V2X Cybersecurity Market Historical Growth Analysis, Business Opportunities and Forecast To 2028 | AUTOCRYP, Autotalks Ltd., ESCRYPT, HARMAN International

As the introduction of connected technology in new-generation vehicles grows, the possibility of a cyber attack grows. As a result, different solutions are being built to mitigate these risks, boosting the demand for connected vehicles. The cybersecurity market is still in its early stages, but it is expected to grow rapidly over the next few years due to increased investment in the production of connected vehicles, which are a key component of autonomous and semi-autonomous vehicles.

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Companies Profiled in this report includes:  AUTOCRYP, Autotalks Ltd., ESCRYPT, HARMAN International, ID Quantique,  IDnomic, Infineon Technologies AG,  Karamba Security, NXP Semiconductors, Vector Informatik GmbH

MARKET SEGMENTATION

  Based on unit type, the global V2X cybersecurity market is segmented on-board unit (OBU), roadside unit (RSU).

  On the basis of connectivity, the market is segmented into DSRC, Cellular.

  Based on communication, the market is bifurcated into V2V, V2I, V2G, V2C, V2P.

  Based on security, the market is bifurcated into PKI, and embedded.

  Based on vehicle type, the market is bifurcated into passengercars, commercial vehicles.

MARKET DYNAMICS

Drivers:

Rise in dependency on the internet

Rapid development for autonomous vehicles by major auto manufacturers and integration of connected technologies

Restraints

  Lack of standardization and shortage of IT resources

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IMPACT OF COVID-19 ON V2X CYBERSECURITY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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