V2X Cybersecurity Market Size, Share & Trends Analysis Report By Unit Type (On-Board Units, Roadside Units), By Connectivity, By Communication, By Propulsion, By Vehicle Type, By Security Type, By Region, And Segment Forecasts, 2023 - 2030

V2X Cybersecurity Market Size & Trends

The globalV2X网络安全市场规模约为美元乐鱼体育手机网站入口2.02 billion in 2022and is projected to grow at a compound annual growth rate (CAGR) of 18.9% from 2023 to 2030. The market growth can be attributed to rapid technological advancements in vehicle-to-everything technologies, rising cyberattacks on vehicles, and increasing public & private investment to propel digitization in the automobile industry. Increasing end-users' emphasis on connected technology in cars, extensive portfolio of cybersecurity solutions by market players, and notable penetration of advanced analytics in the automobile industry are further anticipated to propel the market growth.

Vehicle-to-everything is a communication ecosystem enabling vehicles to securely communicate with infrastructure, road users, and other vehicles for energy savings, traffic efficiency, and improved road safety, supporting market growth. The V2X technology-equipped vehicles use radio modules to exchange messages such as location, speed, position, and other kinematic data with connected vehicles or users. To avoid data loss or theft, this technology requires a security solution that securely transmits the messages to the authorized user, creating a positive outlook for the vehicle-to-everything cybersecurity market. Further advancements in various V2X components, such as vehicle-to-device (V2D) communication systems, vehicle-to-grid (V2G), and vehicle-to-infrastructure (V2I), are fueling the expansion of the market growth.

Various country’s governments, such as the U.S., India, China, Brazil, Norway, South Africa, and Australia, are taking supportive initiatives to improve the connected vehicle infrastructure, thereby supporting the market growth. For instance, in April 2022, the government of the U.S. announced an investment of USD 6.4 billion over five years to support the V2X infrastructure projects and reduce greenhouse gasses emissions across the U.S. With this investment, various state departments, such as the Colorado Department of Transportation, and Tampa Hillsborough Expressway Authority, among others will deploy advanced V2X and V2X cybersecurity solutions across the states in next five years.

The growing investment in developing the connected vehicle infrastructure is creating a favorable environment for the market. The companies offering connected vehicle solutions are adopting strategic initiatives that are expected to propel the growth of the market. For instance, in January 2023, a semiconductor company, Qualcomm, Inc., collaborated with a cloud technology company, Salesforce, Inc., to develop a connected vehicle platform to help automakers utilize real-time data and personalize user experience, creating robust opportunities for the market.

The growing demand for V2X cybersecurity solutions encourages various market players to invest in research and development (R&D) for new solution development and maximize their profits from this potential market. For instance, in September 2022, Cohda Wireless, a V2X solution provider, unveiled its vehicle-to-everything connectivity solution to assist connected cars in paving the way on smart highways & roads across the world. The new solutions include the On-Board Unit (OBU) and MK6 Road-Side Unit (RSU), which provide improved processing power and security for unique and complex applications in connected vehicles, supporting the market growth.

Unit Type Insights

The on-board units (OSUs) segment accounted for the largest revenue share of 58.3% in 2022. The on-board units are sleek and sophisticated in design, ensuring robust connectivity of vehicle to infrastructure (V2I) and creating a seamless driving experience for users. The on-board units are quick & easy to deploy, and they assist in setting up end-to-end applications for personal stations (mobile devices) and roadside stations, which ensures secured communication between them and central intelligent transportation system (ITS) stations, creating significant opportunities in the market.

The roadside units (RSUs) segment is expected to grow with a CAGR of 17.7% over the forecast period. The significant growth of the roadside units can be attributed to the RSUs' assistance in improving safety & emergency response, smooth traffic flow, and providing other additional services. The market players are developing RSU units integrated with enhanced cybersecurity solutions to secure data transfer and avoid loss. For instance, in May 2022, transportation and IT systems company Yunex Traffic launched a new RSU model, RSU2X, which uses C-V2X signals or Dedicated Short Range Communications (DSRC) services to transmit red light notices, the wrong way and speed limit warnings. The RSU2X is developed using the National Institute of Standards and Technology (NIST) cybersecurity framework with regular risk and threat analysis & other hardening measures, propelling the segment growth.

Connectivity Insights

The Dedicated Short Range Communications (DSRC) segment accounted for the largest revenue share of over 64.0% in 2022. The DSRC segment's growth can be attributed to its low latency, high reliability, and very little interference in extreme weather conditions. Further, in DSRC, vehicles validate the authenticity of the received messages and immediately notify the driver or user if incoming messages are found suspicious, supporting the segment growth. The DSRC also provides a key foundation for V2I and Vehicle-to-Vehicle (V2V) safety by offering robust connectivity between users, creating a positive segment outlook in the market.

