Cyber Weapons Market Size, Share & Industry Analysis, By Type (Defensive, Offensive), By Application (National defensive system, Industrial control system, Communication network, Automated transportation system, Smart power grid, Others), By End-user (Government, BFSI, Defense, Corporate, Others) And Regional Forecast, 2024-2032

A cyber weapon is a computer code or software used to carry out cyber-attacks. Malware, viruses, ransomware, logic bombs are few examples of cyber weapons. However, due to the increase in cybersecurity threats around the globe, there is a significant increase in cybersecurity strategies. In the military, defense, intelligence sectors, cyber weapons are used to monitor the enemy’s actions, data surveillance, detect cyber threats, and analyze unauthorized activity in cyberspace.

In 2020 amid the U.S. presidential elections, the U.S. cyber command carried out missions to block malicious activates, foreign threats. The U.S. Cyber Command and National Guard bureau launched a new tool, “Cyber 9-line,” which state guards use to pass information about cyber threats to the U.S. cyber command.

Key Market Driver -

• Increase in number of cyber issues propels the demand for cyber weapons for security and planning.

Key Market Restraint -

• Increase in government regulations hampers the market growth.

Market Segmentation:

By type, the market is classified into defensive and offensive. Based on application, the market is segmented into air traffic control, national defensive system, industrial control system, communication network, automated transportation system, smart power grid, and others. Based on End-users, the market is divided into government, BFSI, defense, corporate, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players Covered:

The major companies in the cyber weapons market include B.A.E. Systems (The U.K.), Airbus S.A.S (Netherlands), FireEye, Inc. (The U.S.), Broadcom (The U.S.), Northrop Grumman (The U.S.), Avast Software (Czech Republic), Boeing (The U.S.), Kaspersky Lab (Russia), Cisco Systems (The U.S.), McAfee L.L.C. (The U.S.), Lockheed Martin Corporation (The U.S.), and others.

Key Insights

Increasing cybersecurity solutions among various sectors such as government, defense, health care, financial institutions propel the cyber weapon market growth.

Regional Analysis:

The cyber weapon market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will showcase significant growth in the cyber weapon market during the forecast period. The region's growth is due to government support for developing and up-gradation of cyber weapons and extensive use of cyber weapons in defense. The U.S. government plans to build a cyber-mission force from 2018 to 2027 under the U.S. Army Cyber Center of Excellence (CCoE). The presence of key companies such as FireEye, Inc., Broadcom, Northrop Grumman Corporation, Cisco Systems, and others propels the market's growth.

Asia-Pacific is expected to show remarkable growth during 2021-2028. The growth is attributed to the increased defense spending, large-scale research and development activities in cyber weapon development from countries such as China, India, South Korea, and others. Furthermore, the increase in cybersecurity threats and cyber-attacks and increasing cross-border issues drive the market growth across the Asia Pacific.

The cyber weapon market in Europe will witness significant growth due to increased cybersecurity and government funding from the U.K, Germany, Russia, and others. Growing defense budgets from most European countries due to increased cyber-attacks and security threats drive the market growth across the region.

In the Rest of the world, the market will showcase moderate growth during the forecast period. The growth is due to the growing use of cyber weapons in various sectors such as BFSI, healthcare, government due to large confidential data and critical information. In August 2019, London-based Privacy International ranked Israel in the top five for surveillance technologies, including cyber weapons or spyware.

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Segmentation

Cyber weapons Market Industry Developments

• In July 2020, India and Israel signed a contract for development and upgradation in cyber security. The contract was signed between Director-General of Israel’s national cyber direcotrate and India’s Ambassador to Israel.


• In october 2020, BAE systems launched a cyber threat detection service called Fox shield suit for the US military platform  to identify cyber attacks in real time. It can operate with ground, air and space vehicles to protect , identify and recover from cyber attacks.