Vehicle-To-Everything (V2X) Cybersecurity Market to Surpass $5.26 Billion by 2029 | Key Trends & Insights

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How Will the Vehicle-To-Everything (V2X) Cybersecurity Market Grow by 2025 in Terms of Size and Growth?
The market size of the vehicle-to-everything (v2x) cybersecurity has experienced a significant surge in growth over the recent years. The market, with a valuation of $1.99 billion in 2024, is expected to expand to $2.43 billion in 2025, indicating a compound annual growth rate (CAGR) of 22.3%. Factors that have contributed to its expansion over the historical period include high-profile cyber threats, the establishment of cybersecurity regulations and standards, an increase in the number of connected vehicles, the introduction of v2x communication standards, and the digitization of the automotive industry.

What Are the Estimated Growth Rates for the Vehicle-To-Everything (V2X) Cybersecurity Industry Through 2029?
The market for vehicle-to-everything (v2x) cybersecurity is predicted to experience considerable expansion over the coming years, with projections estimating a value of $5.26 billion in 2029 and a compound annual growth rate (CAGR) of 21.2%. This predicted growth throughout the forecast period is due to increased need for user verification, partnerships between sectors such as automotive, technology, and cybersecurity, exploration of blockchain for secure and tamper-proof v2x data transfer, the unification of Internet of Things (IoT) devices with v2x systems, and an uptick in electric and self-driving vehicles. Key trends throughout this forecast period include advancements in v2x ecosystem technology, progress in cryptography, the inclusion of 5g technology, the creation of improved encryption and verification methods to secure v2x communications, and the execution of secure over-the-air (OTA) updates.

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What Are the Strategic Drivers Boosting Vehicle-To-Everything (V2X) Cybersecurity Market Performance?
The vehicle-to-everything (V2X) cybersecurity market is predicted to expand due to the increasing prevalence of connected vehicles. These are automobiles enhanced with internet access and onboard sensors allowing them to communicate with other machinery, networks, and infrastructures. This improves their safety, efficiency, and convenience on our roads. The growing number of these vehicles results from technological advancements, burgeoning consumer desire for innovative features, improved efficiency and safety virtues, along with the growth of infrastructure that facilitates connected car functionalities. V2X cybersecurity is critical in safeguarding data interactions between these smart vehicles and infrastructure, delivering reliable, secure connections and staving off potential cyber dangers. For instance, Statistics Canada, a government agency, revealed that as of June 2024, the total number of road motor vehicles registered in Canada in 2022 hit 26.3 million demonstrating a 0.3% climb compared to 2021. Subsequently, the rising interest in connected vehicles is a crucial driver for the growth of the vehicle-to-everything (V2X) cybersecurity market.

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What Are the Segments 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

What Are the Key Adoption Trends in the Vehicle-To-Everything (V2X) Cybersecurity Market?
Key players in the vehicle-to-everything (V2X) cybersecurity market are focused on innovating advanced technologies such as Vehicle Secure Communication Management Systems for gaining a competitive hold within this sector. A Vehicle Secure Communication Management System (VSCMS) is a techno-solution involving a combination of software and hardware engineered to guarantee secure and dependable communication between vehicles and external factors like infrastructure, other vehicles, and even the cloud. A case in point is AUTOCRYPT, a South Korean company specializing in comprehensive automotive cybersecurity solutions. In January 2022, they introduced AutoCrypt SCMS Version 5.0, the recent upgrade to its Secure Communication Management System (SCMS) for Vehicle-to-Everything (V2X) security. This upgraded version is designed to boost the security and dependability of V2X communication, a crucial aspect for ensuring optimum safety and efficiency in autonomous vehicles and intelligent transportation systems. The revised SCMS utilizes high-end encryption and key management strategies to guard V2X data against unauthorized access and manipulation, ensuring a secure and credible communication atmosphere for all connected vehicles and infrastructure.

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Which Companies Lead the Competitive Landscape of the Vehicle-To-Everything (V2X) Cybersecurity Industry?
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

Where Are the Key Vehicle-To-Everything (V2X) Cybersecurity Market Opportunities by Region?
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.

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