V2X Cybersecurity Market Estimated to reach $3.2 billion by 2028

1. V2X Cybersecurity Market Estimated to reach $3.2 billion by 2028 The global V2X cybersecurity market is projected to grow from USD 1.2 billion in 2022 to USD 3.2 billion by 2028, at a CAGR of 18.1%. Parameters such as increasing growth of automotive V2X market, in conjunction with rising cyberattacks in vehicles are expected to support the revenue growth of the V2X cybersecurity market during the forecast period. Further, strong government support for electric vehicles, coupled with increasing focus towards autonomous mobility will create lucrative opportunities for the V2X cybersecurity market. The major players in the V2X cybersecurity market are ESCRYPT (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), and Continental AG (Germany). These companies have strong product portfolio that offer V2X cybersecurity for automotive OEMS as well as for V2X communication suppliers. These companies have adopted growth strategies such as partnerships, collaborations, and mergers & acquisitions to gain traction in the global V2X cybersecurity market. The Asia Pacific region is expected to be the largest market during the forecast period. Asia Pacific is estimated to account for the largest market share by 2028 in terms of value, followed by North America and Europe. Asia Pacific is home to some of the top players in the V2X cybersecurity market, such as Autotalks and AutoCrypt Co. Ltd. Similarly, the growing penetration of electric vehicles, as well as vehicles with connected car features, would boost the demand for V2X cybersecurity requirements in the region. All these factors are expected to augment the revenues for the Asia Pacific V2X cybersecurity market during the forecast period. Asia Pacific is home to countries such as China, Japan, and South Korea, which are expected to take the lead in 5G adoption. The advancements in 5G technology would enable the adoption of cellular connectivity, which is expected to increase the adoption of V2X technology in this region. This will increase the need for cybersecurity to secure V2X communication, which in turn, will drive the Asia Pacific V2X cybersecurity market during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194480977 Europe is also expected to grow significantly in the V2X cybersecurity market during the forecast period. The improved infrastructural facilities compared to other regions would enable the easy incorporation of V2X communication in Europe. Europe is home to some of the top players in the automotive V2X

2. market, such as Continental AG (Germany) and Robert Bosch GmbH (Germany). Several tests/trials are taking place in this region, among which many are conducted by the 5GAA for C-V2X. All these aforementioned factors are expected to increase the penetration of V2X communication in the European region. This, in turn, will drive the European V2X cybersecurity market during the forecast period. The passenger cars segment is estimated to account for a larger share in terms of value. An increase in vehicle production and rising demand for passenger cars in emerging and developed countries have contributed to the growth of the passenger cars segment of the V2X cybersecurity market during the forecast period. In addition, the increasing adoption of V2X technologies owing to the growing concerns over traffic, safety, and pollution levels is also expected to bolster the revenue growth of the passenger car segment of the V2X cybersecurity market during the forecast period. Several passenger cars equipped with V2X are available in the market, such as Audi A4, Audi A7L, Audi A6L, Ford Mustang Mach-E, and Cadillac CTS. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=194480977