V2X Cybersecurity Market by Type of V2X Communication (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Network (V2N)), Deployment Mode (Cloud-based, On-premise), Solution Type (Endpoint Security, Network Security, Application Security, Data Loss Prevention, Identity & Access Management), End-Use Industry (Automotive Manufacturers, Fleet Management, Road Infrastructure Providers, Telecom & Networking Providers), and Region: Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the V2X Cybersecurity Market was valued at USD 3.5 billion in 2023 and will surpass USD 12.7 billion by 2030; growing at a CAGR of 20.1% during 2024 - 2030.

The Vehicle-to-Everything (V2X) cybersecurity market is rapidly evolving as the automotive industry embraces smart technologies and connected systems to enhance vehicle safety and efficiency. V2X communications enable vehicles to interact with other vehicles, infrastructure, pedestrians, and networks, creating a seamless ecosystem that supports advanced driver-assistance systems (ADAS) and autonomous driving features. However, the increased connectivity of these systems introduces significant cybersecurity challenges, making the protection of data and communication networks crucial. As the adoption of connected vehicles and smart transportation infrastructure grows, the demand for robust cybersecurity solutions to safeguard V2X communications continues to rise. This market is witnessing significant innovations, driven by both the need for secure automotive environments and regulatory pressures surrounding safety and privacy.

Vehicle-to-Vehicle (V2V) Communication Segment Is Largest Owing to Its Key Role in Safety Features

The Vehicle-to-Vehicle (V2V) communication segment is the largest in the V2X cybersecurity market, owing to its crucial role in enhancing road safety and enabling autonomous driving. V2V allows vehicles to communicate with each other in real-time to share information such as speed, direction, and braking status, helping to prevent collisions and reduce traffic accidents. As a result, V2V communication is a core component of many advanced driver-assistance systems (ADAS), which are increasingly being integrated into new vehicles. With the growing demand for improved road safety and the push for autonomous vehicles, V2V communication systems are expected to become even more widespread, leading to a significant increase in the need for advanced cybersecurity solutions to protect these systems from malicious threats and hacking attempts. V2V's dominance in the market is driven by its pivotal role in accident prevention, which makes it essential for the future of smart, connected transportation.

Cloud-Based Deployment Mode Is Fastest Growing Owing to Scalability and Flexibility

The cloud-based deployment mode is the fastest-growing subsegment in the V2X cybersecurity market, driven by the increasing need for scalability, flexibility, and cost-efficiency in cybersecurity solutions. Cloud-based platforms allow for centralized management of V2X communications, enabling real-time monitoring and quick response to potential security threats. These platforms offer several advantages, including ease of updates and maintenance, which are essential as the V2X ecosystem continues to evolve with new devices and technologies. The ability to scale security solutions across a growing number of connected vehicles and infrastructure is particularly attractive to automotive manufacturers and fleet operators. As the automotive industry accelerates its transition to cloud-based systems for connected services, the demand for cloud-based V2X cybersecurity solutions is expected to continue expanding, offering greater operational efficiency and security for all stakeholders.

Network Security Solution Type Is Largest Owing to the Complexity of V2X Communication Systems

The network security solution type is the largest in the V2X cybersecurity market, owing to the complex nature of V2X communication systems that rely heavily on data transmission across networks. V2X communication systems must exchange vast amounts of data between vehicles, infrastructure, and networks, creating multiple points of vulnerability that cybercriminals could exploit. Network security solutions are designed to protect these data exchanges from hacking, unauthorized access, and potential disruptions that could jeopardize the safety and functionality of connected vehicles. With the growing sophistication of cyberattacks and the critical nature of data integrity in V2X communications, the need for advanced network security solutions has become paramount. Automotive manufacturers, fleet managers, and infrastructure providers are investing heavily in robust network security systems to ensure that the flow of information between connected vehicles and smart infrastructure remains secure, protecting both the vehicles and the people using them.

Automotive Manufacturers End-Use Industry Is Largest Owing to Industry's Focus on Vehicle Connectivity

The automotive manufacturers end-use industry is the largest in the V2X cybersecurity market, driven by the automotive sector’s increased focus on vehicle connectivity and the development of autonomous driving technologies. Automotive manufacturers are adopting V2X communication systems to enhance vehicle safety, improve traffic flow, and enable more efficient road networks. These manufacturers are also incorporating connected vehicle technologies into their offerings as part of the transition toward electric and autonomous vehicles, making cybersecurity a critical aspect of their development process. With the global automotive industry investing heavily in smart and connected vehicles, the demand for cybersecurity solutions to protect these technologies from cyber threats is expected to continue to grow. As manufacturers strive to meet consumer demand for safer, more connected vehicles, the adoption of V2X cybersecurity solutions remains integral to the industry's long-term success.

North America Region Is Largest Owing to Technological Advancements and Industry Investment

North America is the largest region in the V2X cybersecurity market, driven by technological advancements, high levels of industry investment, and strong regulatory frameworks. The United States and Canada are at the forefront of the development and adoption of connected vehicle technologies, with numerous automotive manufacturers, tech companies, and infrastructure providers working to create and implement V2X communication systems. These countries also have established infrastructure for autonomous vehicles, which is expected to further drive the need for cybersecurity solutions to protect connected systems. The region’s robust investment in research and development, particularly in the areas of cybersecurity and smart infrastructure, positions North America as a key player in the V2X cybersecurity market. Additionally, the regulatory environment in North America, including stringent safety and data protection standards, ensures that the demand for cybersecurity solutions will continue to grow as the V2X ecosystem expands.

Leading Companies and Competitive Landscape

The V2X cybersecurity market is highly competitive, with several prominent companies leading the development and deployment of advanced cybersecurity solutions for connected transportation systems. Key players in this market include industry giants like Cisco Systems, Harman International, NXP Semiconductors, and Intel Corporation. These companies offer a range of cybersecurity solutions tailored to the specific needs of V2X communication systems, including endpoint security, network security, and data protection technologies. The market is characterized by continuous innovation, as companies seek to address the emerging threats associated with connected vehicles and infrastructure. Strategic partnerships, acquisitions, and collaborations are common in this market, as stakeholders from the automotive, telecommunications, and cybersecurity industries come together to enhance the security of V2X systems. As the market matures, these leading companies will continue to play a critical role in shaping the future of V2X cybersecurity and ensuring the safe and secure operation of connected transportation ecosystems.

Recent Developments:

• Qualcomm Inc. announced the launch of a new V2X communication platform featuring enhanced security features to protect against potential cyber threats in connected vehicle networks
• Intel Corporation acquired a cybersecurity startup focused on connected and autonomous vehicle security, strengthening its position in the V2X cybersecurity market
• NXP Semiconductors expanded its V2X cybersecurity offerings by introducing advanced security solutions that safeguard communication between vehicles and infrastructure, enhancing autonomous driving safety
• Harman International partnered with Palo Alto Networks to integrate cutting-edge cybersecurity solutions into its V2X communication systems, ensuring the safety of connected vehicles
• McAfee secured a contract with a major automotive manufacturer to provide cybersecurity for their next-generation connected vehicles, ensuring end-to-end protection for V2X networks

List of Leading Companies:

• Atos
• Blackberry QNX
• Bosch Security Systems
• Check Point Software Technologies
• Cisco Systems
• Ericsson
• Fortinet
• Harman International
• Intel Corporation
• McAfee
• NXP Semiconductors
• Palo Alto Networks
• Qualcomm Inc.
• Thales
• Toyota Information Technology Center

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