Research Nester published a report titled “V2X Cybersecurity Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of theglobalV2X cybersecurity market in terms of market segmentation by communication type, unit type, security type, vehicle type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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. Apart from these, growing development of autonomous vehicles by major automobile manufacturers is also expected to drive market growth in the forthcoming years.
The market is segmented by communication type, unit type, security type and vehicle type. 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. 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.
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. 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.
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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 [Finland, Sweden, Norway, Denmark], 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 [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Number of Cyber Threats Globally to Drive Market Growth
Owing to large number of technological advancements, massive amounts of data are being generated by vehicles. 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. This in turn is projected to boost the market growth in the near future.
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.
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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. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global V2X cybersecurity market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.