What is the current Aviation Cyber Security Market size?

The Aviation Cyber Security Market is projected to register a CAGR of 11% during the forecast period (2024-2029) Read More

Who are the key players in Aviation Cyber Security Market?

Cisco Sytems Inc., Thales Group, The Raytheon Company, Lockheed Martin Corporation and Collins Aerospace are the major companies operating in the Aviation Cyber Security Market. Read More

Which is the fastest growing region in Aviation Cyber Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aviation Cyber Security Market?

In 2024, the North America accounts for the largest market share in Aviation Cyber Security Market. Read More

What years does this Aviation Cyber Security Market cover?

The report covers the Aviation Cyber Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aviation Cyber Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aviation Cyber Security Market Trends

Statistics for the 2023 & 2024 Aviation Cyber Security market trends, created by Mordor Intelligence™ Industry Reports. Aviation Cyber Security trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Aviation Cyber Security Industry

This section covers the major market trends shaping the Aviation Cyber Security Market according to our research experts:

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 to support the growth. By enabling the exchange of real-time information on the flight schedule, collaboration, and airport-wide process integration, airports significantly improve operational efficiencies, passenger services, and advanced security capabilities. These factors drive the adoption of these 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 the Asia-Pacific region. According to the Indian Government's Vision 2040, India needs approximately 200 commercial flight 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 emphasizing the enhancement and ensuring of safety and security standards, across the fast-growing aviation ecosystem.

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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 cybercrime, alone. Such cases created a need for cyber security in the country and impacted the demand.
In the United States, the transportation companies and air carriers, especially the aviation sector, are incorporating more advanced cyber security programs that align with the National Institute of Standards and Technology (NIST) standards.
The United States lays high emphasis on its aviation sector and invests mainly in the R&D of advanced cybersecurity systems. For instance, 2019 President’s Budget includes USD 15 billion of budget authority meant for cyber security-related activities, along with Airport and Airway Trust Fund having USD 32.4 million of 2019 budget.
In addition, 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.