V2X Cybersecurity Market is expected to drive market expansion in the near future at a CAGR of 52.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global V2X Cybersecurity Market” that contains information from 2019 to 2032. The V2X Cybersecurity market is estimated to register a CAGR of 52.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global V2X Cybersecurity market— ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), and Continental AG (Germany).

V2X Cybersecurity Highlights

The global V2X Cybersecurity market is accounted to register a CAGR of 52.00% during the forecast period and is estimated to reach USD 1.37 billion by 2032.

The development of autonomous and networked cars requires advanced V2X communication technology. A V2X communication system makes use of a variety of networks, sensors, devices, and connectivity choices that generate a large volume of data that needs to be processed. To prevent misuse, this data's privacy needs to be protected. Once the system is successfully breached, hackers gain access to extensive data that includes the driver, cloud, infrastructure, and vehicle. However, many suppliers who previously did not deal with automobiles are now turning their attention to the automotive sector. Revenue distribution has become a challenging issue for stakeholders due to the fragmentation of the value chain across several industries. The lack of cybersecurity solution standardization makes it extremely difficult to develop countermeasures in the V2X cybersecurity sector.

Segment Analysis

The global V2X Cybersecurity market has been segmented based on Connectivity, Communication, Vehicle Type, Security Framework, Form, Propulsion, and Security Type.

On the basis of Connectivity, the market is segmented into Cellular and DSRC. The Cellular segment was attributed to holding the largest market share in 2023. The cellular segment is expanding due to technological advancements in 5G infrastructure.

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Based on Communication, the global V2X Cybersecurity market has been segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V21), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Grid (V2G). The Vehicle-to-Vehicle (V2V) segment was expected to hold the largest market share in 2023. The expanding use of telematics systems in vehicles is driving this segment's growth.

On the basis of Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. The Passenger Cars segment was attributed to holding the largest market share in 2023. Channel Denial of Service (DoS), the intentional disruption of V2X communication channels by malicious bots, is becoming more common and is driving the passenger automobile sector.

Based on the Security Framework, the global V2X Cybersecurity market has been segmented into PKI and Embedded. The PKI segment was expected to hold the largest market share in 2023. Global worries about road safety and the increased emphasis on autonomous mobility are expected to fuel demand for On-Board Units (OBUs) and Roadside Units (RSUs).

On the basis of Form, the market is segmented into In-Vehicle and External Cloud Services. The External Cloud Services segment was attributed to holding the largest market share in 2023, resulting in lower operating expenses and a variety of goods provided by market participants.

Based on Propulsion, the global V2X Cybersecurity market has been segmented into Internal Combustion Engines and Electric Vehicles. The Internal Combustion Engines segment was expected to hold the largest market share in 2023. The need for automotive systems, technologies, and parts is expected to increase due to the ongoing requirement for internal combustion engine (ICE) vehicles.

On the basis of Security Type, the market is segmented into Endpoint Security, Software Security, and Cloud Security. The Software Security segment was attributed to holding the largest market share in 2023. V2X cybersecurity requires software security because it protects the confidentiality, availability, and integrity of communications between automobiles and their surroundings.

Regional Analysis

The global V2X Cybersecurity market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe V2X Cybersecurity market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The V2X Cybersecurity market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World V2X Cybersecurity market comprises the Middle East, Africa, and Latin America.

The largest market share for V2X Cybersecurity was maintained by the North American regional sector. Rapid technological developments in the automobile industry, substantial sales of driverless vehicles, and encouraging government programs for intelligent transportation networks are all contributing to the market's steady expansion. The Federal Transit Administration (FTA) and Federal Highway Administration (FHWA) of the U.S. Department of Transportation, for example, invested USD 49.5 million in August 2022 to enhance multimodal connections and mobility for millions of people who use the country's transit systems and highways. The money will go toward putting the system into place, which decreases traffic, fortifies the cybersecurity of linked cars, improves transportation operations, and identifies and prevents crashes that happen in the wrong direction.

Moreover, the Europe market has been persistently growing over the forecast period. Cooperative Intelligent Transport Systems (C-ITS) involving V2X communication have been implemented and promoted by the European Union (EU). By guaranteeing the communication channels' cybersecurity, these technologies seek to improve traffic efficiency, road safety, and sustainability. In order to guarantee that V2X systems follow strict security guidelines, the EU also works with the automobile sector, academic institutions, and cybersecurity specialists. In order to solve cybersecurity concerns collectively, public-private partnerships are encouraged.

Additionally, because China and Japan have been the sites of multiple V2X technology deployments and pilot projects, the Asia-Pacific region controlled a significant portion of the market in 2023. These programs frequently act as testing grounds for assessing the performance of V2X communication and related cybersecurity safeguards. The potential for V2X cybersecurity is increased by the introduction of 5G networks in the Asia Pacific. More effective and dependable V2X communication may result from 5G networks' high speed and low latency, but equivalent cybersecurity precautions are required.

Furthermore, the Rest of the World's V2X Cybersecurity market is divided into the Middle East, Africa, and Latin America. The rising number of cybercrimes and the region's growing digital penetration are the reasons for this region's rise. In order to establish a secure digital automotive ecosystem, hackers are using a variety of computer hacking techniques, including phishing, denial-of-service attacks, and malware attacks on connected vehicle systems. This is creating a favorable environment for the Latin American vehicle-to-everything cybersecurity market by forcing stakeholders to adopt advanced cybersecurity solutions.

Key Findings of the Study

• The global V2X Cybersecurity market is expected to reach USD 1.37 billion by 2032, at a CAGR of 52% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market Because China and Japan have been the sites of multiple V2X technology deployments and pilot projects.


• Based on Propulsion, the ICE segment was attributed to holding the largest market in 2023,


• ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), and Continental AG (Germany) are the key market players.