Aviation Cyber Security Market to grow at a CAGR of close to 9%
Aviation Cyber Security market is projected to grow at a CAGR of ~9% during the forecast period 2021-2031. The enabling technological advancements in the aviation sector are creating massive growth opportunities to have better security, customer service, operations, passenger experience, and flight efficiency, both on the ground and in the air. The aviation sector has been benefitting from the increasing level of digitization and connectivity, across the value chain.
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What is Driving Demand for Aviation Cyber Security?
The need to protect infrastructure becomes critical as the aerospace sector progresses inward to spaceflight autonomy and invests trillions in the production of aviation technologies.
As threats become more and more resilient with each attack, the mostly preferred solutions are identification and prevention. Due to these scenarios, the businesses aim to adopt domain experts' services in order to create a business opportunity.
As the aerospace sector is investing billions in developing aviation technologies, and shifting towards the autonomy of spaceflight, the need to protect the infrastructure becomes vital.
The need for technological advancements in order to prevent the IT infrastructure and networks in aviation sector from cyber-attacks is a major driver for the market. Therefore, the cyber security market in aviation is likely to expand significantly concerning the aforementioned aspects.
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Being the Passengers Contact Point, Airport Management Holds an Extensive Market Share
By enabling the airport-wide process integration, exchange of real-time information on flights schedule, and collaboration, airports significantly improve passenger services, advanced security capabilities, and overall operational efficiencies.
Hence, airports continue to enhance their infrastructure intelligence to upgrade passengers travel experience and support the growth, as the number of air travel passengers is increasing at a rapid rate every year. These factors drive the adoption of IT systems thus, impacting the market.
Cyber security plays an important role to protect confidential data related to aircraft security details, passengers, etc., wherever automation and use of IT services are required.
Moreover, airports majorly enhance customer facilities, safety features, and operational performance, by allowing the information sharing in real-time with respect to flight schedule, enabling alignment and coordination through the entire airport operations. Such factors contribute to the acceptance of these systems, thereby positively impacting the sales of aviation cyber security solutions.
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US Aviation Cyber Security Industry Analysis
U.S. is expected to dominate the North America market in the future owing to the noteworthy advancements in aviation security solutions. Further, a significant number of companies operating in the aviation cyber security industry are based in the US, such as Cisco Systems, Inc., IBM Corporation, Raytheon Company, and BAE Systems plc, among others.
Key elements boosting the demand includes significant growth in the use of internet and social media in the U.S., thus propelling the need for technologically advanced and effective cyber security solutions and services.
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Europe Demand Outlook for Aviation Cyber Security
Civil Aviation is an attractive target for cyber-attacks and European Union Aviation Safety Agency’s (EASA) role is to ensure that cyber risks are taken into account during aircrafts design, development and operation and then controlled in order to avoid adverse effects on citizens’ safety. An EU Roadmap on Cybersecurity in aviation has been prepared by EASA in close co-operation with the European Commission.
EASA strongly supports the development of a resilient and secure European Aviation System and is operating through regulatory activities, promotion, as well as international cooperation to incorporate the cybersecurity in the existing safety notion. EASA’s mission is to provide the European citizens safe air travel in Europe and worldwide. This is expected to create a strong impact on the Europe aviation cyber security industry over the forecast period.
Who are the Key Aviation Cyber Security Providers?
Some of the leading providers of Aviation Cyber Security include
- Rockwell Collins Inc.
- BAE Systems plc
- Honeywell International Inc.
- Thales Group
- Cisco Systems Inc.
- Lockheed Martin Corporation
- Unisys Corporation
- The Raytheon Company
- Northrop Grumman Corporation
The market is experiencing mergers & acquisitions, and collaborations, to enable wider applications and stronger technical capabilities. Version upgrades with enhanced capabilities differentiate the market offerings. There are significant R&D spending being done by the market vendors to improve the offering on a continuous basis.
- Threat Intelligence and Response
- Identity and Access Management
- Data Loss Prevention
- Security and Vulnerability Management
- Airline Management
- Air Cargo Management
- Airport Management
- Air Traffic Control Management
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- North Africa
- Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Aviation Cyber Security Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.