Cyber Weapon Market size is estimated to record a compound annual growth rate of 4.7% throughout the estimated period (2020-2025).
Cyberweapons are malicious agents designed for intelligence, military, and paramilitary security or surveillance purposes, used in digital warfare. They are generally sponsored by a state or non-state individuals or groups. Cyber weapons are also used to violate the privacy of the people of any nation or to compromise their sovereignty. They are in the form of viruses, malware that can cause or protect against theft of intellectual property or the destruction of data and systems.
In October 2018, The Cyber Command in the United States is one step closer to building its massive electronic weapons system, the unified platform. The Air Force, which facilitates 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.
Market Drivers and Restraints:
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 through the enemy network using a cyber-weapon, essentially malware or a virus. The growing demand to violate the privacy of the target and ensure the sovereignty of the host country is expected to significantly stimulate the world market during the forecast period. 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. 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.
The main challenges of the global cyber weapons market include preventing the development and use of weapons that result in huge destruction and generates disharmony across the globe if used offensively. Additionally, the use of cyberweapons surges cyber warfare and anonymity amongst hackers, which can negatively impact market growth. 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, which will further stimulate the demand for cyber weapons. Additionally, North America is likely to represent a significant share of the cyberweapons market, strictly followed by Asia-Pacific owing to its increased use in intelligence, aerospace and defense units.
The market for Cyber Weapons has been divided by type and application. The cyberweapons market is segmented by type, which is subdivided into defensive and offensive. Offensive cyberweapons can be further divided into reverse rule attacks, DDoS, worms and viruses, and penetration assaults. The defensive cyber weapons market is divided into antivirus, distributed denial of service, an attack against reverse rules, and attack against penetration.
By application, the market is subdivided into national defense system, communication network, industrial control system, smart electrical network, air traffic control, automated transportation system, financial systems, hospital, government organizations, public service and others.
In 2018, the National Defense System accounted for the majority of the market share of revenue per application. The national defense system refers to a system that defends itself against attack from any other country in the world. The national defense system is being adapted to provide a shield and security for the nation or state. Cyber-attacks and increasing conflicts between countries around the world 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 day by day 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.
Impact of covid-19 on 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, our workplace, our communities and our homes. Given several unknown elements of this outbreak and the situation that continues to develop, it is difficult 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 has increased in the years after the great recession. The A&D industry was inevitably heading for a reboot, and COVID-19 could very well have accelerated this change.
The global market for Cyber Weapons has been categorized on the verge of geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
The North American cyber weapons market had the largest share in terms of revenue in 2018. The increasing number of cyber-attacks in different parts of North America is the reason for the increasing adoption of cybersecurity instruments. North America, followed by the Asia-Pacific region, was the other major 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 greatly facilitate the expansion of the Asia Pacific business. Latin America faces an increase in fraud and theft in the banking sector, which has an impact on the country's infrastructure. Some countries like Brazil, Peru, and Chile have taken cybersecurity as their political agenda.
BAE Systems had the largest share of the Cyber Weapon Market in terms of sales and revenue in 2019.
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.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cyber Weapon Market, By Type
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Cyber Weapon Market, By Application
6.2.1 Public Utility
6.2.2 Government Organization
6.2.3 National Defense System
6.2.5 Financial Systems
6.2.6 Automated Transportation System
6.2.7 Air Traffic Control
6.2.8 Smart Power Grid
6.2.9 Industrial Control System
6.2.10 Communication Network
6.2.11 Market Size Estimations & Forecasts (2019-2024)
6.2.12 Y-o-Y Growth Rate Analysis
6.2.13 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 Lockheed Martin Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 CISCO Systems
8.4 AVG Technologies
8.5 BAE Systems
8.6 Northrop Grumman Corp
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures