“Aviation Cyber Security market to total USD 5.87 billion in 2030”, says new Visiongain report

04 February 2020
Aviation

Visiongain has published a new Aviation report entitled, Aviation Cyber Security Market Forecast 2020-2030.

The Aviation Cyber Security market is estimated to witness a Compound Annual Growth Rate of 6.9 per cent from 2020 to 2030.

Several factors are having a profound, driving effect on the industry, particularly the integration of emerging technologies to improve flight operations and the high threat posed by foreign hackers, terrorist organisations, and organised criminals.

Visiongain anticipates that global investment and consolidation will be moderate and stable over the next decade. The market’s good health is due to the factors listed above, as well as the presence of many established companies.

The leading players currently supplying cybersecurity solutions to the aviation industry include Airbus SE, Amadeus IT Holding SA, Boeing Company, CISCO Systems, DXC Technology, Honeywell International, IBM Corporation, Indra Sistemas SA, Intel Corporation, and L3Harris Technologies.

The senior Aviation Analyst said: "The Global Aviation Cyber Security market is expected to generate sales of three-billion-dollars in 2020.

"Generally speaking, the term ‘aviation cybersecurity’ can be defined as all products, solutions, and policies that are designed protect the assets – both physical and non-physical – of a flight organisation from unauthorised online access.

"Cybersecurity services should aim to guard critical infrastructure, flying apparatus, and other air traffic equipment against malicious attacks which have the potential to harm or disrupt the safety and efficiency of aviation activities.

"Visiongain forecasts that over the next decade, the Aviation Cyber Security market will experience a rise in expenditure. This will be due to the adaptation of developing technologies to improve flight operations and customer management; an ever-changing field of cyberattacks from an array of state-sponsored criminals and hacktivists; the soaring growth in air transport, chiefly in emerging economies; and stringent directives aimed at improving and harmonising cybersecurity in the aviation sector.

"Having said this, there are one or two threats to the future success of the Aviation Cyber Security industry. The most challenging issues surround financial constraints, qualified personnel, and the expansion of network access points.

"In conclusion, by 2030, the Aviation Cyber Security market will have surpassed the five billion-dollar mark, achieving a total sales figure of USD 5.87 billion."

Note for Editors
If you are interested in a more detailed overview of this report, please send an email to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Aviation Test Equipment Market Report 2021-2031

The foundation for effective ground and flight testing in the aviation industry is the development of safe and reliable measurement technology. Over the forecast period, this is expected to fuel the global aviation test equipment market.

01 April 2021

Read

Visiongain Publishes Radar System Market Report to 2031

The increasing application of radar systems in wake of emerging demand for unmanned vehicles, and growing demand of radar systems for homeland security purpose is expected to drive the growth of the radar systems market over the forecast years.

24 March 2021

Read

Visiongain Publishes Small Drones Market Report to 2031

The civil & commercial application drones are projected to grow in high demand over the forecast timeframe. This growth in demand can be credited to the rising adoption of small drones for several civil & commercial applications, for instance, remote sensing, mapping monitoring, and surveying.

24 March 2021

Read

Visiongain Publishes Satellite Communication (SATCOM) Equipment Market Report to 2031

The growing demand for uninterrupted communication in several businesses, along with the growing number of connected and autonomous vehicles have resulted in raising the focus of satellite manufacturing companies and associated firms active in the industry.

24 March 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever