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The Global Aviation Cyber Security  Market, By Deployment Type (Cloud/Hosted, On-premise), By Security Type (Endpoint Security, Network Security, Application Security, Cloud Security, Wireless Security, Others), By Solution (Antivirus and Anti-Malware, Firewall, Data Loss Prevention, Security Information and Event Management (SIEM), Intrusion Detection Systems/Intrusion Prevention System, Identity and Access Management (IAM), Governance, Risk and Compliance (GRC), Distributed Denial of Service (DDoS) and Others), By Service (Managed Services and Professional Services) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Global Forecast to 2027, is expected to be valued at US$ 6,810.3 million by 2027, exhibiting a CAGR of 7.1% during the forecast period (2021-2027), as highlighted in a report published by Coherent Market Insights.

Overview

The increasing number of cyber-attacks is one of the major issues which directly affects the business in aviation industry. For instance, according to Reuters, in June 2015, a polish aircraft was grounded due to Distributed Denial of Service (DDoS) attack according to airline official. These cyber-attacks have led to high demand for cyber security solutions in aviation system which is one of the major factors for growth of the aviation cyber security market, globally.

The global aviation cyber security market is estimated to account for US$ 6,810.3 Mn by the end of 2027

Market Driver

Increasing number of cyber-attacks in the aviation industry drive growth of the global Aviation Cyber Security market during the forecast period

The aviation industry is one of the major sectors that deals with data storage and high level of confidential data that are mainly used by air traffic management, airports, and airline companies. The aviation industry faces increasing vulnerability to cyber-attacks due to the presence of technologies such as Wi-Fi through which cyber attackers can access the data easily.

The aviation industry is significantly dependent on computers for its ground and flight operations. The security of these airline systems directly impacts the operational safety and efficiency of the airlines and indirectly impacts the financial health of airline companies. For instance, According to Coherent Market Insights analysis, damage due to cyber crime attack may cost up to US$ 6 trillion annually by 2021 to all the industry verticals. 

The number of cyber attacks is increasing leading companies’ to lose their consumer, reputation, and market share. These attacks are becoming more severe day by day. These threats making aviation companies to invest in aviation cyber security software.

For instance, according to Coherent Market Insights’ analysis, in December 2017, a major volume of sensitive data was lost at Pert Airport, Australia. Cathay Pacific Airways Ltd. also suffered from a data breach, with the hacker accessing personal information of more than 9.4 million customers. After this incident, Cathay Pacific Airways Ltd., shares dropped down to the lowest in almost two years, shaving US$ 201 million off its market value and it also effected the company’s reputation. Such incidents led to significant adoption of aviation cyber security solutions, globally.

Therefore, these incidents are driving the growth of global aviation cyber security market in the forecast period, as aviation companies are more focusing on preventing cyber security attack in the first place.

Market Opportunity

Positive outlook towards enhancing aviation cyber security awareness and training programs

Human error is a common contributor to cyber security incidents. Therefore, providing security awareness training to enterprises to combat the growing cyber security threats is expected to create a positive impact on the global aviation cyber security market growth. Cyber attacks are increasing due to unintended personnel activities such as human errors and hacking activities by unauthorized users. To minimize cyber threats related to human errors and hackers, aviation companies need to target the factors that are related to cyber security risks and are required to be updated about cyber security solutions.

Market Restraint

Lack of global standards & regulations

The aviation industry is complex in terms of standards and regulations that are imposed by governing authorities of countries, globally. Aviation companies are finding it difficult to comply with different sets of rules and standards in the aviation sector of different regions.

For instance, in May 2019, a joint regulation by European Aviation Safety Agency (EASA) and the US FAA was introduced for aviation industries. According to this law, from 2019 onwards, this certificate can only be given to aircraft that comply with the recently updated DO-326 and ED-202.12. A certificate of airworthiness (CofA) is issued for an aircraft by the national aviation authority in the state in which the aircraft is registered. DO-326 and ED-202.12 regulations focus on detailed and comprehensive approach to the management of cyber security risk. However, these rules are only applicable to Europe and the U.S. Countries set different rules and regulations according to their specific needs, which increases complexity in the aviation industry.    

Market Trends

Adoption of advanced cyber security in connected aircraft

The advent of connected aircraft has increased susceptibility of these aircraft to cyber attacks. To prevent cyber threats, solution providers are focused on offering advanced cyber security solutions to aviation companies. In order to protect IT infrastructure and systems from cyber attacks, airline operators are implementing advanced cyber security solutions that will help them in protecting critical infrastructure and reducing probability of cyber threats which can lead to huge financial loss in aviation industry. Therefore there is increase in demand for effective cyber security solution such as vulnerability management, identity and access management, risk and compliance management and unified threat management in the aviation industry. This factor is expected to boost the growth of aviation cyber security market. Key players in the market are introducing new solutions to prevent cyber attacks on connected aircraft. For instance, in July 2017, Argus Cyber Security Ltd., Israel-based cyber security providing company, introduced Argus fleet protection, which is capable of live monitoring of connected flight. This software is also capable of Aviation Security Incident and Event Management (SIEM). This system also enables commercial airlines to detect cyber attacks and deep investigation into various cyber threat scenarios for rapid incident mitigation.

Competitive Section

Key players operating in the global Aviation Cyber Security  market are Airbus SE, BAE Systems, Inc., F-Secure Corporation, General Dynamics Corporation, Harris Corporation, Palo Alto Networks, Inc., Raytheon Company,  General Electric Company,  Computer Sciences Corporation, BluVector Inc., Thales Group and Rockwell Collins, Inc.

Segmentation

Market Taxonomy:

  1. By Deployment Type
  • Cloud/Hosted
  • On-premise
  1. By Security Type
  • Endpoint Security
  • Network Security
  • Application Security
  • Cloud Security
  • Wireless Security
  • Others
  1. By Solution
  • Antivirus and Anti-Malware
  • Firewall, Data Loss Prevention
  • Security Information and Event Management (SIEM)
  • Intrusion Detection Systems/Intrusion Prevention System
  • Identity and Access Management (IAM)
  • Governance, Risk and Compliance (GRC)
  • Distributed Denial of Service (DDoS)
  • Others
  1. By Service
  • Managed Services
  • Professional Services
  1. By Region
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa
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