V2X Cybersecurity Market by Form, Unit Type, Communication, Security, Vehicle Type

List of Tables

[188 Pages Report] The V2X Cybersecurity Market size was estimated at USD 50.04 billion in 2023 and expected to reach USD 57.72 billion in 2024, at a CAGR 16.10% to reach USD 142.33 billion by 2030.

The V2X (Vehicle-to-Everything) cybersecurity solutions and services are designed to safeguard communication systems within vehicles and between vehicles, infrastructure, pedestrians, and the network. The surge in connected vehicle production and their inherent vulnerabilities have significantly driven the demand for V2X cybersecurity solutions. Stricter government regulations and standards globally to ensure vehicle data protection and privacy influence the market's growth. Continuous technological advancements, including 5G and IoT, offer enhanced capabilities, fueling the need for advanced V2X cybersecurity solutions. However, limited awareness among stakeholders about the critical nature of cybersecurity in V2X systems can hinder market growth. The complexity of automotive systems and the need for interoperability across different components and systems pose significant challenges for market expansion. Moreover, the development of AI and machine learning-based cybersecurity solutions to predict and manage potential threats in real-time can pose significant growth potential in upcoming years. Ongoing collaboration with automotive manufacturers and governments to formulate and implement standardized cybersecurity protocols may also generate new avenues for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 50.04 billion
Estimated Year [2024]	USD 57.72 billion
Forecast Year [2030]	USD 142.33 billion
CAGR (%)	16.10%

Regional Insights

In the Americas region, research & development initiatives focus on protecting vehicle communication networks from cyber-attacks, signaling an innovative and highly competitive market environment. The U.S. and Canada are at the forefront of V2X cybersecurity in the Americas, driven by stringent regulatory standards, advanced technological adoption, and significant investments in connected vehicles. The European Union is highly focused on regulating and standardizing V2X communications to ensure a secure and interoperable environment across the EMEA region. Initiatives such as the Cooperative Intelligent Transport System (C-ITS) demonstrate the EU's commitment to leveraging V2X technology to improve road safety while addressing cybersecurity concerns in the EMEA region. The Middle East, particularly the Gulf Cooperation Council (GCC) countries, are rapidly investing in smart infrastructure and connected vehicle technologies. In the APAC region, China and India are witnessing significant growth in V2X cybersecurity adoption and innovation due to substantial government investments in cybersecurity solutions. Japan's approach to V2X cybersecurity revolves around collaboration between the government, automotive manufacturers, and technology companies, contributing to the market growth in the APAC region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the V2X Cybersecurity Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing concern among consumers regarding vehicle safety and security
- Reinforcement of mandates by regulatory bodies for vehicle data protection
- Growing demand of connected and autonomous vehicles

Market Restraints
- High cost associated with V2X deployment in vehicles

Market Opportunities
- Deployment of artificial intelligence and machine learning in vehicles
- Ongoing advancements in new products integrated with advanced technologies

Market Challenges
- Concerns associated with data security

Market Segmentation Analysis
- Form: Increasing adoption of external cloud services for scalability
- Vehicle Type: Rising integration V2X (Vehicle-to-Everything) cybersecurity solutions in passenger cars

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the V2X Cybersecurity Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the V2X Cybersecurity Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

AUTOCRYPT Launches Cybersecurity Testing Platform for UN R155/156 and GB Compliance

In an innovative stride towards bolstering automotive cybersecurity, AUTOCRYPT has launched AutoCrypt CSTP, a state-of-the-art cybersecurity testing platform designed for comprehensive vulnerability assessments essential for vehicle type approval. This pioneering platform comes fully equipped to meet the stringent requirements of UNECE Regulations 155/156 and SAC's GB and GB/T standards, which become mandatory for all vehicles. AutoCrypt CSTP stands out with its ability to conduct a wide array of tests, including penetration testing crafted by a specialized offensive security team, engineering specification testing tailored to a vehicle's unique functions, and advanced fuzz testing powered by AI algorithms. [Published On: 2024-02-20]

AUTOCRYPT to Exhibit at CES, Highlighting Global Standard Compliant V2X Security Solution

