Press release
Aviation And Defense Cyber Security Market Report 2023-2032: Market Trends, Size, Industry Analysis And Forecast | International Business Machines Corporation (IBM), Honeywell International Inc., Cisco Systems Inc., Thales Group, SITA
Aviation And Defense Cyber Security Market
The Business Research Company's Aviation And Defense Cyber Security Global Market Report 2023 identifies Rising Cyber-attacks in the aircraft industry as the major driver for the Aviation And Defense Cyber Security market's growth in the forecast period. 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.
The global aviation and defense cyber security market size 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 size is expected to grow to $119.66 billion in 2027 at a CAGR of 12.2%.
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Major competitors in the Aviation And Defense Cyber Security market are International Business Machines Corporation (IBM), Honeywell International Inc., Cisco Systems Inc., Thales Group, SITA.
A key trend in the Aviation And Defense Cyber Security market includes Product innovations. 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.
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The Aviation And Defense Cyber Security market is segmented -
1. By Component: Solution, Service.
2. By Deployment: On-Cloud, On-Premise
3. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aviation And Defense Cyber Security market.
The Business Research Company's "Global Aviation And Defense Cyber Security Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aviation And Defense Cyber Security Market Include:
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 Forwarding Market - Macro Economic Scenario
5. Aviation And Defense Cyber Security Market Size And Growth
……
26. Africa Aviation And Defense Cyber Security Market
27. Aviation And Defense Cyber Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aviation And Defense Cyber Security Market
29. Aviation And Defense Cyber Security Market Future Outlook and Potential Analysis
30. Appendix
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