Automotive Cybersecurity - Role of Cyber Security in Automotive Industry

The global automotive cybersecurity market is projected to witness significant growth during the forecast period, owing to the growing demand for connected vehicles and the need for end-to-end cybersecurity in these vehicles. The market growth is also expected to be boosted by the increasing awareness about vehicle safety and safe driving and the growing emphasis on the inclusion of security solutions in the new vehicles sold.

On the basis of vehicle, the automotive cybersecurity market has been classified into electric and conventional vehicles. Of the two, faster growth in the market during the forecast period is expected from electric vehicles. With governments across the world focusing on vehicle electrification and supporting the same through favorable schemes and financial incentives, the market for electric vehicles is expected to grow considerably in the coming years.

Based on network topology, the automotive cybersecurity market has been categorized into in-vehicle and cloud services.

Based on application, the automotive cybersecurity market has been divided into telematics, vehicle powertrain, infotainment, safety, and body control and comfort system.

Market Dynamics
Trends:
The major trends witnessed in the automotive cybersecurity market are technological advancements in the areas of internet of things (IoT) and vehicle connectivity; collaborations between automakers and security solution providers; and increasing investments by start-ups toward product development. Besides, the growing number of acquisitions of security solution start-ups by tier-1 suppliers is an important trend observed in the market. For instance, in August 2018, NNG LLC, a vendor of automotive navigation and infotainment solutions, acquired majority of shares in the automotive cybersecurity company ARILOU Information Security Technologies.

Driver:
With the rising demand for connected vehicles, the threat of potential cyberattacks has increased in the automotive industry. This has led to a substantial increase in demand for cybersecurity solutions in connected vehicles. Having anticipated the potential cybersecurity attacks, the automakers have started working closely with technology providers to develop and implement tactical security measures in automobiles. They are collaborating with established players and new entrants (mostly start-ups) in the cybersecurity industry to work toward mitigating potential cybersecurity risks and bringing innovation in their product offerings. Also, the penetration of security and safety solutions in new vehicles is on the rise. Thus, increase in demand for cybersecurity solutions, coupled with end-user preference for vehicle connectivity features, is expected to drive the growth of automotive cybersecurity market in the near future.

Market Competitive Landscape
The global automotive cybersecurity market is still in its nascent stage and is witnessing the entry of new players (start-ups) in addition to mergers and acquisitions and cross-industry partnerships as part of the business growth plans of the players operating within. Some of the key players in the industry are TowerSec Inc. (a Harman International Industries Inc. company), Karamba Security Ltd., Trillium Secure Inc., Upstream Security Ltd., SafeRide Technologies Ltd., Argus Cyber Security Ltd. (a Continental AG company), Robert Bosch GmbH, Vector Informatik GmbH, Denso Corporation, Aptiv PLC, NRI SecureTechnoloiges Ltd., NXP Semiconductors, and ARILOU Information Security Technologies (a part of NNG LLC).

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What are the key strategies adopted by the major players to expand Hexamine Market share ?

The increasing requirement for hexamine in various sectors, such as rubber, fuel, pharmaceutical, and explosives, is positively impacting the hexamine niche. Hexamine is a white, crystalline compound that is formed by the chemical combination of formaldehyde with amine. The increasing population is resulting in the rising poverty rate due to the mismanagement of resources. This is causing an increase in urinary tract infections and neurological disorders. Hexamine is prescribed as an antibiotic to treat bacteriuria in such patients. 

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The compound is also used in the production of vulcanized rubber tires. The automobile sector is expanding on account of the increasing vehicle sales due to the growing disposable income. Another factor aiding in the hexamine niche progress is the use of the compound by the plastics sector for manufacturing plastic sewage pipes used in construction projects. Hence, the hexamine niche is projected to advance during the forecast period due to the growth in the end-use sectors.

The unstabilized grade is the dominant type in the hexamine market, with an estimated contribution of more than 85.0% revenue in 2017. This can be attributed to the wide use of the chemical in the preservation of hides, as cross-linking agent for hardening phenol-formaldehyde resins and vulcanizing rubber, as corrosion inhibitor for steel, as dye fixative, and as urinary antiseptic, besides others.

