Industry Issues, Transport News

Industry-wide automotive cybersecurity concerns rising 

The results of a new report from Rockwell Automation have cited a rapidly increasing concern in cybersecurity throughout the automotive industry 

Rockwell Automation has announced the results of its ninth annual “state of smart manufacturing report: automotive edition”, with cybersecurity being revealed as a rising top concern among global automotive manufacturers. 

The global study contains the responses of 182 global leaders from a range of automotive manufacturers, automotive supply manufacturers and electric vehicle manufacturers across 15 leading manufacturing countries. 

Cyberattacks resulted in $1.99 billion in system downtime costs in the first half of 2023 alone. 

Vice president of global industry – auto, tire and advanced mobility at Rockwell Automation James Glasson says the results of this year’s survey indicates a need for organisations to ensure they are getting the best value out of their workforce. 

“This year’s report highlights the pressing need for automotive manufacturers to prioritise organizational change management and adopt technologies that enhance the capabilities of their workforce,” he says. 

“As the automotive industry is navigating an era of rapid transformation, setting clear goals and fostering cross-departmental collaboration have emerged as critical factors—and obstacles—for success.” 

Key global findings from the report include: 

  • Cybersecurity risk is listed as the top external obstacle for automotive manufacturers in 2024 – up from ninth position in 2023. 
  • 97 per cent of automotive manufacturers are using or evaluating smart manufacturing technology – up from 85 per cent in 2023. 
  • Technology investments increased 35 per cent year-over-year, from 23 per cent to 31 per cent of the operating budget. 
  • Wearable technology is listed as one of the top 10 investment areas for automotive manufacturers in 2024, ranking third overall. 
  • Employee engagement is the top workforce-related obstacle for automotive manufacturers in 2024. 
  • Reducing manufacturing waste is the factor that matters most to automotive manufacturers’ ESG programs. 

The full results of the report can be seen here. 

Previous ArticleNext Article
  1. Australian Truck Radio Listen Live
Send this to a friend