Global Market Size, Forecast, and Trend Highlights Over 2025-2037
V2X Cybersecurity Market size was valued at USD 66.57 million in 2024 and is set to exceed USD 13.64 billion by 2037, registering over 50.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of V2X cybersecurity is evaluated at USD 95.2 million.
The growth of the market can be attributed to the increasing amount of data generated by vehicles, and rise in the number of cyberattacks around the world. The total number of malware infections rose up to 812.6 million in 2018, up from 702 million and 580.4 million since 2017 and 2016 respectively. Along with these, growing dependency on internet, and rapid development of autonomous vehicles by prominent automobile manufacturers are also crucial factors expected to boost market growth in the forthcoming years. Furthermore, connected and autonomous vehicles rely on sophisticated V2X technologies and systems for collecting and sharing real-time data. As these vehicles are gaining momentum since the last few years, OEMs and other stakeholders are collaborating for revolutionizing the traditional way of driving, which in turn is projected to offer profitable opportunities to the market in the near future.
V2X Cybersecurity Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Amount of Data Generated by Vehicles
- Rising Number of Cyberattacks Around the World
Challenges
- Difficulty in Keeping Up with Continuous Evolutions in V2X Ecosystem
V2X Cybersecurity Market: Key Insights
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
50.6% |
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Base Year Market Size (2023) |
USD 44.2 million |
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Forecast Year Market Size (2036) |
USD 9.06 billion |
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Regional Scope |
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V2X Cybersecurity Segmentation
The market is segmented by unit type into on-board unit, and roadside unit, out of which, the on-board unit segment is anticipated to hold the largest share in the global V2X cybersecurity market on account of the fact that a vehicle requires OBU for all types of V2X communications. In addition, an on-board unit has control over several security features in the vehicle, making the security provided by these units highly significant, which is also predicted to drive the market segment’s growth in the future. Moreover, on the basis of vehicle type, the passenger cars segment is projected to grab the largest share during the forecast period, which can be credited to the surge in demand for connected car technologies in passenger cars, and increase in the number of electric vehicles and autonomous cars around the world.
Our in-depth analysis of the global market includes the following segments
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By Communication Type |
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By Unit Type |
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By Security Type
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By Vehicle Type
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Customize this ReportV2X Cybersecurity Industry - Regional Synopsis
On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is set to hold largest revenue share by 2037, due to high sales of V2X equipped vehicles, and growing demand for cybersecurity solutions in the region. Apart from these, strong presence of major market players is also predicted to drive APAC’s market growth in the future. Additionally, the market in North America is also assessed to grab a notable market share during the forecast period ascribing to the rise in sales of connected vehicles, and high emphasis on developing innovative artificial intelligence solutions in the region. In 2017, more than 45 percent of Americans used digital assistants to interact with their smartphones, whereas around 8 percent of them used it on a standalone device.
Companies Dominating the V2X Cybersecurity Landscape
- Continental AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Autotalks Ltd.
- Infineon Technologies AG
- Vector Informatik GmbH
- HARMAN International
- Denso Corporation
- Infineon Technologies AG
- AUTOCRYPT Co., Ltd.
- Capgemini Engineering
- ID Quantique SA
In the News
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March 2020- AutoCrypt launched an advanced version of its basic safety message (BSM) verification V2X technology, which the company claims to have a minimum of 30% enhanced speed and accuracy.
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June 2019- Autotalks collaborated with Marben for a live V2X demo based MARBEN V2X software solution running on Autotalks’ chipset. Th demonstration showed V2V applications running using both DSRC and C-V2X standards.
Author Credits: Abhishek Verma
- Report ID: 3586
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
