![]() This report also provides the existing competitive scenario of some of the key players of the global V2X cybersecurity market which includes company profiling of Continental AG, Autotalks Ltd., Infineon Technologies AG, Vector Informatik GmbH, HARMAN International, Denso Corporation, Infineon Technologies AG, AUTOCRYPT Co., Ltd., Capgemini Engineering, ID Quantique SA, and others. However, difficulty in keeping up with evolutions in V2X ecosystems is expected to operate as key restraint to the growth of the global V2X cybersecurity market over the forecast period. This in turn is projected to boost the market growth in the near future. As V2X communication system is an integral part of developing connected and autonomous vehicles, privacy of this data needs to be ensured for avoiding data misuse. Owing to large number of technological advancements, massive amounts of data are being generated by vehicles. Rising Number of Cyber Threats Globally to Drive Market Growth has also been covered and displayed in the research report. In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa). Asia Pacific is evaluated to grab the largest share and witness noteworthy growth in the market during the forecast period attributing to the increasing sales of V2X equipped vehicles, and surge in demand for cybersecurity solutions in the region. Geographically, the global V2X cybersecurity market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Additionally, by unit type, the on-board unit segment is projected to gather the largest share over the forecast period ascribing to the fact that a vehicle requires OBU for all types of V2X communications. Based on vehicle type, the passenger cars segment is anticipated to grab the largest market share during the forecast period on the back of surging demand for connected car technologies in passenger cars. The market is segmented by communication type, unit type, security type and vehicle type. Apart from these, growing development of autonomous vehicles by major automobile manufacturers is also expected to drive market growth in the forthcoming years. The global V2X cybersecurity market is estimated to occupy a sizeable revenue by growing at a CAGR of ~33% during the forecast period, i.e., 2022 - 2030, owing to the escalating number of cyberattacks worldwide, and rising amount of data generated by vehicles.
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