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.
Perennial Rise in Cybercrime Instances, and Successful Cyber-attacks Create Strong Tailwinds for Aerospace Cybersecurity Market
With aviation industry’s growing reliance on IT, the threat of malicious cyber-attacks also rises high. Alarming growth in the rate of cybercrime instances, the consistently soaring severity of attacks, proliferating expansion of cloud, and exploding use of social media collectively drive demand for effective proactive and reactive cybersecurity solutions for aerospace industry. The industry’s accelerating journey to autonomy of air travel, and hefty investments in cutting-edge aviation tech developments further elevate the scope of growth for aerospace cybersecurity market. Although the shortcomings like delayed authorization, and lack of adequately skilled workforce remain the longstanding challenges facing market, the industry is gradually overcoming the same to demonstrate a notable outlook in future.
Growth of Aerospace Cybersecurity Market Expedites as Industry Realizes the Indispensable Role of Security in Multi-level Airport Process
With the world witnessing an increasing number of airports prioritizing infrastructural upgrades to deliver improved passenger experience, the aerospace cybersecurity market continues to pick pace year over year. Cybersecurity plays a crucial role when it comes to expanding employment of automation across the entire airport process. Organizations are rapidly realizing the importance of security as they share real-time information regarding flight schedules and coordination. Given the massive financial implications of disrupted service post successful cyber-attacks, it become imperative to ensure protected systems, and infrastructure. With a growing number of aerospace industry participants showcasing desire to investigate the potential security loopholes and address the associated vulnerabilities, demand will be on an uptrend.
Rising Inclination Toward Meeting Regulatory Compliance Serves a Vital Role in Shaping Aerospace Cybersecurity Market
The strengthening cyber regulation will soon be supplemented by the additional compliance requisites by the end of 2025. The role of International Civil Aviation Organization (ICAO) remains instrumental as it majorly emphasizes the overall significance and urgency to protect the critical infrastructural data and systems in civil aviation. The entity eyes protection against cyber threats, which subsequently necessitates implementation of the Cybersecurity Strategy of ICAO. The European Union Aviation Safety Agency (EASA), on the other hand, has also brought to the table a new aviation cyber safety regulation in 2022. Moreover, a joint regulation (exclusively for the US, and Europe) that was announced in 2019, by the US FAA, and EASA maintains focus on keeping a comprehensive approach toward cyber security risk management. Such substantial developments in the aerospace security regulation will hold a significant influence on how the aerospace cybersecurity market will shape up in future. As an increasing number of aviation organizations strive to operate in compliance with the national cybersecurity standards, the aerospace cybersecurity market will be buoyant.
Demand for Identity and Access Management (IAM) Solutions Observes a Rise in Aerospace Cybersecurity Market
Based on the aerospace cybersecurity solution, demand for identity and access management (IAM) has remained on an upswing on the back of its key offering, i.e., authorized system or network access. There has been an increasing adoption of IAM systems across the various industry verticals as organizations seek a reliable solution to capture, record, and manage the user identity to deny or allow the permission to access. The one identity per person principle of IAM serves to secure a key position for IAM in every aviation company’s cybersecurity strategy. While paperless biometrics garner traction across airports, it has become a chosen technology for identity recognition and management. Facial recognition systems especially witness greater popularity, research says. The other key segments that also contribute toward the progress of aerospace cybersecurity market besides IAM, include security information and event management, data loss prevention, firewall, anti-malware, intrusion detection or prevention systems, risk and compliance, governance, and distributed denial of service.
In terms of type, the network security segment continues to witness notable demand. While on-premises deployment remains preferred, demand for on-cloud deployment has been on the rise over the recent past. On the other hand, application-wise analysis of the market uncovers key segments of the aerospace cybersecurity market, i.e., airport management, airline management, air cargo management, and air traffic management. Among these, the airport management segment currently surges ahead, followed by airline management.
North America Secures Top Rank in Global Aerospace Cybersecurity Market
Advent of aviation security solutions will account for the dominant positioning of North America in global aerospace cybersecurity market. As the US houses some of the globally leading aerospace security companies, North America’s primacy will most likely prevail throughout the period of projection. The region will represent a lion’s share in the overall market revenue and the preliminary research attributes the same to the rising collaboration, and M&A activity that adds value to the region’s lead in global market space. On the other side, governments of certain Latin American countries are more likely to generate significant demand for aerospace cybersecurity solutions and services as they tend to be the most prominent victims when it comes to the cybercrime activity. Mexico, Brazil, Colombia, Argentina, Chile, Venezuela, Peru, and Panama are expected to come to the fore in terms of aerospace cybersecurity implementation.
Competition Landscape Analysis – Global Aerospace Cybersecurity Market
Some of the industry leaders that steer the competitive landscape of global aerospace cybersecurity market include Thales Group, BAE Systems, Inc., Airbus SE, Honeywell International, Inc., General Electric Company, F-Secure Corporation, Cisco Systems, Inc., Harris Corporation, Raytheon Company, General Dynamics Corporation, Palo Alto Networks Inc., Computer Sciences Corporation, BluVector Inc., and Rockwell Collins, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Collins Aerospace, Unisys Corporation, and BluVector Inc. New launches are likely to trend the competition space of aerospace cybersecurity market in near term.
Recent Notable Developments
The Global Aerospace Cybersecurity Market is Segmented Accordingly:
Key Elements Included In The Study: Global Aerospace Cybersecurity Market
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