V2X Cybersecurity Market Analysis

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