How Fast Is the Aviation Cyber Security Market Growing and What Is the Future Forecast?
The aviation cyber security market size has shown an encouraging growth trend in recent years. It is projected to grow from $4.98 billion in 2024 to $5.32 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period is attributed to increased cyber threats in aviation, reliance on digital technologies, regulatory compliance requirements, the need to protect sensitive data, and high-profile cybersecurity incidents.
The aviation cyber security market is expected to continue this strong growth trajectory in the coming years. Forecasts suggest the market will expand to $7.44 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth during the forecast period will be influenced by the evolution of cyber threats, increasing connectivity in aviation systems, worldwide growth of the aviation industry, collaboration for cybersecurity resilience, and a heightened focus on insider threats. Other notable market trends include enhanced focus on insider threat mitigation, regulatory compliance, cybersecurity standards, investment in cybersecurity training programs, incorporation of threat-hunting technologies, and development of rapid incident response capabilities.
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What Is Driving the Growth of the Aviation Cyber Security Market?
An upward trend in the number of cyber-attacks is expected to drive the growth of the aviation cyber security market. Cyber-attacks, launched with the intent to gain unauthorized access to an IT system, disable, erase, corrupt, or steal the system’s data, are on the rise. The aviation cybersecurity industry is implementing secure application architectures, secure code, rigorous data input validation, threat modeling, and other measures to reduce the chance of unauthorized alterations or access. For instance, in July 2024, AAG IT Services, a US-based cybersecurity firm, reported an 81% increase in cyberattacks in Australia between July 2021 and June 2022. Additionally, attacks on financial websites surged by more than 200% in 2022, according to the most recent statistics on cybercrime. This increase in cyber threats is driving demand for robust aviation cyber security measures.
What Are the Main Segments Within the Global Aviation Cyber Security Market?
1) By Component: Solution, Services
2) By Security Type: Network Security, Wireless Security, Cloud Security, Content Security Application Security
3) By Deployment: Cloud, On-Premises
4) By Application: Airline Management, Air Cargo Management, Airport Management, Air Traffic Control Management
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Who Are The Major Players in The Aviation Cyber Security Market?
The aviation cyber security market is dominated by several key players including Airbus SE, BAE Systems Inc., BluVector Inc., F-Secure Corporation, General Dynamics Corporation, General Electric Company, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Palo Alto Networks Inc., Raytheon Intelligence & Space, Thales Group Inc., Unisys Corporation, Collins Aerospace, International Business Machines Corporation, SITA Information Security Services, Astronautics Corporation of America, Booz Allen Hamilton Holding Corp., Cisco Systems Inc., Fortinet Inc., McAfee Corp., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Check Point Software Technologies, Computer Sciences Corporation, Accenture plc, T-Systems International GmbH, Capgemini SE, Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), Ernst & Young Global Limited (EY), and KPMG International Limited.
What Are The Emerging Trends in The Aviation Cyber Security Market?
The aviation cyber security market is witnessing the emergence of new security solutions. Major market players are focusing on developing innovative technologies and solutions to stay ahead. For example, in August 2022, the International Air Transport Association (IATA) launched AVSEC Insight, an online platform that collates open-source information to help users identify security issues and threats. This platform uses machine learning and natural language processing for advanced analytics, enabling users to identify business risks and monitor real-time events comprehensively.
Which Geographical Regions Hold Dominant Position in The Aviation Cyber Security Market?
North America was the most affluent region in the aviation cyber security market in 2024. However, Asia-Pacific is anticipated to be the fastest-growing region in the global aviation cyber security market during the forecast period. This report also covers market analysis for Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Information Does The Aviation Cyber Security Global Market Report 2025 Offer?
The Aviation Cyber Security Global Market Report 2025 provides research-based market data and insights on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Aviation cyber security refers to the prevention and protection of the hardware, software, and data infrastructure of the aviation sector from unauthorized access or harm. Including the safeguarding of data in the form of digital data, along with the networks, websites, services, computers, and portals that facilitate data access.
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