North America Aerospace and Defense Cyber Security Market Insights Forecasts to 2032
- The North America Aerospace and Defense Cyber Security Market Size was valued at USD XX Billion in 2022.
- The Market Size is growing at a CAGR of 11.2% from 2022 to 2032.
- The North America Aerospace and Defense Cyber Security Market Size is expected to reach XX Billion by 2032.
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The North America Aerospace and Defense Cyber Security Market Size is expected to reach USD XX Billion by 2032, at a CAGR of 11.2% during the forecast period 2022 to 2032.
The aerospace and defense (A&D) industry is facing numerous types of cyber threats with far-reaching consequences. The industry is a prime target for cybercriminals looking for valuable information and a competitive edge, from intellectual property theft and industrial spying to supply chain attacks and data breaches. To protect themselves against these threats, A&D companies must priorities robust cybersecurity measures, employee training, and collaboration with experts. These factors will boost growth in North America. Furthermore, cyber security is a major concern in the internet age. It is also a growing concern in the aerospace industry as technology advances, and the industry must be proactively known to be protected with strong cybersecurity practices. Aerospace and defense cybersecurity is the industry standard for securing the flow of critical information to and from aircraft. Its solutions address current and future threats to flight safety and the integrity of vast amounts of data travelling in and out of aircraft, which is a critical requirement in this digital age. In addition, the presence of numerous defense contractors and technology firms in North America creates an ideal environment for cybersecurity innovations. However, a growing awareness of the critical need to safeguard sensitive military and aerospace data is propelling North American market growth.
This research report categorizes the market for North America aerospace and defense cyber security market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America aerospace and defense cyber security market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America aerospace and defense cyber security market.
North America Aerospace and Defense Cyber Security Market Report Coverage
|Market Size in 2022:||USD XX Billion|
|Forecast Period 2022-2032 CAGR:||11.2%|
|2032 Value Projection:||USD XX Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Type, By Deployment, By End use Industry, By Country|
|Companies Covered:||United Electronic Industries, Unisys Corporation, Raytheon Technologies Corporation, Honeywell International, Inc., Palo Alto Networks Inc., Leidos Holdings Inc., Collins Aerospace, CACI International Inc and Other Top Key Players.|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The North American aerospace and defense cyber security market is expected to grow significantly due to the increasing severity of cyberattacks, technological advancements required to support passenger traffic, and stringent government regulations. On the contrary, the increased use of modern technologies and automation to foster growth are the major factors expected to provide lucrative possibilities for market growth in North America during the forecast period. Furthermore, the growing popularity of cloud security solutions, the emergence of social media, and the increasing severity of cyberattacks are all factors influencing the growth of this market. The aerospace and defense industries are becoming increasingly reliant on information technology and are increasingly vulnerable to malicious cyberattacks. As a result, the procurement of advanced cyber security solutions and services has increased. Such factors are boosting market growth in North America.
A lack of current technological knowledge, a highly skilled workforce, and a shortage of cybersecurity workers are impeding security organization’s growth.
- In 2022, the network security segment accounted for the largest revenue share over the forecast period.
Based on the type, the North America aerospace and defense cyber security market is segmented into network security, endpoint security, cloud security, security analytics, application security, identity & access management, incident response & management and others. Among these, the network security segment has the largest revenue share over the forecast period. Aerospace and defense operations are increasingly reliant on interconnected networks and systems. Due to increased complexity, robust network security is required to protect critical infrastructure and data. In addition, aerospace and defense organizations deal with highly sensitive and classified information. Network security solutions ensure the confidentiality, integrity, and availability of this data, preventing unauthorized access and data breaches.
- In 2022, the on-cloud segment accounted for the largest revenue share over the forecast period.
On the basis of deployment, the North America aerospace and defense cyber security market is segmented into on-cloud and on-premise. Among these, the on-cloud segment has the largest revenue share over the forecast period. This growth is primarily attributable to changing market trends in cyber security solutions and the paradigm shift from on-premise deployment to on-cloud deployment, which is advantageous due to its low cost, flexibility, and reduced operational complexities.
- In 2022, the government & military segment is expected to hold the largest share of the North America aerospace and defense cyber security market during the forecast period.
Based on the end-user industry, the North America aerospace and defense cyber security market is classified into government & military, aerospace manufacturers, defense contractors, civil aviation and others. Among these, the government & military segment is expected to hold the largest share of the North America aerospace & defense cyber security market during forecast period. The increasing reliance on advanced technologies in defense operations, such as unmanned systems and advanced communication networks, creates a higher level of vulnerability, necessitating robust cybersecurity solutions. The increasing frequency and sophistication of cyberattacks has resulted in a greater emphasis on defense against these threats. Furthermore, governments' allocation of significant budgets to strengthen their cyber security posture fuels the growth of this segment.
The report offers the appropriate analysis of the key organizations/companies involved within the North America aerospace and defense cyber security market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- United Electronic Industries
- Unisys Corporation
- Raytheon Technologies Corporation
- Honeywell International, Inc.
- Palo Alto Networks Inc.
- Leidos Holdings Inc.
- Collins Aerospace
- CACI International Inc
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On July 2023, United Electronic Industries (UEI) has introduced several new cybersecurity solutions for its data collection, testing, and control equipment. Specifically designed to meet the stringent security requirements of aerospace and defense applications such as Unmanned Aerial Vehicles (UAVs).
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America aerospace and defense cyber security market based on the below-mentioned segments:
North America Aerospace and Defense Cyber Security Market, By Type
- Network Security
- Endpoint Security
- Cloud Security
- Security Analytics
- Application Security
- Identity & Access Management
- Incident Response & Management
North America Aerospace and Defense Cyber Security Market, By Deployment
North America Aerospace and Defense Cyber Security Market, By End Use Industry
- Government & Military
- Aerospace Manufacturers
- Defense Contractors
- Civil Aviation
North America Aerospace and Defense Cyber Security Market, By Country
- United States
- Rest of North America
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