Aviation Cyber Security market set to grow to reach $2,961m in 2018, says new report

Tuesday 2 October 2018, Amsterdam

Aviation cyber security solutions are software suites designed to defend aviation networks, computers, and databases from cyber-attacks and unauthorized access. As the burgeoning global aviation industry becomes more dependent on information technology (IT) solutions and digital technologies to meet the continuously rising consumer base and changes in consumer preferences, cyber security has become a serious and urgent concern. Cyber-attackers are becoming more sophisticated in the ways they attack aviation systems and companies in the aviation market are leaving no stone unturned to make their systems comprehensively secured to ensure smooth operations and high-quality services to their consumers.

The new study assesses that the global aviation cyber security market will reach $2,691m in 2018.

The 294 page report analyst commented "the growing incidences of cyber-attacks as well as the increasing complexity of these attacks are driving the demand for aviation cyber security. An increasing number of aviation companies are investing extensively in the enhancement of their IT infrastructure and this increase in the adoption of commercial aviation services will boost the growth of this market, especially in developing nations in Asia Pacific and South America. The demand for improved aviation cyber security solutions such as risk and compliance management, identity and access management, unified threat management, and vulnerability management for the aviation sector will push the growth of this market. On the other hand, the market is restrained by high cost of deployment of advanced aviation cyber security solutions which is deterring many small scale aviation service providers from adopting them."

Leading companies featured in the report who are developing aviation cyber security market include Airbus Group SE, Amadeus IT Holdings S.A., Boeing Company, CISCO Systems Inc., DXC Technology, Harris Corporation, Honeywell International Inc., Indra Sistemas SA, Intel Corporation, IBM Corporation