About the Aviation Cyber Security Market
The introduction of new technologies without robust cyber security measures presents a risk to the aviation industry. The risk is due to the cyber threats that are likely to increase during the forecast period. The aviation industry stakeholders such as cargo firms, airports, and airlines must recognize the risks to their networks and control systems from cyber threats.Furthermore, they have to take steps to close the gaps and resolve potential vulnerabilities to maintain public confidence in the aviation system. The global aviation system includes varied organizational structures and operating models, distributed networks, interdependent physical and cyberspace functions and systems, and governance constructs that involve multi-level authorities, responsibilities, and regulations.
Technavio’s analysts forecast the global aviation cyber security market to grow at a CAGR of 9.24% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global aviation cyber security market for 2016-2020. To calculate the market size, we considered revenues generated from the sale of cyber security solutions to the aviation sector. The cyber security solutions include stand-alone and integrated software suites and integrated services by managed security providers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aviation Cyber Security Market 2016-2020
Technavio recognizes the following companies as the key players in the global aviation cyber security market: BAE Systems, Cisco Systems, IBM, Northrop Grumman, and Raytheon.
Other Prominent Vendors in the market are: Airbus, Boeing, Booz Allen Hamilton, CSC, Fortinet, General Dynamics, and Thales.
Commenting on the report, an analyst from Technavio’s team said: “One trend that is expected to boost market growth is the emergence of integrated security solutions. End-users prefer integrated and converged security solutions as opting for various stand-alone security solutions may lead to integration issues. Integrated security solutions provided by vendors will provide better support and functionalities to customers. SDI's (an IT and security solutions provider) integrated video and information systems network for airports and airlines is an example for such integrated solutions. Integrated security solutions help maximize the security and operational performance of airports.”
According to the report, a key growth driver is the rising number of DDoS attacks. Hackers are now focusing targeting network layers rather than application layers for cyberattacks. DDoS is a type of denial of service attack where a large number of infected machines are ordered to access a particular website. With millions of computers trying to access the same website, it eventually becomes unable to handle the traffic and crashes down. This will lead to financial losses, and the reputation of the company will be at stake.
Further, the report states that one challenge that could stunt market growth is compatibility issues. Vendors provide stand-alone or customized solutions which could be incompatible with existing infrastructure.
BAE Systems, Cisco Systems, IBM, Northrop Grumman, Raytheon, Airbus, Boeing, Booz Allen Hamilton, CSC, Fortinet, General Dynamics, Thales.