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Vehicle-to-Everything (V2X) Cybersecurity Market Size
- Report ID: GMI10702
- Published Date: Aug 2024
- Report Format: PDF
Vehicle-to-Everything Cybersecurity Market Size
Vehicle-to-Everything (V2X) Cybersecurity Market size was valued at USD 1.2 billion in 2023 and is estimated to register a CAGR of over 12.3% between 2024 and 2032. The increasing adoption of connected vehicles has significantly fueled the volume of data exchanged between vehicles and external systems. For instance, in December 2023, the European Commission projected that each connected vehicle is expected to generate approximately 100 gigabytes of data per hour. This data includes information from sensors, navigation systems, vehicle-to-vehicle (V2V), and vehicle-to-infrastructure (V2I) communications.
The enhanced connectivity improves driving safety and convenience but also escalates the risk of cyber-attacks. Implementing robust cybersecurity measures are crucial to protect this data from unauthorized access and to ensure secure communication channels among vehicles, infrastructure, and cloud services. Effective cybersecurity protocols are essential to prevent potential threats such as data breaches, spoofing attacks, and unauthorized control over vehicle systems, thereby maintaining the integrity and safety of the vehicle network.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Vehicle-to-Everything Cybersecurity Market Size in 2023: | USD 1.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 12.3% |
| 2032 Value Projection: | USD 3.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 260 |
| Tables, Charts & Figures: | 310 |
| Segments covered: | Component, Vehicle, Communication, Security |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Furthermore, governments and regulatory bodies globally are enforcing stringent standards to ensure the cybersecurity of connected vehicles. Automotive manufacturers and technology providers must comply with these regulations. For instance, the EU's GDPR and the U.S. NIST guidelines specify clear requirements for data protection and privacy. Adhering to these standards is essential to avoid legal penalties, maintain market trust, and ensure cybersecurity measures meet industry standards.
V2X systems integrate various manufacturers, technologies, and standards. The primary challenge is ensuring interoperability across these diverse systems and components while maintaining robust security measures. Without standardized security protocols, manufacturers may implement different measures, leading to gaps and inconsistencies. This lack of uniformity creates vulnerabilities and complicates the process of securing the entire network. Establishing comprehensive standards and protocols is essential but challenging due to the differing interests and technologies involved.
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Vehicle-to-Everything Cybersecurity Market Scope
