LAMEA 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

Market Report Description

The Latin America, Middle East and Africa Aerospace Cyber Security Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030).

The Brazil market dominated the LAMEA Aerospace Cyber Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $892.1 Million by 2030. The Argentina market is showcasing a CAGR of 11.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.6% during (2023 - 2030).

Recognizing the aerospace industry's interconnected nature, collaborative information sharing has become a proactive cybersecurity measure. Industry stakeholders, including manufacturers, airlines, and regulatory bodies, increasingly share threat intelligence and best practices to strengthen defenses collectively. This collaborative approach fosters a more resilient aerospace cybersecurity ecosystem.

Moreover, the adoption of Zero Trust Architecture is on the rise within the aerospace sector. This framework operates under the assumption that by default, no entity, internal or external to the network, warrants trust. Access controls, identity verification, and continuous monitoring are integral components of Zero Trust Architecture, providing a robust defense against unauthorized access and lateral movement within networks.

The Brazilian government is likely to play a crucial role in establishing regulations and standards for the cybersecurity of aerospace systems, including drones. As per the data from the International Trade Administration, from 2020 to 2025, the tactical drones and UAVs industry in Brazil is anticipated to expand at a growth rate of 19.85%. Additionally, like many other countries, Argentina faces a growing number of cyber threats. As technology adoption increases across various sectors, including aerospace, the risk of cyberattacks also rises. As per the International Trade Administration, in 2021, Argentine companies invested more than $60 million in cybersecurity, representing a 10 percent annual increase, and 85 percent of Argentine companies reported that they plan to invest in cybersecurity over the next four years. Hence, the rising drones sector and cybersecurity sector in LAMEA will help in the growth of the regional market.

Free Valuable Insights: The Worldwide Aerospace Cyber Security Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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.

LAMEA 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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA