“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 Remote Air Traffic Control Towers Market Report 2020-2030

It is the air traffic/airport remote controlling that seems to be the main direction in the air traffic controlling sector, which determines the interests of the sector and carries promising innovative possibilities.

11 June 2020

Read

Visiongain publishes Servo Drive and Motion Controller in Aerospace and Defence Market Report 2020-2030

With the change in time electronic motor controllers have become quite a demand among the industry players. As a motor powered by a servo controller can stop at a precisely defined position, when the command signals are given.

10 June 2020

Read

Visiongain publishes Intelligent Automation in Aerospace & Defence Market Report 2020-2030

In the next decade, the Intelligent Automation in Aerospace & Defence market will register strong growth. Visiongain forecasts that between 2020 to 2030, the aerospace and defence industry will change drastically owing to the introduction of new technologies coupled with artificial intelligence and machine learning.

28 May 2020

Read

Visiongain publishes Aerospace Used Serviceable Material Market Report 2020-2030

Development in the global Used Serviceable Material (USM) industry will hamper development in the industry for aircraft aftermarket parts as demand for aftermarket parts will be significantly reduced due to the availability of USM components.

26 May 2020

Read

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