V2X Cybersecurity Market Grow USD 5.7 Billion by 2031 | Continental AG, HARMAN International, NXP Semiconductors, Altran
OREGAON, PORTLAND, UNITED STATESย , July 5, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โV2X Cybersecurity Market1," The V2X cybersecurity market was valued at $0.72 billion in 2021, and is estimated to reach $5.7 billion by 2031, growing at a CAGR of 21.6% from 2022 to 2031.
In 2021, Europe region dominated the market in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. U.S. and China dominated the V2X cybersecurity market in 2021. The rapid growth of the automobile sector across all segments along with rise in customer inclination toward advancements of the fuel-efficient vehicles propels the growth of the market.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.alliedmarketresearch.com/request-sample/A12289
The prominent key factors that drive the growth of the V2X cybersecurity market are increase in cybersecurity mandates, advancement in Cellular-V2X (C-V2X) technology, and growing automotive cybersecurity threat. The increasing adoption of V2X technology in vehicle generates large amount of data related to vehicle, which encourages hackers to threat the security and safety of connected vehicles infrastructure. The hackers can manipulate data transmission that can weaken real-life safety. The successful attempts to attacks on communication and V2X infrastructure can impact all endpoints that potentially lead to danger. Owing to all these factors, the demand for V2X cybersecurity has seen significant growth in recent years.
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โฆThe study on the V2X cybersecurity market encompasses analysis across seven countries. It includes both country-specific and segment-specific evaluations, presenting values ($billion) for the projected period of 2021-2031.
โฆEmploying a research approach that integrates high-quality data, professional insights, and critical independent perspectives, this study aims to offer a well-rounded understanding of regional markets. Stakeholders can leverage this information to make informed decisions that align with their ambitious growth objectives.
โฆTo ensure comprehensive insights, the research extensively reviewed over 3,700 pieces of product literature, annual reports, industry statements, and comparable materials from major industry participants. This thorough examination enhances our understanding of the market dynamics.
๐๐ก๐ ๐จ๐ง-๐๐จ๐๐ซ๐ ๐ฎ๐ง๐ข๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
By unit type, the on-board unit segment held the largest share in 2021, accounting for more than three-fifths of the global V2X cybersecurity market. In addition, the segment is expected to manifest the highest ๐๐๐๐ ๐จ๐ ๐๐.๐%during the forecast period, due to growing demand for advanced drive assist systems (ADAS)2 and connected vehicles. The report includes a detailed analysis of the roadside unit segment.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/v2x-cybersecurity-market/purchase-options
๐๐ก๐ ๐ฅ๐ข๐ ๐ก๐ญ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
By vehicle type, the light commercial vehicle segment is projected to register the highest ๐๐๐๐ ๐จ๐ ๐๐.๐% during the forecast period. This is owing to increase in the implementation of V2X technology in light commercial vehicles to enable data exchange between vehicles and objects in the surroundings and between vehicles and the transportation infrastructure. However, the passenger car segment held the largest share in 2021, contributing to nearly two-thirds of the global V2X cybersecurity market, due to growing demand for semi-autonomous cars.
๐๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ง๐ ๐ก๐ฒ๐๐ซ๐ข๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐ง'๐ฌ ๐ฌ๐ก๐๐ซ๐
By propulsion type, the electric and hybrid segment held the largest share in 2021, accounting for more than half of the global V2X cybersecurity market, due to increase in demand for fuel-efficient, high-performance, and low-emission vehicles along with stringent government rules & regulations toward vehicle emission. However, the ICE segment is expected to showcase the highest ๐๐๐๐ ๐จ๐ ๐๐.๐% during the forecast period, owing to adoption of large number of V2X, ADAS, and other connected features equipped with ICE vehicles.
๐๐ก๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐-๐ญ๐จ-๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฌ๐ก๐จ๐ฐ๐๐๐ฌ๐ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐๐ฒ ๐๐๐๐
By communication, the vehicle-to-vehicle segment is expected to register the highest ๐๐๐๐ ๐จ๐ ๐๐.๐% during the forecast period. Moreover, the segment held the largest share in 2021, contributing to more than one-third of the global V2X cybersecurity market, due to increase in use of vehicle-to-vehicle communication to improve traffic management and reduce accidents. The report includes analysis of the vehicle-to-infrastructure, vehicle-to-grid, and others.
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฌ๐ก๐๐ซ๐
By region, the global V2X cybersecurity market across Europe held the largest share3 in 2021, accounting for more than one-third of the market. Furthermore, the region is expected to showcase the highest ๐๐๐๐ ๐จ๐ ๐๐.๐% during the forecast period, owing to rise in adoption of telematics & GNSS in fleet management services and population increase in the region. The report includes an analysis of the market across North America, LAMEA, and Europe.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A12289
๐๐๐ฃ๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ
Altran
APTIV
AUTOCRYPT Co., Ltd.
Autotalks Ltd.
Continental AG
ESCRYPT
Green Hills Software LLC.
HARMAN International
ID Quantique SA
Infineon Technologies AG
Karamba Security
NXP Semiconductors
Qualcomm Technologies, Inc.
SafeRide Technologies
Vector Informatik GmbH
David Correa
Allied Market Research
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1 https://www.alliedmarketresearch.com/v2x-cybersecurity-market-A12289
2 https://www.prnewswire.com/news-releases/v2x-cybersecurity-market-to-reach-5-7-billion-globally-by-2031-at-21-6-cagr-allied-market-research-301648321.html
3 https://www.alliedmarketresearch.com/press-release/v2x-cybersecurity-market.html
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