6 MARKET SEGMENTATION6.1 By Solution6.1.1 Threat Intelligence & Response6.1.2 Identity and Access Management6.1.3 Data Loss Prevention6.1.4 Security and Vulnerability Management6.1.5 Managed Security6.2 By Application6.2.1 Airline Management6.2.2 Air Cargo Management6.2.3 Airport Management6.2.4 AirTraffic Control Management6.3 Geography6.3.1 North America6.3.2 Europe6.3.3 Asia-Pacific6.3.4 Latin America6.3.5 Middle East & Africa
4 MARKET DYNAMICS4.1 Market Overview4.2 Industry Attractiveness – Porter’s Five Force Analysis4.2.1 Threat of New Entrants4.2.2 Bargaining Power of Buyers/Consumers4.2.3 Bargaining Power of Suppliers4.2.4 Threat of Substitute Products4.2.5 Intensity of Competitive Rivalry 4.3 Introduction to Market Drivers and Restraints4.4 Market Drivers4.4.1 Increasing Rate of Cyber-attacks in Aviation Sector4.4.2 Technological Advancements and IT Systems Required to Support Passenger Traffic4.5 Market Restraints4.5.1 Lack of Cyber Security Professionals4.6 Industry Value Chain Analysis
– According to the Cyber Security Breaches Survey 2018, in the United States, the state of California lost more than USD 214 million through cyber crime alone. Such cases creates a need for the cyber security in the country and impacts the demand.– In the United States, the transportation companies and air carriers especially aviation sector, in particular, are incorporating more advanced cybersecurity programs that align with the National Institute of Standards and Technology (NIST) standards. – The United States lays high emphasis on its aviation sector and invest mainly in research and development of advanced cybersecurity systems. For instance, 2019 Presidents Budget includes USD 15 billion of budget authority meant for cybersecurity-related activities along with Airport and Airway Trust Fund having USD 32.4 million of 2019 budget. – In additon, the new budget spending for canadian infrastructure protection is marked at USD 144.9 million over five years including Canadas critical cyber systems including sectors in the finance, telecommunications, energy and transport sectors.
– With the number of air travel passengers increasing at a rapid rate year over year, airports continue to upgrade their infrastructure intelligence to improve passengers travel experience and support the growth. By enabling the exchange of real-time information on flights schedule, collaboration, and airport-wide process integration, airports significantly improve operational efficiencies, passenger services, and advanced security capabilities. These factors drive the adoption of It systems thus, impacting the market– According to SITA Air Transport IT Trends Insights Report, 2018, the airport and the airline have IT investment prioritized as cybersecurity, with 94% of studied airports planning to invest in the cybersecurity programs over the next three years.– There is an increase in demand for cyber security in aviation in Asia-Pacific region. According to Indian Government’s Vision 2040, India need s approximately 200 commercial flights airports and an estimated investment of USD 40 to USD 50 billion to handle at least 1.1 billion passengers. Also, the civil aviation authorities of the world are emphasing to enhance and ensure safety and security standards across fast-growing aviation ecosystem.
The “Aviation Cyber Security Market” research report 2019-2024 is focused on various market affecting factors and comprehensive factors of the industry. The Aviation Cyber Security market report illustrates the price analysis along with the features of the product, moreover, it points out the major market share in the different regions of the world. The Aviation Cyber Security market report helps to determine the actual #market size and execute business resources in order to gain maximum profitability.