Aerospace Cybersecurity Market Size 2020

This study intends to unfurl the multiple facets of global aerospace cybersecurity market. The insights offered in the report aid in market growth examination during the forecast period.

In the modern digital age, many new innovations are unlocking new avenues of improvement and boosting efficiency. As communication and data transfer becomes more instrumental in carrying out modern business processes, the risk of cyber-attacks also goes up proportionately. The aviation industry stakeholders across the globe are taking cognizance of this critical issue by adopting robust IT and cybersecurity solutions. Upsurging cybercrimes, increasing complexity and severity of attacks, and growing use of the cloud are coercing the aviation industry to deploy aerospace cybersecurity systems. These efforts are gaining traction amidst the increasing push to automate several air travel processes. Many governing bodies are also passing regulations to tackle the increasing cyberattack risks. These prerequisites are leading the global aerospace cybersecurity market to sound maturity. 

 

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Increasing Deployment of Cutting-edge Aviation Solutions to Necessitate Robust Cybersecurity System Adoption 

 

The leading factor in driving the profound growth of the global aerospace cybersecurity market is the increasing number of airports across the globe. Moreover, many existing airports are undergoing notable infrastructure changes to adopt the latest information technology innovations. In the modern era, cybersecurity has become a critical aspect of integrating automation across the airport and fleet management processes. Many organisations are taking cognizance of the importance of securing their real-time information exchange regarding flight schedules and coordination. The latest aerospace cybersecurity solutions are being deployed to mitigate cyberattacks and their associated adverse impact on the functionality of the airport, passenger security, and financial integrity. 
 

Presence of Stringent Government Regulations to Sustain Positive Growth Curve 

 

As the risk of cyberattacks continues to grow, many governments and aerospace and cybersecurity bodies have come into action. They are forwarding several cyber regulations with more stringent compliance norms and guidelines. These regulations are particularly emphasizing the overall significance and urgency to safeguard critical infrastructural systems and data from risks. Along with fending off cyberattacks and breaches, organisations are motivated to establish dedicated internal cybersecurity bodies and strategies. Many economies and regions are collaborating to set up aviation cyber safety regulations to enable collaboration, comprehensive action, and risk management. Such developments are forecasted to create robust business opportunities for the global aerospace cybersecurity market.  
 

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Increasing Air Traffic and Collaboration to Cement North America as Leading Regional Aerospace Cybersecurity Market 

 

High air traffic and greater adoption of the latest technologies are aiding the expansion of the aerospace cybersecurity market in North America. Leading regional economies such as the USA are filled with major industry participants. Moreover, growing research and development efforts, increasing collaboration and a favourable regulatory structure are establishing the region as the leading regional market. Meanwhile, several Latin American countries including Brazil, Mexico, Argentina, Chile, Peru, Colombia, Panama and Venezuela are also gearing up to tackle the growing aerospace cybersecurity incidents.  

 

Major Market Players 

 

BAE Systems, Inc., Lockheed Martin Corporation, Thales Group, Honeywell International, Inc., Airbus SE, F-Secure Corporation, General Electric Company, Harris Corporation, Cisco Systems, Inc., General Dynamics Corporation, Raytheon Company, Computer Sciences Corporation, Palo Alto Networks Inc., Rockwell Collins, Inc., Northrop Grumman Corporation, Collins Aerospace, Unisys Corporation, and BluVector Inc. are some of the leading players in the global aerospace cybersecurity market.  

 

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