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2023

Cyber Warfare Market

Cyber Warfare Market Size, Share, Competitive Landscape and Trend Analysis Report by Component (Hardware, Software, Services), by End User (Government, Corporate and Private, Aerospace and Defense, BFSI, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: Akanksha Pandey | Vineet Kumar
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Cyber Warfare Market Research, 2032

The global cyber warfare market was valued at $37.5 billion in 2022, and is projected to reach $127.1 billion by 2032, growing at a CAGR of 13.3% from 2023 to 2032. 

The market for cyber warfare is a rapidly expanding market that includes a number of goods, services, and technological advancements associated with the application of digital strategy in conflict.  It involves the deployment of cyber capabilities to interfere with, harm, or destroy an adversary's computer systems, networks, or information infrastructure of an adversary to gain a strategic advantage or accomplish particular military goals. This market consists of a number of different facets, including cyber threat intelligence, offensive and defensive cyber capabilities, cyber intelligence, cyber weapons, and cyber training and simulation. The development and implementation of advanced tools and methods to launch cyberattacks on systems of opponents are instances of offensive cyber capabilities. However, defensive cyber capabilities concentrate on shielding vital networks and infrastructure from online dangers. Moreover, the market includes the establishment and utilization of cyber weapons, which are created with the purpose of finding and exploiting loopholes in computer systems and networks. Critical infrastructures, such as power grids, financial systems, or communication networks, are expected to be affected by or rendered inoperable by these weapons.

Furthermore, surge in rise in advance cyberattacks and increased dependence on technology are the major factors that is striking the market growth during the forecast period. However, shortage of shared real-time information on rapidly evolving threats and insufficiently trained workforce to address new threats are primarily restraining the market growth. Moreover, increase in reliance on connected systems and technology is expected to create a lucrative opportunity for the market growth during the forecast period. 

Cyber Warfare Market

The cyber warfare market is segmented into component, end user and region. On the basis of component, it is categorized into hardware, software and services. On the basis of end user, it is fragmented into government, corporate and private, aerospace and defense, BFSI, healthcare and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The report focuses on growth prospects, restraints, and analysis of the global cyber warfare market trend. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors,  the threat of new entrants, threat of substitutes, and bargaining power of buyers on the global cyber warfare market share.

Cyber Warfare Market by Component

On the basis of component, hardware segment dominated the cyber warfare market in 2022 and is expected to maintain its dominance in the upcoming years owing to offer equipment and tools created especially to enable cyber warfare operation, which includes firewalls, intrusion detection systems, network and security appliances, and advanced malware or exploit kits propels the market growth significantly. However, the software segment is expected to witness the highest growth, owing to offer a wide variety of capabilities, including data analysis, vulnerability assessment, intrusion detection and prevention, network reconnaissance and scanning, exploit development, and malware generation and distribution.    

Cyber Warfare Market by Region

 

Region-wise, the cyber warfare market size was dominated by North America in 2022 and is expected to retain its position during the cyber warfare market forecast period, owing to the factors such as the increasing use of smartphones and enhanced internet connectivity aiding the growth of the cyber warfare market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to enables enterprises and managed security service providers to improve operational efficiencies, cost-effectiveness, and security outcomes is expected to fuel the market growth in this region.

Competition Analysis

The key players operating in the cyber warfare industry include BAE Systems, Cisco Systems, Inc., DXC Technology Company, RTX, Booz Allen Hamilton Inc., General Dynamics Corporation, Intel Corporation, L3Harris Technologies, Inc., IBM, and Airbus. Furthermore, it highlights the strategies of the key players to improve the cyber warfare industry share and sustain competition.

Recent Upgradation/Development in the Cyber Warfare Market   

On May 2023, BAE Systems demonstrates cognitive electronic warfare capabilities and cyber warfare capabilities at Northern Edge 2023 an F-15 flies through the clouds. The rendering of an artist electronic warfare capabilities emanates from the aircraft.

On April 2023, Cisco System Inc enhanced its cyber security portfolio and updated the latest progress towards its vision of the Cisco Security Cloud, a unified, AI-driven, cross-domain security platform. The new XDR solution of Cisco and the release of advanced features for Duo MFA is expected to help organizations better protect the integrity of their entire IT ecosystem.

On October 2023, Booz Allen Hamilton Inc. upgraded its security solutions and expanded its services to bring AI to government offices. Also, Booz Allen’s launched AI factory, aiSSEMBLE™, which provides a holistic approach to designing, developing, and fielding AI for the federal government with reusable components and configurable templates to foster scalable enterprise AI.

Recent Expansion  in the Cyber Warfare Market

On March 2021, L3Harris Technologies, Inc expanded its security solutions and received a contract from Lockheed Martin for development of a new advanced electronic warfare system to protect the international F-16 multirole fighter aircraft against emerging radar and electronic threats.

Recent Product Launch in the Cyber Warfare Market

On October 2022, BAE Systems launched cybersecurity system for F-16 fighter aircraft. It supports over 100 F-16 onboard systems, including flight- and mission-critical components such as radar, engine control, navigation, communications, crash  data recorders, and electronic warfare, mission and flight control..

On April 2023, Raytheon Technologies launched RAIVEN, a revolutionary electro-optical intelligent-sensing capability, which will enable pilots to have faster and more precise threat identification.

