Aviation Cyber Security Market Outlook
The Aviation Cyber Security Market was assessed at USD 62.2 Billion in 2022. It is anticipated to expand from USD 68.01 Billion in 2023 to USD 138.93 Billion by 2032, demonstrating a Compound Annual Growth Rate (CAGR) of 9.34% during the forecast period (2023 - 2032).
The global aviation cyber security sector has experienced significant growth in recent years and is expected to continue expanding rapidly in the forecast period. With the aviation industry increasingly relying on advanced security systems, cyber security has become a focal point. As airlines continue to enhance their services and integrate information technology into their systems, the risk of cyber-attacks has escalated. To mitigate these threats, the aviation industry is placing greater emphasis on cyber security solutions.
Market Research Analysis
The global aviation cyber security market has been analyzed based on deployment, application, and region. Deployment options include on-cloud and on-premises solutions. Cloud-based deployment leads the market and is projected to maintain its dominance due to its cost-effectiveness and increased demand resulting from rising cyber-attacks and hacking incidents.
In terms of application, the market is segmented into airline management, airport management, air traffic management, and air cargo management. Airline management holds the largest market share, driven by the adoption of solutions that enhance financial performance, customer service, and operational efficiency.
Scope of the Report
This study offers an overview of the global aviation cyber security market, tracking two market segments across five geographic regions. Key players are analyzed, providing a five-year annual trend analysis highlighting market size and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The report also forecasts market opportunities for the next five years in each region, segmenting the global aviation cyber security market by deployment, application, and region.
Key Players
Major players in the global aviation cyber security market include BAE Systems (U.K.), Cisco Systems, Inc. (U.S.), IBM (U.S.), Northrop Grumman (U.S.), Raytheon (U.S.), DXC Technology (U.S.), Airbus (France), Boeing (U.S.), Booz Allen Hamilton (U.S.), and Thales Group (France).
About Market Research Future (MRFR)
Market Research Future (MRFR) is a global market research company committed to providing comprehensive and accurate analyses of diverse markets and consumers worldwide. MRFR aims to deliver high-quality research to clients, enabling them to make informed decisions. Their market research covers products, services, technologies, applications, end-users, and market players at global, regional, and country levels.
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