers’ minds as new, emerging threat vectors continue to surface, ones capable of critically affecting the functional safety of vehicles. In its recent report, ABI Research , a leader in technology market intelligence, analyzes security solutions for automotive embedded capabilities, software and secure network connectivity as the world gears up to welcome the future of connected cars. The report forecasts that the global hardware security module (HSM) sales volume per vehicles, including both consumer and commercial, will reach $2.3 billion by 2020.

Read ABI Research’s Automotive Cybersecurity report.

“In a car, there are typically about 100 different electrical control units, and right now, most cars do not contain secure-enough hardware,” says Michela Menting, Research Director at ABI Research. “It’s a difficult challenge to transpose enterprise cybersecurity models into mobile cyber physical systems, but the automotive industry is ramping up to start strategically thinking about and deploying automotive cybersecurity solutions.”

The challenges facing car manufacturers lie in learning to work with security vendors to adapt existing solutions to cars, becoming more involved in the design and implementation of security standards and strategically incorporating security solutions at the research and development level. Data protection is also a relevant concern, and OEMs will need to work closely with cybersecurity solution corporations to determine how to protect a connected car’s data and set necessary privacy parameters.

“OEMs face the obstacle of learning to relinquish a little bit of control as they integrate their business models with security vendors so that, together, the two can achieve the best in-breed security model,” continues Menting. “Connected cars will communicate and share data with a number of systems and infrastructures. Together, OEMs and security vendors will need to address potential outside security threats from hackers, but also more fundamental privacy concerns for the car owner.”

In its report, ABI Research analyzed a number of vendors in the automotive industry, from startups to larger corporations, which are currently proposing dedicated cybersecurity solutions for connected cars. Companies include ARM, Arilou, Argus, BlackBerry, Bosch, Cisco, Cog Systems, Commsignia, Covisint, Elektrobit, Ericsson, ESCRYPT, Freescale, Fujitsu, Green Hills, Harman, Imagination, Infineon, Intel, Integrity Security Services, Link Motion, NXP, Mentor Graphics, Renesas, Security Innovation, SYSGO, TowerSec and Wind River.

“Cybersecurity is far behind in the automotive industry,” concludes Menting. “Different players are thinking about the idea, but actually unleashing commercially available vehicles equipped with cybersecurity solutions into the market has yet to happen. But it will happen in the next few years. If car manufacturers don’t start thinking about security now, they will not be able to have self-driving cars in five years’ time.”

These findings are part of ABI Research’s Cybersecurity Technologies Service, which includes research reports, market data, insights and competitive assessments.

This content extract was originally sourced from an external website (ABI Research Media Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.