V2X Cybersecurity Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of V2X Cybersecurity Market
The global V2X cybersecurity market size was valued at USD 1.48 billion in 2023. The market is projected to grow from USD 1.74 billion in 2024 to USD 7.73 billion by 2032, exhibiting a CAGR of 20.5% during the forecast period from 2024 to 2032.
The COVID-19 pandemic virtually driven industries, transportation covered, to go virtual fast. With anybody speaking approximately linked vehicles and smart transportation, there may be been a huge call for for V2X solutions, particularly for cybersecurity. And with so many oldsters running from home, there may be been a real focus on securing faraway connections and distributed systems, that can additionally affect how we think about V2X cybersecurity.
V2X cybersecurity market is on the rise as it's all about making our roads safer. With V2X tech, cars can communicate with every other in actual time, dodging injuries and sharing info about avenue conditions and site visitors. And with V2X cybersecurity inside the mix, it is like having an extra layer of safety to maintain matters strolling easily on the street.
The v2x cybersecurity marketplace is seeing a boost thanks to the upward push of C-V2X in self-driving automobiles. With 5G networks rolling out and C-V2X tech onboard, these vehicles can speak to each different, infrastructure, pedestrians, you name it. This allows them stay secure, make smarter riding selections, or even avert traffic jams. Plus, C-V2X groups up well with other sensors like lidar and radar, giving cars an excellent better picture of what is happening around them.
Comprehensive Analysis of V2X CybersecurityMarket
Segmentation in the V2X Cybersecurity market share is driving the market because it allows companies to target specific customer groups with tailored services and solutions. The market for V2X cybersecurity is divided into several segments. Connectivity is first; consider DSRC and Cellular. The many forms of units, like On-board Units (OBU) and Roadside Units (RSU), come next. The several sorts of conversation are as follows: Vehicles may be related to infrastructure (V2I), the cloud (V2C), pedestrians (V2P), and vehicles(V2V). The final category is automobile kind, which covers both private and commercial enterprise motors.
Due to the fact that China and Japan are pioneering the usage of V2X technology, Asia Pacific leads the market in this regard. Particularly with the new 5G networks, they are testing its functionality. Faster networks improve communication, but in order to keep everything secure, we also need greater cybersecurity.
Key players in the V2X cybersecurity market drive expansion through strategic partnerships, acquisitions, and innovative products, aiming to maintain dominance across regions and enhance global service reach. Infineon Technologies AG (Germany), Qualcomm Technologies, Inc. (U.S.), NXP Semiconductors (Netherlands), AUTOCRYPT Co., Ltd. (South Korea), Lear Corporation (U.S.), Continental AG (Germany), Autotalks Ltd. (Israel), Yunex Traffic (Germany), Commsignia Ltd. (U.S.), and Karamba Security (U.S.) are leading the way.
In December 2023 Autocrypt Co., Ltd. teamed up with Hitachi Solutions, Ltd., an IT offerings provider, aiming to offer their V2X safety way to Japanese automotive OEMs and tier suppliers. This collaboration pursues to beautify cybersecurity measures within Japan's automobile enterprise, fostering more secure V2X conversation systems.
Segmentation Table
Global V2X Cybersecurity Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 48.6% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Account Type
Personal
Business
By Service
Savings/Checking Accounts
Payments & Money Transfers
Mobile Banking
Loans/Insurance/Investments
Others (Safe Deposit Boxes, Money Management Tools)
By Region
North America (By Account Type, Service, and Country)
- U.S.
