Market Trends of Europe ICS Industry
Automotive Sector to Drive Market Growth
- The automotive sector is among the major industries with a significant share of automated manufacturing facilities worldwide. The production facilities of different automakers are automated to maintain efficiency. The increasing trend of substituting conventional vehicles with electric vehicles (EVs) is anticipated to augment demand from the automotive sector further. For instance, Europe's projected electric vehicle sales are expected to reach 6.33 million units by 2025, followed by China with 4.84 million units, according to UBS.
- Artificial intelligence has completed automotive assembly lines more productive, efficient, and cost-effective. Industrial robotics on the shop floor, mainly cylindrical robots, have changed automobile production by automating manufacturing.
- The E2EW series is optimized to withstand the extreme conditions of traditional automotive welding processes owing to the fluororesin coating giving improved spatter resistance. The new sensors also support IO-Link capabilities, allowing real-time data gathering on proximity sensors' detection levels & temperature changes from a single location. These sensors are also broadly employed in industrial sensors to detect long-range distances, collision avoidance, determine the size of objects, navigation, and others.
- The International Automotive Components (IAC) implemented Manufacturing 4.0 & smart factory applications at the UK site in Halewood, England. This application installed smart logistics, cross-company integration, & collaborative robots (cobots). Also, German auto parts manufacturer Bosch has invested around EUR 31 million (USD 32.8 million) at its Indian plant to develop Industry 4.0 solutions.
- According to ACEA (European Automobile Manufacturers Association), around forty-four percent of new car registrations in the European Union (EU) were electrified to some degree in 2022. New registrations of battery electric vehicles increased by about twenty-eight percent to reach some 1.12 million units, while diesel & petrol registrations slumped. As of 2022, approx. Sixteen percent of newly registered passenger cars in the European Union were running on diesel, and approx thirty-six percent were fueled by petrol.
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Rising Incidence of Cyberattacks is Among the Factors Driving the Market
- According to IBM's X-Force Threat Intelligence Index 2022, the threat targets on ICS and Operational Technologies (OT) assets have increased. For instance, between January and September of 2021, X-Force observed a 2204% increase in malicious reconnaissance activity targeting port 502. Most of these targets used a combination of known vulnerabilities within ICS hardware components, supervisory control and data acquisition (SCADA), and brute-force login tactics such as password-spraying attacks.
- A survey conducted by ARC Advisory Group on the state of cybersecurity of Industrial Control Systems (ICS) recently indicated that around 70% of companies predict an attack on their OT/ICS infrastructure to be very likely. Siemens and Ponemon Institute conducted research and also found similar results. The survey results indicate that OT had a higher chance of cyberattack than IT. About 54% of respondents expect to be stuck with at least one cyberattack on critical infrastructure within the next few years.
- With cyberattacks increasing in smart factories in the US, there is growing concerned about using Industrial Control Systems, and the government has strategies to curb the rise of such crimes, which is aligned with the increasing usage of industrial control systems manufactured in the country for smart factories to prevent the risk of cybersecurity breaches. Companies like Panasonic North America offer complete smart manufacturing solutions, including ERP.
- According to ENISA, between April 2020 and July 2021, European public administrations were the target of 198 cyber incidents, making them the biggest targeted sector. Digital service providers were second on the list, with 152 incidents. The financial sector was fifth, with 97 cyber incidents. Such factors allow the market vendor to grow in the region.
- Hence, over the past few years, oil and gas companies have invested heavily in cybersecurity technologies, such as incident response solutions and software capable of collecting logs in ICS environments to enhance visibility and segmenting networks, prevent lateral movement, and eliminate imminent threats.
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