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.
Free Valuable Insights: The Worldwide v2x Cybersecurity Market is Projected to reach USD 5.7 Billion by 2031, at a CAGR of 19.9%
Based on Connectivity, the market is segmented into DSRC and Cellular. Based on Unit Type, the market is segmented into On-board Unit (OBU) and Roadside Unit (RSU). Based on Communication, the market is segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Cloud (V2C), Vehicle-to-Infrastructure (V2I), and Vehicle-to-Pedestrian (V2P). Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Connectivity
By Unit Type
By Communication
By Vehicle Type
By Country
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