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.
By Connectivity
- >DSRC
- Cellular
- >On-board Unit (OBU)
- Roadside Unit (RSU)
- >Vehicle-to-Vehicle (V2V)
- Vehicle-to-Cloud (V2C)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Pedestrian (V2P)
- >Passenger Car
- Commercial Vehicle
- >Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe V2X Cybersecurity Market, by Connectivity
- 1.4.2 Europe V2X Cybersecurity Market, by Unit Type
- 1.4.3 Europe V2X Cybersecurity Market, by Communication
- 1.4.4 Europe V2X Cybersecurity Market, by Vehicle Type
- 1.4.5 Europe V2X Cybersecurity Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Sep – 2023, Oct) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe V2X Cybersecurity Market by Connectivity
- 5.1 Europe DSRC Market by Country
- 5.2 Europe Cellular Market by Country
- Chapter 6. Europe V2X Cybersecurity Market by Unit Type
- 6.1 Europe On-board Unit (OBU) Market by Country
- 6.2 Europe Roadside Unit (RSU) Market by Country
- Chapter 7. Europe V2X Cybersecurity Market by Communication
- 7.1 Europe Vehicle-to-Vehicle (V2V) Market by Country
- 7.2 Europe Vehicle-to-Cloud (V2C) Market by Country
- 7.3 Europe Vehicle-to-Infrastructure (V2I) Market by Country
- 7.4 Europe Vehicle-to-Pedestrian (V2P) Market by Country
- Chapter 8. Europe V2X Cybersecurity Market by Vehicle Type
- 8.1 Europe Passenger Car Market by Country
- 8.2 Europe Commercial Vehicle Market by Country
- Chapter 9. Europe V2X Cybersecurity Market by Country
- 9.1 Germany V2X Cybersecurity Market
- 9.1.1 Germany V2X Cybersecurity Market by Connectivity
- 9.1.2 Germany V2X Cybersecurity Market by Unit Type
- 9.1.3 Germany V2X Cybersecurity Market by Communication
- 9.1.4 Germany V2X Cybersecurity Market by Vehicle Type
- 9.2 UK V2X Cybersecurity Market
- 9.2.1 UK V2X Cybersecurity Market by Connectivity
- 9.2.2 UK V2X Cybersecurity Market by Unit Type
- 9.2.3 UK V2X Cybersecurity Market by Communication
- 9.2.4 UK V2X Cybersecurity Market by Vehicle Type
- 9.3 France V2X Cybersecurity Market
- 9.3.1 France V2X Cybersecurity Market by Connectivity
- 9.3.2 France V2X Cybersecurity Market by Unit Type
- 9.3.3 France V2X Cybersecurity Market by Communication
- 9.3.4 France V2X Cybersecurity Market by Vehicle Type
- 9.4 Russia V2X Cybersecurity Market
- 9.4.1 Russia V2X Cybersecurity Market by Connectivity
- 9.4.2 Russia V2X Cybersecurity Market by Unit Type
- 9.4.3 Russia V2X Cybersecurity Market by Communication
- 9.4.4 Russia V2X Cybersecurity Market by Vehicle Type
- 9.5 Spain V2X Cybersecurity Market
- 9.5.1 Spain V2X Cybersecurity Market by Connectivity
- 9.5.2 Spain V2X Cybersecurity Market by Unit Type
- 9.5.3 Spain V2X Cybersecurity Market by Communication
- 9.5.4 Spain V2X Cybersecurity Market by Vehicle Type
- 9.6 Italy V2X Cybersecurity Market
- 9.6.1 Italy V2X Cybersecurity Market by Connectivity
- 9.6.2 Italy V2X Cybersecurity Market by Unit Type
- 9.6.3 Italy V2X Cybersecurity Market by Communication
- 9.6.4 Italy V2X Cybersecurity Market by Vehicle Type
- 9.7 Rest of Europe V2X Cybersecurity Market
- 9.7.1 Rest of Europe V2X Cybersecurity Market by Connectivity
- 9.7.2 Rest of Europe V2X Cybersecurity Market by Unit Type
- 9.7.3 Rest of Europe V2X Cybersecurity Market by Communication
- 9.7.4 Rest of Europe V2X Cybersecurity Market by Vehicle Type
- Chapter 10. Company Profiles
- 10.1 Lear Corporation
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 SWOT Analysis
- 10.2 Infineon Technologies AG
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Product Launches and Product Expansions:
- 10.2.6 SWOT Analysis
- 10.3 NXP Semiconductors N.V.
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
- 10.4 Continental AG
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.5.2 Product Launches and Product Expansions:
- 10.4.6 SWOT Analysis
- 10.5 Denso Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.5.5.2 Product Launches and Product Expansions:
- 10.5.6 SWOT Analysis
- 10.6 HARMAN International Industries, Inc. (Samsung Electronics Co., Ltd.)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 SWOT Analysis
- 10.7 Cisco Systems, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 SWOT Analysis
- 10.8 Aptiv PLC
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expense
- 10.8.5 SWOT Analysis
- 10.9 Robert Bosch GmbH
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Acquisition and Mergers:
- 10.9.6 SWOT Analysis
- 10.10. Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 Recent strategies and developments:
- 10.10.5.1 Partnerships, Collaborations, and Agreements:
- 10.10.5.2 Product Launches and Product Expansions:
- 10.10.6 SWOT Analysis
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