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Of all application categories in the hexamine market, resin accounted for the highest consumption of the chemical, with a contribution of more than 50% in 2017. This is attributed to the fact that it acts as an important component in thermosetting the resin production by working as a curing agent.

This chemical is used in the synthesis of plastics, and construction and packaging industries are the major end users of plastics. With the rise in population, there has been an increase in the construction projects, especially the sewage projects, attributing to the increased use of plastic pipes. Also, there has been rapid increase in the use of plastics from the packaging industry, owing to the expanding food, beverages, and pharmaceuticals industries. The increasing use of plastics from the construction and the packaging industries is expected to stimulate the hexamine market growth in the coming years.

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Silane Sector to Grow Due to Expanding End-Use Base

The expanding automotive and construction domains are contributing to the growth of the silane sector. Advantages of silane include UV resistance, chemical and water resistance, and superior adhesion. The limitations of conventional paints and coatings are overcome using silane, as it acts as a pigment-treating, crosslinking agent, and adhesion promoter. This is why the automotive and construction domains are preferring silane-treated paints and coatings over traditional ones.

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Water-based coatings are increasingly being bought by end users as these last longer in poorly ventilated areas and confined spaces and also because of their environmental-friendly nature, which is why these are preferred in the printing domain. Apart from paints and coatings, silane is also used extensively in the production of rubber that is used in manufacturing tires. Silane-fortified rubber offers reduced fuel consumption, and superior traction and longevity. Therefore, the silane sector is expected to grow owing to the increasing use of silane-based products in various end-use domains.

Paints and coatings dominated the silane market in 2017, with more than 30.0% volume share. Silane is widely used as a raw material in the production of anti-corrosion coatings. These coatings are used in buildings, automobiles, industrial machinery, and electronics. Hence, the growing usage of paints and coatings in these industries is expected to boost the silane market growth in the coming years.

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Globally, APAC held the largest share in the silane market during the historical period, contributing more than 50.0% share in terms of volume in 2017. The market in the region is expected to grow at a significant rate in the coming years, on account of the presence of fast-growing economies such as China, India, and Japan, which are generating high demand for the chemical for the manufacturing of paints and coatings, and rubber and plastics. The silane market in the region is also expected to grow on account of the increased demand for the chemical in the automotive and construction industries.

Countries such as China, India, and Indonesia have witnessed rapid economic transformation in the past few decades. The rising standard of living in these developing countries is well complemented by the growth of construction and automotive industries. Since these industries are major end users of paints and coatings, they contribute to the demand for silane, as it is a key raw material used in the production of paints and coatings. Hence, developing countries are offering ample growth opportunities to the players in the silane market.

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Rising Need for Advanced Healthcare Systems Augmenting the EHR Market Growth

The global EHR market was valued at $22.3 billion in 2017 and is estimated to progress at a CAGR of 5.4% during the forecast period 2018–2023. Rising need for an advanced healthcare information system, increasing investments by healthcare IT players, growing demand for better healthcare facilities, and surging government initiatives are the key factors driving the growth of the market.

Electronic health record (EHR) is a systematized collection of a patient’s health data in the digital format. The data includes all the details, such as the patient’s medical history, medication, treatment plans, diagnoses, immunization dates, radiology images, allergy information, and pathology test results. This data helps healthcare providers take an informed decision about the patient’s care while sitting in any corner of the world.

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An integrated healthcare information system offers better healthcare quality by supporting clinical decision making, digitizing patient records, and enabling coordinated patient care. It has been noted that dispersed healthcare information (associated with diagnosis, billing, and administrative data, medical history, patient demography, and medication) and the coordination gap between healthcare professionals and patients often degrade the quality of healthcare and increases the overall treatment cost. Thus, there is a requirement for integrated healthcare information systems to minimize medical errors and provide better patient care, which is boosting the electronic health record market.

The report further stated that over 78.0% of all REC-enrolled PPCPs or 112,804 providers had exhibited meaningful use (MU) of certified EHR technology (CEHRT) in areas, including e-prescribing, clinical quality reporting, and medication reconciliation, thereby improving the overall patient care. A key driver of EHR implementation here has been the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009. Via the EHR Incentives Programs, it offers incentives to healthcare professionals who adopt and display the meaningful use of the technology, thus aiding in the EHR market growth.

