Global Aviation Cyber Security Market Witnesses High Growth Owing to Rising Digitalization & Increased Risk of Cybercrime
Global aviation cyber security market is estimated to be valued at USD 9.45 Bn in 2024, exhibiting a CAGR of 6.4% over the forecast period (2024-2031). The market is witnessing high growth owing to the rising digitalization of aviation operations and systems. Furthermore, dependence on IT systems and growing connectivity through internet has also increased the risk of cybercrimes targeting the aviation sector.
Market Dynamics:
The growth of the global aviation cyber security market is driven by the increasing risk of cybercrimes and rising digitalization of aviation operations. The growing digitization of systems and dependence on IT has amplified the vulnerabilities and potential damages of cyber-attacks. For instance, a successful cyber-attack could hamper flight operations, retrieve sensitive passenger data, or cause on-board systems failure. Furthermore, the increased connectivity of aircraft through onboard Wi-Fi and adoption of IoT devices has widened the attack surface for cybercriminals. Meanwhile, the implementation of technologies like cloud computing, big data, and artificial intelligence in aviation also presents new opportunities for hackers. To prevent financial losses and protect passengers, airlines and airports are compelled to adopt robust cyber security solutions.
Increased Connectivity and Integration of New Technologies is Driving the Demand for Aviation Cyber Security
With the aviation industry rapidly adopting new technologies like Internet of Things (IoT), cloud computing, and artificial intelligence, aircraft systems are becoming more connected and integrated. This increased connectivity and digitalization of aircraft fleets has introduced new cyber security risks and vulnerabilities. As traditional IT networks are converging with operational technology networks, there is a growing need to secure these systems from evolving cyber threats. Airlines and aircraft OEMs are recognizing cyber security as a critical aspect to ensure safety of aircraft and passenger data. This is a key driver fuelling investments in aviation cyber security solutions globally.
Complex Supply Chain Poses Challenges for Vendors
The aviation cyber security industry has a highly complex global supply chain with the involvement of multiple OEMs, subcontractors and vendors. Coordinating security practices and compliance across this complex multitier supply chain poses organizational and regulatory challenges. As threats evolve rapidly, it is difficult for all entities to keep pace and address emerging vulnerabilities in a synchronized manner. Differences in approaches, procedures and technological capabilities of varied players also complicate the collective security posture. These complexities of the supply chain act as a restraint on the effective implementation of cyber security programs.
Growing Demand for Continuous Monitoring and Managed Security Services
As aircraft systems and networks grow more complex with new technologies, it is becoming unfeasible for aviation organizations to manage security internally on an ongoing basis. There is rising demand among airlines and manufacturers for outsourced managed security services that offer 24/7 protection and monitoring of their aviation IT and OT infrastructure. Cloud-based managed detection and response (MDR) services are gaining traction as they provide scalable continuous monitoring capabilities. This presents new opportunities for cyber security firms offering customizable managed services tailored for aviation needs.
Increasing Procurement of Mission-Critical Systems Drives Solutions Integration
Major aviation programs involving the procurement of mission-critical systems like avionics, flight control, communication, and surveillance systems present new opportunities for cyber security solution providers. With critical systems becoming software-defined, there is a growing need to integrate tailored security controls right from the design phase of these programs. Vendors can explore partnerships with leading avionics OEMs for joint development and delivery of security-by-design systems. The replacement and modernization cycles of mission-critical aviation platforms offer sustained integration opportunities over the long term.
Link - https://www.coherentmarketinsights.com/market-insight/aviation-cyber-security-market-952
Key Developments:
In April 2024, Thales Group has announced plans to open a comprehensive avionics MRO facility in Gurgaon, India, by March 2025, aimed at supporting major Indian airlines such as Air India and IndiGo with their avionics maintenance and upgrades. In addition, Thales plans to more than double its engineering workforce over the next two years to address growing export demands in cybersecurity and aviation solutions.
In September 2023, At GSX 2023, Everbridge Inc launched Everbridge 360, an advanced critical event management and public warning platform that unifies risk intelligence, communication, collaboration, and coordination in a single interface. This solution speeds up critical communication, improves organizational performance by minimizing errors, and simplifies user onboarding for faster adoption—enhancing operational resilience with smooth app transitions and rapid response during critical events.
In December 2022, Motorola Types, Inc. acquired Rave Mobile Safety, a comprehensive provider of software services, integrating its cloud-native, adaptable platform that supports emergency management for state and local governments, businesses, and hospitals into its offerings.
Key Player:
Airbus, BAE Systems, Inc., F-Secure, General Dynamics Corporation, Harris Corporation, Palo Alto Networks, Inc., Thales, Rockwell Collins, Inc., and Raytheon Company