AUTOCRYPT, showcased its latest innovations, underscoring its commitment to advancing automotive cybersecurity. The announcement follows a significant partnership with a globally recognized Tier 1 telematics supplier, marking a pivotal step in providing production-ready V2X solutions to automotive OEMs worldwide. AUTOCRYPT distinguishes itself as the sole V2X PKI provider to support all key regional SCMS standards, illustrating its versatile and global approach. [Published On: 2023-12-26]

Askey Adopts VicOne's xZETA Automotive Cyber Security Solution to Speed up Time to Market for 5G C-V2X

Askey has integrated VicOne's xZETA, a cutting-edge vulnerability scanning and SBOM management tool, into the development of its innovative connected vehicle devices, including the Askey 5G C-V2X Onboard Unit (OBU). This vital technology safeguards data and user identities in connected cars by enabling secure external communications. The implementation of 5G C-V2X OBU and Roadside Units (RSU) alongside cloud technologies enhances smart transportation by allowing real-time, precise communication of vehicle positions, road conditions, and signal information to traffic management systems. [Published On: 2023-09-25]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the V2X Cybersecurity Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the V2X Cybersecurity Market, highlighting leading vendors and their innovative profiles. These include Aptiv PLC, AUTOCRYPT Co., Ltd., Continental AG, Cybereason Inc., F-Secure Corporation, FESCARO, FireEye, Inc., Fortinet, Inc., Green Hills Software LLC, GuardKnox Cyber Technologies Ltd., Harman by Samsung Electronics Co., Ltd., ID Quantique SA, Irdeto, Karamba Security Ltd., Lear Corporation, NXP Semiconductors, PCAutomotive, Qualcomm Inc., Robert Bosch GmbH, SentinelOne, Inc., Virgil Security, Inc., Visteon Corporation, and Zscaler, Inc..

Market Segmentation & Coverage

This research report categorizes the V2X Cybersecurity Market to forecast the revenues and analyze trends in each of the following sub-markets:

Form
- External Cloud Services
- In-Vehicle

Unit Type
- On-board Units
- Roadside Units

Communication
- Vehicle-to-Cloud (V2C)
- Vehicle-to-Grid (V2G)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Pedestrian (V2P)
- Vehicle-to-Vehicle (V2V)

Security
- Embedded
- PKI

Vehicle Type
- Commercial Vehicles
- Passenger Cars

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-B168537794E6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing concern among consumers regarding vehicle safety and security
  - 5.1.1.2. Reinforcement of mandates by regulatory bodies for vehicle data protection
  - 5.1.1.3. Growing demand of connected and autonomous vehicles
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with V2X deployment in vehicles
- 5.1.3. Opportunities
  - 5.1.3.1. Deployment of artificial intelligence and machine learning in vehicles
  - 5.1.3.2. Ongoing advancements in new products integrated with advanced technologies
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with data security
5.2. Market Segmentation Analysis
- 5.2.1. Form: Increasing adoption of external cloud services for scalability
- 5.2.2. Vehicle Type: Rising integration V2X (Vehicle-to-Everything) cybersecurity solutions in passenger cars
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. V2X Cybersecurity Market, by Form

6.1. Introduction
6.2. External Cloud Services
6.3. In-Vehicle

7. V2X Cybersecurity Market, by Unit Type

7.1. Introduction
7.2. On-board Units
7.3. Roadside Units

8. V2X Cybersecurity Market, by Communication

8.1. Introduction
8.2. Vehicle-to-Cloud (V2C)
8.3. Vehicle-to-Grid (V2G)
8.4. Vehicle-to-Infrastructure (V2I)
8.5. Vehicle-to-Pedestrian (V2P)
8.6. Vehicle-to-Vehicle (V2V)

9. V2X Cybersecurity Market, by Security

9.1. Introduction
9.2. Embedded
9.3. PKI

10. V2X Cybersecurity Market, by Vehicle Type

10.1. Introduction
10.2. Commercial Vehicles
10.3. Passenger Cars

11. Americas V2X Cybersecurity Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific V2X Cybersecurity Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa V2X Cybersecurity Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. AUTOCRYPT Launches Cybersecurity Testing Platform for UN R155/156 and GB Compliance
- 14.3.2. AUTOCRYPT to Exhibit at CES, Highlighting Global Standard Compliant V2X Security Solution
- 14.3.3. Askey Adopts VicOne's xZETA Automotive Cyber Security Solution to Speed up Time to Market for 5G C-V2X
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio