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 $1,411.3 million 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%.
Free Valuable Insights: The v2x Cybersecurity Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Connectivity
By Unit Type
By Communication
By Vehicle Type
By Country
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