We are living in a century of ubiquitous connectivity. Day by day, the automotive industry is closing the gap towards achieving autonomous vehicles. The base of the technology is still not future proof and can be hacked to claim people lives.
The number of connected cars is increasing every day. Furthermore, the usage of the operating system and software is also increasing, this further increases the hacking opportunities. This poses a serious threat to the growth of connected and autonomous vehicles.
In the next five to ten years of time, the new bunch of vehicle sold in Europe i.e. approximately 85% will be connected. In the US, the numbers will increase and might lead to more than 90%. Whereas the commercial vehicle will gradually grow in the next 5 years of time.
This will create hindrance for the growth of connected vehicle and will also pose an opportunity for the cybersecurity solutions in automobiles. Thus the automotive cybersecurity will be a billion dollar industry in the next three years of time. Furthermore, the automakers need to look at other companies for cybersecurity solutions. The industry is very slow in addressing the cybersecurity challenge and developing the in house capability to address the challenge.
The autonomous vehicle is the biggest threat in terms of safety and security. And for the cyber-terrorist, it is the killing machine easily available on the roads which can be maneuvered when required. The inadequately secured machine will increase the level of threat in the environment.
The automakers are conscious about the gaps in security and are planning to partner with the companies to develop the solution which provides the security by design. Automakers need to invest in security technology to gain customer trust for vehicle adoption.
The multi-level security protection is required to fulfill the vehicle safety requirement. The security solutions should be based on the vehicle design and the countermeasures should be designed for the machine learning codes. The solution which will win in the future will act on both known and unknown threats in the market.
The companies in the cybersecurity automotive domain need to evolve over time and partnership will be key to achieve the goal of security in autonomous vehicles. Companies such as SafeRide has developed a solution based on machine learning and artificial intelligence. With the help of the solutions, the companies can take into account both known and unknown threats based on the vehicle behavior. The company has formed a strategic partnership with Irdeto which further adds the protection capability to the package. This further makes the SafeRide solution as the most advanced solution in the market.
Collaboration and partnership will be the key to achieve secure autonomous vehicles. The solution should be able to scale based on the unknown threats detected over time. The security space in the automotive domain will witness a lot of mergers and acquisition in the coming years. The automakers are trying to bring the security technology in-house to increase the trust of the end user and to also keep a tab on know-how, this will further fasten the development of autonomous vehicles.