The global V2X cybersecurity market size is expected to grow from $655 million in 2020 to $2,798 million in 2025 at a CAGR of 33%. The increasing trend of vehicles using V2X technology and increasing cyber-attacks in the automotive industry will lead the V2X cyber security market. The COVID-19 pandemic halted production and supply of cars, bringing the automotive industry to a halt. Decreasing vehicle sales will be a major concern for automotive OEMs in the coming quarters. According to experts, the chances of a vehicle sales recovery in 2020 are slim. However, the V2X cybersecurity market is expected to witness significant growth in the coming years as the demand for vehicles equipped with connected car technology increases. Prior to that, the growth of the V2X cybersecurity market in 2021 will slow due to declining vehicle sales and the sudden cessation of development of new V2X technologies.
A full report of V2X Cybersecurity Market is available at: https://www.orionmarketreports.com/v2x-cybersecurity-market/44498/
Global V2X Cybersecurity Market: Research Scope
By Unit
• On Board Units
• Roadside Units
By Communication
• V2V
• V2I
• V2C
• V2P
• V2G
By Service
• In Vehicle
• External Cloud Services
By Security Type
• PKI
• Embedded
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
