Shaping the Vehicle-To-Everything (V2X) Cybersecurity Market in 2025: Advancements In Security Credential Management System (SCMS) Technology For The V2X Cybersecurity Market

How Big Is the Vehicle-To-Everything (V2X) Cybersecurity Market Expected to Be, and What Will Its Growth Rate Be?
In the past few years, the market size of vehicle-to-everything (V2X) cybersecurity has seen a rapid expansion. Starting from $1.99 billion in 2024, it is projected to rise to $2.46 billion in 2025, indicating a compound annual growth rate (CAGR) of 23.5%. The significant growth during this historical period can be associated with several factors such as high-profile cyber-attacks, cybersecurity rules and regulations, swift growth in the realm of connected vehicles, the advent of new V2X communication protocols, and the overall digitization of the automotive industry.

The market size for vehicle-to-everything (V2X) cybersecurity is anticipated to experience a significant increase in the foreseeable future, reaching $5.65 billion in 2029 with a compound annual growth rate (CAGR) of 23.2%. The expansion during this forecasted period can be linked to the need for user authentication, concerted efforts between the automotive, technology, and cybersecurity sectors, the application of blockchain for secure, tamper-resistant V2X data transmission, the incorporation of Internet of Things (IoT) devices within V2X systems, and a spike in electric and autonomous vehicles. Key trends over the forecasted period involve technological progression in the V2X ecosystem, breakthroughs in cryptography, the integration of 5g technology, the creation of advanced encryption and authentication methods aimed at strengthening V2X communication security, and the establishment of secure over-the-air (OTA) updates.

What Are the Primary Growth Drivers for the Vehicle-To-Everything (V2X) Cybersecurity Market?
The vehicle-to-everything (V2X) cybersecurity market is poised for growth, driven by an increasing demand for connected vehicles. These vehicles are integrated with internet connectivity and onboard sensors, enabling communication with devices, infrastructure, and networks, thereby heightening safety, convenience, and efficiency. Technology advancements, customer preference for smart features, improved safety and efficiency, and increased infrastructure supporting connected car functionalities lead to a surge in the number of connected vehicles. V2X cybersecurity safeguards data exchanges between this infrastructure and connected automobiles, ensuring robust communication and thwarting cyber threats. For example, Statistics Canada reported in June 2024 that the total count of road motor vehicles registered in Canada topped 26.3 million in 2022, marking a 0.3% rise from 2021. Consequently, this growing preference for connected vehicles is fuelling the expansion of the vehicle-to-everything (V2X) cybersecurity market.

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Who Are the Dominant Companies Influencing Vehicle-To-Everything (V2X) Cybersecurity Market Trends?
Major companies operating in the vehicle-to-everything (V2X) cybersecurity market are Robert Bosch GmbH, Qualcomm Technologies Inc., Continental AG, Aptiv PLC, Infineon Technologies AG, NXP Semiconductors, Harman International Industries Inc., Kapsch TrafficCom AG, ETAS, Vector Informatik GmbH, Danlaw Inc., Green Hills Software, Commsignia, Argus Cyber Security Ltd., AUTOCRYPT Co. Ltd., Autotalks, ID Quantique, Karamba Security, Upstream Security Ltd., HAAS Alert, RunSafe Security

How Is the Vehicle-To-Everything (V2X) Cybersecurity Market Evolving?
Leading businesses in the vehicle-to-everything (V2X) cybersecurity industry are prioritizing the advancement of technologies such as Vehicle Secure Communication Management Systems to maintain a competitive advantage. Vehicle Secure Communication Management System (VSCMS) is a combination of software and hardware developed to guarantee secure and dependable communication between vehicles and external units like infrastructure, other vehicles, and the cloud. For example, in January 2022, AUTOCRYPT, an automotive cybersecurity solution's developer in South Korea, rolled out AutoCrypt SCMS Version 5.0, their Vehicle-to-Everything (V2X) security's Secure Communication Management System (SCMS) newest improvement. This improved version is meant to augment the safety and reliability of V2X communication, which is indispensable for the security and productivity of autonomous vehicles and smart transportation infrastructures. The revamped SCMS employs sophisticated encryption and key management strategies to safeguard V2X data from unauthorized access and manipulation, assuring a safe and reliable communication environment for all connected vehicles and facilities.

What Are the Different Segmentations in the Vehicle-To-Everything (V2X) Cybersecurity Market?
The vehicle-to-everything (V2X) cybersecurity market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Security Type: Network Security, Cloud Security, Application Security, Other Security Types
3) By Unit: On-Board Units, Roadside Units
4) By Communication: Vehicle To Vehicle, Vehicle To Infrastructure, Vehicle To Pedestrian, Vehicle To Grid, Vehicle To Cloud, Other Communications
5) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle

Subsegments:
1) By Hardware: On-Board Units (OBUs), Roadside Units (RSUs), Communication Modules, Sensors, Security Gateways
2) By Software: Intrusion Detection Systems (IDS), Firewalls, Encryption Software, Authentication And Authorization Software, Security Management Software
3) By Services: Managed Services, Professional Services

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Which Region Is at the Forefront of the Vehicle-To-Everything (V2X) Cybersecurity Market?
Asia-Pacific was the largest region in the vehicle-to-everything (V2X) cybersecurity market in 2024. The regions covered in the vehicle-to-everything (V2X) cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Vehicle-To-Everything (V2X) Cybersecurity Global Market Report?

- Market Size Analysis: Analyze the Vehicle-To-Everything (V2X) Cybersecurity Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vehicle-To-Everything (V2X) Cybersecurity Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vehicle-To-Everything (V2X) Cybersecurity Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vehicle-To-Everything (V2X) Cybersecurity Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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