Market Overview

The Internet of Vehicles refers to the network of IoT-enabled vehicles connected through RFID, Bluetooth, and Wi-fi. These vehicles communicate information and integrate updates in order to manage and adjust their current operations. With these dynamic and live changes, the vehicles serve their drivers according to their functional needs.


To the general public, cars aren’t simply just a means of transportation. They are also expected to uphold safety, comfort, convenience, sustainability, and eco-friendliness. This causes the automotive industry to put a greater emphasis on the cars’ digital technology over their mechanical parts. Consequently, newer vehicles are more vulnerable to newer digital threats such as data breaches, unauthorized access, and hacking compared to the classic automobile.


The market expects to grow by 23.16% every year from 2017 to 2025, reaching a value of $9.85 billion USD. According to legal persons, this industry is widely regarded by most major technology companies to be the next catalyst of growth in the semiconductor industry; whether it’s NVIDIA, Google, or Microsoft, everybody is partially invested in building autonomous cars. Additionally, there were also breakthroughs this year with increased car battery capacity, lifespan, and safety reducing costs for developing electric vehicles. All the factors above contribute to accelerating the proliferation of the electric car, leading to worldwide growth of the semiconductor market for cars.

[Ref: Mordor Intelligence, Allied market research, Cision PR news]

Security Application


Picture this: You’re on the road with the latest model self-driving car. Suddenly, an unknown malicious agent hacks into your system causing you to swerve out of control. You try to regain control and switch to manual mode but by the time your hands reach the steering wheel, somebody is already at death’s door. Aside from needing a competent system, driverless cars must be resistant to third-party cyberattacks and be able to stay in control.


In order to meet security regulations, the smart car’s components, from the basic processors and sensors to the complex algorithms and prevention systems, need to be appropriately authorized and certified. The top priority would be to implement cybersecurity measures, anti-counterfeiting systems, and secure supply chains.


This is where PUFsecurity’s PUF-based security functions come in handy. By relying on NeoPUF’s completely unpredictable randomness and its remarkable stability under different voltages and extreme temperatures (-40°C-150°C), smart cars can have reliable performance regardless of the environment that they’re operating in. We can integrate PUF onto a car’s security system by applying our UID onto its parts, our encryption methods onto the car’s transmission systems, and our authentication functions onto the car’s login systems. Security IPs based on our NeoPUF are not only easy to adopt but also use less power. Furthermore, NeoPUF-based solutions reduce the burden that multi-layered security design brings and help clients achieve a balance between security and operating efficiency.

Security Level

As the technology behind autonomous cars matures, the number of electronic components used for the cars’ self-driving system and security protocol increases to handle their detection systems and real-time reaction control. At this point, the reliability of a vehicle’s security system depends on its ability to protect its electronic components from cyberattacks. Since digital certificates and anti-counterfeiting ability are crucial, we recommend considering security from FIPS Level 1 to Level 4, which refers to the ability for protection, detection, reaction, and recover.