Europe v2x Cybersecurity Market Size, Share & Trends Analysis Report By Connectivity (DSRC and Cellular), By Unit Type (On-board Unit (OBU) and Roadside Unit (RSU)), By Communication, By Vehicle Type, By Country and Growth Forecast, 2024 - 2031

Europe v2x Cybersecurity Market Size, Share & Trends Analysis Report By Connectivity (DSRC and Cellular), By Unit Type (On-board Unit (OBU) and Roadside Unit (RSU)), By Communication, By Vehicle Type, By Country and Growth Forecast, 2024 - 2031

The Europe V2X Cybersecurity Market would witness market growth of 19.5% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe V2X Cybersecurity Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $374.5 million by 2031. The UK market is exhibiting a CAGR of 18.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 20.5% during (2024 - 2031).

The V2X cybersecurity market is emerging as a critical component of the rapidly evolving automotive industry, driven by the increasing connectivity of vehicles, the growth of smart cities, and the development of autonomous transportation.

Moreover, the evolution of V2X technology is largely driven by the desire to enhance road safety and traffic management. By allowing vehicles to communicate with one another and their surrounding environment, V2X systems enable real-time decision-making that can prevent accidents, reduce traffic congestion, and improve fuel efficiency.

The V2X cybersecurity market in Europe is experiencing significant growth, driven by the region's leadership in automotive innovation, government initiatives, and cross-border collaborations. Moreover, securing V2X communication will ensure these systems' safety, efficiency, and reliability as EVs become more integrated into the continent's transportation and energy infrastructure. As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021.

Based on Connectivity, the market is segmented into DSRC and Cellular. Based on Unit Type, the market is segmented into On-board Unit (OBU) and Roadside Unit (RSU). Based on Communication, the market is segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Cloud (V2C), Vehicle-to-Infrastructure (V2I), and Vehicle-to-Pedestrian (V2P). Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• >Infineon Technologies AG
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)
• NXP Semiconductors N.V.
• Continental AG
• DENSO CORPORATION
• Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
• Lear Corporation
• Aptiv PLC
• Robert Bosch GmbH
• Cisco Systems, Inc.

Europe V2X Cybersecurity Market Report Segmentation

By Connectivity

• >DSRC
• Cellular

By Unit Type

• >On-board Unit (OBU)
• Roadside Unit (RSU)

By Communication

• >Vehicle-to-Vehicle (V2V)
• Vehicle-to-Cloud (V2C)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Pedestrian (V2P)

By Vehicle Type

• >Passenger Car
• Commercial Vehicle

By Country

• >Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe