Cyberspace has emerged as the new domain for warfare. Any information technology (IT) based system connected to the Internet is vulnerable to cyber-attacks. Cyber weapons are software codes or programs powered by zero-day exploits and vulnerabilities aiming to violate the confidentiality of targeted systems. With the emergence of cyberspace as a new podium for warfare, cyber weapons have gained much importance globally. Furthermore, rising threat to cyber security from adversary nations is also impelling governments to invest more in the development of novel cyber warfare techniques, particularly in critical infrastructure such as smart power grids, industrial control system, and national defense systems.

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The value of the Global Cyber Weapon Market is at US$390.0 bn in 2014. Rising at a moderate CAGR of 4.40% between 2015 and 2021, the market is likely to reach US$521.8 bn in 2021.

Global Cyber Weapon Market: By Geography

North America
U.S.
Canada
Mexico

Europe
U.K.
Germany
France
Rest of Europe

Asia Pacific
India
China
Japan
Rest of Asia Pacific

Rest of the World
Latin America
Middle East
Africa

Among these regions, North America leads the global cyber weapon market. Increasing investment by the U.S. government to secure their defense system and overall IT infrastructure from cyber-attacks is fuelling demand from the North America cyber weapon market.

Expansion of the arms manufacturing industry in the cybersecurity business and rising demand for advanced techniques of cyber warfare are further fuelling the demand from the cyber weapon market. Despite exhibiting positive growth in demand, the cyber weapons market faces hindrance from stringent government regulations restricting the access to cyber weapons to legal institutions or organizations.

Global Cyber Weapon Market: By Type

Defensive
Offensive

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At present, organizations focus more on defensive technology. However, they are gradually shifting their focus on developing offensive cyber capabilities and setting up units to train professionals. Such activities lead to overall growth of the global cyber weapon market.

Global Cyber Weapon Market: By Application

National Defense System
Communication Network
Industrial Control System
Financial and Banking
Smart Power Grid
Air Traffic Control
Automated Transportation System
Hospital

Of these, the national defense systems segment holds the largest share in the global cyber weapon market in terms of revenue. The defense sector will continue to dominate the global market during the forecast period as well, states the report.

Below Mentioned Companies are the Key Players for Cyber Weapon Market

Lockheed Martin Corporation
The Boeing Company
BAE Systems plc
Raytheon Company
General Dynamics Corporation
Northrop Grumman Corporation
Airbus Group SE