According to IMARC Group’s latest report, titled “Aviation Cyber Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global aviation cyber security market reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2027, exhibiting a CAGR of 7.27% during 2022-2027.
Aviation cyber security refers to the practice of protecting the aviation sector, IT infrastructure, and networks against cyberattacks. The aviation industry extensively utilizes numerous computer-based interconnected systems for performing ground and flight operations. These systems include air traffic management systems, cabin crew devices, air navigation systems, onboard aircraft control and communication systems, flight information systems, in-flight entertainment systems, cargo handling and shipping. In recent years, aviation cyber security systems have gained traction as they help airline companies resist future disruptions and prevent any harm to their reputation, services and financial health.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The growing focus of airline companies on managing cyber vulnerabilities efficiently due to the increasing instances of cyberattacks represents the primary factor driving the aviation cyber security market growth. Additionally, the rising air passenger traffic and rapid upgradation of aircraft infrastructure with advanced technological solutions have bolstered the market growth. Besides this, the governing agencies of several countries are developing a cyber regulatory framework for aircraft systems to enhance and ensure safety and security standards, which is contributing to the market growth.
Furthermore, heavy investments in research and development (R&D) projects by manufacturers for launching innovative aviation cyber security systems represent another major growth-inducing factor. Apart from this, the growing popularity of cloud security solutions and increasing connectivity and digitization has catalyzed the product demand. Moreover, the aviation industry is widely adopting cyber security systems to ensure operational efficiency, enhanced passenger experience, flight safety, and better customer service, which, in turn, is driving the market toward growth.
Aviation Cyber Security Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the aviation cyber security market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Airbus SE
- BAE Systems Plc
- Booz Allen Hamilton Holding
- Cisco Systems Inc.
- Fortinet Inc.
- General Dynamics Corporation
- Honeywell International Inc.
- International Business Machines Corporation
- Lockheed Martin Corporation
- Palo Alto Networks Inc.
- SITA N.V.
- Thales Group
- Unisys Corporation
Key Market Segmentation:
The report has segmented the global aviation cyber security market on the basis of solution type, deployment type, application and region.
Breakup by Solution Type:
- Threat Intelligence and Response
- Identity and Access Management
- Data Loss Prevention
- Security and Vulnerability Management
- Managed Security
Breakup by Deployment Type:
Breakup by Application:
- Airline Management
- Air Cargo Management
- Airport Management
- Air Traffic Control Management
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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