Market Size of Aviation Cyber Security Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aviation Cyber Security Market Analysis
The aviation cyber security market is expected to register a CAGR of around 11%, during the forecast period, 2021-2026. The aviation sector has been benefitting from the increasing level of connectivity and digitization, across the value chain. The enabling technological advancements in the aviation sector are creating enormous opportunities to have better customer service, security, flight efficiency, operations, and passenger experience, both on the ground and in the air.
- With the advancement of technology and connectivity, the market has become prone and vulnerable to cyber attacks of malicious malware activities targeting the aviation sector. For instance, in December 2017, a major amount of sensitive security data was stolen at Perth Airport. The world's biggest airline, Cathay Pacific Airways Ltd., also suffered from a data breach, with the hacker accessing personal information of more than 9.4 million customers.
- Detection and prevention are the most sought-after solutions, as these threats are becoming more stealth with every attack. Owing to such instances, the corporates are trying to utilize the services of domain experts, thus, creating an opportunity for the market.
- A key driver for the market studied is the need for technological advancements to prevent the aviation sector, IT infrastructure, and networks from cyber attacks. Furthermore, as the aerospace sector moves toward the autonomy of spaceflight and is investing billions in developing aviation technologies, the need to protect the infrastructure becomes critical.