Now, talking of market insights, the domain has been segmented by delivery mode, component, end user, and region. On the basis of delivery mode, the market is classified into on-premises and web/cloud-based server. Out of these, the web/cloud-based category accounted for the largest share (51.0%) in the electronic health record market in 2017. A number of advantages, such as low maintenance and infrastructure requirements, low licensing and start-up cost, and wider accessibility, are escalating the demand for web/cloud-based EHR. In addition, a web-based EHR offers higher productivity along with faster and smoother implementation.

Hence, advancements in technology, such as integrated healthcare information system, and increasing replacement rate of traditional data storage system with digital variants are predicted to propel the growth of the electronic health record market.

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Construction Chemicals Market Displaying Healthy Growth Potential

The worldwide construction chemicals market is growing due to rapid urbanization and increasing focus on green buildings. P&S Intelligence recently calculated the value of the domain in 2017 as $55,111.6 million and its forecast period (2018–2023) CAGR to be 6.5%. It is also being expected that by 2023, the sale of such chemicals would generate a revenue of $80,025.4 million. In simple terms, construction chemicals are those that are added to base materials, including concrete and cement, to enhance their strength and durability.

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When segmented by type, concrete admixtures, adhesives, sealants, asphalt modifiers, protective coatings, and others would be the different market categories. Among these, concrete admixtures was the dominating category in 2017, with over 40.0% sales volume share. One of the reasons for their high demand in the construction chemicals market has been that these modify the properties of set concrete, thereby helping reduce construction costs. For instance, their addition to concrete can reduce the water requirement by up to 10.0%.

Across the world, Asia-Pacific (APAC) was the largest construction chemicals market in 2017, accounting for over 35.0% of the total sales. Countries, such as China, India, and Japan, have witnessed a massive growth in construction activities in the past few years. People are migrating to the cities at a high rate in search of employment, education, and a better lifestyle, which is raising the requirement for their long-term accommodation. The governments in these nations are avidly supporting infrastructural development, and the residential sector is also expanding due to the increasing middle-class population. 

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Further, the current trend has been a growing use of construction chemicals in developing countries. As a large number of such nations are in APAC, the growth of the real estate sector here is expected to positively impact the global construction chemicals market. Now, the expansion of the construction industry is itself being triggered by the growing population. As per the United Nations, the population of APAC is expected to grow to 4.3 billion by 2023! Owing to these factors, APAC will also be the fastest growing market during the forecast period, during which it will advance at a 7.1% CAGR.

Apart from population growth and rapid urbanization, another factor aiding the progress of the construction chemicals market is an increasing awareness about green buildings. Construction chemicals, as already noted above, can reduce the water requirement during construction. Apart from this, these also aid in conserving energy, which is a significant requirement considering environmental degradation. An increasing number of countries are making adherence to green building standards, such as the Leadership in Energy and Environmental Design (LEED) certification, mandatory, thereby, raising the demand for construction chemicals.

Thus, it is clear that the growing population of APAC will be one of the major drivers of the domain across the globe in the coming years.

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Increasing Use of Environment-friendly Industrial Coatings Helping the UV Curable Resins Market Progress

The global UV curable resins market, in 2017, generated a revenue of $3,473.9 million and is projected to grow to $5,403.9 million by 2023 at a CAGR of 7.7% during the forecast period (2018–2023). The key growth factors of the market are an increasing use of environmental-friendly industrial coatings and rising requirement for UV-curable inks for packaging purposes. UV curing is a process, wherein a light source is used to cure or start a photochemical reaction to crosslink the polymers in inks, coatings, and adhesives, which, by definition, are called UV curable resins.

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On the basis of formulation, photoinitiators, monomers, oligomers, and others are the various categories of the UV curable resins market. Out of these, in 2017, oligomers accounted for the highest sales volume share, of more than 45.0% in the market. The benefits associated with the use of oligomers include good chemical resistance, high gloss, fast curing, and relatively low cost. Coming to the application, inks, adhesives, coatings, and others are the various domain subdivisions.

