#AutomotiveV2XMarket

[businesstobusiness-b2b]

Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle Type (Passenger Cars, and Commercial Vehicles), Propulsion (ICE and EV), Unit, Offering, Technology and Region

[businesstobusiness-b2b]

V2X Cybersecurity Market Report, Size, Share and Forecast to 2025

According to the new market research report "V2X Cybersecurity Market by Unit Type (OBU and RSU), Form (In-vehicle and External Cloud Services), Communication Type (V2I, V2V, V2G, V2C, and V2P), Security Type (PKI and Embedded), Connectivity Type, Vehicle Type, and Region - Global Forecast to 2025", Published by MarketsandMarkets™, The global V2X Cybersecurity Market size is projected to grow from USD 659 million to reach USD 2,798 million by 2025, at a CAGR of 33.5%.

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 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 huge opportunity for non-automotive industry players such as Intel, Qualcomm, and Nvidia, to name a few. OEMs, technology companies, and V2X providers worldwide have joined hands and are focusing heavily on research & testing of security applications/standards to protect data privacy.

The V2X cybersecurity is part of a complex ecosystem with multiple stakeholders, as the value chain is fragmented among all types of industries. Due to COVID-19, businesses of majority of stakeholders in the V2X ecosystem have been affected, one way or the other. Most of the ongoing developments in this ecosystem have been suspended or stopped for a while as well. With such a complex ecosystem, the COVID-19 affects one or two stakeholders in the chain will result in the whole ecosystem suffering the impact.

Browse in-depth TOC on " V2X Cybersecurity Market"

106 – Tables 52 – Figures 195– Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194480977

The Asia Pacific is expected to be the largest and fastest-growing market in the forecast

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. The Chinese government is committed to the growth of IoT with a great emphasis on the development of connected cars and has already invested more than USD 10 billion in the IoT industry since October 2010. Apart from this, one of the key factors driving the growth of the market in the Asia Pacific is the increased production of passenger cars with advanced connected car features. The increasing purchasing power of the population and increasing concerns over the environment have triggered the demand for V2X in the 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.

The external cloud services segment is expected to be the largest market during the forecast

The external cloud services segment is projected to have the largest share in the V2X Cybersecurity Market. V2X communication security mostly requires external cloud services due to continuously changing security protocols, connectivity options, and cloud updates. With the increasing cloud-based applications, smart devices, and IoT penetration, the market for external cloud services has increased in the automotive market. Manufacturers are looking for cost-effective solutions along with better resource planning. Fleet management system, OTA, V2X, and other IoT applications and services are the major applications of external cloud services for the automotive market. The V2X, cybersecurity, and network providers have started creating their cloud servers to support secured V2X communications. With cloud-based security services, V2X messages can be kept encrypted and cannot be accessed without proper authentication. Cloud services help in maintaining certificate and security keys to keep V2X communications secured. Also, external cloud services for V2X cybersecurity are more feasible, as they are cost and time efficient (due to OTA updates).

Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=194480977

The European region is expected to be the second-largest market during the forecast period

Europe is projected to be the second-largest V2X Cybersecurity Market as the regulations related to safety issues have become stringent. Therefore, the increasing demand for connected cars equipped with V2X technologies is likely to drive the V2X Cybersecurity Market in this region. Moreover, given the present infrastructure, the inclination of OEMs in the region and recovery from the financial crisis is likely to result in a high growth market, with Germany expected to be the fastest market in the region for connected cars and cybersecurity solutions. To strengthen the competitiveness of the EU automotive industry and preserve its global technological leadership, the European Commission supports global technological harmonization and provides funding for R&D. For instance, the German automotive industry is an internationally renowned innovation hub. Around 40% of the world’s premium car production takes place in Germany. Approximately 70% of worldwide premium cars are manufactured by German OEMs.

The V2X Cybersecurity Market is dominated by players such as ESCRYPT (Germany), OnBoard Security (US), Autotalks (Israel), AutoCrypt (Korea), and Continental (Germany). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth V2X Cybersecurity Market.

