PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587882
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587882
Global aviation cyber security market is estimated to be valued at USD 9.45 Bn in 2024 and is expected to reach USD 14.64 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 9.45 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.40% | 2031 Value Projection: | US$ 14.64 Bn |
The aviation industry has become increasingly reliant on advanced technologies over the past few decades. Cyber security has now emerged as a major area of concern for aviation stakeholders, given the critical role played by digital systems in modern aviation operations. A cyber-attack targeting aviation networks and systems can potentially compromise safety, disrupt operations, and even cause accidents in worst cases. This has prompted governments and aviation regulators worldwide to focus on developing robust cyber security frameworks for the aviation sector. The global aviation cyber security market is poised to grow significantly in the coming years as airlines, manufacturers, airports, and other entities boost investments to safeguard their digital assets and infrastructure from growing cyber threats.
Global aviation cyber security market is driven by the increasing frequency and sophistication of cyber-attacks targeting the aviation industry. As aircraft systems and airports become more connected digitally, the vulnerability to cyber threats is also increasing exponentially. This is prompting Additionally, growing digitization of operations, adoption of IoT, cloud computing, etc. is expanding the attack surface for hackers. The market growth can be restrained by the lack of skilled professionals in this niche domain as well as budget constraints faced by some smaller players. However, the development of next-generation technologies like Blockchain for enhancing aviation cyber security offers high growth opportunities for market participants.
This report provides in-depth analysis of the global aviation cyber security market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aviation cyber security market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Cisco Systems, IBM, Lockheed Martin, Northrop Grumman, Raytheon, BAE Systems, Unisys, Palo Alto Networks, Collins Aerospace, and Thales Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global aviation cyber security market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aviation cyber security market