Aviation Cybersecurity Market Scenario
Aviation Cyber Security Market Is Projected to Reach USD 61.85 Billion By 2020, At A CAGR Of 9.34% From 2020 To 2030
Aviation Cybersecurity Market has seen remarkable growth over the past few years. It has been expected that the market will grow at a rapid pace during the forecast period. Over the last couple of years, the aviation industry has undergone various advanced security system where cybersecurity is their main point of attraction. The airline services are increasing day by day and are becoming more focused on implementing information technology in their system. As a result, the aviation industry has given high chances of cyber-attacks. However, to control these types of attacks, the aviation industry is focusing more on cybersecurity solutions. The aviation industry is one of the largest of industries, which deals in high level and storage of confidential data, which are majorly used by the airline companies, airports, and air traffic management. As a result, the demand for aviation cybersecurity system to avoid the leakage of stored data is very high. Moreover, the technological advancement in the aviation industry has also boosted demand. T
The aviation cybersecurity market is expected to witness remarkable growth during the forecast period as several companies are opting for cyber aviation security into their systems. The market is majorly influenced by the growth factors such as increasing rate of cyber-attacks, technological advancements, and stringent government regulation. Despite these factors, the high maintenance cost, lack of skilled labor, and absence of standard cybersecurity framework may hinder the market growth majorly. T
Segmentation of the Global Aviation Cyber Security Market
The aviation cybersecurity market is segmented on type, deployment, application, component, and region. On the basis of type, the market has been segmented into network security, wireless security, cloud security, content security, and application security. The network security segment is expected to witness the highest CAGR during the forecast period. This is due to the heavy dependency of the aviation industry on computer systems in its ground and flight operations. Moreover, the security of the airline systems can directly impact the operational safety and efficiency of the industry. Based on deployment, the market has been segmented into on-cloud and on-premise. The on-premise segment is expected to be the largest segment in the review period. The on-cloud segment of aviation cybersecurity market shows the highest growth rate due to the increasing adoption of cloud in the aviation industry. Based on application, the market has been segmented into airline management, airport management, air traffic management, and air cargo management. The airport management is the largest segment due to the greater use of computer systems in airport management applications. The airline management application is expected to grow at a high CAGR during the forecast period. Based on the region, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latine America. North America is expected to dominate the market in the future due to the increasing advancements in aviation security solutions. Moreover, a majority of the companies operating in the aviation cybersecurity market are based in the US. Europe is the second largest market due to the rise in a large number of airports in the countries, such as Germany, France, and Spain. Asia-Pacific region is the fastest-growing region in the aviation cybersecurity market due to increasing terrorism incidences and cybersecurity threats.
The key players in the global Aviation Cyber Security market are Honeywell International, Inc., BAE Systems PLC, Computer Sciences Corporation, Cisco Systems, Inc., Harris Corporation, IBM Corporation, Cisco Systems, Inc., Northrop Grumman Corporation, Raytheon Company, Thales Group, and SITA.
The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
The aviation cyber security market can rise at 9.34% CAGR by 2030.
Computer Sciences Corporation, Harris Corporation, Cisco Systems, Inc., and IBM Corporation, Cisco Systems, Inc. are some well-established aviation cyber security market players.
The increase in installation of cloud services to promote aviation cyber security market.
North America flight entertainment market to surge in approaching year.