1. Market Research
  2. > ICT
  3. > Cybersecurity Market Trends
V2X Cybersecurity Market by Unit Type, Form, Communication Type, Security Type, Connectivity Type, Vehicle Type And Region - Global Forecast to 2025

V2X Cybersecurity Market by Unit Type, Form, Communication Type, Security Type, Connectivity Type, Vehicle Type And Region - Global Forecast to 2025

  • July 2020
  • 191 pages
  • ID: 5934689
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The growth of the V2X cybersecurity market can be attributed to the increasing trend of connected and autonomous vehicles equipped with V2X technologies and growing cyber threats in the automotive industry.

The global V2X cybersecurity market size is projected to reach USD 3,065 million by 2025, from an estimated USD 935 million in 2020, at a CAGR of 26.8%. The advent of V2X technology will have a significant impact on connected and autonomous vehicle technologies, which, in turn, will drive the V2X cybersecurity market.

The focus of automobile manufacturers has shifted from fuel efficiency, performance, driver safety, and stability of the vehicle to additional features such as vehicle connectivity, electrification of functions, and digitalization.This change in focus has created a massive opportunity for non-automotive industry players such as Intel, Qualcomm, and Nvidia, to name a few.

Also, from the demand side, consumers are more inclined toward connected features such as navigation systems, live traffic updates, and easy access to emails via the internet in their vehicles.The growing attraction of connected cars is compelling automotive companies to develop skills in web technology, chip design, and embedded systems, starting with smartphone integration.

However, with the technological evolution of V2X communications, secure data processing has become a significant challenge. Thus, cybersecurity has gained a significant focus in the V2X communication system of vehicles.

The increasing cloud-based applications would drive the V2C segment in the forecast.

The V2C segment is projected to be the largest market during the forecast period.The fact that cloud stores all the personal/private data such as driver information, driving details, location, and vehicle details, securing V2C communications is one of the highest priorities for cybersecurity companies.

V2C is a technology where all the necessary information from vehicles is stored on the cloud in real-time as well as various cloud services are provided in the vehicle.V2C offers features such as weather updates, firmware & software updates (FOTA and SOTA), and multimedia services over the cloud (internet) inside a vehicle.

These features allow vehicle users and passengers to stay connected with the outside environment.However, such features and applications need a constant update for proper functioning.

Thus, it is the top priority for security solution providers to make cloud technology secure. To avoid any malware, security updates are provided with the help of cloud-based services. These frequent updates reduce the risks associated with data loss, and at the same time, reduce the cost of data retrieval, which helps overcome many issues related to cybersecurity.

Asia Pacific is expected to be the largest and the fastest-growing market during the forecast period
The Asia Pacific region is projected to account for the largest share of the global V2X cybersecurity market during the forecast period.The region is home to renowned V2X cybersecurity companies such as Autotalks, AutoCrypt, and Argus Security.

China is expected to be the most influential factor in the Asia Pacific V2X cybersecurity market.China has been conducting various tests and trails on cellular connectivity for V2X, and the expected country-wide launch is by 2021.

The large market share of China can also be attributed to the high sales of the Mercedes-Benz E-Class, which is equipped with V2X, especially V2C and V2I.
Moreover, increasing adoption of electric vehicles will result in the increased demand for V2X technologies, which are quite suitable for electric vehicles.Apart from this, the increasing purchasing power of the population and growing concerns over the environment have triggered the demand for V2X in Asia Pacific.

Since South Korea and Japan are among the leaders in electronics, it would enable them to design V2X solutions with better performance at a lesser price. Thus, increasing V2X use in vehicles will result in high demand for cybersecurity solutions, thus, driving the Asia Pacific V2X cybersecurity market.

North America is expected to be the second-fastest market in the forecast period
The North American automotive industry is one of the fastest-growing sectors globally.The region, which is home to the big three—Ford Motors, General Motors, and Fiat Chrysler Automobiles—is known for passenger cars with advanced comfort and safety technologies.

It is expected that market growth in North America would be significant due to the rise in application areas based on connectivity.Thus, the demand for cybersecurity solutions for cars in this region will also increase.

The region is home to many renowned V2X cybersecurity solution providers such as OnBoard Security (Qualcomm), Green Hills Software, and Harman, which would further help the market grow.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I - 40%, Tier II - 42%, and Tier III - 18%
• By Designation: C Level - 57%, D Level - 29%, and Others - 14%
• By Region: North America - 39%, Europe - 33%, and Asia Pacific - 28%

The V2X cybersecurity market comprises major companies such as ESCRYPT (Germany), OnBoard Security (US), Autotalks (Israel), AutoCrypt (Korea), and Continental (Germany).

Research Coverage:
The market study covers the V2X cybersecurity market size and future growth potential across different segments such as by unit type, connectivity, communication, security, vehicle type, form, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
• The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall V2X cybersecurity market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on