Market Overview

The Global V2X Cybersecurity Market size was estimated at USD 2.41 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 19.1% from 2024 to 2032.

Vehicle-to-Everything (V2X) cyber security is one of such emerging niche domains that focuses on integrity and functionality in the communication process of modern vehicles. The integration of V2X systems is increasing at a high rate in the dynamic terrain of automotive communication, which allows automobiles to communicate with each other, with infrastructure, and with a wide array of other devices to enhance safety and efficiency in driving. Such rapid development and deployment of technologies bring in their wake new challenges related to cyber security.

Essentially, V2X Communication embodies different types of communications: Vehicle-to-Vehicle, Vehicle-to-Infrastructure, Vehicle-to-Pedestrian, and Vehicle-to-Network. These concepts of communication systems establish the sharing of information in real-time, which could generally improve traffic management and reduce accidents besides improving navigation capabilities. In V2V communication, for instance, vehicles will exchange their speed, direction, and position to predict and avoid collisions. On the other hand, V2I systems provide contact between vehicles and road infrastructure, such as traffic lights and road signs, in an effort to optimize the flow of traffic and thus reduce congestion.

While V2X Communication may bring with it a slew of benefits, the increased connectivity of vehicles also opens up immense opportunities for major cyber security threats. The systems are open to different types of cyber threats through breaches, unauthorized access, and other malicious attacks that may compromise safety and reliable vehicular operations. Hackers might exploit these vulnerabilities in V2X communications and cause grave dangers to occur by making a vehicle do something it shouldn't be doing, freezing the management of road traffic, or even causing an accident.

The V2X cyber security market is fast growing in terms of developing and implementing the various security measures and protocols that could allay such concerns. These would involve encryption techniques, secure communication channels, authentication mechanisms, and intrusion detection systems to protect from any unauthorized access and guarantee the integrity of the data transmitted. Furthermore, further research and development activities are under way to come up with robust frameworks of cyber security that would keep up with the dynamic nature of the V2X system and the changing landscape of threats.

V2X cyber security goes beyond the individual vehicle to affect a broader transportation ecology. Effective designs for cyber security solutions will be important to maintaining continued public trust in the connected vehicle technologies, as well as for the safe and reliable operation of intelligent transportation systems. The use of V2X technologies is continuously going to evolve over the years; hence, comprehensive and resilient cyber security solutions will be highly required to protect against new threats, guaranteeing seamless integration into our transportation infrastructure.

Market Drivers

Rising Cyberattacks in Automotive Sector

• The growing cyber-attacks in the automotive sector have been of concern as vehicles become more and more connected and autonomous. Advanced technologies fitted in modern vehicles include vehicle-to-everything communication systems, infotainment, and advanced driver-assistance systems, all of which make vehicles hugely interconnected. As a result of this increase in connectivity, various entry points are opened for exploitation by cybercriminals. Hackers may have the ability to access vehicle networks, manipulate on-board systems, or compromise sensitive data, which can pose threats ranging from unauthorized vehicle control to data breaches and privacy violations. High-profile incidents involving the remote hacking of vehicle control systems and ransom ware attacks on automotive suppliers underscore the vulnerability of the industry to cyber-attacks. Given that cyber threats evolve daily, it is of par excellence and urgent necessity that the automotive sector invests in strengthening cyber security measures to deal with rising risk exposure and ensure vehicle safety and integrity within the connected world.

Booming Global Automotive V2X Market

• The global automotive V2X market is growing at a very high CAGR since the connected vehicle technologies are adopted more and more as countries move towards smarter transportation systems. It helps to allow communication of vehicles with each other, infrastructural units, pedestrians, and networks to enhance vehicle safety, efficiency, and driving experience. This boom comes due to improving the communication protocols, growing number of smart city initiatives, and increasing demand for advanced driver-assistance systems and autonomous driving. As governments and automotive manufacturers invest in infrastructure and communication to support V2X systems, both technological advancements and commercial deployments grow significantly. This growth is further supported by the increasing emphasis on decreasing traffic accidents, optimizing traffic flow, and enhancing vehicle-to-infrastructure interactions. Accordingly, the automotive V2X market is rapidly evolving into an integral constituent of the broader intelligent transportation ecosystem, promising manifold improvements in vehicle connectivity and road safety.

Market Opportunities

Growing Trend of Connected and Autonomous Vehicle Technologies

• Increased trends in connected and autonomous vehicle technologies have been adding new levels of innovation and increased functionalities to the automotive industry. Advanced communication enables them to talk to other cars, to the infrastructure, and to the outside world so that a more connected, smarter transportation ecosystem can be achieved. This enables them to have real-time traffic updates, remote diagnostics, and improved navigation in ways that bring serious improvements to user driving experiences and general safety. At the same time, autonomous vehicle technologies are being empowered with the recent progress in artificial intelligence, machine learning, and sensor technologies, extending the borderlines of conventional driving. Self-driving systems consequently help reduce human error, allowing the vehicle to navigate, make decisions, and interact with the environment interface under very minimally controlled human intervention. And all of this convergence propels revolutionary growth and change in the automotive industry. This development promises a future with smarter, greater, and much more efficient transportation.

