V2X Cybersecurity Market

ESCRYPT (Germany), Qualcomm Incorporated (US), Autotalks (Israel), and Continental AG (Germany) are leading players in V2X Cybersecurity Market

The 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 demand for fully autonomous driving and safe vehicles, coupled with a significantly growing global automotive V2X market will boost the demand for the V2X cybersecurity.

The growth of the market is influenced by the rising cyberattacks in vehicles. Increasing penetration of electric vehicles in conjunction with rising trends for autonomous and connected vehicle technologies are anticipated to create new opportunities for this market. The V2X cybersecurity market is dominated by key players including ESCRYPT (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), and Continental AG (Germany). These companies develop new products, adopt expansion strategies, and establish collaborations, partnerships, and mergers & acquisitions to gain traction in the V2X cybersecurity market.

ESCRYPT is a leader in providing embedded IT security solutions and services, especially for V2X communications in vehicles. ESCRYPT offers services to various industries, such as automotive and government institutions. It has branch offices spread across the globe in the UK, Germany, France, Sweden, the US, Canada, India, China, Korea, Italy, and Japan. The company is a subsidiary of ETAS GmbH, owned by the Robert Bosch Group. In addition, the company is specialized in embedded security consulting & engineering, embedded Public Key Infrastructure (PKI) & key management solutions, hardware security modules, automotive security, cyber security, and IT security, among others. The company has business partnerships with ETAS GmbH (Germany), HARMAN International (US), Infineon Technologies AG (Germany), and Hitex GmbH (Germany), among others.

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Qualcomm Incorporated is a V2X security provider and a leading wireless technology innovator. It operates in four business segments: QCT, QTL, QSI, and reconciling items. Qualcomm Incorporated has 170 offices across 30 countries, including China, Japan, Mexico, the US, the UK, France, South Korea, and India. In September 2021, the company had 45,000 full-time, part-time, and temporary employees. In March 2019, Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, acquired OnBoard Security Inc. OnBoard Security was formed to focus on cybersecurity solutions primarily for automotive and IoT companies. The company has emerged as one of the leading V2X cybersecurity providers in recent times. Its path-breaking V2X security solution ‘Aerolink’ has helped the company to be one of the frontrunners in the V2X cybersecurity market, especially in securing V2V and V2I communications.

Autotalks offers a V2X solution that supports both C-V2X and DSRC. The company is specialized in wireless communication, connectivity, semiconductors, automotive, and smart mobility. Autotalks aids reduce collisions on roadways and improve mobility with its automotive-qualified chipsets. The chipset offered is called CRATON2 and has ultra-low latency V2X embedded hardware security module (eHSM). CRATON2 supports IEEE 802.11a/b/g/n/ac, which enables external vehicle Wi-Fi for additional value-added services. In addition to the chipset, Autotalks offers various other hardware components such as SECTON, PLUTON2 RFIC, and PLUTON. PLUTON2 RFIC is a low-power, high-performance, and highly flexible RFIC that provides optimal RF transmitter/receiver functionality. PLUTON is an automotive-grade V2X RF Transceiver IC, and SECTON is global V2X hardware that handles V2X security and computation.

AUTOCRYPT Co., Ltd., initially part of Penta Security, became a separate entity in 2019 and is headquartered in Seoul, Korea. Post-separation, the company now focuses only on automotive cybersecurity, especially for connected and autonomous vehicles. The company is specialized in automotive cybersecurity, mobility security, V2X security, ECU protection, secure fleet management, and MaaS/DRT software development, among others. The company has a strong geographical presence in Asia, North America and Europe. The company offers its security solutions under the product range named AutoCrypt. AutoCrypt solutions primarily focus on V2X communications and provide features, including vehicle PKI, communication security, traffic flow control, block malicious access, key management, and privacy preservation. AutoCrypt was the best cybersecurity product/solution at the TU Automotive awards in 2019. AutoCrypt V2X includes an encryption system for V2V, V2I, V2D, and V2P communications.

Continental AG provides end-to-end V2X cyber security solutions for V2X applications. The company has 190,875 employees working across business areas such as production, R&D, and administration (as of December 31, 2021). Continental AG invested approximately USD 3 billion in R&D in 2021, which accounted for approximately 8% of its total revenue. The company operates in 527 locations in 58 countries. It carries out R&D in 127 locations. The company’s core business is segmented into autonomous mobility and safety, vehicle networking and information, tires, ContiTech, and contract manufacturing. The V2X cybersecurity solution is offered under the autonomous mobility and safety business segment. Some of the major customers of the company are Ford-Werke (Germany), Volkswagen (Germany), Renault-Nissan (Germany), General Motors Powertrain (Germany), and Daimler (Germany). Continental has a presence in North America, Europe, and Asia Pacific.

Related Reports:

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 2028

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MarketsandMarkets™ INC.
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V2X Cybersecurity Market Size,  Share & Growth Report
Report Code
AT 7702
RI Published ON
9/19/2022
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