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Vehicle-to-Everything (V2X) Cybersecurity Market Trends

  • Report ID: GMI10702
  • Published Date: Aug 2024
  • Report Format: PDF

Vehicle-to-Everything Cybersecurity Market Trends

V2X (Vehicle-to-Everything) communication systems necessitate stringent security measures to ensure data integrity and privacy. Advanced encryption techniques, such as quantum-resistant cryptography, are being integrated to protect data transmitted between vehicles and infrastructure. For instance, In July 2022, NIST approved PQSquare Technologies' quantum-resistant cryptographic solutions for key sharing and authentication. These encryption methods prevent eavesdropping and data tampering. Additionally, multi-factor authentication protocols are being deployed to verify the identities of devices and users within the network. This ensures that only authorized entities can access and transmit data, thereby reducing the risk of malicious attacks.
 

V2X systems require regular software updates to address vulnerabilities and enhance functionality. Developers are creating secure over-the-air (OTA) update mechanisms to ensure these updates are delivered safely and efficiently. These mechanisms use cryptographic techniques to verify the authenticity and integrity of update packages, preventing malicious entities from injecting harmful code. By enabling secure updates for all devices in the V2X network, OTA updates maintain robust security without necessitating physical access to each device.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of vehicle-to-everything (V2X) cybersecurity reached USD 1.2 billion in 2023 and is set to register over 12.3% CAGR between 2024 and 2032, led by the increasing adoption of connected vehicles.

The software segment of the vehicle-to-everything cybersecurity industry accounted for a share of over 63% in 2023, as it ensures secure data transmission, safeguarding against potential attacks that could compromise vehicle safety and functionality.

North America market held a revenue share of around 35% in 2023, driven by advancements in technology and increasing demand for efficient automotive solutions.

ETAS, Bosch Mobility, Blackberry Ltd., Continental AG, Qualcomm, Herman International (Samsung Electronics Company), Autotalks among others.

Vehicle-to-Everything Cybersecurity Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 310
  • Countries covered: 25
  • Pages: 260
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