Aviation and defense cyber security refers to highly reliant and progressively interconnected cybersecurity that encompasses the protection of information in the form of digital data and information associated with networks, websites, services, computers, and portals that transport and enable security. The aviation and defense cyber security is used to prevent or mitigate the effects of a cyberattack. Aviation relies heavily on cyber-enabled technologies to improve the safety and efficiency of air travel.
The aviation and defense cyber security market size has grown rapidly in recent years. It will grow from $76.76 billion in 2023 to $87.77 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%.The growth in the historic period can be attributed to increased connectivity, nation-state threats, data breaches, regulatory compliance, economic growth.
The aviation and defense cyber security market size is expected to see rapid growth in the next few years. It will grow to $146.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to increasing digitalization, rise in automation, rising defense budget, government support. Major trends in the forecast period include cloud security, advanced authentication methods, threat hunting and detection, cyber-physical convergence, quantum-resistant cryptography.
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Segmentation & Regional Insights
The aviation and defense cyber security market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment: On-Cloud, On-Premise
North America was the largest region in the aviation and defense cyber security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation and defense cyber security market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Rising cyber-attacks in the aircraft industry are expected to propel the growth of the aviation and defense cybersecurity market going forward. The emergence of digital or connected airplanes, as well as the Internet of Things in airports, introduces new hazards and risks of cyber-attacks, which can be prevented with cyber security. For instance, according to The European Organization for the Safety of Air Navigation, an international organization working to achieve safe and seamless air traffic management across Europe, there was a 530% rise in cyber-attacks between 2020 and 2021, with 775 cyber-attacks against airlines. Therefore, the rising cyber-attacks in the aircraft industry are driving the demand for the growth of the aviation and defense cyber security market.
Key Industry Players
Major companies operating in the aviation and defense cyber security market include International Business Machines Corporation, Honeywell International Inc., Cisco Systems Inc., Thales Group, Société Internationale de Télécommunications Aéronautiques (SITA), Raytheon Technologies Corporation, BAE Systems plc, Lockheed Martin Corporation, L3Harris Technologies Inc., Northrop Grumman Corporation, The Boeing Company, General Dynamics Corporation, Leonardo S.p.A., Airbus SE, Science Applications International Corporation Inc., CACI International Inc., Booz Allen Hamilton Holding Corporation, Leidos Holdings Inc., Kratos Defense & Security Solutions Inc., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Mandiant Corporation, Fortinet Inc., Intel Corporation, NortonLifeLock Inc., CrowdStrike Holdings Inc., Trend Micro Incorporated, Kaspersky Lab ZAO, F-Secure Corporation, Secureworks Corporation, Darktrace plc, Nozomi Networks Inc., Armis Security Inc., Resilient Systems Inc.
The aviation and defense cyber security market report table of contents includes:
1. Executive Summary
2. Aviation and Defense Cyber Security Market Characteristics
3. Aviation and Defense Cyber Security Market Trends And Strategies
4. Aviation and Defense Cyber Security Market – Macro Economic Scenario
5. Global Aviation and Defense Cyber Security Market Size and Growth
…………..
31. Global Aviation and Defense Cyber Security Market Competitive Benchmarking
32. Global Aviation and Defense Cyber Security Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aviation and Defense Cyber Security Market
34. Aviation and Defense Cyber Security Market Future Outlook and Potential Analysis
35. Appendix
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