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V2X Cybersecurity Market worth $142.33 billion by 2030, growing at a CAGR of 16.10% - Exclusive Report by 360iResearch
V2X Cybersecurity Market | 360iResearch
The Global V2X Cybersecurity Market to grow from USD 50.04 billion in 2023 to USD 142.33 billion by 2030, at a CAGR of 16.10%.
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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.
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 Segmentation & Coverage:
This research report categorizes the V2X Cybersecurity Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Form, market is studied across External Cloud Services and In-Vehicle. The In-Vehicle is projected to witness significant market share during forecast period.
Based on Unit Type, market is studied across On-board Units and Roadside Units. The On-board Units is projected to witness significant market share during forecast period.
Based on Communication, market is studied across Vehicle-to-Cloud (V2C), Vehicle-to-Grid (V2G), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Vehicle (V2V). The Vehicle-to-Pedestrian (V2P) is projected to witness significant market share during forecast period.
Based on Security, market is studied across Embedded and PKI. The Embedded is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars. The Commercial Vehicles is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 42.10% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the V2X Cybersecurity Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the V2X Cybersecurity Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. V2X Cybersecurity Market, by Form
7. V2X Cybersecurity Market, by Unit Type
8. V2X Cybersecurity Market, by Communication
9. V2X Cybersecurity Market, by Security
10. V2X Cybersecurity Market, by Vehicle Type
11. Americas V2X Cybersecurity Market
12. Asia-Pacific V2X Cybersecurity Market
13. Europe, Middle East & Africa V2X Cybersecurity Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the V2X Cybersecurity Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the V2X Cybersecurity Market?
3. What is the competitive strategic window for opportunities in the V2X Cybersecurity Market?
4. What are the technology trends and regulatory frameworks in the V2X Cybersecurity Market?
5. What is the market share of the leading vendors in the V2X Cybersecurity Market?
6. What modes and strategic moves are considered suitable for entering the V2X Cybersecurity Market?
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