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:

• Market Research Overview: The global aerospace and defense industry comprises companies and offerings involved in the manufacturing of commercial and general aviation aircraft, as well as defense platforms for naval, land, and air applications. This sector also encompasses the production of arms and ammunition, defense electronics, defense logistics equipment, space platforms, and launch vehicles. Furthermore, it includes maintenance, repair, and overhaul (MRO) services for both commercial aviation and defense sectors. According to Technavio, the global capital goods market size is determined by the total revenue generated by the manufacturers and providers in industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. - The Aviation Cyber Security Market is experiencing significant growth, fueled by the Adoption of hybrid model in aviation industry. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Adoption of hybrid model in aviation industry
  • Increasing advancements in cyber attacks in aviation industry
  • High cost of deployment of cyber security in aviation
  • Complex IT infrastructure
• Growth Projections

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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• Regional Insights

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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