Thriam
Thriam
LMW
LMW
Rockwell study finds cybersecurity as the top concern among automotive manufacturers
.

Rockwell study finds cybersecurity as the top concern among automotive manufacturers

By June 21, 2024 6:49 pm IST

The Global Survey reveals shifting priorities, increased technology investments, and workforce engagement challenges in the automotive industry.

Rockwell Automation presented the results of the 9th annual “State of Smart Manufacturing Report: Automotive Edition.” The study encompasses the responses of 182 leaders from automotive manufacturers, automotive supply manufacturers, and electric vehicle manufacturers across 15 of the leading manufacturing countries, including India.

The novel report emphasises the automotive industry evolution with a focus on harnessing emergent technology to reduce risk, generate growth, and maximise workforce potential. Automotive manufacturers are acutely aware of the evolution in the era of Industry 4.0, particularly as cyberattacks resulted in $1.99 billion in system downtime costs in the first half of 2023 alone.

Key global findings

Advertising

OEM Android App

Your future advertising space? Our media data

Cybersecurity risk emerged as the primary external challenge for automotive manufacturers in 2024. This was a significant jump from its ninth-place position in 2023. The adoption of smart manufacturing technology continues to rise, with 97% of manufacturers either using or considering its implementation, marking an increase from 85% the previous year. Technology investments increased 35% year-over-year, from 23% to 31% of the operating budget, in line with this trend.

Wearable technology is listed as one of the top ten investment areas for automotive manufacturers in 2024, ranking third overall. Employee engagement stands out as the foremost obstacle faced by manufacturers this year when it comes to workforce challenges. Additionally, reducing manufacturing waste is the factor that matters most to automotive manufacturers in adhering to ESG programmes.

Dilip Sawhney, Managing Director, Rockwell Automation India, said, “In the age of Industry 4.0, cybersecurity is emerging as a major concern for automotive manufacturers. This underscores the industry’s heightened recognition of digital threats and the urgent need for robust cybersecurity measures. As the Indian automotive sector shifts towards electric vehicles, manufacturers can adopt smart technologies to improve resilience, reduce waste, optimise production, and sustainably drive growth.”

Automotive manufacturers are prioritising strategies for workforce retention, upskilling, and engagement. Technologies such as smart manufacturing and automation complement and augment the value brought by employees for positive business outcomes.

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

webinar
webinar

Do you want to advertise here? Contact us

OEM Update QR Code
OEM Update QR Code

Events

India Manufacturing Show
India Manufacturing Show
4th IFFE EXPO 2025
4th IFFE EXPO 2025
Factory Automation Expo 2025
Factory Automation Expo 2025
17th ENGIMACH 2025
17th ENGIMACH 2025
LWOP
LWOP
IFAT India 2025
IFAT India 2025
Laser Engineering Technology Expo
Laser Engineering Technology Expo
Auto EV Bharat 2025
Auto EV Bharat 2025

Our Sponsors

B&R Automation
B&R Automation
Pragati Gears
Pragati Gears
Carl Zeiss India
Carl Zeiss India
Maco-c
Maco-c
igus
igus
Delta Electric
Delta Electric
Ravik Engineers Private Limited
Ravik Engineers Private Limited
Cumi
Cumi
Marvel Machinery
Marvel Machinery
UNP Polyvalves India Pvt Ltd
UNP Polyvalves India Pvt Ltd
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Quality Spares Center
Quality Spares Center
IMTMA- IMTEX 24
IMTMA- IMTEX 24
ACE Micromatic Group
ACE Micromatic Group
Accu Sharp
Accu Sharp
Poonam 3D Prints
Poonam 3D Prints
Chicago Pneumatic Tools
Chicago Pneumatic Tools
Shree Rapid
Shree Rapid
Yash Dynamice
Yash Dynamice
Amsak Cranes
Amsak Cranes
Molygraph
Molygraph
Exorint
Exorint
Exon mobil
Exon mobil