The cellular segment is expected to witness the highest CAGR of 19.4% over the forecast period. The cellular segment is experiencing significant growth owing to technological advancements in automotive5G infrastructureand market players’ initiatives to counter digital threats. Moreover, cellular connectivity has multiple benefits, such as long-range, real-time vehicle telematics and end-to-end remote monitoring & management of the automotive Internet-of-Things (IoT).

Communication Insights

The vehicle-to-vehicle (V2V) segment accounted for the largest revenue share of more than 34.0% in 2022. The V2V segment’s market share can be attributed to increasing usage of telematics systems in the vehicles and rising awareness among fleet companies forvehicle trackingand driver safety. Increasing hackers’ unauthorized entry through electronic control units (ECUs), infotainment & telematics systems and on-board diagnostic (OBD) connectors are creating a favorable environment for V2V cybersecurity solutions, driving the segment growth.

The vehicle-to-grid (V2G) segment is expected to witness the highest CAGR of over 21.7% during the forecast period. The V2G segment is experiencing significant growth due to this technology's increasing adoption to enable electric vehicles to securely push back the power to the grid. Increasing market players' focus on improving the efficiency of V2G technology is expected to create robust opportunities for segment growth in the vehicle-to-everything cybersecurity market. For instance, in December 2022, electric transmission & distribution company Oncor Electric Delivery (Oncor) collaborated with Toyota Motor North America for a pilot project to develop the V2G technology to support the Electric Vehicle (EV) charging ecosystem in the U.S.

Propulsion Insights

Theinternal combustion engine(ICE) segment held the highest market share of around 60.0% in 2022. The significant market share can be attributed to the increasing usage of telematics in ICE vehicles to improve the driver’s safety by establishing connections with other safety & driver assistance systems. The V2X cybersecurity solutions ensure secure and accurate transmission of traffic information, route suggestions, and internal hazard warnings to the users, thereby creating robust opportunities for segment growth.

The electric & hybrid segment is anticipated to expand with a CAGR of 19.8% during the forecast period. The segment growth can be attributed to the initiatives by market players to increase the productivity of electric & hybrid vehicles. For instance, in May 2023, infrastructure solution provider InCharge Energy launched a vehicle-to-everything DC charger range forelectric vehicles. This charging management system enables fleet managers to digitally monitor, operate, and maintain their EV charging infrastructure, supporting segment growth.

Vehicle Type Insights

The passenger cars segment held the highest market share of more than 65.0% in 2022 and is expected to maintain its dominance over the forecast period. The significant market share can be attributed to the increasing use of V2X cybersecurity solutions in hybrid andelectric passenger cars. Increasing Channel Denial of Service (DoS), in which malicious bots intentionally disturb the electromagnetic channels used for V2X communication, is fuelling the growth of the market in passenger cars.

The commercial vehicles segment is anticipated to expand at a CAGR of 20.4% during the forecast period. The significant growth can be attributed to the initiatives by the governments of various countries to improve safety on the road using digital technologies. The governments are partnering with smart transportation solution providers to manage the Intelligent Transportation System (ITS) solutions, creating robust opportunities for market growth. For instance, in September 2023, the Florida Department of Transportation selected engineering services company Jacobs to operate and maintain theintelligent transportation systemsfor its division, Florida's Turnpike Enterprise. The company will manage, operate, and maintain the ITS system of more than 500 miles of connected highway across the state.

Security Type Insights

The endpoint security segment held the highest market share of more than 40.0% in 2022. Endpoint security provides policy-based network security, which requires the devices to comply with specific policies before gaining access to the network. The companies operating in the market are adopting various business strategies to advertise their endpoint security solutions, supporting the market. For instance, in October 2021, mobility security solutions provider AUTOCRYPT Co., Ltd. presented its V2X security product, which includes an endpoint security library and centralized management system with a customizable User Interface (UI) at ITS World Congress 2021 in Hamburg, Germany.

The cloud security segment is expected to hold the highest CAGR of more than 20.7% through 2030. The rising adoption of cloud-based solutions in the market owing to its various benefits, such as low operating costs, diverse product portfolio offered by market players, robust synchronization between connected devices or systems, and enhanced security, is creating a positive outlook for cloud security solutions in the market.

