Vehicle-to-everything (V2X) is a communication technology that allows a vehicle to communicate with other vehicles, road users, and infrastructure. The major purpose of V2X technology is to improve road safety, energy savings, and traffic efficiency on roads. The key components of V2X include vehicle-to-vehicle (V2V) & vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), and vehicle-to-device (V2D) communication systems. With the introduction of connected technology in new-generation vehicles the chance of cyber-attack is also increases. Events, such as unauthorized access to multiple vehicle connectivity solutions or breaking into the in-vehicle connectivity system has created the demand for V2X cybersecurity. Moreover, there is an increased investment in the production of connected vehicles thus, increase in the demand for V2X cybersecurity. V2X cybersecurity requires external cloud services due to continuously changing security protocols & cloud updates to store data and provide better security.
In addition, Baidu Apollo has won bids to build V2X pilot zones in Chongqing’s Yongchuan district, Shanxi province’s Yangquan city, and Anhui province’s Hefei city. A V2X pilot zone within 20 square kilometers of Yongchuan district in Chongqing, is testing level-4 autonomous vehicles, which can drive almost all the time without human control.
Therefore, demand for autonomous and connected vehicles in emergency services are expected to the act as a positive impact on automotive industry in post COVID scenario. COVID-19 has impacted the operations of many OEMs, from production to R&D. While industry participants might see short-term disruption to autonomous vehicles (AV) development and roll-outs, this disruption may propel the adoption of V2X technology within the consumer segments and accelerate adoption in various commercial segments, which in turn will create an opportunity for V2X cybersecurity market.
V2X cybersecurity is segmented basis of unit type, vehicle type, propulsion type, communication, and region. On the basis of unit type, it is divided into on-board unit, and roadside unit. By vehicle type, it is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. By propulsion type, it is divided into ice, electric & hybrid, and others. By communication, it is divided into Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G), and Others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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