V2X Cybersecurity Market Size

V2X Cybersecurity Market size was over USD 44.2 million in 2023 and is poised to cross USD 9.06 billion by 2036, witnessing more than 50.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of V2X cybersecurity is evaluated at USD 62.09 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.