Europe Aerospace Cyber Security Market Size, Share & Trends Analysis Report By Component (Services and Solutions), By Application (Aircraft, Drones and Satellite), By Deployment (On-Premise and Cloud), By Type, By Country and Growth Forecast, 2023 - 2030

Analysis of Market Size & Trends

The Europe Aerospace Cyber Security Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030).

The Germany market dominated the Europe Aerospace Cyber Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,923.4 Million by 2030. The UK market is exhibiting a CAGR of 6.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.8% during (2023 - 2030).

The application of cybersecurity in the aerospace industry is multifaceted, covering various domains to create a comprehensive defense against cyber threats. One of the primary areas of focus is aircraft systems, where avionics and on-board computers play a critical role. Cybersecurity measures are implemented to safeguard these systems from unauthorized access, manipulation, or interference, ensuring the integrity and functionality of critical flight components.

In addition, satellite communication networks, another crucial aspect of the aerospace ecosystem, are vulnerable to cyber threats that could compromise data transmission, disrupt communications, or even result in the loss of satellite control. Aerospace cybersecurity solutions are designed to protect these networks, employing encryption, intrusion detection systems, and secure communication protocols.

As per the International Trade Administration, for 2021, the French civil aerospace industry recorded a modest gain in revenue, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. This represents an improvement over the previous year, 2020. The aerospace and defense industry is responsible for around 68% of its total consolidated turnover, while the civil sector accounts for 69% of its income. A 68% rise in orders was seen in 2021 compared to 2020. Therefore, the growing aerospace sector in Europe is expected to boost the demand in the coming years.

Free Valuable Insights: The Global Aerospace Cyber Security Market will Hit USD 46.7 Billion by 2030, at a CAGR of 8.1%

Based on Component, the market is segmented into Services and Solutions. Based on Application, the market is segmented into Aircraft, Drones and Satellite. Based on Deployment, the market is segmented into On-Premise and Cloud. Based on Type, the market is segmented into Network Security, Content Security, Wireless Security, and Cloud Security. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Honeywell International, Inc.
• Lockheed Martin Corporation
• Astronautics Corporation of America
• Thales Group S.A.
• BAE Systems PLC
• Airbus SE
• Northrop Grumman Corporation
• The Aerospace Corporation
• Cisco Systems Inc.

Europe Aerospace Cyber Security Market Report Segmentation

By Component

• Services
• Solutions

By Application

• Aircraft
• Drones
• Satellite

By Deployment

• On-Premise
• Cloud

By Type

• Network Security
• Content Security
• Wireless Security
• Cloud Security

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe