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Aviation Cyber Security Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Aviation Cyber Security Market 2018
Aviation Cyber Security Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
The global aviation cyber security market has seen a remarkable growth over the past few years. It has been expected that the market will grow at a rapid
pace during the forecast period. Over the last couple of years, the aviation industry has undergone various advanced security system where, cyber security
is their main point of attraction. The airline services are increasing day by day, and are becoming more focused on implementing information technology
in their system. As a result, the aviation industry has given high chances of cyber-attacks. However, to control these types of attacks, aviation industry is
focusing more on cyber security solutions. The aviation industry is one of the largest of industries, which deals in high level and storage of confidential
data, which are majorly used by the airline companies, airports and air traffic management. As a result, the demand for aviation cyber security system to
avoid the leakage of stored data is very high. Moreover, the technological advancement in the aviation industry has also boosted the demand.
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Aviation Cyber Security Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Aviation Cyber
Security Market Research Report - Global Forecast 2023”
As per MRFR analysis, the aviation cyber security market is expected to witness remarkable growth during the forecast period as several companies are
opting for aviation cyber security into their systems. This market is expected to grow at ~ 7.5% the CAGR during the forecast period. This market is
majorly influenced by the growth factors such as increasing rate of cyber-attacks, technological advancements, and stringent government regulation.
Despite these factors, the high maintenance cost, lack of skilled labor, and absence of standard cyber security framework may hindering the market
growth majorly.
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Aviation Cyber Security Market 2018
Segmentation:
November, 2017:- Astronautics Corporation of America signed a contract with the U.S. Federal Aviation Administration (FAA), to continue its progress in
the Aircraft Systems Information Security/Protection (ASISP) program, on the development and validation of the methodologies for avionics cyber
security.
June, 2016:- It was reported that according to SITA, 91% of the global airlines have planned to invest extensively on cyber security programs, over the
next three years. This would aid the airlines in safeguarding their sensitive data and enhance the flight operational safety
MRFR has segmented the global aviation cyber security market into two segments that is by deployment and application. On the basis of deployment, the
market has been segmented into on-cloud and on-premise. However, the application segment has been divided as airline management, airport
management, air traffic management and air cargo management.
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Aviation Cyber Security Market 2018
Application & Major Players in this Research:
Aviation Cyber Security Market Prominent Players:
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.),
Thales Group (France).
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Aviation Cyber Security Market 2018
Aviation Cyber Security Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
North America leads in global aerospace expenditure and technological advancements, and thus generates a very high
demand for the aviation cyber security systems. Although, Canada makes some investments in the development of
such advanced systems, yet the market is primarily dependent on the US.
This is mainly attributable to the large focus of the country on the airline IT front. The sheer presence of IT
companies in the U.S. has fueled the market in this region. Moreover, the growth in the usage of in-flight Wi-Fi and
social media, have increased the demand for efficient cyber security solutions and services. Concurrently, the steep rise
in cybercrime activities in Latin American countries such as Mexico, Chile, Brazil, Panama, Argentina, Venezuela,
Peru, and Colombia resulted in compelling the governments of such countries pass legislations that drive the demand
of cyber security services and solutions, in the region.
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