The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising cyber-attacks in the aircraft industry are expected to spur innovation in aviation and defence cyber security manufacturing, propelling the market during the forecast period.

The global aviation and defense cyber security market is expected to grow from $66.21 billion in 2022 to $75.53 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The aviation and defense cyber security market size is expected to grow to $119.66 billion in 2027 at a CAGR of 12.2%.

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Global Aviation And Defense Cyber Security Market Segments Include:

• By Component: Solution, Service
• By Deployment: On-Cloud, On-Premis
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global aviation and defense cyber security market in 2021.

Major Market Players in the aviation and defense cyber security market include International Business Machines Corporation (IBM), Honeywell International Inc., Cisco Systems Inc., Thales Group, SITA, The Raytheon Company, BAE Systems PLC, Lockheed Martin Corporation.

Product innovation has emerged as a key trend in the aviation and defence cyber security markets. To strengthen their market position, major companies in the aviation and defence cyber security markets are focusing on developing advanced products. For example, BAE Systems, a UK-based aerospace, defence, and security company, unveiled the Viper Memory Loader Verifier II (MLV II) in October 2022, an updated model of a cutting-edge maintenance tool that will reduce F-16 aircraft vulnerability to cyberattacks. This new product version’s cyber-hardened aircraft mission capabilities will have an open system architecture that reduces lifecycle costs. The Viper MLV II supports mission data file loads, flight and fault data downloading, and third-party application software in addition to the flight-critical capability of loading and verifying software onto the aircraft.

The Aviation and Defense Cyber Security Global Market Report 2023  provides a aviation and defense cyber security market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aviation and defense cyber security market forecast analyzes aviation and defense cyber security market size, aviation and defense cyber security market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Defense and aviation Cyber security refers to highly reliant and increasingly interconnected cybersecurity that includes the protection of digital data and information associated with networks, websites, services, computers, and portals that transport and enable security. Cyber security in aviation and defence is used to prevent or mitigate the effects of a cyberattack. To improve the safety and efficiency of air travel, aviation heavily relies on cyber-enabled technologies.

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