Aerospace Cyber Security Market to Witness Huge Growth by 2032 | Boeing, Thales Group, BAE Systems, Eurocontrol, Honeywell International Inc

The global aerospace cyber security market size generated $26.3 billion in 2022 and is anticipated to generate $58.8 billion by 2032, witnessing a CAGR of 8.4% from 2023 to 2032.

The growth of the global aerospace cyber security market is driven by factors such as increase in cyber threats, rise in trend of digitization & connectivity, and integration of advanced technologies in the aerospace sector. However, high installation & operational costs and regulatory challenges hamper the growth of the market. On the contrary, technological advancements and innovation, coupled with strengthening of cyber regulations in the aerospace industry, are expected to offer remunerative opportunities for the expansion of the aerospace cyber security market during the forecast period.

Download Sample Report and Table of Content - https://www.alliedmarketresearch.com/request-sample/A09068

The aerospace sector has acknowledged the critical need to secure its supply chain against cyber threats. Organizations are actively engaged in evaluating and enhancing the cyber security resilience of their suppliers and partners to mitigate the risk of vulnerabilities entering through the supply chain. Simultaneously, there is a rising trend in incorporating artificial intelligence (AI) and machine learning (ML) into cyber security solutions. These technologies play a pivotal role in augmenting threat detection capabilities, automating response mechanisms, and analyzing extensive datasets to identify patterns indicative of potential cyber threats. In addition, the aerospace industry's increasing adoption of cloud services has led to a heightened focus on cloud security solutions. These tailored solutions aim to address the unique challenges associated with securing data and applications in cloud environments, all while ensuring strict compliance with industry regulations.

The A-ISAC is an industry-driven initiative focused on enhancing the cyber security resilience of the aviation sector. It facilitates the sharing of timely and relevant cyber security information among member organizations, fostering collaboration and improving the collective defense against cyber threats. Continuous monitoring of networks and systems for potential threats is a prevailing trend. Aerospace organizations are investing in solutions that provide real-time threat intelligence, helping them stay ahead of emerging cyber threats and proactively respond to potential risks.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/A09068

The global aerospace cyber security market is experiencing notable growth driven by escalation in cyber threats, increased digitization, and connectivity in the aerospace sector. The integration of advanced technologies further contributes to this trend. The industry's growth is further fueled by technological advancements and innovation. Moreover, implementation of stringent cyber regulations within the aerospace sector is anticipated to offer significant growth opportunities for companies operating in the market.

Recent Developments in the Aerospace Cyber Security Sector

In January 2023, The Aerospace Corporation introduced the Space Attack Research and Tactic Analysis (SPARTA) framework, pinpointing distinct hacker risks to space systems.
July 2023 saw Honeywell International's confirmation of acquiring SCADAfence, a leading provider of cybersecurity solutions for operational technology (OT) and Internet of Things (IoT) in monitoring extensive networks.
March 2022 marked Northrop Grumman Corporation's announcement of establishing the 100th U.S. Air Force training site on the company's distributed mission operations network (DMON), fostering secure global connectivity for combat air force (CAF) crews.
In April 2022, Thales inaugurated its sixth cybersecurity center in Morocco, reinforcing its commitment to cybersecurity in the African continent.
November 2021 witnessed Honeywell International, Inc. launching Honeywell NAVITAS, a software amalgamating AI, big data, machine learning, cybersecurity, and human-centered design principles.
May 2021 saw the Air Force Life Cycle Management Center (AFLCMC) collaborating with Lockheed Martin to establish the rogue blue software factory, producing mission planning and command and control applications for the U.S. Strategic Command.
In February 2021, Lockheed Martin Corporation secured a basic ordering agreement (BOA) from the U.S. Air Force for Platform One software DevSecOps services, encompassing DevSecOps engineering, software development, cybersecurity, operations, and IT support.

LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report @ https://www.alliedmarketresearch.com/checkout-final/9724e177da856f1b39e9879725ff42cb

Region wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting less than one-third of the market revenue, and is likely to dominate the market during the forecast period, as there is highly advanced and technologically sophisticated aerospace industry, with a focus on innovation, research, and development. However, Asia-Pacific is expected to witness the highest CAGR of 7.8% from 2023 to 2032, owing to governments in Asia-Pacific that are recognizing the importance of cybersecurity in the aerospace sector and are implementing initiatives and regulations to enhance cybersecurity resilience.

Report Key Highlights:

The aerospace cyber security industry analysis spans over 15 countries, offering a comprehensive breakdown of values ($million) from 2022 to 2032.
Our research integrates top-tier data, expert opinions, and in-depth analysis, accompanied by substantial independent perspectives. This method is designed to furnish a well-rounded view of the global market, aiding stakeholders in making informed decisions for ambitious growth objectives.
A meticulous review process encompassed over 3,700 product catalogs, annual reports, industry descriptions, and similar resources from major industry players, enhancing our understanding of the market dynamics.

Leading Market Players

Astronautics Corporation of America
BAE Systems
DXC Technology Company
Eurocontrol
Honeywell International Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Boeing
Thales Group
The Aerospace Corporation

Access Full Summary: https://www.alliedmarketresearch.com/aerospace-cyber-security-market-A09068

David Correa
1209 Orange Street
Corporation Trust Center
Wilmington
New Castle
Delaware 19801
USA Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.