- Canada
- Mexico
South America (By Account Type, Service, and Country)
- Brazil
- Argentina
- Rest of South America
Europe (By Account Type, Service, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Middle East & Africa (By Account Type, Service, and Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Asia Pacific (By Account Type, Service, and Country)
- China
- Japan
- India
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global V2X Cybersecurity Key Players Market Share/Ranking, 2023
- 5. Global V2X Cybersecurity Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Connectivity (USD)
- 5.2.1. DSRC
- 5.2.2. Cellular
- 5.3. By Unit Type (USD)
- 5.3.1. On-board Unit (OBU)
- 5.3.2. Roadside Unit (RSU)
- 5.4. By Communication (USD)
- 5.4.1. Vehicle-to-Vehicle (V2V)
- 5.4.2. Vehicle-to-Infrastructure (V2I)
- 5.4.3. Vehicle-to-Pedestrian (V2P)
- 5.4.4. Vehicle-to-Cloud (V2C)
- 5.5. By Vehicle Type (USD)
- 5.5.1. Commercial Vehicle
- 5.5.2. Passenger Car
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Rest of the World
- 6. North America V2X Cybersecurity Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Connectivity (USD)
- 6.2.1. DSRC
- 6.2.2. Cellular
- 6.3. By Unit Type (USD)
- 6.3.1. On-board Unit (OBU)
- 6.3.2. Roadside Unit (RSU)
- 6.4. By Communication (USD)
- 6.4.1. Vehicle-to-Vehicle (V2V)
- 6.4.2. Vehicle-to-Infrastructure (V2I)
- 6.4.3. Vehicle-to-Pedestrian (V2P)
- 6.4.4. Vehicle-to-Cloud (V2C)
- 6.5. By Vehicle Type (USD)
- 6.5.1. Commercial Vehicle
- 6.5.2. Passenger Car
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.2. Canada
- 7. Europe V2X Cybersecurity Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Connectivity (USD)
- 7.2.1. DSRC
- 7.2.2. Cellular
- 7.3. By Unit Type (USD)
- 7.3.1. On-board Unit (OBU)
- 7.3.2. Roadside Unit (RSU)
- 7.4. By Communication (USD)
- 7.4.1. Vehicle-to-Vehicle (V2V)
- 7.4.2. Vehicle-to-Infrastructure (V2I)
- 7.4.3. Vehicle-to-Pedestrian (V2P)
- 7.4.4. Vehicle-to-Cloud (V2C)
- 7.5. By Vehicle Type (USD)
- 7.5.1. Commercial Vehicle
- 7.5.2. Passenger Car
- 7.6. By Country (USD)
- 7.6.1. United Kingdom
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Rest of Europe
- 8. Asia Pacific V2X Cybersecurity Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Connectivity (USD)
- 8.2.1. DSRC
- 8.2.2. Cellular
- 8.3. By Unit Type (USD)
- 8.3.1. On-board Unit (OBU)
- 8.3.2. Roadside Unit (RSU)
- 8.4. By Communication (USD)
- 8.4.1. Vehicle-to-Vehicle (V2V)
- 8.4.2. Vehicle-to-Infrastructure (V2I)
- 8.4.3. Vehicle-to-Pedestrian (V2P)
- 8.4.4. Vehicle-to-Cloud (V2C)
- 8.5. By Vehicle Type (USD)
- 8.5.1. Commercial Vehicle
- 8.5.2. Passenger Car
- 8.6. By Country (USD)
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. South Korea
- 8.6.5. Rest of Asia Pacific
- 9. Rest of the World V2X Cybersecurity Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Connectivity (USD)
- 9.2.1. DSRC
- 9.2.2. Cellular
- 9.3. By Unit Type (USD)
- 9.3.1. On-board Unit (OBU)
- 9.3.2. Roadside Unit (RSU)
- 9.4. By Communication (USD)
- 9.4.1. Vehicle-to-Vehicle (V2V)
- 9.4.2. Vehicle-to-Infrastructure (V2I)
- 9.4.3. Vehicle-to-Pedestrian (V2P)
- 9.4.4. Vehicle-to-Cloud (V2C)
- 9.5. By Vehicle Type (USD)
- 9.5.1. Commercial Vehicle
- 9.5.2. Passenger Car
- 10. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 10.1. Infineon Technologies AG
- 10.1.1. Overview
- 10.1.1.1. Key Management
- 10.1.1.2. Headquarters
- 10.1.1.3. Offerings/Business Segments
- 10.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.1.2.1. Employee Size
- 10.1.2.2. Past and Current Revenue
- 10.1.2.3. Geographical Share
- 10.1.2.4. Business Segment Share
- 10.1.2.5. Recent Developments
- 10.2. Qualcomm Technologies, Inc.
