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Aviation Cyber Security Market Outlook 2020 | Future Trends by Industry Size & Share, Insights, Growth Analysis, Industry Challenges, Forecasts to 2024

Aviation Cyber Security

Aviation Cyber Security Market” offers a detailed analysis of the competition and leading companies of the global Aviation Cyber Security market. Here, it concentrates on the recent developments, sales, market value, production, gross margin, and other important factors of the business of top players operating in the global market. Aviation Cyber Security Market is comprehensively prepared with the main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It sheds light on key production, revenue, and consumption trends so that players could improve their sales and growth in the Global Aviation Cyber Security Market.

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Market Overview:

  • The aviation cyber security market is expected to register a CAGR of around 11% during the forecast period of 2019-2024. The aviation sector has benefitting from the increasing level of connectivity and digitization across the vaue chain. The enabling technological advancements in the aviation sector are creating enormous opportunities to have better customer service, security, flight efficiency, operations and the passenger experience both on the ground and in the air.
  • – With the advancement of the technology and connectivity the market has become prone and vulnerable to cyber attacks of malicious malware activities targeting the aviation sector. For instance, in December 2017 major amount of sensitive security data was stolen at Perth Airport. The world’s biggest airline Cathay Pacific Airways Ltd. also suffered from data breach, with the hacker accessing personal information of more than 9.4 million customers.
  • – Detection and prevention are the most sought-after solution as these threats are becoming more stealth with every attack. Owing to such instances the corporates are trying to utilize services of domain experts thus, creating an opportunity for the market.
  • – A key driver for the market is the need for technological advancements in order to prevent the avaiation sector IT infrastructure and networks from cyber attacks. Further, as the aerospace sector moves toward the autonomy of spaceflight and is investing billions in developing aviation technologies, the need to protect the infrastructure becomes critical.

    Aviation Cyber Security Market Manufacturer Segment Analysis:

  • Honeywell International
  • Inc.
  • Cisco Systems
  • Inc.
  • Thales Group
  • The Raytheon Company
  • BAE Systems
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Collins Aerospace
  • Unisys Corporation
  • Palo Alto Networks
  • Inc.

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    Key Market Trends:

    Airport Management Holds a Significant Market Share being the Passengers Contact Point

    – With the number of air travel passengers increasing at a rapid rate year over year, airports continue to upgrade their infrastructure intelligence to improve passengers travel experience and support the growth. By enabling the exchange of real-time information on flights schedule, collaboration, and airport-wide process integration, airports significantly improve operational efficiencies, passenger services, and advanced security capabilities. These factors drive the adoption of It systems thus, impacting the market
    – According to SITA Air Transport IT Trends Insights Report, 2018, the airport and the airline have IT investment prioritized as cybersecurity, with 94% of studied airports planning to invest in the cybersecurity programs over the next three years.
    – There is an increase in demand for cyber security in aviation in Asia-Pacific region. According to Indian Government’s Vision 2040, India need s approximately 200 commercial flights airports and an estimated investment of USD 40 to USD 50 billion to handle at least 1.1 billion passengers. Also, the civil aviation authorities of the world are emphasing to enhance and ensure safety and security standards across fast-growing aviation ecosystem.

    North America Holds the Largest Market Share

    – According to the Cyber Security Breaches Survey 2018, in the United States, the state of California lost more than USD 214 million through cyber crime alone. Such cases creates a need for the cyber security in the country and impacts the demand.
    – In the United States, the transportation companies and air carriers especially aviation sector, in particular, are incorporating more advanced cybersecurity programs that align with the National Institute of Standards and Technology (NIST) standards.
    – The United States lays high emphasis on its aviation sector and invest mainly in research and development of advanced cybersecurity systems. For instance, 2019 President’s Budget includes USD 15 billion of budget authority meant for cybersecurity-related activities along with Airport and Airway Trust Fund having USD 32.4 million of 2019 budget.
    – In additon, the new budget spending for canadian infrastructure protection is marked at USD 144.9 million over five years including Canada’s critical cyber systems including sectors in the finance, telecommunications, energy and transport sectors.

    Reasons to Purchase this Report:

    • Current and future global Aviation Cyber Security market outlook in the developed and emerging markets.
    • Analyzing various perspectives of the market, with the help of Porter’s five forces analysis.
    • The segment that is expected to dominate the market.
    • The regions that are expected to witness the fastest growth during the forecast period.
    • Identify the latest developments and strategies employed by the major market players.

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    Detailed TOC of Aviation Cyber Security Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Threat of New Entrants
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Bargaining Power of Suppliers
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry
    4.3 Introduction to Market Drivers and Restraints
    4.4 Market Drivers
    4.4.1 Increasing Rate of Cyber-attacks in Aviation Sector
    4.4.2 Technological Advancements and IT Systems Required to Support Passenger Traffic
    4.5 Market Restraints
    4.5.1 Lack of Cyber Security Professionals
    4.6 Industry Value Chain Analysis

    5 TECHNOLOGY SNAPSHOT

    6 MARKET SEGMENTATION
    6.1 By Solution
    6.1.1 Threat Intelligence & Response
    6.1.2 Identity and Access Management
    6.1.3 Data Loss Prevention
    6.1.4 Security and Vulnerability Management
    6.1.5 Managed Security
    6.2 By Application
    6.2.1 Airline Management
    6.2.2 Air Cargo Management
    6.2.3 Airport Management
    6.2.4 AirTraffic Control Management
    6.3 Geography
    6.3.1 North America
    6.3.2 Europe
    6.3.3 Asia-Pacific
    6.3.4 Latin America
    6.3.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Honeywell International, Inc.
    7.1.2 Cisco Systems, Inc.
    7.1.3 Thales Group
    7.1.4 The Raytheon Company
    7.1.5 BAE Systems
    7.1.6 Lockheed Martin Corporation
    7.1.7 Northrop Grumman Corporation
    7.1.8 Collins Aerospace
    7.1.9 Unisys Corporation
    7.1.10 Palo Alto Networks, Inc.

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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