Aviation Cyber Security Market Size to grow by USD 49.4 billion between 2024-2028
Technavio, a leading provider of market research reports, has released its latest study on Aviation Cyber Security Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
Key Highlights:
The market size is estimated to grow by USD 49.4 billion, at a CAGR of 10.85% during the forecast period. In the rapidly evolving aviation industry, cloud-based technology has become a priority for enhancing cyber security. By storing and managing data on remote servers over the internet, aviation companies can access real-time information on aircraft, crew, and passenger schedules from anywhere, improving operational efficiency. Cloud computing also enables the adoption of modernized and updated systems for authentication, video management, and biometric information storage. However, with the increasing adoption of cloud services in the aviation sector, securing data from unauthorized access becomes paramount. As with other industries handling large volumes of confidential information, robust cyber security measures must be implemented to safeguard data in the cloud.
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The aviation cybersecurity market is experiencing significant growth due to increasing threats to aircraft systems and airport infrastructure. Cyber attacks can lead to flight disruptions, data breaches, and even potential harm to passengers. Companies are investing heavily in advanced security solutions, including firewalls, intrusion detection systems, and encryption technologies, to mitigate these risks and ensure the safety and security of aviation operations. Additionally, regulatory compliance and industry standards, such as EU Regulation 216/2008 and ICAO Annex 17, are driving market expansion.
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