Commercial Vehicles Cybersecurity Market Understanding the Importance of Cybersecurity

According to TechSci Research report, “Global Commercial Vehicles Cybersecurity Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Commercial Vehicles Cybersecurity Market stood at USD 2.7 billion in 2022 and is anticipated to grow with a CAGR of 6.13% in the forecast period, 2024-2028. 

The global commercial vehicle cybersecurity market is witnessing significant growth and transformation as the commercial transportation industry becomes increasingly connected and digitized. With the integration of advanced technologies such as telematics systems, Internet of Things (IoT) devices, and autonomous features, commercial vehicles are more susceptible than ever to cyber threats. These threats encompass a wide range of risks, from data breaches and remote hacking to potential disruptions in fleet operations and even safety hazards.

As a result, there is a growing demand for robust cybersecurity solutions to protect the integrity and security of commercial vehicle systems and data.

The market is responding with innovative cybersecurity measures, including intrusion detection systems, firewall solutions, and over-the-air (OTA) update mechanisms. As the commercial vehicle industry continues to evolve, with the adoption of electric and autonomous vehicles on the horizon, the global commercial vehicle cybersecurity market is poised for continued growth and innovation, driven by the imperative to safeguard vehicles, data, and operations in an increasingly connected and digital landscape.

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The global commercial vehicle cybersecurity market is undergoing a profound transformation, shaped by the dynamic interplay of technological advancements, regulatory imperatives, and evolving cyber threats. This market segment finds itself at the nexus of the automotive and cybersecurity industries, serving as a crucial safeguard against the growing spectrum of digital threats facing commercial vehicles. The ubiquity of connectivity and digitization in modern commercial vehicles is both a boon and a challenge. Fleets now rely on telematics systems, IoT devices, and advanced software for efficient fleet management and route optimization. However, this connectivity also creates an expanded attack surface for cyber threats. As commercial vehicles become more interconnected, the demand for robust cybersecurity solutions to protect against unauthorized access, data breaches, and disruptions in operations is on the rise.

The global rise in cyber threats targeting commercial vehicles is a potent driver for cybersecurity solutions. Cybercriminals are drawn to the transportation industry due to the potential for financial gain and operational disruption. Ransomware attacks, data breaches, and remote vehicle hacking attempts can lead to financial losses and safety hazards.

This escalating threat landscape necessitates continuous innovation in cybersecurity solutions to counter these evolving risks effectively. Governments and regulatory bodies worldwide are imposing stricter cybersecurity regulations on commercial vehicle manufacturers and operators. The UNECE WP.29 regulation and ISO 21434 standard are examples of efforts to standardize cybersecurity guidelines for the automotive industry.

Compliance with these regulations is mandatory and vital for maintaining consumer trust. This regulatory environment drives the demand for compliance-focused cybersecurity solutions tailored to meet specific standards.

The commercial vehicle landscape is evolving with the increasing adoption of electric and autonomous vehicles. Electric vehicles (EVs) rely on complex battery management systems and charging infrastructure, while autonomous vehicles (AVs) are heavily dependent on data from sensors and cameras for safe navigation. These technologies introduce new cybersecurity challenges. Solutions are needed to secure EV battery systems, protect communication channels, and ensure the safety of AV operations, contributing to market growth.

Awareness of cybersecurity risks in the commercial vehicle industry is growing among fleet operators, OEMs, and stakeholders. High-profile cyberattacks on commercial fleets have underscored the importance of robust security measures. This heightened awareness is driving investments in cybersecurity. Fleet operators are incorporating cybersecurity considerations into their procurement criteria, demanding secure systems from vehicle manufacturers and technology suppliers. This shift is fostering innovation and competition among cybersecurity solution providers and promoting the adoption of proactive cybersecurity measures.

Major companies operating in the Global Commercial Vehicles Cybersecurity Market are:

• Intel Corporation
• Escrypt Embedded Systems
• Arilou Commercial Vehicles Cybersecurity
• DENSO CORPORATION
• Continental AG,
• HARMAN International
• Robert Bosch GmbH
• Cisco Systems Inc.
• Argus Cyber Security
• Karamba Security

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“The global commercial vehicle cybersecurity market is experiencing rapid growth due to the increasing connectivity and digitization of commercial vehicles. With the integration of advanced technologies, such as telematics, IoT devices, and autonomous features, commercial vehicles have become vulnerable to cyber threats. The escalating cyber threat landscape, stringent regulatory requirements, and the adoption of electric and autonomous vehicles are driving the demand for robust cybersecurity solutions. Fleet operators and manufacturers are prioritizing cybersecurity to protect against data breaches, operational disruptions, and safety hazards. This market's growth is further fueled by heightened awareness and investments in cybersecurity measures. As the commercial vehicle industry evolves, the need for comprehensive cybersecurity solutions remains paramount to ensure the integrity and security of commercial vehicle systems and data.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Commercial Vehicles Cybersecurity Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Cars, Commercial Vehicles), By Security Type (Application, Network, Endpoint), By Application Type (ADAS & Safety System, Infotainment, Body Electronics, Powertrain, Telematics), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Commercial Vehicles Cybersecurity Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Commercial Vehicles Cybersecurity Market.

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Table of Content-Commercial Vehicles Cybersecurity Market 

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of theStudy

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Commercial Vehicles Cybersecurity Market
5. Global Commercial Vehicles Cybersecurity Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Security Type Market Share Analysis (Application, Network, Endpoint)

5.2.2. By Application Type Market Share Analysis (ADAS & Safety System, Infotainment, Body Electronics, Powertrain, Telematics)

5.2.3. By Regional Market Share Analysis

5.2.3.1. Asia-Pacific Market Share Analysis

5.2.3.2. Europe & CIS Market Share Analysis

5.2.3.3. North America Market Share Analysis

5.2.3.4. South America Market Share Analysis

5.2.3.5. Middle East & Africa Market Share Analysis

5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2022)

5.3. Global Commercial Vehicles Cybersecurity Market Mapping & Opportunity Assessment

5.3.1. By Security Type Market Mapping & Opportunity Assessment

5.3.2. By Application Type Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Commercial Vehicles Cybersecurity Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Security Type Market Share Analysis

6.2.2. By Application Type Market Share Analysis

6.2.3. By Country Market Share Analysis

6.2.3.1. China Market Share Analysis

6.2.3.2. India Market Share Analysis

6.2.3.3. Japan Market Share Analysis

6.2.3.4. Indonesia Market Share Analysis

6.2.3.5. Thailand Market Share Analysis

6.2.3.6. South Korea Market Share Analysis

6.2.3.7. Australia Market Share Analysis

6.2.3.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Commercial Vehicles Cybersecurity Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Security Type Market Share Analysis

6.3.1.2.2. By Application Type Market Share Analysis

6.3.2. India Commercial Vehicles Cybersecurity Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Security Type Market Share Analysis

6.3.2.2.2. By Application Type Market Share Analysis

6.3.3. Japan Commercial Vehicles Cybersecurity Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Security Type Market Share Analysis

6.3.3.2.2. By Application Type Market Share Analysis

6.3.4. Indonesia Commercial Vehicles Cybersecurity Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Security Type Market Share Analysis

6.3.4.2.2. By Application Type Market Share Analysis