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Airline Cyber Security Market Size

  • Report ID: GMI10185
  • Published Date: Jul 2024
  • Report Format: PDF

Airline Cyber Security Market Size

Airline Cyber Security Market was valued at USD 9.7 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 7% from 2024 to 2032. The market is expanding rapidly due to the necessity for compliance with increasingly stringent regulatory requirements. Airlines and aviation stakeholders must adhere to rigorous cyber security standards imposed by regulatory bodies globally, to protect sensitive passenger and operational data for fostering trust and reliability in air travel systems.

 

In addition, the increase in cyber threats and attacks in the airline industry highlights the vulnerabilities in critical systems such as flight booking and operational networks. These attacks range from disruptive distributed denial-of-service (DDoS) incidents, which can cause flight delays and operational disruptions, to sophisticated breaches aimed at stealing sensitive passenger data. For instance, in September 2023, a Russian flight booking system, Leonardo, was targeted in a "massive" distributed denial-of-service (DDoS) attack, disrupting operations for major carriers like Aeroflot and Pobeda at Moscow's Sheremetyevo International Airport. As the frequency and complexity of cyber-attacks rise, proactive measures and collaboration across the industry are essential to maintaining trust and resilience in airline operations.

 

Further, the expansion of in-flight connectivity solutions serves as a significant growth opportunity for the airline cybersecurity market. Moreover, the growth of Wi-Fi and internet service offerings by flights to enhance passenger experience propels the demand for robust cyber security measures.
 

Securing legacy IT systems poses significant challenges, due to their outdated architectures and inherent vulnerabilities, which often lack modern security features and updates. These systems may not support advanced encryption or intrusion detection technologies, leaving them susceptible to cyberattacks that exploit known weaknesses. Further, issues associated with of a shortage of skilled cybersecurity professionals capable of effectively managing and securing these complex legacy systems result in gaps in the expertise needed to implement robust defense strategies and respond swiftly to emerging threats. Addressing these complexities requires airline players to invest in both upgrading legacy infrastructure and enhancing their cyber security workforce to mitigate risks effectively, thus hindering market growth.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Market size for airline cyber security was USD 9.7 billion in 2023 and is expected to register 7% CAGR from 2024-2032 owing to the necessity for compliance with increasingly stringent regulatory requirements worldwide.

Airline cyber security industry from the solutions segment held 64% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to a constant increase in demand for integrated security platforms and airlines favoring comprehensive solutions.

North America industry held 34% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of some of the world's largest and most advanced airlines and aerospace companies in the region.

Airbus Cyber security, BAE Systems, Cisco, Honeywell International, IBM, Symantec Corporation (now part of Broadcom), and Thales Group, are some of the major airline cyber security companies worldwide.

Airline Cyber Security Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 320
  • Countries covered: 26
  • Pages: 270
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