Aviation Cyber Security Market

Aviation Cyber Security Market Size was valued at USD 62.2 Billion in 2022. The Aviation Cyber Security market industry is projected to grow from USD 68.01 Billion in 2023 to USD 138.93 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.34% during the forecast period (2023 - 2032).

Increasing utilization of IT services in the aviation industry has led to a rise in cyberattacks. This, in turn, has paved the growth trajectory of the market for the next couple of years.

With the increase in airlines services, the investments in advanced cybersecurity solutions are set to increase in the years to come. This, in turn, is prognosticated to catapult the aviation cyber security market on upward trajectory.

The aviation industry holds a massive amount of confidential data which can pose a high level of risk to individuals, organizations, and nations. This factor has motivated the adoption of technologically advanced and latest security measures, which is projected to encourage growth of the Aviation Cyber Security Market Overview over the next few years. Although the market is likely to remain lucrative in the nearby future, factors such as high maintenance cost and lack of skilled personnel are poised to restrict the growth of the market in the years to come.

Competitive Dashboard:

Honeywell International, Inc., Computer Sciences Corporation, BAE Systems PLC, Cisco Systems, Inc., IBM Corporation, Cisco Systems, Inc., Harris Corporation, Northrop Grumman Corporation, Thales Group, Raytheon Company, and SITA are few of the major players in the global aviation cyber security market assessed in this MRFR report. These players are profiled to present an exhaustive share analysis of the market. Key growth trajectories expected to be devised by the players are research & development, collaborations, mergers & acquisitions, agreements, competitive pricing policies, etc. In addition, increasing investments in the development of technological innovations is another major factor anticipated to intensify competition in the global aviation cyber security market over the next couple of years.

Market Segmentation Outlook:

The segmental analysis of the aviation cyber security market, on the basis of type, covers network security, cloud security, content security, wireless security, and application security. Among these, the network security segment is likely to witness expansion at the highest CAGR over the assessment period. The segment’s growth can be accredited to the rising dependency of the aviation industry on computer applications.

On the basis of deployment, the global aviation cyber security market has been bifurcated into on-cloud and on-premise. The on-premise segment is poised to dominate the market over the next couple of years. Meanwhile, the on-cloud segment is projected to register a higher growth rate across the forecast period.

The segments of the aviation cyber security market, based on application, include air traffic management, airport management, airline management, and air cargo management. Among these, the airport management segment is forecasted to retain its dominance over the market in the foreseeable future. The airline management segment, on the other hand, is expected to expand at a higher CAGR across the forecast period.

On the basis of component, the global Aviation Cyber Security Market Size has been divided into solution and service.

Regional Analysis Insight:

On the basis of region, the global aviation cyber security market has been segmented into North America, Asia Pacific (APAC), the Middle East & Africa (MEA), Europe, and Latin America. North America is likely to hold the pole position in the global market place through the evaluation period. Increasing adoption of advanced technologies in the aviation industry of the region is expected to drive market growth in the forthcoming years. Europe is expected to maintain its standing at the second spot in the upcoming years and benefit from the presence of key players. Meanwhile, the highest growth rate is expected to be registered by Asia Pacific during the assessment period.

Aviation Cyber Security Market Research Report: Information by Type (Network Security, Wireless Security, Cloud Security, Content Security and Application Security), Deployment (On-Cloud and On-Premise), Application (Airline management, Airport management, Air Traffic Management and Air Cargo Management), Component (Solution and Service) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

Related Link:

·       Passenger Security Market Research Report: Information by Solution (Baggage Inspection Systems, Video Management Systems, Access Control/Biometric Systems, Cybersecurity Solutions, Hand-Held Scanners, Full-Body Scanners, Explosive Trace Detectors, Walk-Through Metal Detectors, Perimeter Intrusion Detection Systems and Bar-Coded Boarding Systems), Investment Type (New Demand and Replacement Demand), End User (Commercial Airports, Seaports and Railway Stations) and Region (North America, Europe, Asia-Pacific, Middle Africa) - Forecast till 2030

·       Homeland Security and Emergency Management Market Research Report: Information by Installation Base (Fixed Command Centers and Deployable Command Centers), Component (Solution and Services), Platform (Land, Maritime, Airborne and Space), Application (Military, Homeland Security & Cyber Protection and Commercial) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

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