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The aviation cyber security market size is estimated to grow by USD 38.08 billion at a CAGR (Compound Annual Growth Rate) of 9.4% between 2022 and 2027. The growth of the market depends on several factors, including the adoption of a hybrid model in the aviation industry, the increasing advancements in cyber attacks in the aviation industry, and the increasing efficiency of airlines.
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The adoption of hybrid model in the aviation industry is driving market growth. Traditionally, the deployment models for aerospace cyber security solutions that were provided by vendors were on-premises and cloud-based models. The on-premises deployment model required high investment by the organization, whereas the cloud-based deployment model was cost-effective for the organization. To overcome the issues with traditional deployment models, hybrid deployment models were introduced. Many industries, including small businesses, are adopting hybrid deployment models to ensure on-premises data protection without the need for a skilled worker, thus lowering their total cost of ownership. Hybrid solutions follow the pay-per-use model and are less expensive compared with traditional full-license security solutions.
In addition, hybrid solutions provide advantages such as ease of installation and upgradation. There is a growing demand for hybrid deployment models in different industries, which will encourage emerging vendors to provide hybrid cloud-based security solutions during the forecast period. Thus, such factors will spur the growth of the global aviation cybersecurity market during the forecast period.
The adoption of cloud-based services is one of the major market trends. Cloud-based technology generally stores and manages data on remote servers over the internet and gains access to it online. Deployment of Cloud-based technology has a high priority in the aviation industry. Aerospace security has recently relied more on cloud technology to store data about aircraft, crew, and passenger schedules that can be accessed in real-time by all relevant personnel.
Moreover, cloud computing enhances operational efficiency; the cloud software and hardware is modernized and updated to more secure, efficient systems. Cloud-based services are adopted for purposes such as authentication, video management systems, and storing biometric information. As banks and hospitals store large volumes of confidential data in the cloud, it is important to secure the data from unauthorized access. Hence, cloud-based services are being increasingly adopted for services and solutions. Therefore, the adoption of cloud-based services in security drives the growth of the global market during the forecast period.
The high cost of deployment of cyber security in aviation is challenging market growth. One of the major challenges for the global aviation cybersecurity market is the high deployment cost of cybersecurity solutions in the aviation industry. The total installation cost includes the cost of software licensing, system designing and customization, implementation, training, and maintenance for an individual organization. An organization must recruit IT staff for proper implementation of cyber security software in aviation, which incurs additional costs in installation and maintenance. In addition, existing employees must be trained in the functioning of cybersecurity solutions. The maintenance of on-premises solutions requires in-house IT administration staff to manage and control issues, which would result in high implementation costs.
Furthermore, an aviation solution contains additional hidden costs, such as costs involved in providing knowledge, experience, and skill development of the solution to understand its functionality. The high cost is a challenge for the organization to implement solutions, which is inhibiting the growth of the market. Thus, the high cost of deployment will impede the growth of the market during the forecast period.
The market share growth by the network security segment will be significant during the forecast period. Network security is any activity structured to protect the usability and integrity of the data and network. Maintaining safe, secure, and resilient operations is a high priority of the aviation industry. Network security plays a major role in safeguarding sensitive data from cyber-attacks and ensures that the network is usable and trustworthy. Network security encompasses all the necessary steps taken to safeguard the integrity of the computer network and the data within it. The aviation industry is an attractive target for cyber threat actors ranging from the value of data or money to causing disruptions and harm. The topmost priority of aviation is maintaining safe, secure, and resilient operations. Adopting Technology and digitalization brings many advantages, remote monitoring and maintenance of air crafts and others to aviation and, at the same time, is challenging in various aspects, such as managing cyber vulnerabilities in a complex environment.
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The network security segment showed a gradual increase in the market share of USD 20.63 billion in 2017 and continued to grow by 2021. As the aviation sector travels towards the autonomy of spaceflight and invests billions in developing aviation technologies, including aviation and cyber security, the need for technological advancements to prevent the aviation sector from cyber-attacks becomes critical. Network security plays a critical role in preventing cyber-attacks or unauthorized access in the aviation industry by using a combination of hardware and software tools. Hence, network security is crucial for safeguarding sensitive data in the cyber aviation security market. Therefore, such factors drive the growth of the network security segment in the market during the forecast period.
