Global V2X Cybersecurity Market Report By Unit (On Board Units, Roadside Units), By Communication (V2V, V2I, V2C, V2P, V2G), By Service (In Vehicle, External Cloud Services), By Security Type (PKI, Embedded) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for V2X Cybersecurity Market is presumed to reach the market size of nearly USD 8.91 BN by 2030 from USD 2.2 BN in 2022 with a CAGR of 19.1% under the study period 2023 - 2030.

V2X cybersecurity refers to the measures to minimize cyber risks associated with wireless connection technology to new-age vehicles. The V2X is a data exchange medium between vehicle to vehicle and vehicle to infrastructure. It is wireless communication between the vehicle and the surroundings to avoid any unfortunate situations on the road. It helps the driver become aware of the unforeseen dangers on the road and avoid a collision which causes fatal injuries. It communicates between the traffic control and the roadside units to warn about any potential danger on the road. To prevent wireless cyber risk on this medium various security technologies have come up. 

Market Dynamics

Though the V2X cybersecurity market is at a nascent stage of development, the growing investment in the production of connected vehicles has driven its demand. The main market drivers are the demand for data generated from the vehicles, increasing automobile industry cyber-attacks, and complete internet dependency. The possibility of hacking and the misuse of the data recovered from autonomous vehicles led to security concerns about these data. Additional factors, such as the popularity of cloud-based applications and electric vehicles, will drive growth. Leading car companies are now sincerely investing in research on autonomous vehicles. This, in turn, raises the cyber-attacks on these vehicles, which will continue to influence the market in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of v2x cybersecurity. The growth and trends of v2x cybersecurity industry provide a holistic approach to this study. 

Market Segmentation

This section of the v2x cybersecurity market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Unit

• On Board Units
• Roadside Units

By Communication

• V2V
• V2I
• V2C
• V2P
• V2G

By Service

• In Vehicle
• External Cloud Services

By Security Type

• PKI
• Embedded

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the V2X Cybersecurity market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global V2X Cybersecurity Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the V2X Cybersecurity market include ESCRYPT (Germany), OnBoard Security (US), Autotalks (Israel), AutoCrypt (Korea), and Green Hills Software (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.