V2X cybersecurity market is anticipated to grow at a CAGR of 20.3% during the forecast period (2024-2031). V2X cybersecurity solutions help to protect V2X communication, ensuring the security of connected and autonomous vehicles. It is used widely for applications like advanced driver assistance systems (ADAS), autonomous driving, and smart city infrastructure. Rising adoption of connected vehicles, government regulations, growing concern about cybersecurity threats in the automotive industry, and technological advancements in the V2X industry are driving demand for V2X cybersecurity solutions.
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The demand for V2X cybersecurity is expected to grow significantly in passenger cars. With the continuously growing demand for ADAS and technological advancements mainly in autonomous driving and, growing demand for Electric Vehicles, cybersecurity concerns are also growing. To overcome these challenges, researchers are focusing on the identification and mitigation of cyber threats to improve safety and user experience. For instance, In September 2023, Researchers from the Technical University of Berlin, who previously focused on AMD security, investigated Tesla’s in-vehicle infotainment (IVI) system. They discovered a way to execute arbitrary code, manipulate the vehicle’s configuration (including unlocking paid features), and access stored credentials within the IVI system. To improve the security system, Tesla implemented security measures such as firmware and operating system signing, a boot process chain of trust. Also, the sales of both fuel and electric vehicles are growing significantly globally which is also driving demand for V2X cybersecurity solutions. According to the data from the International Organization of Motor Vehicle Manufacturers, the total production of cars has grown by 8.0% from 2021 to 2022.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global V2X (Vehicle-to-Everything) Cybersecurity Market Report Segment
By Unit Type
- On-Board Unit
- Roadside Unit
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Communication
- Vehicle-To-Vehicle (V2V)
- Vehicle-To-Infrastructure (V2I)
- Vehicle-To-Grid (V2G)
- Others (Vehicle to Cloud (V2C), Vehicle-to-Pedestrian (V2P))
Global V2X (Vehicle-to-Everything) Cybersecurity Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the V2X cybersecurity market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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