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.
MARKET SCOPE
The "Global V2X Cybersecurity Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the V2X cybersecurity market with detailed market segmentation by unit type, connectivity, communication, security, vehicle type, and geography. The report provides key statistics on the market status of the leading V2X cybersecurity players and offers key trends and opportunities in the market.
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
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The V2X cybersecurity market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the V2X cybersecurity marketin these regions.
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.
MARKET PLAYERS
The report covers key developments in the V2X cybersecurity market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from V2X cybersecurity market are anticipated to lucrative growth opportunities in the future with the rising demand for V2X cybersecurity market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the V2X cybersecurity market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AUTOCRYPT
- Autotalks Ltd.
- ESCRYPT
- HARMAN International
- ID Quantique
- IDnomic
- Infineon Technologies AG
- Karamba Security
- NXP Semiconductors
- Vector Informatik GmbH
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.