On-premises segment of aviation cyber security is considered highly secure as it is managed and maintained by enterprises in the end-user industry. Enterprises have complete control over their on-premises solutions because of monitored and restricted access, and it also allows them to customize the cyber solution according to their requirements. However, the market for on-premises security is expected to decline due to the growing adoption of cloud-based security. Also, for on-premises security, enterprises must buy software licenses and maintain IT staff to manage the solution, regularly upgrade the software, and install data-protection solutions. It also requires in-house hardware, which, in turn, requires high capital investment. This is expected to limit the growth of the on-premises solutions segment during the forecast period. However, with small-medium enterprises (SMEs) increasingly preferring cloud-based security, the market for the on-premises segment is expected to decline during the forecast period.
Rapidly changing business environments, such as enterprises looking for cost-effective, third-party cyber security solutions, are encouraging large enterprises and SMEs to shift toward cloud-based cyber security. This is because, in the on-premises model, apart from the deployment cost of the software, organizations must incur additional expenses to monitor, maintain, upgrade, and provide training to their employees. Thus, it will lead to a decline in the market for on-premises aviation cyber security during the forecast period. On-premises security products provide better security by hiding an organization's internal PCs from the outside world. The YoY growth rate of the market is expected to decline due to its decreased adoption by enterprises. The total cost of implementation of on-premises security is high, which prevents SMEs from implementing it. The emergence of other cost-effective cloud-based solutions will increase the market share of cloud-based solutions during the forecast period. However, the on-premises deployment of aviation cyber solutions requires governments to have a software license. It is relatively expensive compared with cloud-based solutions, as it requires in-house hardware and dedicated IT teams. Therefore, all such factors will lead to a decline in the growth of the on-premises segmentation in the market.
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APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is the largest geographical segment of the market and will continue to remain the largest segment during the forecast period. The market in North America is expected to grow steadily during the forecast period. The key market in North America is the US. A few important factors contributing to the market growth in North America are the increased adoption of aviation cyber solutions, the shift of conventional IT services to internet-based IT systems, the growth of end-user industries, increased government initiatives for the implementation of aviation solutions, and the growing number of IT companies and IT startups.
Although the saturating economic condition of the US is expected to hamper the market growth during the forecast period, The rising startup culture in North America, especially in the US, is also expected to fuel the number of end-users and, consequently, the demand for aviation solutions. The aerospace industry in North America is highly competitive, with regional aircraft OEMs, such as Boeing, Embraer, and Bombardier, competing with European and Asian companies to increase their global market shares. The increasing air traffic in North America, especially in the US, drives the demand in the region. The increasing number of cyber threats for defense organizations also drives the demand for solutions in the region.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Airbus SE - The company offers Airbus cyber security which protects the government, defense, critical infrastructure, and enterprise from increasingly complex cyber threats.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The Aviation Cyber Security Market witnesses exponential growth, especially in the Asia-Pacific region, spurred by rising concerns over cyber threats to critical IT infrastructure in the aerospace sector. Initiatives like the Indian Government's Vision 2040 emphasize the importance of safeguarding Passengers Contact Point systems and complying with civil aviation authorities' regulations. Reports such as the SITA Air Transport IT Trends Insights Report provide valuable insights into market trends, influencing stakeholders' decisions. The global aerospace cyber security market projects a promising CAGR, supported by robust research methodologies and thorough analysis of industry descriptions, product catalogs, and annual reports. Key players like DXC Technology, Eurocontrol, Lockheed Martin, Northrop Grumman, and The Aerospace Corporation secure lucrative contracts, driving market expansion and enhancing aviation cyber defense capabilities.
The market growth analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.4% |
Market growth 2023-2027 |
USD 38.08 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.1 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 34% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airbus SE, Astronautics Corporation of America, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Cisco Systems Inc., Fortinet Inc., General Dynamics Corp., General Electric Co., Honeywell International Inc., International Business Machines Corp., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Palo Alto Networks Inc., Raytheon Technologies Corp., SITA, Thales Group, and Unisys Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
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