The North America Aerospace Cyber Security Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030).
The US market dominated the North America Aerospace Cyber Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,341.7 Million by 2030. The Canada market is experiencing a CAGR of 9.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.8% during (2023 - 2030).
There has been an increase in initiatives and plans regarding cybersecurit, which is beneficial to the demand for aerospace cybersecurity. For example, as per the International Trade Administration, Canada’s digital spy agency, the Communications Security Establishment (CSE), responded to more than 2,000 attacks on the federal government and its critical infrastructure partners in 2020. In response to these persistent threats, Canada has implemented a National Cyber Security Action Plan and a National Cyber Security Strategy.
In addition, the adoption of cybersecurity measures within the aerospace sector has witnessed a substantial uptick in recent years, driven by the escalating threats posed by cybercriminals and nation-states. Historically, the aerospace industry has been characterized by its emphasis on safety and reliability, but the increasing integration of digital technologies has exposed it to new vulnerabilities. Aircraft, satellites, and ground systems are now interconnected through complex networks, creating an expansive attack surface that demands robust cyber defenses.
The United States has seen a substantial increase in both commercial and recreational drone usage. Drones are employed in various industries, including agriculture, construction, filmmaking, package delivery, surveillance, etc. Moreover, the Canadian government plays a vital role in fostering the growth of the aerospace industry and ensuring its security. It may implement initiatives and regulations to promote and enforce cybersecurity standards within the sector. Hence, the rising aerospace and drone sectors in North America will assist in the expansion of the regional market.
Free Valuable Insights: The Aerospace Cyber Security Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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