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Global V2X Cybersecurity Market By Unit Type (On-board Unit and Roadside Unit), By Connectivity (DSRC and Cellular V2X), By End-Users (Passenger Vehicle and Commercial Vehicle), By Region, Forecast & Opportunities to 2026

The global V2X cybersecurity market accounted for a value of USD 610 million in 2019 and is projected to register growth at a CAGR of 27.6% during forecast period.

COVID-19 has impacted the V2X cybersecurity market. The production of vehicles is suspended and supply chain is disrupted due to lockdown and travel restriction and this lead to temporary shutdown of automotive industry. The vehicle sales have been declined which is a major concern for automotive industry. The chance of market recovery in 2020 is very slim. V2X cybersecurity is likely to boost in coming years due to increase in demand for connected cars technology. The V2X cybersecurity market will witness slow growth in 2021.

Definition:

Vehicle-to-everything (V2X) can be defined as communication between a vehicle and any other entity that may be affected by the vehicle or may affect the vehicle. It is a communication system of vehicle that involves V2I, V2N, V2V, V2P and V2D etc. This involves chances of cyber attack and data breaching which can be dangerous for vehicles owner. This data can be protected using V2X cybersecurity solutions. This helps in protecting the data from any cyber attack or from being hacked.

Market Dynamics (Drivers/Opportunities):

The integration of connected technology in vehicles is increasing which increases the chances of cyber attack and the demand is increasing for various technologies which prevent such risks. The trend for autonomous and connected vehicles which is equipped with V2X technologies is increasing around the world. This leads to high demand for V2X cybersecurity and drives growth in this market during forecast period.

The adoption of advanced V2X communication system is necessary for developing autonomous and connected vehicles. V2X helps in connecting vehicles to smartphones. V2X communication systems utilizes various connectivity option, sensors, networks an devices which helps in producing massive amount of data to be analyzed. This data needs to be secured from being theft or being misused. V2X cybersecurity helps in securing the data as the cyberattacks in automotive fields are increasing. This increases the demand for V2X cybersecurity and drives growth in this market during forecast period.

Market Insights, by Unit Type

On the basis of unit type, the V2X cybersecurity market is segmented into on-board unit (OBU) and roadside unit (RSU). The OBU segment is estimated to hold the largest market share during forecast period. OBU is required by vehicles for all type of V2X communications such as V2P, V2I AND V2V.  OBUs are considered to have control over many security features in the vehicle. RSU is required only for V2I communication by the vehicles. This increases the adoption of OBU in vehicles and drives growth in OBU segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the V2X cybersecurity market is segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment is estimated to hold largest market share during forecast period. The demand for connected car technologies is increasing in passenger vehicles. This makes passenger vehicles segment more prone to data breaches and cyber threats. The number of connected passenger vehicles is higher than commercial vehicle. The people around the world demands V2X communication technologies in passenger cars. The passenger vehicles equipped with V2X technologies are Cadillac CTS, Audi A4 etc. The number of electric vehicles equipped with V2X technologies increasing and this increase demand for V2X cybersecurity in passenger vehicles segment. This drives growth in passenger vehicle segment during forecast period.

Regional Insights

Asia-Pacific is estimated to hold largest market share during forecast period. The sales of V2X equipped vehicles are higher in this region. This results in increase in OEMs which produce V2X equipped vehicles in this region. This increases demand for V2X cybersecurity solution in this region. This region is considered to be home for many top companies of V2X cybersecurity such as AutoCrypt, Autotalks and Argus Security. The adoption of electric vehicles is also increasing in this region which leads to increase in demand for V2X cybersecurity solutions. This drives growth in V2X cybersecurity market during forecast period.

Key Companies & Market Share Insights

The key players in V2X cybersecurity market are Escrypt, Onboard Security, Autotalks Ltd., AutoCrypt, Green Hills Software, Continental AG, Harman International, NXP, Aptiv, Trillum Secure INC., Karamba Security, Infineon Technologies AG, ID Quantique, Altran, Denso Corporation and Thales Group.

Segments Covered in the Report

This report forecasts The Global V2X cybersecurity Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global Automotive Brake System market report on the basis of unit type, connectivity and end-users.

V2X Cybersecurity Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. V2X Cybersecurity Market, By Unit Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • On-board Unit (OBU)
  • Roadside Unit (RSU)
  1. V2X Cybersecurity Market, By Connectivity, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dedicated Short Range Communication (DSRC)
  • Cellular-V2X (C-V2X)
  1. V2X Cybersecurity Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Vehicle
  • Commercial Vehicle
  1. V2X Cybersecurity Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Unit Type
    • By Connectivity
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Unit Type
      • By Connectivity
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Unit Type
        • By Connectivity
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Unit Type
          • By Connectivity
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Unit Type
            • By Connectivity
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Thales Group
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Escrypt
    • Onboard Security
    • Autotalks Ltd.
    • AutoCrypt
    • Green Hills Software
    • Continental AG
    • Harman International
    • NXP
    • Aptiv
    • Trillum Secure INC.
    • Karamba Security
    • Infineon Technologies AG
    • ID Quantique
    • Altran
    • Denso Corporation
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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