The North America V2X Cybersecurity Market would witness market growth of 19.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America V2X Cybersecurity Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.41 billion by 2031. The Canada market is showcasing a CAGR of 21.8% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 20.8% during 2024-2031.
V2X cybersecurity protects communication systems and data in Vehicle-to-Everything (V2X) networks. V2X technology enables vehicles to communicate with various entities, including other vehicles (V2V), infrastructure such as traffic lights and road signs (V2I), pedestrians (V2P), and networks like cloud services or traffic management systems (V2N).
Additionally, the goal of V2X cybersecurity is to maintain the confidentiality, integrity, and availability of the data transmitted across V2X networks. Confidentiality ensures that sensitive data, like vehicle identity or driver information, is protected from unauthorized access.
North America remains at the forefront of the V2X cybersecurity market, driven by strong government regulations, rapid adoption of connected vehicle technologies, and collaboration between leading automotive and technology companies. As one of the leaders in automotive innovation, the US is seeing rapid growth in the number of connected vehicles on its roads. According to the US Government Accountability Office, connected vehicle technologies could reduce crashes by allowing vehicles, infrastructure, and road users' devices to communicate wirelessly. In 2020, the Federal Communications Commission (FCC) reduced the radio frequency spectrum dedicated to these technologies by 60%.
The US market dominated the North America V2X Cybersecurity Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.41 billion by 2031. The Canada market is showcasing a CAGR of 21.8% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 20.8% during 2024-2031.
V2X cybersecurity protects communication systems and data in Vehicle-to-Everything (V2X) networks. V2X technology enables vehicles to communicate with various entities, including other vehicles (V2V), infrastructure such as traffic lights and road signs (V2I), pedestrians (V2P), and networks like cloud services or traffic management systems (V2N).
Additionally, the goal of V2X cybersecurity is to maintain the confidentiality, integrity, and availability of the data transmitted across V2X networks. Confidentiality ensures that sensitive data, like vehicle identity or driver information, is protected from unauthorized access.
North America remains at the forefront of the V2X cybersecurity market, driven by strong government regulations, rapid adoption of connected vehicle technologies, and collaboration between leading automotive and technology companies. As one of the leaders in automotive innovation, the US is seeing rapid growth in the number of connected vehicles on its roads. According to the US Government Accountability Office, connected vehicle technologies could reduce crashes by allowing vehicles, infrastructure, and road users' devices to communicate wirelessly. In 2020, the Federal Communications Commission (FCC) reduced the radio frequency spectrum dedicated to these technologies by 60%.
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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America V2X Cybersecurity Market by Connectivity
Chapter 6. North America V2X Cybersecurity Market by Unit Type
Chapter 7. North America V2X Cybersecurity Market by Communication
Chapter 8. North America V2X Cybersecurity Market by Vehicle Type
Chapter 9. North America V2X Cybersecurity Market by Country
Chapter 10. Company Profiles
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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