Major players in the aviation and defense cyber security market are International Business Machines Corporation (IBM), Honeywell International Inc., Cisco Systems Inc., Thales Group, SITA, The Raytheon Company, BAE Systems PLC, Lockheed Martin Corporation, Harris Corporation, Northrop Grumman Corporation, Dovetail Dental Software, Envista Holdings, Patterson Dental Supply Inc., Gaargle Solutions Inc., NXGN Management LLC, and Computer Sciences Corporation.
The global aviation and defense cyber security market grew from $66.21 billion in 2022 to $75.53 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aviation and defense cyber security market is expected to grow to $119.66 billion in 2027 at a CAGR of 12.2%.
The aviation and defense cyber security market consists of sales of logistics and network security.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
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.
North America was the largest region in the aviation and defense cyber security market in 2022.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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of components in aviation and defense cyber security are solutions and services.The solution refers to tools and services that help to protect administrations against cyberattacks, which may result in application downtime, theft of sensitive data, and other hostile consequences.
It is deployed in on-cloud and on-premises models.
Rising cyber-attacks in the aircraft industry are expected to propel the growth of the aviation and defense cyber security 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 2019 and 2020, with 775 cyber-attacks against airlines. Therefore, the rising cyber-attacks in the aircraft industry are driving the demand for the aviation and defense cyber security market.
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 cyber security 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.
In July 2021, SITA, a Switzerland-based air transport communications, and information technology company acquired Safety Line S.A.S for an undisclosed amount. The acquisition would make it possible for SITA to expand its digital day of operations portfolio, which enables airlines to increase aircraft efficiency and fuel savings while taking immediate and long-term efforts to lower their carbon footprint. Safety line S.A.S is a Paris-based start-up specializing in digital solutions for aviation safety and efficiency.
The countries covered in the aviation and defense cyber security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The aviation and defense cyber security market research report is one of a series of new reports that provides aviation and defense cyber security market statistics, including aviation and defense cyber security industry global market size, regional shares, competitors with an aviation and defense cyber security market share, detailed aviation and defense cyber security market segments, market trends and opportunities, and any further data you may need to thrive in the aviation and defense cyber security industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.