According to MarkNtel Advisors’ research report, the Global Aviation Cyber Security System Market is projected to witness around 10.1% CAGR during 2021-26. The International Civil Aviation Organization (ICAO) is working on building a globally harmonized approach with the integration of new airspace users, development of advanced aircraft systems & applications, and decision-making systems through data sharing across aviation to counter cyber threats.
Besides, the IATA & ICAO have collaborated to bring Aviation Cyber Security Strategy that is based on seven pillars:
All these aspects are anticipated to increase the adoption of advanced cyber security systems in the aviation industry and drive the global market in the coming years.
Airport Management to Lead the Global Aviation Cyber Security System Market
Airports regularly undergo several transformations like enhancing operational efficiencies, passenger services, & advanced security capabilities in their infrastructures for an improved customer experience. Since the prospect of airports displays modern communication infrastructure, supporting NextGen air transportation systems, the risks of cyberattacks across the aviation sector are likely to rise too in the coming years. Hence, it surges the need for reliable cybersecurity systems across the industry for efficient Airport Management.
Europe to Demonstrate an Optimistic Future Trend in the Coming Years
Across Europe, the European Union Aviation Safety Agency (EASA) took a crucial step to enhance its aviation cybersecurity protection by revising the rules related to the product certification. These amendments will step up safety onboard by decreasing the effects of potential cybersecurity threats that might occur through deliberate unauthorized acts of communication with the aircraft’s onboard automated networks & systems.
The amendments will also improve harmonization with the norms of the Federal Aviation Administration (FAA). Additionally, EASA has also aligned with the European Commission and devised a roadmap for cybersecurity in aviation, which, in turn, is likely to infuse the demand for aviation cyber security systems during 2021-26.
Key Market Competitors
According to MarkNtel Advisors, the leading players in the Global Aviation Cyber Security System Market include International Business Machines Corporation (IBM), Honeywell International, Inc., Cisco Systems, Inc., Thales Group, SITA, The Raytheon Company, BAE Systems PLC, Lockheed Martin Corporation, Harris Corporation, Northrop Grumman Corporation, and DXC Technology.
Key Questions Answered in the Study