Press release
Aviation and Defense Cyber Security Market Size, Share, Trends, Growth, Forecast to 2034
Aviation and Defense Cyber Security Market
Unprecedented growth in the Aviation and Defense Cyber Security Market is fueled by increased connectivity, nation-state threats, data breaches, regulatory compliance, and economic growth along with an increasing digitalization, rise in automation, rising defense budget, and government support.
What Is The Projected Market Size Of The Global Aviation and Defense Cyber Security Market And Its Growth Rate?
• Market size in 2024: $86.08 billion
• Market size in 2025: $98.21 billion (14.1% CAGR)
• Market size in 2029: $161.2 billion (13.2% CAGR)
What Is Driving The Growth In The Aviation and Defense Cyber Security Market?
The rising cyber-attacks in the aircraft industry are driving the demand for the aviation and defense cyber security market. The emergence of digital or connected airplanes and the Internet of Things in airports introduces new hazards and risks of cyber-attacks. The Australian Cyber Security Centre recorded a worrying 13% increase in cyber crime reports in 2022, highlighting the urgent need for effective cyber security measures.
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Who Are the Key Players Driving Aviation and Defense Cyber Security Market Growth?
• International Business Machines Corporation
• Honeywell International Inc.
• Cisco Systems Inc.
• Thales Group
• Société Internationale de Télécommunications Aéronautiques (SITA)
• And many more
What Are The Key Trends In The Aviation and Defense Cyber Security Market?
Key trends in the market include:
• Cloud security
• Advanced authentication methods
• Threat hunting and detection
• Cyber-physical convergence
• Quantum-resistant cryptography.
What Are The Segments Of The Global Aviation and Defense Cyber Security Market?
• By Component: Solution, Service
• By Deployment: On-Cloud, On-Premise
Which Region Leads The Aviation and Defense Cyber Security Market?
North America was the largest region in the aviation and defense cyber security market in 2024. However, Asia-Pacific is expected to show the fastest growth in the forecast period.
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What Is Covered In The Aviation and Defense Cyber Security Market Global Market Report?
- Market Size Analysis: Analyze the Aviation and Defense Cyber Security Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aviation and Defense Cyber Security Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aviation and Defense Cyber Security Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aviation and Defense Cyber Security Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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