Aviation Cyber Security Market Headed for Growth and Global Expansion by 2025
The aviation industry plays a major role in the global economy GDP. In 2014, the aviation industry supports U.S. $2.7 trillion i.e. 3.5% of the global total GDP. The increasing cyber-attack become one of the major issues which directly affect the business. For instance, According to Reuters, in June 2015 a polish aircraft was grounded due to Distributed Denial of Service (DDoS) attack according to airline official. Similarly, according to central of internet security report, in the U.S 75 airports were impacted by advanced persistent threat attack in 2013. This increasing cyber attracts increased the importance of cyber security solutions in aviation system which become the major factor for the growth of the aviation cyber security market, globally.
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The cloud based deployment model holds the dominating position and is projected to retain its dominance over the forecast period. Due to cost effective as compare to on premise deployment raised the demand of cloud based cyber security solution. In addition, the increasing cyber-attacks and hacking have also fuels the demand of the cloud based deployment The increasing adoption of management solutions and outsource monitoring have provided the dominating position to the managed security. Moreover, the training service is expected to grow with the largest CAGR over the forecast period.The airline management application held the dominating position in 2016 and is projected to retain its dominance throughout the forecast period. Due to improvement in customer services, financial results and lift operational efficiency have provided the dominant position to airline management in aviation cyber security management market.
North America holds the largest market share in the global aviation cyber security market
On the basis of geography, the global aviation cyber security market is segmented into North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. North America accounts for largest market share in the global aviation cyber security market and is projected to retain its dominance throughout the forecast period. The U.S and Canada are some of the major countries that fuels the market of aviation cyber security in North America region. The increasing demand for technically advance cyber security solutions and dominance of digitalization have provided the dominating position to the North America region. In addition, owing to highly presence of IT companies in the U.S. have fuels the market in this region.
Key players in the Global Aviation Cyber Security Market
Some of the major players operating in the global aviation cyber security market are Rockwell Collins, Inc., Raytheon Company, Palo Alto Networks, Inc., Harris Corporation, General Electric Company, General Dynamics Corporation, Computer Sciences Corporation, BluVector Inc., BAE Systems, Inc., and Airbus Defence, and Space SA. The new product launch is one of the major strategy adopted by the market players for example: In June 2017, Rockwell Collins have officially announced that they have launched an ARINC PaxLink, a Passenger Service System for airlines.
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