Aviation and Defense Cyber Security Market Size to Reach $144.21 Billion by 2029 | Growth at 11.7% CAGR Forecast

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What is the Projected Market Size of the Aviation and Defense Cyber Security Industry?
Recent years have witnessed a fast-paced expansion in the aviation and defense cyber security market. The market size, which is projected to be $83.79 billion in 2024, is anticipated to increase to $92.62 billion in 2025, presenting a compound annual growth rate (CAGR) of 10.5%. The historical growth in this market has been driven by factors such as heightened connectivity, threats from nation-states, data violations, regulatory compliance, and economic growth.

What Will Be the Size of the Aviation and Defense Cyber Security Market by 2029?
Anticipated to experience an accelerated expansion in the forthcoming years, the size of the aviation and defense cyber security market is projected to inflate to $144.21 billion by 2029, with a compound annual growth rate (CAGR) of 11.7%. The boost in its growth during the forecast period can be credited to an uptick in digitalization, increased automation, an escalation in defense spending, and governmental backing. Noteworthy trends during this period will encompass cloud security, progressive authentication procedures, threat tracking and detection, convergence of cyber and physical elements, and quantum-resistant cryptography.

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What Are the Key Drivers Accelerating Growth in the Aviation and Defense Cyber Security Market?
The aviation and defense cybersecurity market is anticipated to expand due to growing cyber-attacks in the aircraft industry. Digital or connected airplanes, along with the use of the Internet of Things at airports, present new threats and cyber-attack risks that can be mitigated through cybersecurity. For example, the Australian Cyber Security Centre, a cybersecurity agency based in Australia, reported a 13% increase in cybercrime reports in 2022, with 76,000 incidents noted. Consequently, the aircraft industry's escalating cyber-attacks are fueling the necessity for growth in the aviation and defense cybersecurity market.

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How Is the Aviation and Defense Cyber Security Market Segmented by Type, Application, and Region?
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

Subsegments:
1) By Solution: Network Security Solutions, Endpoint Security Solutions, Application Security Solutions, Cloud Security Solutions, Data Loss Prevention (DLP) Solutions, Threat Intelligence Solutions
2) By Service: Managed Security Services, Consulting Services, Incident Response Services, Security Training and Awareness Services, Compliance and Risk Management Services

What Are the Key Trends Driving Growth in the Aviation and Defense Cyber Security Market?
The growing popularity of product innovations is a main trend in the aviation and defense cybersecurity market. Notable companies in this sector are concentrating their efforts on creating superior products to solidify their market standing. An example is BAE Systems, an aerospace, defense, and security firm located in the UK, which introduced the Viper Memory Loader Verifier II (MLV II) in October 2022. This improved version of their innovative maintenance tool aims to decrease the chances of an F-16 aircraft being susceptible to cyberattacks. The updated product boasts enhanced, cyber-secured aircraft mission capabilities and an open system architecture that results in reduced lifecycle expenses. Besides its crucial function of loading and verifying software on the aircraft, the Viper MLV II also facilitates mission data file loads, flight and fault data downloads, as well as third-party application software.

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Who Are the Leading Companies Driving Growth in the Aviation and Defense Cyber Security Market?
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.

Which Is the Leading Region in the Global Aviation and Defense Cyber Security Market?
North America was the largest region in the aviation and defense cyber security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation and defense cyber security market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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