Vehicle-To-Everything (V2X) Cybersecurity Market 2024 - Trend Analysis, Industry Growth, Key Players, Growth Opportunities And Outlook By 2033
The vehicle-to-everything (v2x)
cybersecurity global market report 2024 from The Business Research Company
provides comprehensive market statistics, including global market size,
regional shares, competitor market share, detailed segments, trends, and opportunities.
This report offers an in-depth analysis of current and future industry
scenarios, delivering a complete perspective for thriving in the industrial
automation software market.
Vehicle-To-Everything (V2X)
Cybersecurity Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The vehicle-to-everything (V2X)
cybersecurity market size has grown exponentially in recent years. It will grow
from $1.62 billion in 2023 to $1.99 billion in 2024 at a compound annual growth
rate (CAGR) of 23.1%. The growth in the
historic period can be attributed to high-profile cyber-attacks, cybersecurity
regulations, and standards, rapid growth in connected vehicles, the emergence
of v2x communication standards, and automotive industry digitization.
The vehicle-to-everything (V2X)
cybersecurity market size is expected to see exponential growth in the next few
years. It will grow to $4.59 billion in 2028 at a compound annual growth rate
(CAGR) of 23.2%. The growth in the
forecast period can be attributed to demand for user authentication, a
collaboration between automotive, technology, and cybersecurity sectors,
exploration of blockchain for secure and tamper-resistant v2x data
transmission, integration of Internet of things (IoT) devices with v2x systems
and growth in electric and autonomous vehicles. Major trends in the forecast
period include technological advancements in the v2x ecosystem, advancements in
cryptography, integration of 5g technology, development of advanced encryption
and authentication methods to secure v2x communications, and implementation of
secure over-the-air (OTA) updates.
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Scope Of Vehicle-To-Everything
(V2X) Cybersecurity Market
The Business Research Company's
reports encompass a wide range of information, including:
1. Market Size (Historic and
Forecast): Analysis of the market's historical performance and projections for
future growth.
2. Drivers: Examination of the key
factors propelling market growth.
3. Trends: Identification of
emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the
market into its primary segments and their respective performance.
5. Focus Regions and Geographies:
Insight into the most critical regions and geographical areas influencing the
market.
6. Macro Economic Factors:
Assessment of broader economic elements impacting the market.
Vehicle-To-Everything (V2X)
Cybersecurity Market Overview
Market Drivers -
The rise in demand for connected
vehicles is expected to propel the growth of the vehicle-to-everything (V2X)
cybersecurity market going forward. Connected vehicles refer to automobiles
equipped with internet connectivity and onboard sensors that enable them to
communicate with other devices, infrastructure, and networks, enhancing safety,
convenience, and efficiency on the road. The number of connected vehicles is
rising due to advancements in technology, increased consumer demand for smart
features, enhanced safety and efficiency benefits, and the expansion of
infrastructure supporting connected car capabilities. V2X cybersecurity
protects data exchanges between connected vehicles and infrastructure, ensuring
safe, secure communication and preventing cyber threats. For instance, in
August 2021, according to the Australian Computer Society, an Australia-based
professional association, there were around a million connected cars in
Australia, which is projected to rise to 10 million by 2030. Therefore, the rising
demand for connected vehicles is driving the growth of the automotive digital
services market. Therefore, the rise in demand for connected vehicles is
driving growth in the vehicle-to-everything (V2X) cybersecurity market.
Market Trends -
Major companies operating in the
vehicle-to-everything (V2X) cybersecurity market are focusing on developing
advanced technologies such as Vehicle Secure Communication Management Systems
to gain a competitive edge in the market. A Vehicle Secure Communication
Management System (VSCMS) is a software and hardware solution designed to
ensure secure and reliable communication between vehicles and external
entities, such as infrastructure, other vehicles, and the cloud. For instance,
in January 2022, AUTOCRYPT, a South Korea-based developer of end-to-end
automotive cybersecurity solutions, launched AutoCrypt SCMS Version 5.0, the
latest upgrade to its Secure Communication Management System (SCMS) for
Vehicle-to-Everything (V2X) security. This upgrade aims to enhance the security
and reliability of V2X communication, which is critical for ensuring the safety
and efficiency of autonomous vehicles and smart transportation systems. The
updated SCMS leverages advanced encryption and key management techniques to
protect V2X data from unauthorized access and tampering, ensuring a secure and
trustworthy communication environment for all connected vehicles and
infrastructure.
The vehicle-to-everything (V2X)
cybersecurity market covered in this report is segmented –
1) By Component: Hardware,
Software, Services
2) By Security Type:
Network Security, Cloud Security, Application Security, Other Security Types
3) By Unit: On-Board Units,
Roadside Units
4) By Communication:
Vehicle To Vehicle, Vehicle To Infrastructure, Vehicle To Pedestrian, Vehicle
To Grid, Vehicle To Cloud, Other Communications
5)
By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy
Commercial Vehicle
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Regional Insights -
Asia-Pacific was the largest
region in the vehicle-to-everything (V2X) cybersecurity market in 2023. The regions
covered in the vehicle-to-everything (V2X) cybersecurity market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the
vehicle-to-everything (V2X) cybersecurity market are <b>Robert Bosch
GmbH, Qualcomm Technologies Inc., Continental AG, Aptiv PLC, Infineon
Technologies AG, NXP Semiconductors, Harman International Industries Inc., Kapsch
TrafficCom AG, ETAS, Vector Informatik GmbH, Danlaw Inc., Green Hills Software,
Commsignia, Argus Cyber Security Ltd., AUTOCRYPT Co. Ltd., Autotalks, ID
Quantique, Karamba Security, Upstream Security Ltd., HAAS Alert, RunSafe
Security</b>
Table of Contents
1. Executive Summary
2. Vehicle-To-Everything (V2X)
Cybersecurity Market Report Structure
3. Vehicle-To-Everything (V2X)
Cybersecurity Market Trends And Strategies
4. Vehicle-To-Everything (V2X)
Cybersecurity Market – Macro Economic Scenario
5. Vehicle-To-Everything (V2X)
Cybersecurity Market Size And Growth
…..
27. Vehicle-To-Everything (V2X)
Cybersecurity Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential
Analysis
30. Appendix
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