Market Restraining Factors

Lack of Dedicated Infrastructure for V2X Communication in Emerging Economies

• Among other barriers to the wide adoption and implementation of connected vehicle technologies within developing economies, the lack of dedicated V2X-based infrastructure is significant. Unlike developed regions that invest in smart infrastructure and communication networks to lay down the foundation for V2X systems, many emerging economies often encounter issues such as resource constraints, outdated infrastructures, and insufficient impregnation in technological advances. Such a gap impedes the potential proper deployment of V2X systems, as components like the roadside unit, communication network, and the data management systems are either in an underdevelopment phase or do not exist at all. The major shortcoming, however, of this kind of infrastructure would be that it wastes the immense potential of the V2X technologies in enabling traffic management improvements, enhancements in road safety, and most importantly, efficient interaction between vehicles and infrastructures. Tackling this challenge will take a massive financial investment and coordination between the government, private sector stakeholders, and communication providers in building and modernizing the necessary infrastructure so the emerging economies across the globe draw upon the various benefits the V2X offers and participate in global advancements to create smart transportation systems.

Key Industry Developments

In January 2024, AUTOCRYPT and Cohda Wireless have established a Memorandum of Understanding (MOU) at CES 2024, detailing their joint efforts to create a security-enhanced Vehicle-to-Everything (V2X) solution.

In June 2023, Autotalks and Infineon Technologies AG have entered into a partnership to advance Vehicle-to-Everything (V2X) solutions. As part of this collaboration, Infineon will provide its automotive-grade HyperRam 3.0 memory, which will be incorporated into Autotalks' V2X reference designs, specifically Tekton3 and Secton3.

Report Coverage

The report will cover the qualitative and quantitative data on the global V2X Cybersecurity Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

V2X Cybersecurity Market Players Analysis: Companies

• Aptiv
• AUTOCRYPT Co., Ltd.
• Autotalks
• Continental AG
• DENSO CORPORATION
• ETAS (ESCRYPT)
• Green Hills Software
• HARMAN International
• ID Quantique
• Infineon Technologies AG
• Karamba Security
• Lear Corporation
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• Vector Informatik GmbH

V2X Cybersecurity Market Segmentation

By Connectivity

• Cellular
• DSRC

By Communication

• Vehicle-to-Vehicle (V2V)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Pedestrian (V2P)
• Vehicle-to-Grid (V2G)

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Security Framework

• PKI
• Embedded

By Form

• In-Vehicle
• External Cloud Services

By Propulsion

• Internal Combustion Engines
• Electric Vehicles

By Security Type

• Endpoint Security
• Software Security
• Cloud Security

Segmentation Analysis

The market scope is segmented because of by Connectivity, by Communication, by Vehicle Type, by Security Framework, by Form, by Propulsion, by Security Type.

By Connectivity

Based on the Connectivity of the market is segmented into Cellular, DSRC.

The V2X market connectivity segments, among them, Cellular V2X dominated the other, Dedicated Short-Range Communication. This is attributed to several key factors.

First and foremost, Cellular V2X capitalizes on the huge infrastructure that is already laid down for cellular networks and has been deployed in 4G LTE and is further being deployed in the form of 5G networks. This forms an extensive, robust communication network that C-V2X will use to its advantage by using the same existing cellular towers and technologies, thereby increasing the coverage area and reliability. The seamless integration of C-V2X with the 5G technology, bringing higher speeds, lower latency, and higher capacity, further cements this position in the market.

By Communication

Based on the Communication of the market is segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Grid (V2G).

Vehicle-to-Infrastructure currently holds the largest share. V2I communication refers to information exchange between vehicles and the road infrastructure, such as traffic lights, road signs, and toll booths. This sector has emerged as the leader as it is very vital to optimize the flow of traffic, enhance road safety, and increase the efficiency of transportation in general.

V2I led for a host of reasons. Firstly, V2I systems are the foundation of smart city initiatives. Implementation of these initiatives focuses on operationalizing technology in urban infrastructure to ensure traffic congestion and accidents are monitored and reduced. In contrast, V2I can adjust traffic signals, manage lane usage, and warn drivers timely about the condition or danger on the road by allowing vehicles to receive real-time updates from traffic management systems. Such a proactive approach to traffic management improves not only the transportation network safety but also its efficiency.

Regional Snapshots

The market along the lines of regions—North America, Europe, Asia Pacific, Latin America, and MEA. Presently, North America retains the largest share in the V2X market among all regions due to the early adoption of connected vehicle technologies and massive investments being made in smart infrastructure. Several factors can be attributed to its leadership in the region. North America, particularly the United States, has been quite aggressive with the development and deployment of V2X systems as part of the broader smart city and intelligent transportation initiatives. Federal and state governments have underpinned this effort through funding, regulatory frameworks, and partnering with technology providers. This makes North America the leading region in the V2X market, due to extensive V2I infrastructure development and correspondingly high automotive innovation and technology adoption rates.

However, the highest growth in this market will be experienced in the Asia-Pacific region. Key factors to support this growth include rapidly increasing urbanization and technological advancement currently witnessed around the region, especially in countries like China, Japan, and South Korea. It has been reported that the governments in the Asia-Pacific region are investing significantly in the development of smart cities and related infrastructure to reduce the threat from rising traffic congestion and improve urban mobility. Furthermore, the pace of connected vehicles and innovation in automotive technology increases with each passing day, which further speeds up the growth of V2X systems in this region. Growing automotive industry, along with favorable policies and rising consumer demand for automobiles integrated with advanced technologies in vehicles, places the Asia-Pacific region as the V2X communications' fastest-growing market.

V2X Cybersecurity Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global V2X Cybersecurity Market valued?
• Which region has the largest share in 2024 for the global V2X Cybersecurity Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of V2X Cybersecurity Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

V2X Cybersecurity Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: