Press release
Aviation and Defense Cyber Security Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : International Business Machines Corporation, Honeywell International Inc., Cisco Systems Inc., Thales Group
Aviation and Defense Cyber Security Global Market Report 2024
As per the report, the aviation and defense cyber security market size has grown rapidly in recent years. It will grow from $76.76 billion in 2023 to $87.77 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The aviation and defense cyber security market size is expected to see rapid growth in the next few years. It will grow to $146.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.
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Increasing Cyber Threats In Aviation Push Growth In Aviation And Defense Cyber Security Market
Rising cyber-attacks in the aircraft industry are expected to propel the growth of the aviation and defense cybersecurity 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 2020 and 2021, with 775 cyber-attacks against airlines. Therefore, the rising cyber-attacks in the aircraft industry are driving the demand for the growth of the aviation and defense cyber security market.
Introduction Of Advanced Cybersecurity Tool For Aircraft Protection
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 cybersecurity 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.
The aviation and defense cyber security market covered in this report is segmented -
1) By Component: Solution, Service
2) By Deployment: On-Cloud, On-Premise
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Major companies operating in the aviation and defense cyber security market include International Business Machines Corporation, Honeywell International Inc., Cisco Systems Inc., Thales Group, Société Internationale de Télécommunications Aéronautiques (SITA), Raytheon Technologies Corporation, BAE Systems plc, Lockheed Martin Corporation, L3Harris Technologies Inc., Northrop Grumman Corporation, The Boeing Company, General Dynamics Corporation, Leonardo S.p.A., Airbus SE, Science Applications International Corporation Inc., CACI International Inc., Booz Allen Hamilton Holding Corporation, Leidos Holdings Inc., Kratos Defense & Security Solutions Inc., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Mandiant Corporation, Fortinet Inc., Intel Corporation, NortonLifeLock Inc., CrowdStrike Holdings Inc., Trend Micro Incorporated, Kaspersky Lab ZAO, F-Secure Corporation, Secureworks Corporation, Darktrace plc, Nozomi Networks Inc., Armis Security Inc., Resilient Systems Inc.
Contents of the report:
1. Executive Summary
2. Aviation and Defense Cyber Security Market Report Structure
3. Aviation and Defense Cyber Security Market Trends And Strategies
4. Aviation and Defense Cyber Security Market - Macro Economic Scenario
5. Aviation and Defense Cyber Security Market Size And Growth
…..
27. Aviation and Defense Cyber Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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