The Latin America, Middle East and Africa V2X Cybersecurity Market would witness market growth of 22.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA V2X Cybersecurity Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $109.7 million by 2031. The Argentina market is showcasing a CAGR of 23.6% during 2024-2031. Additionally, the UAE market would register a CAGR of 21.6% during 2024-2031.
V2I communication enables vehicles to adjust to ever-changing traffic conditions in real-time by receiving data from traffic signals, road signs, and other infrastructure. V2P communication further enhances safety by allowing vehicles to detect pedestrians and cyclists, reducing the likelihood of accidents in urban areas.
Moreover, V2N communication connects vehicles to broader networks, such as cloud-based systems and traffic management centers, allowing for more advanced features like predictive maintenance and automated route optimization. These capabilities represent a major leap forward in transportation technology, making V2X systems prime targets for cyberattacks.
The V2X cybersecurity market in the LAMEA region is evolving as countries invest in modernizing their transportation systems and supporting connected vehicle technologies. Governments and automotive industries across the region recognize the importance of securing V2X communication systems to ensure road safety, improve traffic management, and protect against rising cyber threats. The United Arab Emirates has been a pioneer in the adoption of smart city technologies and connected mobility as part of its "UAE Vision 2021" and the "Smart Dubai" initiative, which are designed to elevate Dubai to the status of one of the most intelligent cities.
The Brazil market dominated the LAMEA V2X Cybersecurity Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $109.7 million by 2031. The Argentina market is showcasing a CAGR of 23.6% during 2024-2031. Additionally, the UAE market would register a CAGR of 21.6% during 2024-2031.
V2I communication enables vehicles to adjust to ever-changing traffic conditions in real-time by receiving data from traffic signals, road signs, and other infrastructure. V2P communication further enhances safety by allowing vehicles to detect pedestrians and cyclists, reducing the likelihood of accidents in urban areas.
Moreover, V2N communication connects vehicles to broader networks, such as cloud-based systems and traffic management centers, allowing for more advanced features like predictive maintenance and automated route optimization. These capabilities represent a major leap forward in transportation technology, making V2X systems prime targets for cyberattacks.
The V2X cybersecurity market in the LAMEA region is evolving as countries invest in modernizing their transportation systems and supporting connected vehicle technologies. Governments and automotive industries across the region recognize the importance of securing V2X communication systems to ensure road safety, improve traffic management, and protect against rising cyber threats. The United Arab Emirates has been a pioneer in the adoption of smart city technologies and connected mobility as part of its "UAE Vision 2021" and the "Smart Dubai" initiative, which are designed to elevate Dubai to the status of one of the most intelligent cities.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA V2X Cybersecurity Market by Connectivity
Chapter 6. LAMEA V2X Cybersecurity Market by Unit Type
Chapter 7. LAMEA V2X Cybersecurity Market by Communication
Chapter 8. LAMEA V2X Cybersecurity Market by Vehicle Type
Chapter 9. LAMEA 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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