Upgrading Defenses: The Evolving Landscape of Aerospace Cyber Security (Lates Information)
Aerospace cyber security encompasses a collection of methodologies, technologies, and strategies employed to safeguard the digital infrastructure, networks, and data within the aerospace sector against potential cyber threats and attacks. In recent years, the aviation industry, much like other sectors, has undergone significant digitization. The development of modern aviation systems incorporates various technological advancements such as augmented reality, 3D printing, machine learning, cloud technology, and notably, the Internet of Things (IoT).
As aircraft and aviation systems embrace increased digitalization and connectivity, the security and integrity of data face heightened vulnerabilities. A system that is computer-controlled could potentially be susceptible to hacking. The more connections a system has, the more exposed it becomes to potential threats. While the interconnectedness of aviation systems allows for the integration of innovative technologies, it simultaneously creates an environment where unauthorized access becomes a concern.
Increase in cyber threats, rise in digitization and connectivity, and integration of advanced technologies in the aerospace sector are the key factors driving the growth of the global aerospace cyber security market. However, the market is hampered by high installation & operational costs and regulatory challenges. On the contrary, technological advancements and innovation, coupled with strengthening of cyber regulations in the aerospace industry, are expected to provide remarkable growth opportunities for the players operating in the market.
The global aerospace cyber security market is segmented into type, deployment, application, component, and region. By type, the market is fragmented into network security, wireless security, cloud security, and content security. According to deployment, it is classified into on-premises and cloud. On the basis of type, it is categorized into services and solutions. Region wise, the market is analyzed in North America, Europe, Asia-Pacific, and LAMEA.
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The global aerospace cyber security market size was valued at $26.3 billion in 2022, and is projected to reach $58.9 billion by 2032, growing at a CAGR of 8.4% from 2022 to 2032.
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Northrop Grumman Corporation
DXC Technology Company
BAE Systems
Honeywell International, Inc.
The Aerospace Corporation
Thales Group
Astronautics Corporation of America
Raytheon Technologies Corporation
Lockheed Martin Corporation
EUROCONTROL