The global aviation & defense cyber security market is projected to grow from USD 39.59 Billion in 2015 to USD 61.85 Billion by 2020, at a CAGR of 9.34% from 2015 to 2020. Factors influencing the growth of this market include increasing popularity of cloud security solutions, emergence of social media, and increasing severity of cyber-attacks. The aerospace and defense industry is becoming highly dependent on IT, and is increasingly facing malicious cyber-attacks. This has further resulted in driving the procurement of advanced cyber security solutions and services. On the other hand, factors such as lack of latest technological knowledge and highly skilled workforce in security organizations are restraining the growth of this market.

In this report, the aviation cyber security market has been categorized into three key segments, namely, component, deployment, and region. The component segment has been further categorized into solution and service. The deployment segment includes on-premise and on-cloud deployment types, whereas on the basis of region, the market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Among the two deployment types covered in the report, the aviation cyber security market is dominated by the on-cloud segment. This growth is mainly attributed to the changing market trends of cyber security solutions and the paradigm shift from on-premise deployment to on-cloud deployment, owing to its low-cost, flexibility, and reduced complexities in operations.

North America is the most dominant region in the global aviation cyber security, as of 2015, followed by Europe. This market in Latin America is projected to grow at the highest CAGR during the forecast period. Factors attributed to the growth of this market includes exponential growth in the use of internet and social media in this region, thereby increasing the demand for effective and technologically advanced cyber security solutions and services. On the other hand, increase in cybercrime activities resulted in compelling the governments of Latin American countries such as Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, and Venezuela to pass legislations, thereby positively impacting the overall demand of cyber security services and solutions in this region.

Key players operating in the global aviation cyber security market are Cisco Systems, Inc., International Business Machines Corporation (IBM), Raytheon Company, Northrop Grumman Corporation, and BAE Systems plc. Agreements and contracts are the two major growth strategies adopted by players to strengthen their positions and enhance their product offerings.

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