Aviation cyber security market: Key market research findings
- Increase in DDoS attacks is the key driver for the market
- The airline management segment dominates the market
- Key vendors in the market are BAE Systems, Cisco Systems, IBM, Northrop Grumman, and Raytheon
Technavio’s market research analysts estimate the global aviation cyber security market to grow at a CAGR of over 9% between 2016 and 2020. The increase in the number of distributed denial of service (DDoS) attacks is the primary driver for the market. DDoS is a type of denial of service attack wherein a large number of infected machines are ordered to access a particular website, making it unstable and eventually causing it to crash. The increasing demand for cloud-based security solutions in the aviation sector and the upsurge in the number of air passengers are some of the factors that are expected to influence the growth of the market during the forecast period. At present, the Americas dominate the global aviation cyber security market by accounting for over 42% of the overall market share. Government initiatives to protect its air traffic control systems from cyber-based and other threats is expected to propel the market growth in this region by 2020.
The new market research report from Technavio presents a breakdown and analysis of the aviation cyber security segments by application.
“The latest trend in the global aviation cyber security market is the emergence of integrated security solutions. There is an increasing preference for integrated and converged security solutions as opting for various stand-alone security solutions could lead to integration issues. Such solutions also enable better support and functionality to the customers while maximizing the security and operational performance of airports,” Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
During 2015, the airline management segment dominated the market by holding over 44% of the market share. Better financial results, improved customer service, and enhanced operational efficiency provided by airline management systems are some of the factors stimulating its increased adoption in the aviation sector. For instance, Threat Intelligence Management Platform offered by BAE Systems help automate repeatable processes and support rapid real-time analysis by experienced human operators.
The key vendors in the global aviation cyber security market include BAE Systems, Cisco Systems, IBM, Northrop Grumman, and Raytheon. The global aviation cyber security market is characterized by the presence of only a few pure-play providers in the market. The market is in the early stages of maturation and is anticipated to reach the consolidation phase over the forecast period. Also, the market is very dynamic in nature as several global players are entering into partnerships with existing vendors to expand their market presence.
A more detailed analysis is available in the Technavio report, Global Aviation Cyber Security Systems Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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