Indonesia V2x Cybersecurity Market
Indonesia V2X Cybersecurity Market - By Unit Type (On-Board Unit, Roadside Unit); By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle); By Propulsion (ICE, Electric & Hybrid); By Communication (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G)), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: March 2023
- Report ID: BWC23260
- Available Format: PDF
- Page: 200
Report Overview
An increasing demand for electric vehicles (EVs) and connected vehicles is projected to propel the expansion of Indonesia V2X cybersecurity market during the forecast period between 2023 and 2029.
Indonesia V2X Cybersecurity Market - Industry Trends & Forecast Report, 2029
Indonesia V2X cybersecurity market size is expected to expand at a CAGR of 18.22% during the forecast period between 2023 and 2029. Major growth drivers for Indonesia V2X cybersecurity market include increasing adoption of connected vehicles and the growing demand for advanced cybersecurity solutions to protect these vehicles from cyber threats. One of the key drivers of the market is the increasing number of connected vehicles in Indonesia. The Indonesian government has launched several initiatives to promote the adoption of connected vehicles in the country, which has led to an increase in the number of vehicles equipped with advanced connectivity features.
Another factor driving the market is the growing threat of cyber-attacks on connected vehicles. With more vehicles connected to the internet, the risk of cyber-attacks has increased significantly, and there is a growing need for advanced cybersecurity solutions to protect these vehicles from potential threats. Also, the increasing demand for advanced vehicle safety features, which require secure communication between vehicles and other elements in the transportation ecosystem. As a result, there is a growing need for secure and reliable V2X communication systems, which is expected to drive the demand for V2X cybersecurity solutions in the coming years. The market is further expected to be driven by the increasing adoption of autonomous vehicles in the country. As autonomous vehicles rely heavily on V2X communication and connectivity, the need for advanced cybersecurity solutions to protect these vehicles from cyber threats is expected to drive the growth of the V2X cybersecurity market in Indonesia.
Indonesia V2X Cybersecurity Market – Overview
Indonesia V2X (vehicle-to-everything) cybersecurity market refers to the market for cybersecurity solutions designed to protect the communication and data exchange between vehicles and other entities, including other vehicles, pedestrians, infrastructure, and the cloud. V2X technology enables communication between vehicles and their surroundings, allowing for increased safety, efficiency, and convenience in transportation. However, this technology also introduces new cybersecurity risks, such as hacking, data breaches, and cyber-attacks. The Indonesia V2X cybersecurity market includes a range of solutions and services, such as encryption, authentication, intrusion detection and prevention, secure communication protocols, and security software and hardware for vehicles and infrastructure. The market is driven by the increasing adoption of V2X technology in the automotive industry and the growing awareness of cybersecurity threats in the region.
Indonesia V2X cybersecurity Market
Growth Drivers
Growing Demand for Electric Vehicles
The growth in demand for electric vehicles (EVs) is expected to boost the expansion of the Indonesia V2X cybersecurity market. This is because EVs are equipped with advanced technologies that require secure communication between the vehicle and its surroundings, including other vehicles, pedestrians, infrastructure, and the cloud. V2X technology enables EVs to communicate with each other and with other elements of the transportation infrastructure, such as traffic lights and road signs, in real-time, improving safety and reducing congestion. However, this technology also introduces new cybersecurity risks that need to be addressed. As more EVs are adopted in Indonesia, the demand for V2X cybersecurity solutions is expected to increase significantly, as manufacturers, government agencies, and other stakeholders seek to ensure the safety and security of these vehicles and their passengers. This presents a significant opportunity for cybersecurity solution providers to develop and offer innovative solutions that address the unique challenges of V2X cybersecurity in the Indonesian market.
