V2X Cybersecurity Market Poised for $5.7 Billion Growth by 2031

V2X Cybersecurity Market Size

OREGAON, PORTLAND, UNITED STATES , March 27, 2024 /EINPresswire.com/ — Allied Market Research recently published a report, titled, “V2X Cybersecurity Market by Unit Type (On-Board Unit, Roadside Unit), by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), by Propulsion Type (ICE, Electric and Hybrid, Others), by Communication (Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Grid, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031″. As per the report, the size of global V2X Cybersecurity industry accounted for $0.72 billion in 2021, and is expected to reach $5.7 billion by 2031, growing at a CAGR of 21.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

🔰𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/A12289

𝐏𝐫𝐢𝐦𝐚𝐫𝐲 𝐠𝐫𝐨𝐰𝐭𝐡 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬

The growth of the global V2X cybersecurity market is attributed to the developments in cellular-V2X technology is anticipated to be the primary driver of the market. Moreover, growth in cybersecurity mandates and a rise in threats associated with automotive cybersecurity might push the growth rate of the market. On the contrary, high implementation costs of V2X cybersecurity solutions might restrict the growth of the market. Nevertheless, growing demand for vehicle security using adaptive security is expected to open up new growth opportunities in the market.

𝐓𝐡𝐞 𝐨𝐧-𝐛𝐨𝐚𝐫𝐝 𝐮𝐧𝐢𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐛𝐞 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 𝐛𝐲 𝟐𝟎𝟑𝟏

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐮𝐧𝐢𝐭 𝐭𝐲𝐩𝐞, the on-board unit segment accounted for the highest market share in 2021 with around three-fifths of the total market revenue. Moreover, the segment is predicted to demonstrate the fastest CAGR of 21.9% during the 2022-2031 period. Rising adoption of advanced drive assist systems (ADAS) is anticipated to propel the market ahead.

𝐓𝐡𝐞 𝐥𝐢𝐠𝐡𝐭 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐫𝐚𝐩𝐢𝐝𝐥𝐲 𝐛𝐲 𝟐𝟎𝟑𝟏

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐭𝐲𝐩𝐞, the light commercial vehicle segment is likely to showcase a CAGR of 22.3% during the analysis timeframe. Widespread adoption of V2X technology by various light commercial vehicles to establish communication between vehicles and the transportation infrastructure is estimated to push the segment ahead. On the other hand, the passenger car segment is projected to gather the highest revenue in 2021 with around two-thirds of the total revenue. Escalating demand for semi-autonomous cars is predicted to play a huge role in the industry’s rise.

🔰𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/v2x-cybersecurity-market/purchase-options

𝐓𝐡𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐚𝐧𝐝 𝐡𝐲𝐛𝐫𝐢𝐝 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐟𝐥𝐨𝐮𝐫𝐢𝐬𝐡 𝐢𝐦𝐦𝐞𝐧𝐬𝐞𝐥𝐲 𝐛𝐲 𝟐𝟎𝟑𝟏

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐩𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 𝐭𝐲𝐩𝐞, the electric and hybrid segment accounted for the largest market share in 2021 with nearly half of the total revenue. Rising adoption of fuel-efficient and high-performance vehicles owing to stringent government legislations will help the market to expand. On the other hand, the ICE segment is estimated to demonstrate the fastest CAGR of 23.6% during the analysis timeframe. Widespread adoption of V2X and ADAS technologies might widen the scope of the market.

𝐓𝐡𝐞 𝐯𝐞𝐡𝐢𝐜𝐥𝐞-𝐭𝐨-𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐨𝐟𝐟𝐞𝐫 𝐧𝐮𝐦𝐞𝐫𝐨𝐮𝐬 𝐥𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐛𝐲 𝟐𝟎𝟑𝟏

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧, the vehicle-to-vehicle segment is predicted to have the fastest CAGR of 22.9% during the analysis timeframe. Additionally, the segment accounted for the highest market share in 2021 with around one-third of the total share. Growing adoption of vehicle-to-vehicle communication for enhancing traffic management is expected to propel the segment’s rise.

𝐄𝐮𝐫𝐨𝐩𝐞 𝐡𝐞𝐥𝐝 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐬𝐡𝐚𝐫𝐞

𝐁𝐲 𝐫𝐞𝐠𝐢𝐨𝐧, the global V2X cybersecurity market across Europe held the largest share in 2021, accounting for more than one-third of the market. Furthermore, the region is expected to showcase the highest CAGR of 23.0% 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.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Altran
ESCRYPT
Karamba Security
APTIV
Green Hills Software LLC.
NXP Semiconductors
AUTOCRYPT Co., Ltd.
HARMAN International
Qualcomm Technologies, Inc.
Autotalks Ltd.
ID Quantique SA
SafeRide Technologies
Continental AG
Infineon Technologies AG
Vector Informatik GmbH

🔰𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/A12289

The report also studies the major companies in the market along with different strategies adopted by them, including mergers and acquisitions, to establish their dominance in the industry.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/automotive-cyber-security-market-A08901 – Global Opportunity Analysis and Industry Forecast, 2021-2030

https://www.alliedmarketresearch.com/military-sensors-cybersecurity-solutions-market-A10355 – Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/railway-cybersecurity-market-A12189 – Global Opportunity Analysis and Industry Forecast, 2021-2030

https://www.alliedmarketresearch.com/north-america-v2x-cybersecurity-market-A94866 – Opportunity Analysis and Industry Forecast, 2021-2031

David Correa
Allied Market Research
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