Aviation Cyber Security Market 2023 | Size, Share, Trends, Insights And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Aviation Cyber Security Global Market Report 2023 identifies increasing number of cyber-attacks as the major driver for the aviation cyber security market's growth in the forecast period. A cyber attack is a strike that is launched against an information technology system with malicious intent to gain unauthorized access to a computer or network. These attacks aim to disable, erase, corrupt or steal the data stored on the systems. Aviation cybersecurity secure application architectures, secure code, rigorous data input validation, threat modeling, and other measures are implemented to reduce the possibility of unauthorized access or alteration of application resources in aviation.

The global aviation cyber security market size is expected to grow from $4.34 billion in 2022 to $4.71billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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 global aviation cyber security market size is expected to reach $6.26 billion in 2027 at a CAGR of 7.3%.

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Major competitors in the aviation cyber security market are Airbus SE, BAE Systems Inc., BluVector Inc., F-Secure Corporation, General Dynamics Corporation, General Electric Company, Honeywell International Inc.

A key trend in the aviation cyber security market includes Advancement in aviation security solutions. Major companies operating in the aviation cyber security market are focusing on developing new technologies and solutions to sustain their position in the market. For instance, in August 2022, International Air Transport Association (IATA), a Canada-based international trade association for the world's airlines, announced the launch of AVSEC Insight. It is an online platform that gives users access to various current, open-source information to help them spot security problems and threats to their operations and enterprises. Furthermore, the platform incorporates advanced machine learning and natural language processing (NLP) capabilities to guarantee that the platform gets progressively more intelligent and reliable as the dataset expands. AVSEC Insight addresses this difficulty by combining risk-related data from various sources, including specialist and local-language news media, NOTAMs (Notice to Air Missions), and other official sources. It lets clients promptly handle and recognize business risks, monitor real-time events, and perform post-event analysis. The tool covers threats and risks from natural disasters, civil unrest, protests, geopolitical developments, transnational crime, and cybersecurity.

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The aviation cyber security market is segmented -
1) By Security Type: Network Security, Wireless Security, Cloud Security, Content Security, Application Security

2) By Component: Solution, Services

3) By Deployment: Cloud, On-Premises

4) By Application: Airline Management, Air Cargo Management, Airport Management, Air Traffic Control Management

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aviation cyber security market.

The Business Research Company's "Global Aviation 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 Cyber Security Market Include:
1. Executive Summary
2. Aviation Cyber Security Market Characteristics
3. Aviation Cyber Security Market Trends And Strategies
4. Aviation Cyber Security Market - Macro Economic Scenario
5. Aviation Cyber Security Market Size And Growth
……
26. Africa Aviation Cyber Security Market
27. Aviation Cyber Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aviation Cyber Security Market
29. Aviation Cyber Security Market Future Outlook and Potential Analysis
30. Appendix

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