Restraints
Lack of Infrastructure for Proper Functioning of V2X
The V2X (Vehicle-to-Everything) technology enables communication between vehicles, infrastructure, and other devices, making roads safer and more efficient. Cybersecurity is crucial for V2X systems to ensure that they function securely and reliably. In Indonesia, the growth of the V2X cybersecurity market could be hindered by a lack of infrastructure. The proper functioning of V2X technology requires a robust and reliable infrastructure that can support the communication and data exchange between vehicles and infrastructure. Without this infrastructure, V2X systems may be unable to operate effectively, making it difficult for cybersecurity measures to be implemented effectively. This lack of infrastructure could also make it challenging for V2X systems to scale up, hindering the growth of the V2X cybersecurity market in Indonesia.
Impact of COVID-19 on Indonesia V2X cybersecurity Market
COVID-19 had a detrimental impact on the Indonesia V2X cybersecurity market. The pandemic has led to a slowdown in the adoption of V2X technology as many companies have had to redirect their resources to focus on more immediate concerns related to the pandemic. This may lead to a slower growth rate for the Indonesia V2X cybersecurity market in the short term. The pandemic has led to an increase in the use of digital technologies, including V2X, as more people are working remotely and relying on online services. This has also led to an increased need for cybersecurity measures to protect against cyber threats, which could drive demand for V2X cybersecurity solutions. The pandemic has resulted in financial constraints for many businesses, which may impact their ability to invest in V2X cybersecurity solutions. This may lead to a shift towards more cost-effective solutions or a delay in the adoption of V2X technology until the financial situation improves. The pandemic has accelerated the shift towards contactless technology, including V2X systems. This may lead to increased investment in V2X cybersecurity solutions to ensure the security of these systems, which may have a positive impact on the Indonesia V2X cybersecurity market.
Indonesia V2X Cybersecurity Market
Segmental Coverage
Indonesia V2X Cybersecurity Market – By Unit Type
By unit type, Indonesia V2X cybersecurity market is bifurcated into On-Board Unit and Roadside Unit segments. The On-Board Unit (OBU) segment is expected to dominate the market share because OBUs are necessary for various types of V2X communication, including V2V (vehicle-to-vehicle), V2I (vehicle-to-infrastructure), and V2P (vehicle-to-pedestrian). Moreover, the market is experiencing growth due to the crucial role of OBU security in ensuring safe V2X communication.
Indonesia V2X cybersecurity Market – By Vehicle Type
By vehicle type, Indonesia V2X cybersecurity market is segmented into Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle. The passenger car segment is expected to dominate the market during the forecast period, due to an increasing demand for connected car technologies. The V2X cybersecurity market for passenger cars is designed to secure the growing V2G communications worldwide. Furthermore, the number of connected passenger cars is higher than that of commercial vehicles, and the expected increase in the number of passenger cars equipped with V2X technology is likely to drive market growth.
Indonesia V2X cybersecurity Market – By Propulsion
Based on propulsion, Indonesia V2X cybersecurity market is split into ICE and Electric/Hybrid segments. The hybrid & electric propulsion segment is expected to hold a higher market share during the period in analysis. This is due to the rising adoption of electric vehicles worldwide, driven by increasing concerns over pollution and global warming, and the need to replace petrol-fueled vehicles with eco-friendly alternatives. After years of research and development, the industry has found that electric vehicles are among the most suitable alternatives to traditional fuel-powered vehicles, which has resulted in the growth of the EV market. Therefore, the increasing demand for EVs is expected to boost EV sales and drive the need for V2X technology in the coming years.
Indonesia V2X cybersecurity Market – By Communication
Based on communication, Indonesia V2X cybersecurity market is segmented into Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), and Vehicle-To-Grid (V2G). The V2G segment is expected to dominate the market share during the forecast period. Vehicle-to-Grid is a technology that transfers the electricity stored in EV batteries to power the grid, buildings, homes, and other energy-consuming destinations. V2G is considered one of the most promising technologies for EVs, as it helps to balance electricity demand and make EVs more cost-effective. Therefore, there is a significant need for cybersecurity for V2G communication, and all of these factors are expected to increase the revenue growth of the EV segment of the V2X cybersecurity market during the forecast period.