Browse Related Reports:

Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle (Passenger Car, and Commercial Vehicle), Propulsion (ICE and EV), Unit, Offering, Technology, and Region - Global Forecast to 2028

Automotive Cyber Security Market by Form (In-Vehicle, External Cloud Services), Security (Endpoint, Application, Wireless Network), Application (Infotainment, Powertrain, ADAS & Safety), Vehicle Type, EV Type, and Region - Global Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/v2x-cybersecurity-market.asp

[businesstobusiness-b2b]

Automotive V2X Market 2020-2028| MarketsandMarkets

The report "Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle (Passenger Car, and Commercial Vehicle), Propulsion (ICE and EV), Unit, Offering, Technology, and Region - Global Forecast to 2028", Automotive V2X Market is projected to grow at a CAGR of 44.2% to reach USD 12,859 million by 2028 from an estimated USD 689 million in 2020.

The demand for safe and connected vehicles, increased EV sales, government regulations to curb emissions, and need to reduce traffic congestion are driving the overall automotive V2X market. OEMs, in collaboration with automotive V2X players, have installed V2X in their models, which is expected to drive the growth of the automotive V2X market.

Browse and in-depth TOC on “Automotive V2X Market"          

136 - Tables 50 - Figures 182 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90013236

OBU is expected to hold the largest share of automotive V2X market, by unit

The increase in sales of vehicles equipped with V2X is the key factor driving the OBU segment, as every vehicle will be equipped with OBUs for V2X communication. Some of the top players in the automotive V2X market offering OBUs are Denso, Cohda Wireless, and Savari, among others. OBUs are the main units used for all communications such as V2V, V2I, and V2P.

ICE segment is estimated to be the fastest and largest automotive V2X market, by propulsion

The growth of the ICE segment is due to the fact that V2X directly helps in improving fuel economy, which further helps reduce pollution. The pollution caused by transportation is a major issue faced across the globe. The optimization of traffic by application of the V2X would enable the reduction of fuel consumption. The number of ICE vehicles equipped with V2X is high, and more vehicles are expected to be launched during the forecast period. This would also drive the ICE V2X market.

Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=90013236

North America is expected to be the fastest automotive V2X market, by region

The growth of the North American automotive V2X market can be attributed to the high sales of vehicles equipped with V2X, such as Cadillac CTS and Mercedes-Benz E-Class in the region. The presence of top V2X players such as Qualcomm Technologies, Harman International, and Savari would also contribute to the growth of the North American automotive V2X market.

The automotive V2X market is dominated by globally established players such as Robert Bosch GMBH (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (US), Autotalks Ltd. (Israel), and Delphi Technologies (UK).

In September 2018, Autotalks announced the launch of the V2X solution. The second-generation V2X chipset is the only available solution capable of supporting both DSRC and C-V2X direct communications (PC5 protocol) at the highest security level. In April 2019, Qualcomm Technologies partnered with Audi AG, Ericsson, SWARCO Traffic Systems GmbH, and the University of Kaiserslautern to demonstrate the world’s first cross-border C-V2X direct communication in San Diego, California.

Browse Related Reports:

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, & Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, and Region - Global Forecast to 2027

Semi-Autonomous and Autonomous Vehicles Market by Level of Automation (Level 1, Level 2&3 & Autonomous Vehicles), ADAS Features, Components (AI, Radar, LIDAR, Camera, and Ultrasonic Sensor), Fuel Type (ICE, EV), and Region - Global Forecast to 2022 & 2030

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-vehicle-to-everything-v2x-market.asp

[ipratikd-blog]

V2X Market for Automotive by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Offering Type (Hardware and Software), Connectivity Type (DSRC and Cellular), Propulsion Type (ICE and EV), Technology Type, and Region - Global Forecast to 2025

[ipratikd-blog]

V2X Market for Automotive by Communication Type (V2C, V2D, V2G, V2P, V2V, and V2I), Offering Type (Hardware and Software), Connectivity Type (DSRC and Cellular), Propulsion Type (ICE and EV), Technology Type, and Region - Global Forecast to 2025