V2X Cybersecurity Market

V2X Cybersecurity Industry - Forthcoming Trends to Fuel the Global Growth

The V2X cybersecurity market is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%. The demand for V2X cybersecurity solutions is expected to increase significantly, driven by increasing demand for fully autonomous driving and escalating concerns regarding vehicle safety. The significantly growing global automotive V2X market further bolsters its expansion. Robust governmental support for V2X technology and advancements in 5G technology are foreseen to create novel opportunities within the V2X cybersecurity market.

The V2X Cybersecurity industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global V2X Cybersecurity Industry are:

  • Secure V2X Communication Standards
  • Endpoint Security for Connected Vehicles
  • Secure V2X Ecosystems
  • Secure V2X Deployment and Management
  • Security-by-Design Approach
  • Privacy-Preserving V2X Communication
  • Regulatory Frameworks and Compliance Requirements
  • Threat Intelligence and Cyber Resilience

These emerging trends underscore the importance of cybersecurity in the V2X ecosystem and the need for collaborative efforts to develop and implement effective security solutions that protect connected vehicles, infrastructure, and users from evolving cyber threats.

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  • Secure V2X Communication Standards: With the widespread adoption of V2X communication, there's a focus on developing robust and standardized protocols to secure communication between vehicles and infrastructure. Standards bodies and industry consortia are working on protocols such as IEEE 1609.x and Cellular-V2X (C-V2X), incorporating encryption, authentication, and integrity verification mechanisms to prevent unauthorized access and data tampering.
  • Endpoint Security for Connected Vehicles: As vehicles become more connected, they become susceptible to cyber threats such as remote hacking, malware injection, and data breaches. Endpoint security solutions, including intrusion detection and prevention systems (IDPS), secure boot mechanisms, and over-the-air (OTA) update encryption, are being developed to protect in-vehicle systems from cyber attacks and ensure the integrity of software updates.
  • Secure V2X Ecosystems: The V2X ecosystem involves various stakeholders, including automotive OEMs, infrastructure operators, service providers, and regulatory bodies. Establishing secure V2X ecosystems requires collaboration among these stakeholders to implement security best practices, share threat intelligence, and coordinate incident response efforts effectively. Industry initiatives and partnerships are emerging to address cybersecurity challenges across the V2X ecosystem.
  • Secure V2X Deployment and Management: Securing V2X deployments involves not only implementing security measures but also managing and maintaining security throughout the lifecycle of connected vehicles and infrastructure. Secure provisioning, authentication, and lifecycle management of V2X components, along with continuous monitoring and vulnerability management, are essential to mitigate security risks and ensure the resilience of V2X systems against evolving threats.
  • Security-by-Design Approach: A security-by-design approach is becoming increasingly important in the development of V2X technologies and applications. Embedding security principles into the design and development process, such as threat modeling, risk assessment, and secure coding practices, helps identify and mitigate security vulnerabilities early in the product lifecycle, reducing the likelihood of cyber attacks and minimizing potential impacts.
  • Privacy-Preserving V2X Communication: In addition to security, protecting user privacy is a key consideration in V2X communication. Privacy-preserving techniques, such as pseudonymization, anonymization, and secure multiparty computation, are being integrated into V2X systems to prevent unauthorized tracking of vehicle movements and ensure compliance with data protection regulations such as GDPR and CCPA.
  • Regulatory Frameworks and Compliance Requirements: Governments and regulatory bodies are increasingly focusing on cybersecurity in connected vehicles and V2X communication. Regulatory frameworks and compliance requirements, such as the UNECE WP.29 regulations and ISO/SAE 21434 cybersecurity standard, are being developed to establish minimum security requirements and guidelines for automotive cybersecurity, driving adoption of cybersecurity best practices in the V2X industry.
  • Threat Intelligence and Cyber Resilience: Proactive threat intelligence and cyber resilience strategies are essential for addressing emerging cyber threats in the V2X landscape. Threat intelligence platforms, security information and event management (SIEM) systems, and incident response frameworks enable organizations to detect, analyze, and respond to cyber threats effectively, minimizing the impact of security incidents on V2X operations and ensuring continuity of services.

Related Report

V2X Cybersecurity Market by Form (In-vehicle and External Cloud Services), Communication Type (V2I, V2V, V2G, and V2P), Security Framework (PKI and Embedded), Security type, Connectivity Type, Propulsion, Vehicle Type and Region - Global Forecast to 2030


V2X Cybersecurity Market Size,  Share & Growth Report
Report Code
AT 7702
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