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 global V2X cybersecurity market is segmented by unit type, vehicle type, and communication. Based on the unit type, the market is bifurcated into on-board units and roadside unit. Based on the vehicle type, the market is divided into passenger cars and commercial vehicles. Based on communication, the market is sub-segmented into V2V, V2I, V2G, and others such as vehicle-to-cloud (V2C), vehicle-to-pedestrian (V2P). Among these, the commercial vehicle sub-segment is expected to hold a considerable share of the market owing to the rising sale of commercial vehicles around the globe. For instance, according to the International Organization of Motor Vehicle Manufacturers, the total production of commercial vehicles has increased by 6.0% from 2021 to 2022. With the growth of end-user industries such as transportation and supply chain, growing adoption of technology in transportation to improve operational efficiency, and growing demand for ADAS.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- 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))
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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