Out of these, in 2017, coatings held more than 45.0% sales volume share in the UV curable resins market, as UV curing resin-based coatings offer excellent and quick surface finishing, good wear and household chemical resistance, and enhanced outdoor durability. That’s why, UV resin-based coatings are used for mobile phones, laptops, and video game consoles. Further, the instant crosslinking feature of coating polymers under UV light saves time and money along with making the application of several layers of coating in one time possible.

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Talking about the end user segment, the UV curable resins market is categorized into graphic arts, electronics, industrial coatings, and others. Among all, in 2017, industrial coatings was the largest category in the market, registering more than 55.0% sales volume share. Nowadays, regulatory bodies have made stringent laws, such as the Solvent Emissions Directive and Decopaint Directive, focusing on minimizing the solvent emissions from the coating process. These laws are resulting in the use of environmental-friendly industrial coatings, which, in turn, is boosting the growth of the market in this category.

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Now, it has been witnessed that traditional inks, adhesive, and coatings have hydrocarbon solvents, which, at the time of being cured, release hydrocarbons. These hydrocarbons further contain volatile organic compounds (VOC), which are carcinogenic, meaning that these have the potential to cause cancer. The danger associated with such VOCs has pushed the governments of several countries to adopt stringent laws for controlling their release in the environment. Unlike conventional products, UV-curable products do not emit VOCs and cause less impact on the environment, leading to the UV curable resins market progress.

Hence, increasing awareness about environment degradation across the world is propelling the growth of the market.

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North American Autonomous Car Market Heating Up

The North American fully autonomous car market is expected to reach $52.3 billion by 2030, growing at a CAGR of 17.1% during the period 2023–2030. Increasing research and development (R&D) activities for the development of autonomous cars, evolution in connected car technology, need for safe and efficient driving options, and support of federal and state governments ensuring the growth of these cars are some of the major factors fueling the growth of the North American autonomous car market, according to P&S Intelligence.

Road traffic, serious injuries, and deaths are unfortunately a common affair, and the primary cause of road crashes and accidents is human error, which accounts for more than 90% of road accidents. Thus, the emerging need for more efficient and safer driving technology, is driving the growth of the North American autonomous car market.

Insights into market segments

On the basis of vehicle autonomy, the North American autonomous car market has been categorized into semi-autonomous car and fully autonomous car. Between the two, semi-autonomous car dominated the market during the historical period. Level 1 semi-autonomous cars held the market share of over 95% in terms of volume, and also dominated the semi-autonomous car market in 2018. The government regulations for incorporation of necessary safety feature in the car is the major factor for the growth of this category. For instance, the National Highway Traffic Safety Administration (NHTSA) has mandated the use of electronic stability control (ESC) in all passenger vehicles being manufactured since 2012, benefitted the growth of the category.

What are the factors impacting the growth of this market?

1. Increasing number of collaborations and partnerships is a key trend in the market

1. Evolution in connected car technology is acting as a growth driver

Evolution in connected car technology is acting as a growth driver

The demand for connected cars is constantly increasing in North America due to rapid technological advancement and also due to their unique features, including smartphone connectivity with vehicle, road side assistance, traffic and collision warnings, and real-time traffic monitoring, which are not available in conventional passenger cars. The increasing digitization in connected cars is simultaneously fueling the growth of autonomous cars and hence propelling the North American autonomous car market. The integration of autonomous technology in connected cars is comparatively easier as compared to conventional cars, as connected cars need to be equipped with V2V and V2I connectivity, which are two of the necessary requirements for vehicle autonomy.

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U.S. was larger autonomous car market in 2018

The U.S. held larger revenue share in the North American autonomous car market and accounted for higher sales volume in 2018. This is due to the presence of strong customer base, and a large number of original equipment manufacturers (OEMs) of autonomous car in the country that are launching new car models with advanced level of automation.

North America autonomous car market competitive landscape

Some of the major manufacturers operating in the North American autonomous car market are Ford Motor Company, Toyota Motor Corporation, Hyundai Motor Company, General Motors Company, Fiat Chrysler Automobiles N.V., Honda Motor Company Limited, Volkswagen Group, Tesla Inc, BMW Group, and Daimler AG.

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