Leading Companies in V2X Cybersecurity Industry - ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel) and AUTOCRYPT Co., Ltd. (Korea)
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.
Key players dominating the V2X cybersecurity market include ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), and Continental AG (Germany). These industry leaders develop innovative products, implement expansion strategies, and foster collaborations, partnerships, mergers, and acquisitions to establish a strong foothold in the dynamically growing V2X cybersecurity market.
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ESCRYPT GmbH, a subsidiary of ETAS GmbH within the Robert Bosch Group, stands out as a leader in delivering embedded IT security solutions and services, particularly for V2X communications in vehicles. The company extends its services to diverse industries, including automotive and government institutions. It has a global presence through branch offices in the UK, Germany, France, Sweden, the US, Canada, India, China, Korea, Italy, and Japan. ESCRYPT GmbH provides its clientele with a comprehensive suite of services, encompassing system design, specification, prototyping, and product development. Its specialized focus includes embedded security consulting and engineering, embedded Public Key Infrastructure (PKI) and key management solutions, hardware security modules, automotive security, cyber security, and IT security, among other domains. Additionally, ESCRYPT GmbH has established strategic business partnerships with notable entities such as ETAS GmbH (Germany), HARMAN International (US), Infineon Technologies AG (Germany), and Hitex GmbH (Germany), further solidifying its position in the market.
Qualcomm Incorporated, a prominent V2X security provider and a renowned innovator in wireless technology operates across four business segments: Handsets, Radio Frequency Front End (RFFE), Automotive, and the Internet of Things (IoT). Qualcomm Incorporated is a key player in the industry with a global presence spanning 170 offices across 30 countries, including China, Japan, Mexico, the US, the UK, France, South Korea, and India. As of September 2023, the company has an employee base of approximately 50,000 individuals in various capacities. Qualcomm Incorporated has actively collaborated with over 30 Chinese automotive companies, including joint ventures with US and European car manufacturers, to demonstrate the suitability of Cellular Vehicle-to-Everything (C-V2X) for autonomous and connected vehicles. In a strategic move, Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, completed the acquisition of OnBoard Security Inc. in March 2019. OnBoard Security, initially focused on cybersecurity solutions for the automotive and IoT sectors, has emerged as a leading V2X cybersecurity provider. The company's innovative V2X security solution, 'Aerolink,' positions it as a frontrunner in the V2X cybersecurity market, particularly in securing Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communications.
Autotalks provides V2X solutions supporting both Cellular Vehicle-to-Everything (C-V2X) and Dedicated Short Range Communication (DSRC). Specializing in wireless communication, connectivity, semiconductors, automotive, and smart mobility, Autotalks plays a crucial role in enhancing road safety and mobility through its automotive-qualified chipsets. The CRATON2 chipset, featuring an ultra-low latency V2X embedded hardware security module (eHSM), is at the forefront of Autotalks' offerings. This chipset supports IEEE 802.11a/b/g/n/ac, facilitating external vehicle Wi-Fi for additional value-added services. Complementing the chipset, Autotalks provides various hardware components, including SECTON, PLUTON2 RFIC, and PLUTON. The PLUTON2 RFIC is a low-power, high-performance, and highly flexible RFIC offering optimal RF transmitter/receiver functionality. PLUTON, an automotive-grade V2X RF Transceiver IC, and SECTON, a global V2X hardware handling security and computation, further contribute to Autotalks' comprehensive V2X security product portfolio. The expansion of Autotalks' V2X security offerings is poised to drive the company's growth in the V2X cybersecurity market in the foreseeable future.
Related Reports:
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
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