Regional Insights

North America held the highest market share of more than 30.0% in 2022. In North America, the market is expanding progressively in line with rapid technological advancements in the automotive sector, significant sales of autonomous cars, and supportive government initiatives for smart transportation systems. For instance, in August 2022, the U.S. Department of Transportation's Federal Transit Administration (FTA) and Federal Highway Administration (FHWA) invested USD 49.5 million to improve multimodal connections and mobility for millions of people who travel on the nation's transit systems and highways. The amount will be used to implement the system, which detects & avoids wrong-way crashes, reduces congestion, strengthens connected vehicles' cybersecurity, and enhances trucking operations.

拉丁美洲将注册最快的growth with a CAGR of more than 22.0%, over the forecast period. The growth of this region can be attributed to the increasing number of cybercrimes and the region's expanding digital penetration. The hackers are adopting several computer hacking strategies such as phishing, DoS, and malware attacks on connected vehicle systems, which are forcing stakeholders in the automotive market to adopt advanced cybersecurity solutions to establish a secure digital automotive ecosystem, creating a favorable environment for the vehicle-to-everything cybersecurity market in Latin America.

Key Companies & Market Share Insights

2022年该行业的主要市场参与者lude Continental AG; ETAS (ESCRYPT);Qualcomm Technologies, Inc.; DENSO CORPORATION; Infineon Technologies AG; and others. These companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they serve, the sophistication of their technology, their strategy to differentiate their products, and their industry impact.

The key strategies include strategic collaborations, partnerships, and agreements, new product development, capability expansion, mergers & acquisitions, and research & development initiatives. For instance, in October 2022, DENSO CORPORATION partnered with telecommunication company NTT Communications Corporation to develop Security Operation Center for Vehicles (VSOC) to assist vehicles in countering the increasingly sophisticated cyberattacks on vehicles. This will help the company to strengthen its V2X cybersecurity solutions and increase its market share. Some prominent players in the global V2X cybersecurity market include:

• Aptiv

• AUTOCRYPT Co., Ltd.

• Autotalks

• Continental AG

• DENSO CORPORATION

• ETAS (ESCRYPT)

• Green Hills Software

• HARMAN International

• ID Quantique

• Infineon Technologies AG

• Karamba Security

• Lear Corporation

• NXP Semiconductors

• Qualcomm Technologies, Inc.

• Vector Informatik GmbH

V2X CybersecurityMarket Report Scope

Report Attribute	Details
Market size value in 2023	USD 2.38 billion
Revenue forecast in 2030	USD 7.97 billion
Growth rate	CAGR of 18.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030
Quantitative units	Revenue in USD billion and CAGR from 2023 to 2030
Report coverage	Revenue forecast, company market share, competitive landscape, growth factors, and trends
Segments covered	Unit type, connectivity, communication, propulsion, vehicle type, security type, region
Regional scope	北美;欧洲;亚太地区;拉丁美洲; MEA
Country scope	U.S.; Canada; UK; Germany; France; Italy; Spain; China; Japan; India; South Korea; Australia; Brazil; Mexico; Argentina; Kingdom of Saudi Arabia (KSA); UAE; South Africa
Key companies profiled	Aptiv; AUTOCRYPT Co., Ltd.; Autotalks; Continental AG; DENSO CORPORATION; ETAS (ESCRYPT); Green Hills Software; HARMAN International; ID Quantique; Infineon Technologies AG; Karamba Security; Lear Corporation; NXP Semiconductors; Qualcomm Technologies, Inc.; Vector Informatik GmbH
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Global V2X Cybersecurity Report Market Segmentation

The report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 - 2030. For this study, Grand View Research has segmented the global V2X cybersecurity market report based on unit type, connectivity, communication, propulsion, vehicle type, security type, and region:

• Unit Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • On-board Units (OSUs)

  • Roadside Units (RSUs)

• Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)

  • Dedicated Short Range Communications (DSRC)

  • Cellular

• Communication Outlook (Revenue, USD Billion, 2018 - 2030)

  • Vehicle-to-Vehicle (V2V)

  • Vehicle-to-Infrastructure (V2I)

  • Vehicle-to-Grid (V2G)

  • Vehicle-to-Pedestrian (V2P)

  • Vehicle-to-Cloud (V2C)

• Propulsion Outlook (Revenue, USD Billion, 2018 - 2030)

  • Internal Combustion Engine (ICE)

  • Electric & Hybrid

• Vehicle Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Passenger Cars

  • Commercial Vehicles

• Security Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Endpoint Security

  • Software Security

  • Cloud Security

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • India

    • China

    • Japan

    • Australia

    • South Korea

  • 拉丁美洲

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa (MEA)

    • UAE

    • Saudi Arabia

    • South Africa