Aviation Cybersecurity Market

The global aviation & defense cyber security market is projected to grow from USD 39.59 Billion in 2015 to USD 61.85 Billion by 2020, at a CAGR of 9.34% from 2015 to 2020. This growth is mainly attributed to the growing incidence of cybercrimes and cyber-attacks on the aerospace and defense sector. The report forecasts the aviation cyber security market over the next five years. It also identifies and analyzes market application gaps, evolving technologies, recent developments, and high potential geographic regions and countries. The aviation cyber security market has been analyzed on the basis of component (solution and service), deployment (on-cloud and on-premise), and region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report provides a competitive landscape for key players in the market, with an explicit focus on their product offerings, key financials, and growth strategies adopted by them to sustain their market position.

Key players in the aviation cyber security market have been identified through secondary research and their market shares have been determined through both primary and secondary research. These include a study of annual and financial reports of top players and extensive interviews of key industry personnel.

All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to procure the final quantitative and qualitative data. This data has been consolidated, added with detailed inputs and analysis by MarketsandMarkets, and presented in this report.

The following figure represents the primary interview breakdown undertaken during the course of this study on the aviation cyber security market:

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The ecosystem of the aviation cyber security market comprises solution providers, system developers, airports, airlines, and intelligence organizations.

This report will help the aviation cyber security providers, system developers, system integrators, and component manufacturers to identify hot revenue pockets in this market. Furthermore, this study answers several questions for stakeholders, which focus on prioritizing efforts and investments to be made in this industry over the period of next five years.

Key Target Audience:

• Cyber Security Service and Solution Providers
• Airlines and Airports
• Investment Research Firms

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This research report categorizes the global aviation cyber security market into the following segments and subsegments:

Global Aviation cyber security Market, By Component

• Solution
• Service

Global Aviation cyber security Market, By Deployment

• On-cloud
• On-premise

Global Aviation cyber security Market, By Region

• North America
• Europe
• Middle East & Africa
• Asia-Pacific
• Latin America

Customizations available for the report:

With the given market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

• Company Information
  • Detailed analysis and profiling of additional market players (Upto 5)
  • Further segmentation of the solution type segment

The global aviation & defense cyber security market is projected to grow from USD 39.59 Billion in 2015 to USD 61.85 Billion by 2020, at a CAGR of 9.34% from 2015 to 2020. Factors influencing the growth of this market include increasing popularity of cloud security solutions, emergence of social media, and increasing severity of cyber-attacks. The aerospace and defense industry is becoming highly dependent on IT, and is increasingly facing malicious cyber-attacks. This has further resulted in driving the procurement of advanced cyber security solutions and services. On the other hand, factors such as lack of latest technological knowledge and highly skilled workforce in security organizations are restraining the growth of this market.

In this report, the aviation cyber security market has been categorized into three key segments, namely, component, deployment, and region. The component segment has been further categorized into solution and service. The deployment segment includes on-premise and on-cloud deployment types, whereas on the basis of region, the market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Among the two deployment types covered in the report, the aviation cyber security market is dominated by the on-cloud segment. This growth is mainly attributed to the changing market trends of cyber security solutions and the paradigm shift from on-premise deployment to on-cloud deployment, owing to its low-cost, flexibility, and reduced complexities in operations.

North America is the most dominant region in the global aviation cyber security, as of 2015, followed by Europe. This market in Latin America is projected to grow at the highest CAGR during the forecast period. Factors attributed to the growth of this market includes exponential growth in the use of internet and social media in this region, thereby increasing the demand for effective and technologically advanced cyber security solutions and services. On the other hand, increase in cybercrime activities resulted in compelling the governments of Latin American countries such as Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, and Venezuela to pass legislations, thereby positively impacting the overall demand of cyber security services and solutions in this region.

Key players operating in the global aviation cyber security market are Cisco Systems, Inc., International Business Machines Corporation (IBM), Raytheon Company, Northrop Grumman Corporation, and BAE Systems plc. Agreements and contracts are the two major growth strategies adopted by players to strengthen their positions and enhance their product offerings.

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