Aviation Cyber Security Market: Stick Point Analysis For Changing Competitive Dynamics

To safeguard aviation networks, database, and computers from cyber-attacks or unauthorized access, different aviation cyber security solutions have emerged. They furnish a comprehensive suite of digital protection solutions to the aviation industry so that it can conduct its day to day operations smoothly.

A report by Transparency Market Research furnishes an executive-level blueprint of the global aviation cyber security market. For the purpose of study, the market has been bifurcated depending upon the deployment mode into on-premise and hosted. Currently, cloud-based data security services are gaining traction on account of their convenience. The report also segments the market by type into wireless security, network security, cloud security, and content security and application security. The network-based security, among them, accounted for maximum market share – around 30% – in 2016. In the years ahead, however, the application based security segment is predicted to clock maximum growth.

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Solution-wise, the key segments of the global aviation cyber security market as per the report are disaster recovery management, data encryption, data loss prevention, network firewall, risk and compliance management, unified threat management, antivirus/antimalware, identity and access management, distributed denial of service (DDOS) attack protection vulnerability management, and web filtering. Of these, the identity and access management solution segment will likely contribute the most to the market share because of their swift uptake by medium and small airline operators. In terms of growth rate, the vulnerability management solution segment will outpace all others from 2017 to 2025 due to demand from airline operators to offer add-on security solution.

The revenue in the global market for aviation cyber security is forecasted to rise at a 7.4% CAGR from 2017 to 2025 to reach a value of US$4,759.3 mn by 2025 from US$ 2,545.2 mn in 2016. The growth in the market will be primarily driven by the swiftly expanding aviation industry and its rapid uptake of technology, some of which have a direct bearing on the safety of aircraft inflight and on daily service. Aviation cyber security solutions help airline operators and airport authorities to enhance their operations by thwarting unseen cyber threats. Furthermore, demand for network security, cloud security and content security among new medium and low cost carriers is expected to increase market revenue in the coming years.

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A noticeable trend in the market is the offer of new services such as disaster recovery management, web filtering and distributed denial of service (DDOS) attack protection solution in order to fulfill the airline operator’s demand by cyber security solution providers.

Geographically, the key segments of the global cyber security aviation market are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America, among them, accounted for maximum market share – around 36% – in 2016. This is because the region has witnessed a raft of cyber-attacks in the recent past and continues to be vulnerable on account of high degree of automation.

Going forward, South America and the Middle East and Africa are predicted to outpace all other regions in terms of the growth rate clocked. The phenomenal growth in the two regions will be facilitated by the increase in low cost carriers and emerging smart airports.

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This release was published on openPR.