- 10.2.1. Overview
- 10.2.1.1. Key Management
- 10.2.1.2. Headquarters
- 10.2.1.3. Offerings/Business Segments
- 10.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.2.2.1. Employee Size
- 10.2.2.2. Past and Current Revenue
- 10.2.2.3. Geographical Share
- 10.2.2.4. Business Segment Share
- 10.2.2.5. Recent Developments
- 10.3. NXP Semiconductors
- 10.3.1. Overview
- 10.3.1.1. Key Management
- 10.3.1.2. Headquarters
- 10.3.1.3. Offerings/Business Segments
- 10.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.3.2.1. Employee Size
- 10.3.2.2. Past and Current Revenue
- 10.3.2.3. Geographical Share
- 10.3.2.4. Business Segment Share
- 10.3.2.5. Recent Developments
- 10.4. AUTOCRYPT Co., Ltd.
- 10.4.1. Overview
- 10.4.1.1. Key Management
- 10.4.1.2. Headquarters
- 10.4.1.3. Offerings/Business Segments
- 10.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.4.2.1. Employee Size
- 10.4.2.2. Past and Current Revenue
- 10.4.2.3. Geographical Share
- 10.4.2.4. Business Segment Share
- 10.4.2.5. Recent Developments
- 10.5. Lear Corporation
- 10.5.1. Overview
- 10.5.1.1. Key Management
- 10.5.1.2. Headquarters
- 10.5.1.3. Offerings/Business Segments
- 10.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.5.2.1. Employee Size
- 10.5.2.2. Past and Current Revenue
- 10.5.2.3. Geographical Share
- 10.5.2.4. Business Segment Share
- 10.5.2.5. Recent Developments
- 10.6. Continental AG
- 10.6.1. Overview
- 10.6.1.1. Key Management
- 10.6.1.2. Headquarters
- 10.6.1.3. Offerings/Business Segments
- 10.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.6.2.1. Employee Size
- 10.6.2.2. Past and Current Revenue
- 10.6.2.3. Geographical Share
- 10.6.2.4. Business Segment Share
- 10.6.2.5. Recent Developments
- 10.7. Autotalks Ltd.
- 10.7.1. Overview
- 10.7.1.1. Key Management
- 10.7.1.2. Headquarters
- 10.7.1.3. Offerings/Business Segments
- 10.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.7.2.1. Employee Size
- 10.7.2.2. Past and Current Revenue
- 10.7.2.3. Geographical Share
- 10.7.2.4. Business Segment Share
- 10.7.2.5. Recent Developments
- 10.8. Yunex Traffic
- 10.8.1. Overview
- 10.8.1.1. Key Management
- 10.8.1.2. Headquarters
- 10.8.1.3. Offerings/Business Segments
- 10.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.8.2.1. Employee Size
- 10.8.2.2. Past and Current Revenue
- 10.8.2.3. Geographical Share
- 10.8.2.4. Business Segment Share
- 10.8.2.5. Recent Developments
- 10.9. Commsignia Ltd.
- 10.9.1. Overview
- 10.9.1.1. Key Management
- 10.9.1.2. Headquarters
- 10.9.1.3. Offerings/Business Segments
- 10.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.9.2.1. Employee Size
- 10.9.2.2. Past and Current Revenue
- 10.9.2.3. Geographical Share
- 10.9.2.4. Business Segment Share
- 10.9.2.5. Recent Developments
- 10.10. Karamba Security
- 10.10.1. Overview
- 10.10.1.1. Key Management
- 10.10.1.2. Headquarters
- 10.10.1.3. Offerings/Business Segments
- 10.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 10.10.2.1. Employee Size
- 10.10.2.2. Past and Current Revenue
- 10.10.2.3. Geographical Share
- 10.10.2.4. Business Segment Share
- 10.10.2.5. Recent Developments
- 11. Key Takeaways
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