Aviation and Defense Cyber Security Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2024-2033|International Business Machines Corporation, Honeywell International Inc., Cisco Systems Inc., Thales Group, Société Internationale de Télécommunications Aéronautiques (SITA)

The Aviation and Defense Cyber Security Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Aviation and Defense Cyber Security Global Market Report 2024, 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.

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.

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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

Product innovations have emerged as the key trend gaining popularity in the aviation and defense cyber security market. Major companies operating in the aviation and defense cybersecurity market are focused on developing advanced products to strengthen their market position. For instance, in October 2022, BAE Systems, a UK-based aerospace, defense, and security company, unveiled the Viper Memory Loader Verifier II (MLV II), an updated model of a cutting-edge maintenance tool that will lessen the vulnerability of F-16 aircraft to cyberattacks. The cyber-hardened aircraft mission capabilities in this new product version will have an open system architecture that lowers lifecycle costs. In addition to the flight-critical ability to load and verify software onto the aircraft, the Viper MLV II supports mission data file loads, flight and fault data downloading, and third-party application software.

The aviation and defense cyber security market report table of contents includes:

Executive Summary
Aviation and Defense Cyber Security Market Characteristics
Aviation and Defense Cyber Security Market Trends And Strategies
Aviation and Defense Cyber Security Market – Macro Economic Scenario
Global Aviation and Defense Cyber Security Market Size and Growth

Aviation and Defense Cyber Security Market Competitive Landscape And Company Profiles
Global Aviation and Defense Cyber Security Market Competitive Benchmarking
Global Aviation and Defense Cyber Security Market Competitive Dashboard
Key Mergers And Acquisitions In The Aviation and Defense Cyber Security Market
Aviation and Defense Cyber Security Market Future Outlook and Potential Analysis

Top Major Players