The automotive industry is undergoing a revolution, with vehicles evolving into autonomous, electric, and software-driven machines. Artificial intelligence (AI)-powered systems are rapidly becoming a standard, transforming the driving experience. At the heart of this shift lies telematics— enabling sophisticated connectivity solutions that are reshaping the industry.
Did you know?
The global automotive cybersecurity domain is on track to grow at an annual rate of 18.4%, driven by regulatory demands and the competitive race among automakers in key automotive regions. By 2026, vehicles with embedded connectivity are expected to make up 80% of all connected vehicle sales, underscoring the importance of cybersecurity for OEMs and consumers alike.
However, with increased connectivity comes heightened vulnerability. From combating data breaches to nullifying threats that endanger passenger safety, cybersecurity is now a critical aspect of automotive innovation.
However, securing connected vehicles is not only about safeguarding against cyberattacks but also about building consumer trust and accelerating the adoption of next-generation technologies, such as vehicle-to-everything (V2X) and autonomous fleets.
Here are The Strategic Imperatives Accelerating Growth in the Automotive Cybersecurity Industry:
- Regulatory demands and the push for vehicle innovation have made it a top priority for automakers and original equipment manufacturers. In fact, cybersecurity is a cornerstone for the success of technologies like V2X and autonomous driving.
- Automakers and technology providers are forming alliances to address the unique cybersecurity challenges posed by the next wave of automotive technology.
- Strategic initiatives such as proactive threat detection, AI-enabled anomaly detection, and adaptive defense mechanisms are becoming crucial.
Industry Leaders Driving the Future of Automotive Cybersecurity
Explore in great depth what the top 7 leaders in automotive cybersecurity are doing to stay ahead. Download our comprehensive Frost Radar™ report now for valuable insights and a roadmap to success.
– Argus Cyber Security offers a comprehensive portfolio of cybersecurity solutions, including in-vehicle security products, aftermarket car theft protection, vulnerability assessment, and compliance services.
– ETAS GmbH, a German software leader, reported the highest revenue in 2023 among its competitors. The company’s widespread presence across Europe, Asia, and the Americas has solidified its global influence.
- Upstream Security is at the forefront of innovation, with its breakthrough cloud-enabled applications and enhanced automotive cybersecurity solutions.
- AUTOCRYPT stands out with its specialized focus on V2X and electric vehicle (EV) charging security solutions, setting it apart from its competition.
- Karamba Security boasts an impressive client list and has deployed its security solutions in over 800,000 vehicles across 100+ countries.
- Cybellum Technologies excels with its robust product security platform and visionary partnerships across the automotive ecosystem.
- VicOne is extending its solutions to electric buses through a recent partnership with Clientron, highlighting the growth of cybersecurity in commercial EVs.
Perspective from the Frost & Sullivan Automotive Cybersecurity Radar™
Discover how each of the above top 7 ecosystem leaders in automotive cybersecurity is driving growth and innovation in our comprehensive Frost Radar™ analysis. This analysis not only benchmarks these companies but also provides actionable insights for your business:
- Explore how these companies are leveraging transformative megatrends and pioneering new business models.
- Benefit from visually appealing graphs and data showcasing their growth and innovation strategies.
- Understand how AI-powered cybersecurity solutions are revolutionizing vehicle safety.
Don’t miss out on these exclusive perspectives! Download the Frost Radar™ today to see how you can leverage the latest advancements in automotive cybersecurity to drive your business growth.
