Blueweave
Indonesia V2x Cybersecurity Market

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      

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 Size

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)

  • Vehicle-To-Grid (V2G)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Indonesia V2X Cybersecurity Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing Demand for Electric Vehicles
        2. Increase in Demand for Connected Vehicles
      2. Restraints
        1. Lack of Infrastructure for Proper Functioning of V2X
      3. Opportunities
        1. Advancement in Technology
      4. Challenges
        1. Providing Secure Application
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Indonesia V2X Cybersecurity Market Overview
    1. Market Vehicle Type & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Unit Type
        1. On-Board Unit
        2. Roadside Unit
      2. By Vehicle Type
        1. Passenger Car
        2. Light Commercial Vehicle
        3. Heavy Commercial Vehicle
      3. By Propulsion
        1. ICE
        2. Electric & Hybrid
        3. Others
      4. By Communication
        1. Vehicle-To-Vehicle (V2V)
        2. Vehicle-To-Infrastructure (V2I)
        3. Vehicle-To-Grid (V2G)
        4. Others
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Indonesia V2X cybersecurity Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on Indonesia V2X Cybersecurity Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Escrypt
    2. Qualcomm Incorporated
    3. Autotalks
    4. Autocrypt Co. Ltd.
    5. Continental AG
    6. Green Hills Software
    7. Karamba Security
    8. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1. Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*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

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Note: Please share the corporate email address for faster response

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: During the forecast between 2023 and 2029, Indonesia V2X Cybersecurity Market size is expected to grow at a CAGR of 18.22%.
Ans: Major factors driving the growth of Indonesia V2X Cybersecurity Market include an increasing demand for electric vehicles and rising demand for connected vehicles.
Ans: Key players in Indonesia V2X Cybersecurity Market include Escrypt, Qualcomm Incorporated, Autotalks, Autocrypt Co. Ltd., Continental AG, Green Hills Software, and Karamba Security.
Ans: The passenger car segment is expected to hold the highest market share in the Indonesia V2X Cybersecurity Market by vehicle type.
Ans: The vehicle-to-grid (V2G) segment is expected to hold the highest market share in the Indonesia V2X Cybersecurity Market by communication.
array(1) {
  ["__ci_last_regenerate"]=>
  int(1731005082)
}