Competitive Landscape
Major players operating in Indonesia V2X cybersecurity market include Escrypt, Qualcomm Incorporated, Autotalks, Autocrypt Co. Ltd., Continental AG, Green Hills Software, and Karamba Security. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period– 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Indonesia |
Product/ Service Segmentation |
Unit Type, Vehicle Type, Propulsion, Communication |
Key Players |
Escrypt, Qualcomm Incorporated, Autotalks, Autocrypt Co. Ltd., Continental AG, Green Hills Software, Karamba Security |
By Unit Type
-
On-Board Uni
-
Roadside Unit
By Vehicle Type
-
Passenger Car
-
Light Commercial Vehicle
-
Heavy Commercial Vehicle
By Propulsion
-
ICE
-
Electric & Hybrid
By Communication
-
Vehicle-To-Vehicle (V2V)
-
Vehicle-To-Infrastructure (V2I)
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Vehicle-To-Grid (V2G)
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Indonesia V2X Cybersecurity Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing Demand for Electric Vehicles
- Increase in Demand for Connected Vehicles
- Restraints
- Lack of Infrastructure for Proper Functioning of V2X
- Opportunities
- Advancement in Technology
- Challenges
- Providing Secure Application
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Indonesia V2X Cybersecurity Market Overview
- Market Vehicle Type & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Unit Type
- On-Board Unit
- Roadside Unit
- By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- By Propulsion
- ICE
- Electric & Hybrid
- Others
- By Communication
- Vehicle-To-Vehicle (V2V)
- Vehicle-To-Infrastructure (V2I)
- Vehicle-To-Grid (V2G)
- Others
- By Unit Type
- Market Vehicle Type & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Indonesia V2X cybersecurity Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Indonesia V2X Cybersecurity Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Escrypt
- Qualcomm Incorporated
- Autotalks
- Autocrypt Co. Ltd.
- Continental AG
- Green Hills Software
- Karamba Security
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Indonesia V2X cybersecurity Segmentation
Figure 2 Indonesia V2X Cybersecurity Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Indonesia V2X Cybersecurity Market Vehicle Type, By Value (USD Million), 2019–2029
Figure 5 Indonesia V2X Cybersecurity Market Share, By Unit Type, By Value, 2019–2029
Figure 6 Indonesia V2X Cybersecurity Market Share, By Vehicle Types, By Value, 2019–2029
Figure 7 Indonesia V2X Cybersecurity Market Share, By Propulsion, By Value, 2019–2029
Figure 8 Indonesia V2X Cybersecurity Market Share, By Communication, By Value, 2019–2029
List of Tables
Table 1 Indonesia V2X Cybersecurity Market Vehicle Type, By Value (USD Million), 2019–2029
Table 2 Indonesia V2X Cybersecurity Market Vehicle Type, By Unit Type, By Value, 2019–2029
Table 3 Indonesia V2X Cybersecurity Market Vehicle Type, By Vehicle Types, By Value, 2019–2029
Table 4 Indonesia V2X Cybersecurity Market Vehicle Type, By Propulsion, By Value, 2019–2029
Table 5 Indonesia V2X Cybersecurity Market Vehicle Type, By Communication, By Value, 2019–2029
Table 6 Escrypt Company Overview
Table 7 Escrypt Financial Overview
Table 8 Qualcomm Incorporated Company Overview
Table 9 Qualcomm Incorporated Financial Overview
Table 10 Autotalks Company Overview
Table 11 Autotalks Financial Overview
Table 12 Autocrypt Co. Ltd. Company Overview
Table 13 Autocrypt Co. Ltd. Financial Overview
Table 14 Continental AG Company Overview
Table 15 Continental AG Financial Overview
Table 16 Green Hills Software Company Overview
Table 17 Green Hills Software Financial Overview
Table 18 Karamba Security Company Overview
Table 19 Karamba Security Financial Overview
Market Segmentation
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