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Global Cyber Weapon Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Offensive and Defensive), Application (Public Utility, Government Organization, National Defense System, Hospital, Financial Systems, Automated Transportation System, Air Traffic Control, Smart Power Grid, Industrial Control System, Communication Network, others), and Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Industry Analysis from 2022 to 2027.

Published: March, 2023
ID: 9582
Pages: 175
Formats: report pdf report excel report power bi report ppt

Cyber Weapon Market Size (2022 to 2027)

The global cyber weapon market is estimated to record a compound annual growth rate of 4.7% throughout the forecast period (2022 - 2027). The market size is predicted to value USD 674 million by 2027 from USD 535 million in 2022 and USD 511.8 million in 2021. 

Cyberweapons are malicious agents designed for intelligence, military, and paramilitary security or surveillance purposes, used in digital warfare. They are generally sponsored by state or non-state individuals or groups. Cyber ​​weapons are also used to violate the privacy of any nation's people or compromise their sovereignty. They are in the form of viruses and malware that can cause or protect against intellectual property theft or the destruction of data and systems.

Impact of COVID-19 on the global cyber weapon market:

The impact of the global coronavirus epidemic is changing minute by minute. It is practically impossible to look anywhere and not see signs of the pandemic, which has affected our lives, workplace, communities, and homes. Given several unknown elements of this outbreak and the situation that continues to develop, it isn't easy to assess what the future has in its store. The global defense and aerospace (A&D) industry has seen clear and immediate consequences. It is well known in the industry that the commercial aerospace sector has experienced the fastest growth in decades, and defense spending worldwide increased after the great recession. The A&D sector was inevitably heading for a reboot, and COVID-19 could have accelerated this change.

Market Drivers:

The global cyber weapons market is expected to experience significant growth during the outlook period due to the rising threats to critical infrastructure in vital sectors, including information technology and government. Increased defense spending coupled with the continued development of cyber weapons as a tool of war should also stimulate market growth. Military, paramilitary, and intelligence agencies penetrate the enemy network using a cyber-weapon, essentially malware or a virus. The growing demand to violate the target's privacy and ensure the host country's sovereignty is expected to stimulate the world market during the forecast period significantly. The offensive use of cyber weapons by cybercriminals and the defensive use by law enforcement officials also contribute to market demand.

The increase in the number of cyber problems is a national concern. This could further increase the demand for cyber weapons (offensive and defensive) for security and military planning. Furthermore, the surge in the usage of the Internet in various applications is increasing cybercrime and related problems, resulting in a growing demand for cyber weapons worldwide. Cyberweapons help detect, monitor, report and counter cyber threats to maintain the confidentiality of computer systems. As a result of the above goals, the cyber weapons market is expected to grow significantly during the forecast period. Furthermore, the growing demand for offensive and defensive cyber weapons by NATO countries, particularly the United States, to defend their interest in cyberspace, could significantly stimulate the cyber weapons market. Furthermore, non-NATO countries should invest in internet warfare capabilities, further boosting the demand for cyber weapons.

Market Restraints:

The major restraints of the global cyber weapons market include preventing the development and use of weapons that result in massive destruction and generate disharmony across the globe if used offensively. Additionally, the use of cyberweapons surges cyber warfare and anonymity among hackers can negatively impact market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

CAGR

3.1%

Segments Covered

By Type, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report on the global cyber weapons market has been segmented and sub-segmented into the following categories.

Cyber Weapon Market - By Type:

  • Offensive
    • Rule Attacks
    • DDOS
    • Worms And Viruses
    • Penetration Assaults
  • Defensive
    • Antivirus
    • Distributed Denial of Service
    • An Attack Against Reverse Rules
    • Attack Against Penetration

Cyber Weapon Market - By Application:

  • Public Utility
  • Government Organization
  • National Defense System
  • Hospital, Financial Systems
  • Automated Transportation System
  • Air Traffic Control
  • Smart Power Grid
  • Industrial Control System
  • Communication Network
  • Others

In 2021, the National Defense System segment accounted for most of the market share based on the application. The national defense system is a system that defends itself against attacks from any other country. The national defense system is being adapted to provide a security shield for the nation or state. Cyber-attacks and increasing conflicts between countries worldwide are one of the main reasons for the increased use of cyber weapons in the national defense system. The market for automated transport systems is growing daily with the rapidly growing demand for communication and the Internet of Things. The increasing use of the Internet and communications to transport the transport system increases the application of the communication network in the market for automated transport systems.

Cyber Weapon Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

The North American cyber weapon market had the largest share of the global cyber weapon market in 2021. Additionally, North America is likely to represent a significant share of the cyber weapons market during the forecast period as well, strictly followed by Asia-Pacific owing to its increased use in intelligence, aerospace, and defense units. The increasing number of cyber-attacks in different parts of North America is the reason for the growing adoption of cybersecurity instruments. North America, followed by the Asia-Pacific region, was the other central element for promoting the cyber weapons market in 2018. Developing economies such as China, India, North Korea, South Korea, Japan, and Australia play an important role in increased sales of the Asia Pacific cyber weapons market. China's increasing investment in the growth of advanced cyber warfare techniques will significantly facilitate the expansion of the Asia Pacific business. Latin America faces an increase in fraud and theft in the banking sector, which impacts the country's infrastructure. Countries like Brazil, Peru, and Chile have taken cybersecurity on their political agenda.

Key Players:

The Cyber Weapon Market is concentrated with well-established players. Key players in the Cyber Weapon Market include Lockheed Martin Corporation, CISCO Systems, Boeing, AVG Technologies, BAE Systems, and other companies. BAE Systems had the largest share of the Cyber Weapon Market in terms of sales and revenue in 2019.

Recent Market Developments:

In October 2018, The Cyber ​​Command in the United States was one step closer to building its massive electronic weapons system, the unified platform. The Air Force, facilitating the purchase, awarded Northrop Grumman a contract worth $ 54.6 million to implement, combine, deploy, and maintain systems, which are crucial for conducting offensive and defensive cyber operations, intelligence, surveillance, and reconnaissance.

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FAQ's

What was the global market size for cyber weapons in 2021?

The global cyber weapon market size was valued at USD 511.8 million in 2021.

Which region is predicted to grow the fastest in the global cyber weapon market in the coming future?

During the forecast period, the APAC regional market is forecasted to showcase the fastest compound annual growth rate among all the regions in the global market.

Who are the key players in the cyber weapon market?

Lockheed Martin Corporation, CISCO Systems, Boeing, AVG Technologies and BAE Systems are currently dominating the global cyber weapon market.

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