The aviation sector has been benefitting from the increasing level of connectivity and digitization, across the value chain. The enabling technological advancements in the aviation sector are creating enormous opportunities to have better customer service, security, flight efficiency, operations, and passenger experience, both on the ground and in the air.

- With the advancement of technology and connectivity, the market has become prone and vulnerable to cyber attacks of malicious malware activities targeting the aviation sector. For instance, in December 2017, a major amount of sensitive security data was stolen at Perth Airport. The world’s biggest airline, Cathay Pacific Airways Ltd., also suffered from a data breach, with the hacker accessing personal information of more than 9.4 million customers.

- Detection and prevention are the most sought-after solutions, as these threats are becoming more stealth with every attack. Owing to such instances, the corporates are trying to utilize the services of domain experts, thus, creating an opportunity for the market.

- A key driver for the market studied is the need for technological advancements to prevent the aviation sector, IT infrastructure, and networks from cyber attacks. Furthermore, as the aerospace sector moves toward the autonomy of spaceflight and is investing billions in developing aviation technologies, the need to protect the infrastructure becomes critical.

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Key Market Trends

Airport Management Holds a Significant Market Share being the Passengers Contact Point

- 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 to support the growth. By enabling the exchange of real-time information on the flight schedule, collaboration, and airport-wide process integration, airports significantly improve operational efficiencies, passenger services, and advanced security capabilities. These factors drive the adoption of these 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 the Asia-Pacific region. According to the Indian Government's Vision 2040, India needs approximately 200 commercial flight 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 emphasizing the enhancement and ensuring of safety and security standards, across the fast-growing aviation ecosystem.

North America Holds the Largest Market Share

- According to the Cyber Security Breaches Survey 2018, in the United States, the state of California lost more than USD 214 million through cybercrime, alone. Such cases created a need for cyber security in the country and impacted the demand.

- In the United States, the transportation companies and air carriers, especially the aviation sector, are incorporating more advanced cyber security programs that align with the National Institute of Standards and Technology (NIST) standards.

- The United States lays high emphasis on its aviation sector and invests mainly in the R&D of advanced cybersecurity systems. For instance, 2019 President’s Budget includes USD 15 billion of budget authority meant for cyber security-related activities, along with Airport and Airway Trust Fund having USD 32.4 million of 2019 budget.

- In addition, the new budget spending for Canadian infrastructure protection is marked at USD 144.9 million over five years, including Canada’s critical cyber systems, including sectors in the finance, telecommunications, energy, and transport sectors.

Competitive Landscape

The competitive rivalry in the market is high among the dominant market players, such as Cisco Systems Inc. and Thales Group, among others. There are significant R&D spending being done by the market vendors to improve the offering on a continuous basis. Version upgrades with enhanced capabilities differentiate the market offerings. The market is experiencing collaborations, mergers, and acquisitions to enable stronger technical capabilities and wider applications.

- In April 2019 - Thales Group acquired a software security company, Gemalto, for USD 5.4 billion. It plans to create a new division to be named as digital identity and security, for redefining its divisions as aerospace, space, ground transportation, defense and security, and digital identity and security.

- In October 2018 - Cisco acquired Duo Security to integrate its networks, devices, and cloud security platforms. Duo's zero-trust authentication and access products have helped the company to let its customers securely connect users to any application on any networked device.

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