The Europe Aerospace Cyber Security Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Aerospace Cyber Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,923.4 Million by 2030. The UK market is exhibiting a CAGR of 6.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.8% during (2023 - 2030).
The application of cybersecurity in the aerospace industry is multifaceted, covering various domains to create a comprehensive defense against cyber threats. One of the primary areas of focus is aircraft systems, where avionics and on-board computers play a critical role. Cybersecurity measures are implemented to safeguard these systems from unauthorized access, manipulation, or interference, ensuring the integrity and functionality of critical flight components.
In addition, satellite communication networks, another crucial aspect of the aerospace ecosystem, are vulnerable to cyber threats that could compromise data transmission, disrupt communications, or even result in the loss of satellite control. Aerospace cybersecurity solutions are designed to protect these networks, employing encryption, intrusion detection systems, and secure communication protocols.
As per the International Trade Administration, for 2021, the French civil aerospace industry recorded a modest gain in revenue, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. This represents an improvement over the previous year, 2020. The aerospace and defense industry is responsible for around 68% of its total consolidated turnover, while the civil sector accounts for 69% of its income. A 68% rise in orders was seen in 2021 compared to 2020. Therefore, the growing aerospace sector in Europe is expected to boost the demand in the coming years.
Based on Component, the market is segmented into Services and Solutions. Based on Application, the market is segmented into Aircraft, Drones and Satellite. Based on Deployment, the market is segmented into On-Premise and Cloud. Based on Type, the market is segmented into Network Security, Content Security, Wireless Security, and Cloud Security. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Aerospace Cyber Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,923.4 Million by 2030. The UK market is exhibiting a CAGR of 6.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.8% during (2023 - 2030).
The application of cybersecurity in the aerospace industry is multifaceted, covering various domains to create a comprehensive defense against cyber threats. One of the primary areas of focus is aircraft systems, where avionics and on-board computers play a critical role. Cybersecurity measures are implemented to safeguard these systems from unauthorized access, manipulation, or interference, ensuring the integrity and functionality of critical flight components.
In addition, satellite communication networks, another crucial aspect of the aerospace ecosystem, are vulnerable to cyber threats that could compromise data transmission, disrupt communications, or even result in the loss of satellite control. Aerospace cybersecurity solutions are designed to protect these networks, employing encryption, intrusion detection systems, and secure communication protocols.
As per the International Trade Administration, for 2021, the French civil aerospace industry recorded a modest gain in revenue, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. This represents an improvement over the previous year, 2020. The aerospace and defense industry is responsible for around 68% of its total consolidated turnover, while the civil sector accounts for 69% of its income. A 68% rise in orders was seen in 2021 compared to 2020. Therefore, the growing aerospace sector in Europe is expected to boost the demand in the coming years.
Based on Component, the market is segmented into Services and Solutions. Based on Application, the market is segmented into Aircraft, Drones and Satellite. Based on Deployment, the market is segmented into On-Premise and Cloud. Based on Type, the market is segmented into Network Security, Content Security, Wireless Security, and Cloud Security. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Honeywell International, Inc.
- Lockheed Martin Corporation
- Astronautics Corporation of America
- Thales Group S.A.
- BAE Systems PLC
- Airbus SE
- Northrop Grumman Corporation
- The Aerospace Corporation
- Cisco Systems Inc.
Market Report Segmentation
By Component- Services
- Solutions
- Aircraft
- Drones
- Satellite
- On-Premise
- Cloud
- Network Security
- Content Security
- Wireless Security
- Cloud Security
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Aerospace Cyber Security Market by Component
Chapter 5. Europe Aerospace Cyber Security Market by Application
Chapter 6. Europe Aerospace Cyber Security Market by Deployment
Chapter 7. Europe Aerospace Cyber Security Market by Type
Chapter 8. Europe Aerospace Cyber Security Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Honeywell International, Inc.
- Lockheed Martin Corporation
- Astronautics Corporation of America
- Thales Group S.A.
- BAE Systems PLC
- Airbus SE
- Northrop Grumman Corporation
- The Aerospace Corporation
- Cisco Systems Inc.
Methodology
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