The Germany market dominated the Europe V2X Cybersecurity Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $374.5 million by 2031. The UK market is exhibiting a CAGR of 18.5% during 2024-2031. Additionally, the France market would experience a CAGR of 20.5% during 2024-2031.
The V2X cybersecurity market is emerging as a critical component of the rapidly evolving automotive industry, driven by the increasing connectivity of vehicles, the growth of smart cities, and the development of autonomous transportation.
Moreover, the evolution of V2X technology is largely driven by the desire to enhance road safety and traffic management. By allowing vehicles to communicate with one another and their surrounding environment, V2X systems enable real-time decision-making that can prevent accidents, reduce traffic congestion, and improve fuel efficiency.
The V2X cybersecurity market in Europe is experiencing significant growth, driven by the region's leadership in automotive innovation, government initiatives, and cross-border collaborations. Moreover, securing V2X communication will ensure these systems' safety, efficiency, and reliability as EVs become more integrated into the continent's transportation and energy infrastructure. As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021.
List of Key Companies Profiled
- Infineon Technologies AG
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- NXP Semiconductors N.V.
- Continental AG
- DENSO CORPORATION
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Lear Corporation
- Aptiv PLC
- Robert Bosch GmbH
- Cisco Systems, Inc.
Market Report Segmentation
By Connectivity
- DSRC
- Cellular
By Unit Type
- On-board Unit (OBU)
- Roadside Unit (RSU)
By Communication
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Cloud (V2C)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Pedestrian (V2P)
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Companies Mentioned
- Infineon Technologies AG
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- NXP Semiconductors N.V.
- Continental AG
- DENSO CORPORATION
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Lear Corporation
- Aptiv PLC
- Robert Bosch GmbH
- Cisco Systems, Inc.
Methodology
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