Insights into Aviation Cyber Security Market: Global Trends and Analysis

The aviation cyber security market size has grown strongly in recent years. It will grow from $4.71 billion in 2023 to $5.1 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased cyber threats in aviation, risen dependency on digital technologies, regulatory compliance requirements, protection of sensitive data, high-profile cybersecurity incidents.

The aviation cyber security market size is expected to see strong growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to evolution of cyber threats, increasing connectivity in aviation systems, global aviation industry growth, collaboration for cybersecurity resilience, heightened focus on insider threats. Major trends in the forecast period include enhanced focus on insider threat mitigation, regulatory compliance and cybersecurity standards, growth in cybersecurity training programs, integration of threat hunting technologies, rapid incident response capabilities.

Market Overview -
Aviation cyber security refers to the prevention and protection of the hardware and software infrastructure that also includes data of the aviation sector from unauthorized access, harm, or abuse. Aviation cybersecurity includes the safeguarding of information in the form of digital data, along with the networks, websites, services, computers, and portals that carry and enable data access.

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Surge In Cyber Attacks Fueling Growth Of Aviation Cybersecurity Market
The increasing number of cyber-attacks is expected to boost the growth of the aviation cyber security market going forward. 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. For instance, according to AAG Cybersecurity, a company that provides a wide range of cybersecurity services, cyber attacks globally increased by 125% through 2021. Therefore, the increasing number of cyberattacks is driving the demand for the aviation cyber security market.

Competitive Landscape -
Major companies operating in the aviation cyber security market report are 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, plc, T-Systems International GmbH, Capgemini SE, Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), Ernst & Young Global Limited (EY), KPMG International Limited

Iata Launches Avsec Insight To Drive Advancements In Aviation Cybersecurity
Advancement in aviation security solutions is the key trend gaining popularity in the aviation cyber security market. 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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Key Segments -

The aviation cyber security market covered in this report is segmented -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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