Drone Cybersecurity Market

Drone Cybersecurity Market Growing Trends and Demands 2022

Introduction

The global Drone Cybersecurity Market is predicted to develop at a compound annual growth rate (CAGR) of 25.8% from $1.38 billion in 2022 to $4.45 billion by 2028. The necessity to safeguard drones from cyberattacks, the expansion of drone technology, and the growing use of drones for commercial and governmental purposes are all contributing to this increase.

The Report Targets Top Players

  • Mobilicom
  • DroneSec
  • Fortress Information Security
  • SparkCognition
  • ECA GROUP
  • Kaspersky

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Market Overview

The major factors driving the growth of the Drone Cybersecurity market are the increasing use of drones for commercial and military applications and the rising concerns regarding the security of drones. However, the high cost of cyber security solutions is restraining the growth of the market.

The Drone Cybersecurity market is segmented by component, solution, application, and geography. By component, the market is divided into hardware and software. The software segment is further categorized into application software and middleware. The hardware segment is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for advanced features such as data encryption and data loss prevention in drones.

Market Drivers

The global Drone Cybersecurity market is expected to grow at a CAGR of over 25.8% during the forecast period of 2022-2028. This growth is attributed to the increasing need for data security, rising concerns over cyber attacks, and stringent government regulations.

With the increasing use of drones for commercial and military purposes, there is a growing need to protect the data and information stored on these devices from unauthorized access and cyber-attacks. Drones are being used for critical missions such as surveillance, delivery of goods, and mapping, which makes them a prime target for hackers and other malicious actors. In addition, the growing trend of Bring Your Own Device (BYOD) in the enterprise sector is also contributing to the growth of the Drone Cybersecurity market.

Market Restraints

The global Drone Cybersecurity market is restrained by stringent regulations and policies regarding the use of drones. For example, in the United States, the Federal Aviation Administration (FAA) has imposed several restrictions on the use of drones, such as prohibiting flying drones near airports or above 400 feet. Similarly, in Europe, the European Aviation Safety Agency (EASA) has also implemented various rules and regulations regarding the use of drones. These stringent regulations are expected to restrain the growth of the Drone Cybersecurity market during the forecast period.

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Reasons to Purchase Drone Cybersecurity Market Report:

  • Save the time and resources required for entry-level research by getting an insight into the leading players and segments of the global Drone Cybersecurity market.
  • The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
  • The key findings and recommendations given in the report emphasize crucial progressive industry trends in the Drone Cybersecurity Market thereby enabling players to develop effective long-term strategies in order to garner their market revenue.
  • Gain crucial insights into global market trends and outlook and the factors driving and hindering the market growth.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
  • Apart from the hottest technological advances in the global Drone Cybersecurity market, it brings to light the plans of dominant players in the industry

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