The Global Aerospace Cyber Security Market size is expected to reach $46.7 billion by 2030, rising at a market growth of 8.1% CAGR during the forecast period.
Like in other regions, the aerospace industry in Europe faces a growing threat landscape concerning cyberattacks. The imperative for strong cybersecurity protocols has intensified in tandem with the increasing interconnectivity and dependence of aviation systems on digital technologies. Consequently, the Europe region would acquire nearly 30% market share by 2030. European aviation authorities, such as the European Aviation Safety Agency (EASA), have been actively involved in developing and enforcing regulations related to cybersecurity in the aerospace sector. Thus, these aspects can fuel the demand in the segment.
Modern aircraft's growing integration of digital technologies, such as avionics systems, communication networks, and flight control systems, enhances operational efficiency and exposes the aerospace sector to cyber threats. In addition, the aerospace industry is witnessing a surge in cyber threats and attacks targeting military and commercial aviation systems. Hence, owing to these factors, there will be increased demand in the market. Additionally, utilizing strong encryption methods for data in transit and at rest is fundamental. This ensures that the intercepted data remains unreadable even if unauthorized access occurs without the appropriate decryption keys. Furthermore, in the aerospace sector, adherence to secure coding practices is critical for the development of software and systems. Therefore, owing to these factors, there will be enhanced demand.
However, Legacy systems often run on outdated software and hardware that may no longer receive regular updates and patches. Moreover, legacy systems might not support modern security protocols and encryption standards. Integrating newer security features may require significant modifications or upgrades to the existing infrastructure. Therefore, these aspects can hamper the demand in the upcoming years.
Like in other regions, the aerospace industry in Europe faces a growing threat landscape concerning cyberattacks. The imperative for strong cybersecurity protocols has intensified in tandem with the increasing interconnectivity and dependence of aviation systems on digital technologies. Consequently, the Europe region would acquire nearly 30% market share by 2030. European aviation authorities, such as the European Aviation Safety Agency (EASA), have been actively involved in developing and enforcing regulations related to cybersecurity in the aerospace sector. Thus, these aspects can fuel the demand in the segment.
Modern aircraft's growing integration of digital technologies, such as avionics systems, communication networks, and flight control systems, enhances operational efficiency and exposes the aerospace sector to cyber threats. In addition, the aerospace industry is witnessing a surge in cyber threats and attacks targeting military and commercial aviation systems. Hence, owing to these factors, there will be increased demand in the market. Additionally, utilizing strong encryption methods for data in transit and at rest is fundamental. This ensures that the intercepted data remains unreadable even if unauthorized access occurs without the appropriate decryption keys. Furthermore, in the aerospace sector, adherence to secure coding practices is critical for the development of software and systems. Therefore, owing to these factors, there will be enhanced demand.
However, Legacy systems often run on outdated software and hardware that may no longer receive regular updates and patches. Moreover, legacy systems might not support modern security protocols and encryption standards. Integrating newer security features may require significant modifications or upgrades to the existing infrastructure. Therefore, these aspects can hamper the demand in the upcoming years.
By Component Analysis
On the basis of component, the market is bifurcated into services and solutions. The solutions segment recorded a 40% revenue share in the market in 2022. The aerospace industry has rapidly adopted digital technologies, connectivity, and data-driven solutions to enhance efficiency, safety, and communication. This digitization has led to an increased surface area for potential cyber threats, driving the need for robust cybersecurity solutions. Hence, these factors can lead to increased growth in the segment.By Application Analysis
Based on application, the market is divided into aircraft, drones, and satellite. In 2022, the drones segment witnessed a 30% revenue share in the market. A growing number of drone technology worldwide leads to increased demand for cyber measures. In Spain, there are more than 1,500 development projects related to drone technology. Hence, these factors can assist in the expansion of the segment.
By Deployment Analysis
On the basis of deployment, the market is divided into on-premise and cloud. In 2022, the cloud segment witnessed a 40% revenue share in the market. Aerospace organizations deal with massive amounts of data, including sensitive design, manufacturing, and operations information. Cloud services offer scalable and efficient solutions for storing and processing this data, allowing aerospace companies to manage large datasets effectively. Thus, these factors can boost the growth of the segment.By Type Analysis
Based on type, the market is segmented into network security, wireless security, cloud security, and content security. In 2022, the wireless security segment garnered a 20% revenue share in the market. The aerospace industry has seen a surge in the adoption of connected technologies to enhance communication, navigation, and overall operational efficiency. This increased connectivity also raises the risk of cyber threats, making robust wireless security measures crucial. Therefore, owing to these factors, the segment will grow rapidly in the upcoming years.By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured a 40% revenue share in the market in 2022. Government agencies in the United States and Canada have actively promoted cybersecurity in critical infrastructure sectors, including aerospace. This involvement can drive investments and initiatives to enhance cybersecurity capabilities. Therefore, owing to these factors, the segment will grow rapidly in the coming years.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
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Aerospace Cyber Security Market by Component
Chapter 5. Global Aerospace Cyber Security Market by Application
Chapter 6. Global Aerospace Cyber Security Market by Deployment
Chapter 7. Global Aerospace Cyber Security Market by Type
Chapter 8. Global Aerospace Cyber Security Market by Region
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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