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Automotive Manufacturers Set to Revamp Their Vehicle Security System: Here’s Why

In an era of rapid technological advancements, the automotive industry is undergoing a profound transformation. The integration of cutting-edge technologies, such as advanced driver-assistance systems (ADAS), connected car features, and autonomous driving capabilities, has revolutionized the driving experience. However, with these advancements comes an increased vulnerability to cyber threats.  

According to the BIS Research report, the automotive cybersecurity market was valued at $2.76 billion in 2022, and it is expected to grow at a CAGR of 22.97% and reach $17.73 billion by 2031.  

Find more details on this report in this FREE sample. 

As vehicles become more connected and software-driven, the risk of unauthorized access, data breaches, and malicious attacks becomes a pressing concern. 

This is where intrusion detection system (IDS) cybersecurity steps in as a crucial safeguard for automotive manufacturers.  

This blog will help in understanding IDS cybersecurity and why automotive manufacturers are advancing security measures and protocols within their vehicles' electronic systems.  

Increasing Focus on IDS Cybersecurity

For a period of 10 years, a basic technical oversight led to the public availability of vehicle data belonging to millions of Toyota customers in Japan. The data breach affected approximately 2.15 million customers, encompassing almost the entirety of those who had registered for Toyota's primary cloud service platforms since 2012. 

Vehicle manufacturers have increasingly focused on IDS cybersecurity due to several compelling reasons. The integration of advanced technologies and connectivity features in modern vehicles has expanded the attack surface, making them vulnerable to cyber threats.  

 

The IDS-based automotive cybersecurity solution market was valued at $0.25 billion in 2018 and is anticipated to reach $0.86 billion by 2029, growing at a CAGR of 10.84% from 2019 to 2029.  

Breaches in IDS cybersecurity can result in unauthorized access to critical systems, compromising the safety of drivers, passengers, and even pedestrians. It can lead to unauthorized control of vehicle functions, manipulation of sensor data, or interference with critical systems like brakes and steering, posing serious risks to human lives. 

Moreover, governments around the world have imposed regulations and guidelines that mandate automotive manufacturers to implement robust cybersecurity measures. 

Structure of an Automotive IDS
While the specific implementation may vary, here are the common elements found in the structure of an automotive IDS:

Security Sensors: The security sensors consist of software algorithms that identify attacks and relay them as security events to the IDS Manager. 

Intrusion Detection System Manager (IDSM): Within the IDSM, security events undergo qualification filtering to become qualified security events (QSEv) upon meeting specific criteria. 

Security Operations Center (SOC): It employs security experts who assess the credibility of the provided data. 

Security Event Memory (SEM): This allows for the secure storage of security events in a dedicated and specially protected location.

Key Drivers of IDS Cybersecurity

The financial implications of cybersecurity incidents drive manufacturers to prioritize IDS cybersecurity. A successful cyberattack can lead to costly recalls, reputational damage, legal liabilities, and loss of customer trust. Investing in IDS cybersecurity helps mitigate these risks and protect the brand's reputation, avoiding potentially devastating financial consequences. 

In an episode of the Deep Tech Talk Podcast, Shaeque Nazar, a mobility analyst at BIS Research, engages in conversation with David Barzilai, co-founder of Karamba Security, a prominent mobility tech company providing automotive cybersecurity insights. 

Listen to the Podcast Here

Moreover, automotive manufacturers strive to differentiate themselves by offering secure and trusted vehicles to consumers. By prioritizing IDS cybersecurity, manufacturers can gain a competitive advantage, attract safety-conscious consumers, and establish themselves as leaders in the industry.

Conclusion
Automotive manufacturers have recognized that IDS cybersecurity is not just a necessity but a strategic imperative. By proactively addressing cybersecurity risks, they can ensure the safety, reliability, and trustworthiness of their vehicles, fostering customer loyalty and staying ahead in an increasingly connected and digital automotive landscape.

Interested to know more about the developing technologies in your industry vertical? Get the latest market studies and insights from BIS Research. Connect with us at hello@bisresearch.com to learn and understand more.

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