The V2X cybersecurity market was estimated at US$1.433 billion in 2022, growing at a CAGR of 17.70% to reach a market size of US$4.483 billion by 2029.
The V2X (automobile-to-the-whole thing) cybersecurity market is projected to witness steady expansion during the forecast period. Self-driving automobiles need V2X cybersecurity to provide protection from cyber attacks.
The greater prevalence of connected vehicles and connectivity along the data superhighway, such as self-driving automobiles, puts them at risk of being snared by hackers. V2X cybersecurity plays an influential role in securing communication channels between automobiles, roadside systems, and other related devices. Therefore keeping the information safe from breach and avoiding possible blackmail that could affect automobile control methods or disturb traffic protocols.
V2X technology provides options where one can proportion their location, speed and acceleration parameters which helps in preventing accidents on the road and provides the most suitable option for use. Automobiles require radio alerts to transfer data from one level to another, specific to a selected dimension. Large connected automobiles, development of self-driving automobiles, and increasing cyber blackmail are driving the expansion of the V2X cybersecurity market.
V2X Cyber Security Market Drivers
Powering the expansion of the large related automobile V2X cybersecurity market.
The large share of self-driving cars that are connected to the data superhighway is a major driver for the V2X cybersecurity market. The V2X communication channel allows cars to modify their interactions with each occasion, securing the car’s position and identifying a network of interconnected vehicles. This leading generation draws attention due to its efficacy and visitor safety protocols. Greater connectivity allows for significant cyber blackmail.
The exchange of data between the automobile and external systems signals a hacker and is amenable to cyber blackmail. A vulnerable connectivity automobile is liable to cyber attackers, resulting in anticipated data leaks, traffic breaches or unauthorized access. They are vulnerable issues for the respective automobiles where there is a major need for V2X cyber security solution to ensure the status of those internet connected automobiles and ensure the security and decent functioning of the respective automobiles.
The development of self-use automobiles drives the expansion of the V2X cybersecurity market.
Self-driving cars typically rely on data superhighway connections, and as connectivity improves, cars can have complex features where they can keep in touch or command commands inside and outside the car. Since some of these automobiles are dependent on real-time data received from alternative automobiles to safely obtain power. More secure exchange of information is possible with the support of V2X technology. Probably the most impressive part of this communication channel is its preservation almost all year round.
To provide security and book the respective automobiles, V2X is a complete solution required to strengthen their security measures. The highest level of security must be maintained for automobiles because their connections to the information superhighway make automobiles susceptible to additional cyber blackmail. Adopting appropriate safety solutions allows the use of automobiles to be safe.
For example, in June 2023, the Here 360 company published an editorial saying that documentation from the National Bliss Base revealed data about drivers who are sleepy or tired while driving while driving, where 37 million drivers in the United States are using cars while fatigued. Technological developments to detect drivers who doze off before using the automobile featured driver drowsiness alarms.
Increasing cyber blackmails have fueled the expansion of the V2X cybersecurity market.
Large interconnected cars with data superhighways and networked systems are susceptible to cyber-attacks, making them an easy fodder for hackers to take control of the cars and could lead to horrific incidents on the roads. With additional data superhighway connections, there will be additional potential factors that may lead to a vehicle violation in any given year. Untapped inventions in the era are huge blackmails which further lead to cyber crimes. An advanced security measure guarantees the safety of the automobile and its knowledge.
Cyber security is an influential part of the era. It is not an option but must be integrated to assure the automobile. With the increasing blackmail and development of web connectivity, the demand for V2X cyber security market is increasing which allows the cyber security market to grow further.
For example, in April 2023, the investigation team discovered a security breach called CVE-2023-29389, where cybercriminals could impersonate a car using a CAN injector form. This form allows the cyber criminal access to digital parts and commercial methods.
V2X Cyber Security Market – Geographic Outlook
Considerable growth is predicted for the northern United States.
Answer: The United States is considered to be an important part of the V2X cybersecurity market due to various factors. Pocket is an early adopter of a significant choice of Internet-connected automotive technologies, including V2X releases. This expanding market with data superhighway connectivity for cars creates an excellent situation for the V2X cybersecurity market in pockets. Furthermore, increased family awareness about cyber attacks on enterprises and transportation systems is demanding stricter security protocols.
The federal government has taken the initiative to implement and incorporate security features into enterprises, companies, and organizations to ensure information remains secure, fueling the V2X cybersecurity market. Because the discussed factors drive the expansion of the V2X cybersecurity market in the subsequent years.
For example, in November 2023, Canadian transportation professionals were invited to participate in Shipping Canada’s ITS Cybersecurity Communities. They seek to exchange best practices with colleagues, talk about the study, and strengthen the group’s cybersecurity preparedness for intelligent transportation technologies (ITS).
V2X Cyber Security Market Ban
Complexity of the V2X community hinders expansion of the V2X cybersecurity market
Building an integrated security approach and ensuring consistent implementation around the V2X communications ecosystem is made difficult through the involvement of multiple stakeholders such as automotive manufacturers, infrastructure suppliers, mobile network operators and cloud provider suppliers.
Changing security dimensions hinder the expansion of the V2X cybersecurity market.
Cyber attackers are constantly inventing ancient hacking forms. V2X cyber security solutions must have adaptability and stay one step ahead of these ever-changing threats through engaging in ongoing research and development into security protocols and blackmail detection strategies.
Key Business Characteristics of the V2X Cyber Security Market
- February 2024: Rohde & Schwarz collaborated with AutoTalk to evaluate the first 5G V2X chipset. Through the use of the complex network feature, the companies tested the Auto Talk TEKTON3 and Section 3 chips, where the product is able to securely transfer data to the latter’s Internet-connected automobile.
- September 2023: AutoTalk, the famous manufacturer of V2X generation, introduced V2X Answer. The company’s leading product is capable of using DSRC and C-V2X protocols,
V2X Cyber Security Marketplace Primary Hobby Gamers and Merchandise
- Continental’s Hybrid V2X Solution: The solution streamlines communications for connected vehicles by providing an integrated hardware and device platform that supports both DSRC (stream standard) and C-V2X (rising mobile-based standard) technologies. This guarantees that automobiles are ready for life, relieves the need for customized answers for express areas, and simplifies the process for manufacturers implementing the V2X era worldwide.
Main characteristics:
| file attribute | main points |
| Disagree. of pages | 139 |
| forecast length | 2022 – 2029 |
| Estimated market value in 2022 (USD). | $1.43 billion |
| Estimated market value by 2029 (USD). | $4.48 billion |
| Compound Annual Extension Fee | 17.7% |
| coated area | World |
Corporation Featured
- Infineon Applied Sciences AG
- NXP Semiconductor
- Continental AG
- Qualcomm Applied Sciences, Inc.
- Autocrypt Company Limited
- comsignia
- layer
- UNIX site visitor
- autotalk
- Harman Global
The V2X cyber security market has been segmented and analyzed as below:
through propulsion sequence
- snow
- electrical and hybrid
- Other
via unit sort
- on-board unit
- roadside unit
Automobile Sort Through
- passenger motor vehicle
- shiny industrial automobile
- heavy duty industrial automobile
through geography
- north united states
- United States of america
- Canada
- Mexico
- southern united states
- brazil
- argentina
- Other
- Europe
- United Kingdom
- Germany
- France
- Italy
- spain
- Other
- Middle East and Africa
- Saudi Arab
- United Arab Emirates
- Other
- Asia Pacific
- Japan
- China
- India
- South Korea
- taiwan
- Thailand
- Indonesia
- Other
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