Aerospace Cyber Security Market to Reach $58.8 Billion, Globally, by 2032 at 8.4% CAGR: Allied M…>
PR Newswire – Allied Market Research
Here is a summary of the key points:
1\) The global aerospace cyber security market size was $26\)3 billion in 2022 and is forecast to reach $58\)8 billion by 2032, growing at a CAGR of 8\)4% from 2023-2032\)
2\) Key growth drivers include rising cyber threats, increasing digitization and connectivity, and integration of advanced technologies in aerospace.
Challenges are high costs and regulatory issues.
3\) The network security segment accounted for the largest market share in 2022 with over one-third of revenue.
Cloud security is projected to see the fastest growth at 8\)9% CAGR.
4\) On-premise deployment dominated with over half of market revenue in 2022\) Cloud deployment is expected to grow the fastest at 7\)8% CAGR.
5\) Aircraft was the largest application segment with over half of market revenue.
Drones are forecast to grow the fastest at 8\)5% CAGR.
6\) The services component segment held the largest share in 2022 with over half of revenue.
Solutions are projected to see the highest CAGR of 7\)4%.
7\) North America was the largest regional market in terms of revenue share in 2022\) Asia-Pacific is expected to grow the fastest at a CAGR of 7\)8% during the forecast period.
8\) Key players in the market include Astronautics Corporation of America, BAE Systems, Boeing, DXC Technology Company, Eurocontrol, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, and The Aerospace Corporation.
Link: https://www.prnewswire.com/news-releases/aerospace-cyber-security-market-to-reach-58-8-billion-globally-by-2032-at-8-4-cagr-allied-market-research-302061548.html