Top Impacting factors  

Rise in advance cyber attacks  

Cyber threats have multiplied and become more complicated. The market for cyber warfare is significantly being driven by the development in complexity of cyber threats. Cyber threats have become more prevalent as society gets more digitalized and technology develops. Cyber attackers, such as state-sponsored hackers, criminal gangs, and hacktivists, have continually come up with novel and highly technical ways to exploit weaknesses in digital systems. These dangers are able to take many different forms, from targeted attacks on particular businesses or people to massive operations intended to damage vital infrastructure or steal confidential information. In addition, as attackers use innovative methods such as advanced persistent threats (APTs), zero-day exploits, and social engineering techniques, the complexity of cyber threats has also grown. These strategies frequently go over traditional security measures, which makes it more difficult to identify and defend against cyberattacks. Governments and defense organizations have become more aware of the necessity to build up powerful cyber warfare capabilities to effectively protect their vital infrastructure, national security, and citizen data. Furthermore, continuous investment in R&D is also necessary to remain ahead of dynamic dangers due to the increase in quantity and complexity of cyber threats. The need for innovative cyber warfare techniques, technologies, and skills is fueled by this. Governments and defense organizations across the globe have invested a huge number in cyber defense and offense capabilities to ensure successful identification, determination, and response to cyber threats. This expenditure involves the development of offensive cyber capabilities to confront prospective adversaries, and project power in cyberspace.

Increased dependence on technology

Nations have been increasingly depending on technology and the internet for various areas of their daily operations, including national security and defense, in an increasingly globalized world. Governments have realized the significance of cyber warfare capabilities to protect their interests and defend against potential cyber threats as geopolitical tensions increase and wars develop. The connectivity of digital environment has made it simpler for both state-sponsored and non-state actors to conduct cyberattacks against other countries. In addition, cyberattacks have become a popular choice for nations to conduct covert operations without being directly identified due to the anonymity and deniability they offer. This has increased the demand for states to have the ability to conduct cyber warfare in order to establish deterrence and respond to future cyber threats. Furthermore, geopolitical unrest and conflict also result in cyber espionage, and theft of confidential data or intellectual property. Nations involved in conflict or rivalries frequently target vital infrastructure, governmental networks, and private sector businesses of one another to acquire a competitive edge. The market for cyber warfare has expanded due to the rise in demand for cybersecurity services and products.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the cyber warfare market share, segments, current trends, estimations, and dynamics of the cyber warfare market analysis from 2022 to 2032 to identify the prevailing cyber warfare market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities. 
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cyber warfare market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global cyber warfare market trends, key players, market segments, application areas, and cyber warfare market growth strategies.

Cyber Warfare Market Report Highlights

Aspects Details
Market Size By 2032
Market Size By 2032

USD 127.1 billion

Growth Rate
Growth Rate

CAGR of 13.3%

Forecast period
Forecast period

2022 - 2032

Report Pages
Report Pages

334

Cyber Warfare Market By Component
By Component
  • Hardware
  • Software
  • Services
Cyber Warfare Market By End User
By End User
  • Government
  • Corporate and Private
  • Aerospace and Defense
  • BFSI
  • Healthcare
  • Others
Cyber Warfare Market By Region
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

DXC Technology Company, BAE Systems, RTX, IBM, Cisco Systems, Inc., Booz Allen Hamilton Inc., L3Harris Technologies, Inc., Airbus, Intel Corporation, General Dynamics Corporation

Analyst Review

The increase in reliance on digital infrastructure across different sectors, including government, defense, banking, healthcare, and energy, is the factor that has driven the industry. Organizations have increasingly networked and digitalized, which increases the risk of cyberattacks and the urgency of having robust cyber defense capabilities. The attack surface for cybercriminals and state-sponsored hackers has grown as cloud computing, IoT devices, and AI have become more widely adopted. The demand for innovative cybersecurity solutions has increased significantly due to this. These solutions include threat intelligence, network security, encryption, and incident response systems. Governments all across the globe have made significant investments in cyber warfare capabilities to safeguard essential infrastructure and security of the nation. In terms of cyber warfare capabilities and investments, the U.S., China, Russia, and Israel are among the top nations. Multiple countries have rapidly developed offensive cyber capabilities to obtain an advantage in the global geopolitical environment. In addition, the market has experienced the growth of private sector actors providing services for both offensive and defensive cyber warfare. These businesses offer specialized knowledge and tools to businesses seeking to defend their digital assets and conduct offensive cyber operations against rivals. However, the market for cyber warfare addresses a number of difficulties, including a shortage of cybersecurity experts, a complicated regulatory environment, and the quick evolution of cyber threats. Furthermore, it continues to be extremely difficult to attribute cyberattacks, making it impossible to hold guilty parties accountable.

For instance, in April 2023, Raytheon Technologies launched RAIVEN, a revolutionary electro-optical intelligent-sensing capability, which enables pilots to have faster and more precise threat identification. RAIVEN can identify objects optically and spectrally simultaneously in real-time a single electro-optical/infrared, or EO/IR, system has never been able to do this before. The 'intelligent sensing' capability of RAIVEN uses AI, hyperspectral imaging, and light detection and ranging, or LiDAR, to enable operators to see up to five times farther and clearer than traditional optical imaging. This helps increase platform survivability and gives the warfighter decision advantage over peer threats.

Author Name(s) : Akanksha Pandey | Vineet Kumar
Frequently Asked Questions?

The Cyber warfare Market was valued for $37,513.42 million in 2022 and is estimated to reach $127,052.97 million by 2032, exhibiting a CAGR of 13.3% from 2023 to 2032.

BAE Systems, Cisco Systems, Inc., DXC Technology Company, RTX, Booz Allen Hamilton Inc., General Dynamics Corporation, Intel Corporation, L3Harris Technologies, Inc., IBM, and Airbus. are the top companies to hold the market share in Cyber Warfare.

North America is the largest regional market for Cyber Warfare

Increase in reliance on connected systems and technology is the leading application of Cyber Warfare Market.

Rise in advance cyberattacks and increased dependence on technology are the upcoming trends of Cyber Warfare Market in the world.

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Cyber Warfare Market

Global Opportunity Analysis and Industry Forecast, 2023-2032